Hello, I am looking for recommendations for a CPA in Atlanta, GA that has experience with investors that rehab and flip properties.
Hi Cassie Jones, I am in the Atlanta area. I specialize in working with real estate investors. I would be happy to discuss your situation. Let me know if I can be of assistance.
Welcome to biggerpockets!
@Ashish Acharya and @Eamonn McElroy are accountants/CPA's local to Atlanta, GA. You may want to connect with them for a consultation.
Please be mindful that "flipping" is buying and rehabbing property with the intent to immediately sell for a profit.
Property in this case is inventory and the gain will be ordinary income taxed at your marginal tax rate and also subject to self-employment taxes.
proper bookkeeping for flipping business is normally difficult to understand, you may want to consult with your accountant on how it should be done.