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Updated over 4 years ago on . Most recent reply presented by

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Rebecca Silva
  • Rental Property Investor
  • Portland OR (portland, or)
5
Votes |
7
Posts

WANTED: RE-friendly Accountant. Recommendations Please.

Rebecca Silva
  • Rental Property Investor
  • Portland OR (portland, or)
Posted

I was recently on the phone with my CPA. When he found out I was on the cusp of purchasing my first investment property he flipped out. Have you ever seen an introverted, analytic-type personality get emotional? It was unexpected to say the least. Apparently he tried real estate himself once and it went horribly wrong. He spent 80% of our 1-hr meeting trying to talk me out of it. I know he meant well.

I want a watch dog on my team, but I want that watch dog to be supportive of my rational, educated choice to move into REI. I won't surround myself with people who will inadvertently hold me back. So I'm stepping away from this relationship and on the hunt for a new one. Am I being unreasonable?

Recommendations please. How would you suggest I find a RE-supportive CPA?

Thanks in advance for your help. I'm open to feedback.


Most Popular Reply

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5,309
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6,336
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
6,336
Votes |
5,309
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@Rebecca Silva

Was your CPA Portland-based, or a millennial, or both? That's the only explanation I can think of. :)

Read this forum, see who answers questions and how, and contact those who you like. There're quite a few emotionally stable tax professionals here, all specializing in real estate.

  • Michael Plaks
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