CPAs for out-of-state investing

[Kyle Hern]

Hello BP,

I'd like to start investing out of state. I'm currently househacking a duplex in Oregon, but want to find rentals elsewhere just because the prices are too high here for someone just starting out. I also think Oregon is better for equity building.

Anyway, a couple of questions that I haven't found the answer to, yet, is about CPAs. Is it important to have a CPA in the area you're investing in or closer to yourself? Also, since I would have two properties in two different states, would that be a problem?

I appreciate the input.

[Bill Hampton]

@Kyle Hern

It's not important where your CPA is located. What is important is that you find someone that specializes in real estate taxation. 

There are 20+ accountants on this site that specialize in real estate taxation. Check the forums, reach out to a few and see who you connect with. 

Good luck and let me know if you have any questions.