Do you have a real estate focused cpa on your team?
Hi everyone! I have a question that I would love to hear everyone’s experience on.
I know that real estate investing has it’s own advantages in terms of tax write offs like depreciation and expenses, ect. I was just pre qualified and will be buying my first multi family relatively soon.
I am starting to meet and fill in the members of my real estate investing team, and was wondering how much of an impact your cpa makes on your teams. The tax code is pretty complicated and you definitely need someone in your best interest to decipher it and make sure you can utilize all of the advantages that you can and give advice as necessary.
I would certainly interview CPA’s that specialize in real estate/ wealth building, and make sure that they have rentals of their own to show personal experience and a knowledge of what to look for.
Starting with one property under 4 units, is an expensive cpa worth it, or is that something you seek as you scale?
Thank you so much for the help,
Kyle