Tax Strategy???????????

[Mark Cruse]

I have two rental units that I'm considering attaching to my LLC. In addition, I want to add on to my portfolio. Currently, I'm renovating a property for a flip. If that goes well I intend on doing multiple per year. As of now I just file all my taxes together with an accountant at the end of the year. Me, my wife, our regular jobs and the real estate are all lumped together. As I grow is there a better way to handle this so I can maximize my profit? Are there things throughout the year I should be doing to have a more beneficial grip on it? I know some use real estate attorneys or accounts that specialize in this area. How has this worked for anyone?

Thanks

Mark

[Jordan Thibodeau]

HI @Mark Cruse !

Are you receiving any advice on tax strategies from your accountant? The last accountant I had wasn't a good fit, the new one I'm working with offers me plenty of advice on tax strategy. I recommend finding an accountant who's experienced with RE tax strategies. 

Best of luck!