Wondering if someone can recommend a cpa that knows real estate in the St. Cloud mn area? Thanks in advance!!
Hi @Nicholas Jestus . I've found that in some cases it is better to find a professional in the area of expertise you need rather than one that is close by. Almost all of the amazing things a CPA can do with rental property is at the federal level, which means the state is almost irrelevant. Skype, Facetime, and those types of products have made geography less important.
I work in Brooklyn Park but our firm has an office in St. Cloud. I have driven there for client meetings in the past but depending on the circumstances a phone call or other means is sometimes easier. I personally invest in residential rehabs with an objective of flipping or buying and holding depending on the terms of the deal and the market. On the tax side I have a masters in tax and my largest single family investor in MN has over 100 properties.
If you are interested in a phone conversation feel free to send me a message and I will reach out to you.
PS - I also know about filing a form 3115 for a change in accounting method to correct a problem when prior depreciation hasn't been taken. Easier to discuss on the phone.
Join the Largest Real Estate Investing Community
Basic membership is free, forever.