New investor should I get a CPA?

[Lian Orraca Rosario]

I am a new investor in Baltimore City. Just bought my first property and I plan to do a house hack while doing some improvements on the property. Should I get a CPA to help me with my taxes this year or should I continue to use online tax tools until I have acquired more properties?  What do investors normally do?  Is there like a general rule of thumb? 

Thanks!! 

[Garrett Hawk]

Hello Lian,

I have discovered that it's good to use a CPA that is experienced in real estate investing. There are some strategies that could be overlooked including "accelerated depreciation". That has been the biggest tax deduction that I missed starting out.  Having this  knowledge early on, will help you scale faster.

Let me know if you'd like anymore help!