How do i find a Tax Advisor?

Question

I am fairly new to real estate investing and I want to do Tax planning. I am listening to Tom Wheelwright's book Tax free Wealth. He suggests to seek counsel from a tax advisor, but I feel like my usual experience with accountants is that they are scared to take deductions. How do i find a good accountant that will help me reduce my tax liability?

Brandon Hall · Answer

You are working with the wrong accountants my friend.

If you want someone local, you can ask BP members who are local to you for referrals. Or you can contact your state CPA board and ask them to refer you to someone as they are usually more than happy to do so.

Don't be scared to use a non-local CPA. You'll expose yourself to a broader pool to pick from and they may have more tailored experience to real estate investing than the local guy who services everyone. Many of us service investors all over the U.S. and we supplement meetings with various technology solutions.

Browse the forums/blog and try to determine who's style you like the best and who people are recommending. Then reach out to them and see if they are taking on clients.

Hope this helps!

Brian Corbett · Answer

@Brandon Hall

thank you so much for the help. As someone local would be nice, I think the benefit of a larger pool of tax professionals will likely out weight the benefit of a local person. (although i was really hoping to find someone in the Toledo, OH area). I need to sit down with someone soon to do some planing.

Mark Nolan · Answer

@Brian Corbett

Look up Ed Slott CPA who has a large nationwide network.

Dave Toelkes · Answer

@Brian Corbett

If you are looking for a real estate investment savvy CPA and tax professional in Toledo, OH, try contacting John Hyre (or John Hyre Legal Group LP)

David K. Loveless · Answer

If you are looking for someone local, asking local BP members for referrals is a great option but if that doesn't work I would recommend attending your local REIA. A lot of times a tax accountant (who knows tax law regarding real estate) will be attending and if not I would talk to other investors (who are actually investing) for referrals. Plus you can expand your network with like-minded individuals.

How do i find a Tax Advisor?

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