Investor · Lansing, MI · Member since 2021 · 16 posts · 15 votes
Hey everyone,
I am going to buy my first rental property in the next few months and am looking for a CPA to advise me on REI tax issues. I want to be proactive about tax planning, so I'd like to meet with this person throughout the year, not just around mid-April. I met with one CPA but I don't think he will be a good fit for me. The vibe I got from him was that when you have a specific tax issue, you call him, and he fixes it for you. I want to work with someone who will LET ME KNOW of problems/ways I can maximize deductions well in advance. The person I met with also wasn't great at explaining complicated tax jargon into simpler terms. I want someone who is able to explain these concepts to me so I can learn.
Does anyone have a recommendation for a CPA that they've worked with that fits my description above? I live in Michigan, but am completely open to working with someone remotely.
You can find 20+ accountants fitting your description right here on the forum. Spend an hour reading the forum and our answers. You will see whose explanations and personality you like. Then reach out to these experts and find out how they operate.
My guess is that several of the REI specialized tax pros here on the forums offer proactive planning. Everyone in that top contributors list (except dave foster, he's the 1031 man) could likely provide this to you.
Keep in mind tax planning & strategy =/= tax preparation
So pricing won't be on par with the people who only talk to their tax pro once a year to drop off some documents.
You can find 20+ accountants fitting your description right here on the forum. Spend an hour reading the forum and our answers. You will see whose explanations and personality you like. Then reach out to these experts and find out how they operate.
@Kyle Hilliard, two of the best just responded to you. Just remember - education and strategy take time. They got their education at university. You want to get it from them. A relationship like that is invaluable. But it does come with a cost. I've been with my accountant for over 30 years. Turbo Andy is older than me. But he's not allowed to die before me!