There are certainly other areas to consider as well and with so many smart investors here on BP, I'm sure you'll receive some other recommendations.I would also suggest that you connect with a knowledgeable real estate agent who specializes in some of these marketplaces as real estate tends to be hyper-local and their expertise (which is usually free to you) will become invaluable throughout your decision making process.

Her expertise was also in short sales and she used the option contract to double close.

@Dave Olverson It depends on what you want.If you just want someone to prepare an individual Federal tax return for a few properties owned by just your tax unit (you and a legally recognized spouse), @Bryan L. is right- any CPA claiming tax expertise should be able to handle that.If you have a more sophisticated / complicated setup with partnerships or LLCs located out of state, it's a good idea to have a CPA / CPA firm that is familiar with the laws where each entity is regulated and taxed.If you are performing complicated deals or operating in a particularly tricky tax scenario (like a self directed retirement plan invested in an LLC you manage), then having a CPA / CPA firm familiar with real estate practices and applicable tax laws and regulations would be beneficial.If you are using real estate as investments that you wish to pass on as a legacy to your children (even if that will be in 50 or more years), a CPA familiar with estates and trusts may provide value to you so you can setup entities and ownership now and avoid big tax hits later when you've made a lot of money.Based on what I know of New York, Washington D.C., and California, I wouldn't recommend operating in those areas without a CPA/CPA firm with understanding of those state and local tax laws.There are economies of scale when it comes to these things, so my recommendation is to focus on a particular area for most of your investments to maximize the benefit of the legal and accounting advice you receive.

Anthony Wienke - I own a web design company, including expertise in e-commerce integration, SEO, social media, email marketing and streaming media integration.If you choose not to create a site and integrate a payment processing application (e.g.

I'm passing it, as a newbie and him never flipped a house before this is outside of our expertise at this point of our REI careers.IMHO, it would do well only if it was rezoned as a commercial property so to rent it out to businesses.

Same thing here, I'm sure my brief comments are seen in a similar light, and like him, I don't really care, I don't comment to be the President of the class here, but to simply inform as to my OPINIONS, which are much better than most in my areas of expertise.

We are interviewing a few CPAs next week before we select one to move forward with, we will seek their expertise on how to structure our acquisitions to avoid challenges with financing.  

forgive me if my question comes off as novice as this niche is NOT my area of expertise, but im interested to learn about it. . thank you my fellow BPers

Account Closed The 10,000 hour comment was from Malcom Gladwell's book title "Outliers" Throughout his book, Gladwell repeatedly refers to the “10,000-hour rule,” asserting that the key to achieving true expertise in any skill is simply a matter of practicing, albeit in the correct way, for at least 10 000 hours

In no was I doubting your organizational expertise or casting dispersion, I have no doubt your excellent at what you do, nor did I imply that you weren't in any way.