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Tax, SDIRAs & Cost Segregation

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Adam Servies
  • Real Estate Agent
  • Indianapolis, IN
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CPA Recommendations - Indianapolis

Adam Servies
  • Real Estate Agent
  • Indianapolis, IN
Posted Jun 6 2022, 16:19

Hello all,

I'm starting a fix & flip company and looking for recommendations for a CPA. I'd like to make sure my book keeping / accounting is up to par from the start. If you also fix & flip/rehab properties, I'd especially like to hear who you recommend. Thanks all!

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Kerry Noble Jr
Pro Member
  • Investor
  • Indianapolis, IN
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Kerry Noble Jr
Pro Member
  • Investor
  • Indianapolis, IN
Replied Jun 7 2022, 07:33

check out @Brandon Lindsay.....idk if he gets on here anymore but you can google him. I have not used him but his friend is my accountant but hes not taking on any more clients..... or i would suggest him....

would love to connect as well....and network with you Adam if you have time

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Adam Servies
  • Real Estate Agent
  • Indianapolis, IN
4
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Adam Servies
  • Real Estate Agent
  • Indianapolis, IN
Replied Jun 7 2022, 18:40

Thanks Kerry! I will try to get in touch with Brandon. I will send you a message on connecting.

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Regina Sloan
  • Investor
  • Indianapolis, IN
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Regina Sloan
  • Investor
  • Indianapolis, IN
Replied Jun 13 2022, 14:35

Adam, thanks for asking this! we are also looking for a REI-savvy Accountant. best of luck! we are new flippers in Indy as well.

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Basit Siddiqi
Pro Member
  • Accountant
  • New York, NY
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Basit Siddiqi
Pro Member
  • Accountant
  • New York, NY
Replied Jul 9 2022, 12:14

When you are fixing and flipping homes, you have to properly account for rehab and renovations by individual properties.

Also, make sure to factor in items such as mileage driven, cost of tools, costs paid to agents to sell your home, etc

Fix and Flip business is subject to self-employment taxes. Talk to a CPA if there is a way to mitigate your exposure here.

Best of luck to you in your search for a CPA.