Advice needed regarding financial planning

[Brittany Rogerson]

Hi all! This is my first time posting and I am in need of some advice… The background to my question is my husband and I have been dabbling part time in the real estate investment game for 10 years now, while we have been advancing in our careers and starting our family. My husband is very skilled with the buying and renovating aspect of real estate. He is able to do much of the work himself and we manage our own properties. He greatly enjoys this over his full time job and our goal has always been to get to a point where he can quit is w2 job and do real estate full time.  We are now in a position where we have 4 investment properties completely paid off making us money and I have a high paying W2 job that allows us to feel comfortable enough for him to quit his W2 job and start investing in real estate full time.

So my question is… where can we go to get advice on how to move forward with this in regard to the best way to structure our growing real estate rental business? Do we start an LLC? Is there someone (possibly a more real estate minded CPA) who we can tell our future plans to and they can educate us on all of our options? Is this the job of a wealth adviser? I am not looking for a free service, I just really have no idea what service to even look for. We live north of Pittsburgh, so I am open to direct referrals or someone who can just tell me what service to search for.

Thank you!

[Nate Meeker]

@Brittany Rogerson congratulations on taking steps towards financial freedom! I highly recommend hiring a CPA that specializes in real estate investing, especially considering that your husband may start working full-time on the investing end. 

A good REI CPA will be able to save you more money in the long run than they charge you. Best of luck to you!