Seeking an RE accountant

[Lynette P.]

Am I just missing it or is there no category for accountants in the vendors section? I find that to be very odd!

I'm in the SF Bay Area and seeking an accountant who understands RE investing. Mainly rental properties held in land trusts and RE syndications. So far, I've done our tax returns using Turbo Tax. Buying our first rental properties this year so it's time to find a professional. Any recommendations? Since everything is digital these days, I am guessing where the accountant is located is not that important.

Thanks in advance!

[Basit Siddiqi]

@Lynette P.

Your profile mentions that you are from CA which has one of the more complex tax laws in the county. It may be advised to work with a CA based CPA or atleast one that is familiar with CA State tax laws.

Land trusts for the most part are easy from a tax perspective as they will be treated as disregarded entities(if properly structured).

Below are some tips to find a Local CPA that specializes in real estate

1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA
2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA
3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.

You should only look for an out-of-state CPA after you take the above steps.

Best of Luck!