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Updated about 3 years ago on . Most recent reply

User Stats

71
Posts
20
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Rene Bee
  • Rental Property Investor
  • New York
20
Votes |
71
Posts

Out of state real estate property

Rene Bee
  • Rental Property Investor
  • New York
Posted

Hi Everyone, 

I have my w2 job in Georgia but have real estate property in New Jersey.  I'm also about to acquire another buy and hold in NJ.  I need a CPA to do my taxes who is familiar with real estate.  Should the CPA be located in NJ where my property is located?  Also looking for recommendations.

Thanks!

Most Popular Reply

User Stats

2,934
Posts
3,696
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Linda Weygant
  • Investor and CPA
  • Arvada, CO
3,696
Votes |
2,934
Posts
Linda Weygant
  • Investor and CPA
  • Arvada, CO
Replied
Quote from @Rene Bee:

Hi Everyone, 

I have my w2 job in Georgia but have real estate property in New Jersey.  I'm also about to acquire another buy and hold in NJ.  I need a CPA to do my taxes who is familiar with real estate.  Should the CPA be located in NJ where my property is located?  Also looking for recommendations.

Thanks!

Hi Rene,
Instead of focusing on physical location, you may be better served by a CPA that is specifically knowledgeable in your type of investment strategy/goals.  Many talented CPAs are set up to serve you virtually and matching with somebody who can offer up strategy and advice in addition to tax preparation may be a better plan than focusing on CPAs in a specific area.

Best of luck to you!

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