Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

24
Posts
7
Votes
Cristian Portillo
  • Real Estate Investor
  • Columbus, GA
7
Votes |
24
Posts

Advice Needed! CPA or keep investing in real estate?

Cristian Portillo
  • Real Estate Investor
  • Columbus, GA
Posted

Hello everyone. I am Cristian from Columbus, GA. I currently have one year left to obtain my Bachelor's degree in accounting. I have 2 rentals at the moment. I've been debating on whether I should go for my masters after my bachelors to obtain my CPA or should I continue growing in my real estate investing. If I were to not go for my masters, I would be working full time making around $550 per week. I would be able to save up most of that money and keep investing in real estate. Which path should I choose?

Most Popular Reply

User Stats

8,153
Posts
3,696
Votes
Basit Siddiqi
  • Accountant
  • New York, NY
3,696
Votes |
8,153
Posts
Basit Siddiqi
  • Accountant
  • New York, NY
Replied

@Cristian Portillo

$550 per week - Is that before or after taxes?
That comes out to $28,600 a year if before taxes.

I would have assume a Bachelor's degree in Accounting should be able to demand a higher salary than that.

To answer your question - I would advise you to go for the master's program with a preference of waiting till you get at least 2-3 years of working experience.
The reason I suggest waiting 2-3 years is a lot of topics discussed in masters programs relate to topics/scenario's that you won't experience until you are 2-5 years in the profession. You would appreciate/learn more from the program after the work experience.

The thing that sucks is that some employers might want you to be "CPA eligible" which means having the 150 credits. 
It's a catch-22.

While real estate can provide a fulfilling career- it's good to have a backup; especially considering the fact that it would provide you a lot of reliability/credentials.

Are you going for Tax, Assurance or General Accounting?

business profile image
Basit Siddiqi CPA
4.9 stars
79 Reviews

Loading replies...