Looking for REI Accountant in Chicago

Looking for REI Accountant in Chicago

Rental Property Investor · Chicago, IL · Member since 2019 · 8 posts · 2 votes

Just got under contract to purchase first investment property and need help getting finances set up any Recommendations? Preferably in South Chicagoland area!!!!

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Jonathan KlemmBusiness Member
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Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes
6y

@John Jeffrey - - I work with @Steven Hamilton II who is up on the far north side.

You don't need to be super close to your accountant as long as he's a rock star like Steven is.

Just remember, you get what you pay for with accountants and attorneys.  

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  • Investor · San Diego · Member since 2020 · 97 posts · 62 votes
    6y

    @John Jeffrey congrats on your first property!

    Bernard Wiczer. The guy is a CPA and vet in real estate law, went to University of Chicago law school. His rates are very reasonable too.

    You can DM me for his contact info if interested.

  • Jonathan KlemmBusiness Member
    Moderator
    Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes
    6y

    @John Jeffrey - - I work with @Steven Hamilton II who is up on the far north side.

    You don't need to be super close to your accountant as long as he's a rock star like Steven is.

    Just remember, you get what you pay for with accountants and attorneys.  

  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    6y

    @John Jeffrey

    Congrats on getting under contract.

    A tip for new investors is to open up a separate bank account for your business/rental related activities. This will allow you to easily determine at the end of the year what is business and what is personal.

    I would also download an app to keep track of your miles that you drive for business related purposes.

    This will all be handy when you work with your accountant.

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