All Forum Posts by: Tony Guardado

I need to find a CPA/Tax Professional to help with Tax Planning,Tax Strategy and Tax filing. I currently have a local CPA (NE Ohio) that I give an Excel file to once a year and he prepares and files for me. He is great but I think I have out grown him and may be missing out on mitigating my tax liability. I do my own bookkeeping and am very organized. I am looking for a CPA that is a real estate expert, possibly that invests in real estate themselves.

My current situation:

1 combined personal/Sole Proprietorship LLC filing

Work a full time W2 job

100+ single family rental properties (143 currently) - self managed and use Appfolio

10 DST Investments

Actively selling and reducing my rental portfolio - 1031'ing all proceeds into DST's

Paying a large amount of Federal,State and Local taxes

I have searched locally but have not had much luck.I’ve also searched many threads on here but am a bit overwhelmed. I don’t want to just be another number. Trust is important and I want someone to be intimate with my situation and business.

Any CPA recommendations for my situation would be great.
Also what should all this cost me annually.

I'm also curious about the full time W2 thing. Do you have a spouse that meets REPS?

0 Votes

Quote from @Sean O'Keefe:

Quote from @Tony Guardado:

Help BP

1 combined personal/Sole Proprietorship LLC filing

Work a full time W2 job

100+ single family rental properties (143 currently) - self managed and use Appfolio

10 DST Investments

Actively selling and reducing my rental portfolio - 1031'ing all proceeds into DST's

Paying a large amount of Federal,State and Local taxes

Curious how much you are currently paying.

The person you’re describing can be found in this forum but it’s definitely going to cost you more than your current CPA based on what you’ve said. However, if your current CPA has missed some opportunities the benefit may out way the incremental cost.

If you don't find anyone on BP that think can handle this / you like - look for referrals from REI with similar portfolio.

Hi Sean. Thank you for the response. I paid $1740 in tax prep last year. I realize (and am willing) that I will be paying more. My biggest concern is paying a bunch more money and not saving significant tax dollars. The few I talked to led me to believe I’m doing everything right but I see my other investor friends pay no taxes and I’m paying 10’s of thousands. I do have a large portfolio of low value (low depreciation), minimal debt properties. So that doesn’t help the situation. One of the topics I need to better strategize on.

I welcome any insight directly here or privately as well. Much appreciated.

1 Vote

Help BP

1 combined personal/Sole Proprietorship LLC filing

Work a full time W2 job

100+ single family rental properties (143 currently) - self managed and use Appfolio

10 DST Investments

Actively selling and reducing my rental portfolio - 1031'ing all proceeds into DST's

Paying a large amount of Federal,State and Local taxes

5 Votes

I would recommend Archer. They introduced me to DST's 3 years ago and have walked me thru step by step over the years.

0 Votes

Quote from @Bob Stevens:

Quote from @Tony Guardado:

What type of numbers are you looking for? I may be able to put a package together for you in Canton. $1000 Rents.

whats the all in price? 1k rent is about 8k net income,

$100k/property
$850k for package of 10

0 Votes

Cleveland, Ohio

What type of numbers are you looking for? I may be able to put a package together for you in Canton. $1000 Rents.

0 Votes

Cleveland, Ohio

Recently purchased a 4000 square foot commercial office building in Canton Ohio

Looking for an inexpensive insurance solution.

Who will write a $70-$100k cash value policy on this building and what should it cost?

0 Votes

Canton, Ohio

Quote from @Kimberly C.:

Quote from @Nathan Harden:

Who is your PM?

I rather not speak poorly about a company in the public forum, I'll DM you and maybe you can let me know if you've heard of them or had any bad experiences.

DM me as well pls

0 Votes

Canton, Ohio

Still looking :)

0 Votes

Akron, Ohio

Look into joining some of the SCREIA events and the weekly Wednesday morning breakfast in Canton.

1 Vote

Canton, Ohio

All Forum Posts by: Tony Guardado

Tony Guardado has started 10 posts and replied 74 times.

Post: Tax Professional /CPA needed

Post: Tax Professional /CPA needed

Post: Tax Professional /CPA needed

Post: Delaware Statutory Trust DST 1031 Difficulty Giving up control

Post: Out of state Investing

Post: Out of state Investing

Post: Insurance for an office building

Post: City Code Inspectors

Post: Bored in Canton Ohio

Post: New real estate investor