CPA recommendations for rehab/flip investments

2 Replies

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. 

@Cassie Jones

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.