I'm purchasing a duplex as a house hack in Minneapolis, MN, and looking for recommendations on tax accountants with real estate experience in the area. Let me know if you have any CPA's you would highly recommend. Thanks!
Lender · White Bear Township, MN · Member since 2016 · 1k+ posts · 1k+ votes
6y
@Andrew Clark I’ll be the first of many to recommend @John Woodrich He’s a successful investor and a CPA with a masters in Tax who specializes in working with those investors.
Lender · White Bear Township, MN · Member since 2016 · 1k+ posts · 1k+ votes
6y
@Andrew Clark I’ll be the first of many to recommend @John Woodrich He’s a successful investor and a CPA with a masters in Tax who specializes in working with those investors.
There are a couple things to be mindful of when you house-hack. You are purchasing a property that is both a personal residence and an investment property. As such, there are payments that you will make that are both personal and non-deductible BUT there will be payments that you will make that are deductible.
Are you open to working with an accountant remotely?
I would prioritize finding an accountant who specializes in real estate taxation over one that is local. There are 20+ accountants on this message board who specialize in real estate taxation. Feel free to reach out to a couple and use the one you connect with the most.