In the midst of reading "The Book on Tax Strategies for the Savvy Real Estate Investor" and holy cow! It has made me realize how woefully bad my current CPA and how I need to find a new one that can assist me in planning as I get RE investing off the ground. Can anyone recommend a good CPA in the Denver metro area as I don't see that on the list of "network vendors" on BP.
Thanks in advance!! I'm taking a hard hit on an investment property that I purchased that is turning into a major rehab and hoping a good tax consultant can help me mitigate the costs.
Your first choice should be to find a CPA that specializes in real estate taxation and one that is local. Many CPA's that post on this website 'tout' finding one that is out of state so you can find that real estate focused CPA. Real Estate Taxation is nothing new and you can certainly find a local CPA that specializes in Real Estate.
Below are some tips to find a Local CPA that specializes in real estate
1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA
2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA
3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.
You should only look for an out-of-state CPA after you take the above steps.
Best of Luck!
There are some great CPA's here on BP from Denver. @Linda Weygant is one of them.
@Daniel Hyman - Thanks I will try to connect with Linda as she is local!