Looking for a REI Accountant

5 Replies

I am in Chicago and I need my taxes filed. This is my first investment property and the taxes are more than I can grasp by myself and I don't want to make a mistake coming out the gate so if you are an accountant in Chicago and can help please send your info to me THANKS

Hi Linda M.

I recommend that you contact your local real estate investors association for recommendations. Also there are many good tax accountants on this site. Reach out to them, check their prices and see if they are a good fit for you. If you have any questions send me a private message. Good luck.

Regards, 

Bill Hampton

@Linda M.

Doing the taxes for the year that you purchased a property or selling a property can be complicated...

There are many ways to find a savvy CPA

1. Biggerpockets search function - Use the search function to see if a BP colleague requested a CPA in your area. This method allows you to reach out to the BP colleague and ask who they interviewed with, who they decided to go with and if they like working with their CPA. Below are posts from BP colleagues who requested a CPA in your area.

https://www.biggerpockets.com/forums/664/topics/52...
https://www.biggerpockets.com/forums/48/topics/454...
https://www.biggerpockets.com/forums/48/topics/362...
https://www.biggerpockets.com/forums/664/topics/39...

You may want to send a message to the thread starter of the above links.

“Hi _____,

I noticed that you recently requested to connect with a CPA in _______. I am currently in the market for a CPA and I would like to inquire who you ended up choosing. Thank you for connecting and let me know if there is anyway that I can help.
Thanks,______

2. Keyword Alerts - Add the keyword alerts "Chicago" and/or "Illinois". You will notice that there are certain members frequently respond to posts that have these keywords. Send a message to these members and see who they use as a CPA. Connecting with members who have a pro membership have a higher tendency so be more serious and provide you a good recommendation.

3. Real Estate Networking Events - These events contain investors with similar tax profiles as you. Network and see who they are using for a CPA. You can find local networking events through the BP events section or meetup.com

4. Reach out to CPA who works with clients remotely - You may want to reach out to a CPA that works with clients remotely. Working with a remote CPA who has experience in real estate is better than working with a local CPA who does not serve real estate investors. Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless. There are many CPA's on this site that work with clients remotely.

In the meantime - feel free to ask any tax related question. I would be more than happy to help give my opinion.

Good luck in your search!

Basit Siddiqi, CPA
917-280-8544

Hi Linda, 

I have a great CPA that I use.  PM me and I'll give you his info.  

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