CPA for Real Estate Investor

Investor · Visalia, CA · Member since 2016 · 5 posts · 3 votes

My wife and I have a few properties and will probably be picking up more. We need some tax planning and strategizing. Any ideas for the Central California area?

Thanks!

Jeff Hohne

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Jason WatsonBusiness Member

CPA · Colorado Springs, CO · Member since 2024 · 98 posts · 83 votes

Mike's Astros have nothing going on this summer, so he's got the time :) Then again my Avs and Nuggets packed it up quickly.

[email protected]719-387-9800

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Michael PlaksPro Member
Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
2y
Quote from @Jeffrey Hohne:

My wife and I have a few properties and will probably be picking up more. We need some tax planning and strategizing.
You are on a forum that features 20+ accountants specializing in real estate. Just browse this forum, see who answers tax questions and how. After choosing people you want to work with, send them a PM.

Bigger Pockets prohibits us from offering our services to you, publicly or privately. You must initiate the conversation from your end.
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Jason WatsonBusiness Member
CPA · Colorado Springs, CO · Member since 2024 · 98 posts · 83 votes
2y
Mike's Astros have nothing going on this summer, so he's got the time :) Then again my Avs and Nuggets packed it up quickly.
[email protected]719-387-9800
WCG CPAs & Advisors4.5101 Reviews
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Jason WatsonBusiness Member
CPA · Colorado Springs, CO · Member since 2024 · 98 posts · 83 votes
2y
Kidding aside, you want to find a tax pro that is competent, sure, but also one that speaks your language. Everyone claims to be a "real estate minded tax pro." Sure, I guess... by virtue of being on BiggerPockets, most can assume as much.

Here are two massive holes in our industry-

Poor planning. Tax pro's don't usually take the time to prepare tax plans for their clients.

Risk aversion. Many tax pro's project their risk aversions onto the client. "I wouldn't do that on my tax return." "Good, 'cause it isn't your tax return. It's mine." We get over the ethical hurdles, and after that, we lay out the options with varying risk profiles, and you, the client, decide.
[email protected]719-387-9800
WCG CPAs & Advisors4.5101 Reviews
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Katie Balatbat
CPA and Attorney · San Diego, attorney · Member since 2022 · 302 posts · 219 votes
2y
@Jeffrey Hohne
As others have said, there are several good CPAs that regularly comment in the forums with great advice. If you prefer someone based in CA, I have names in So Cal or Nor Cal, but not a ton in Central CA. Send me a message if interested.
*This post does not create an attorney-client or CPA-client relationship. The information contained in this post is not to be relied upon. Readers are advised to seek professional advice.
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Jeffrey Hohne
OP
Investor · Visalia, CA · Member since 2016 · 5 posts · 3 votes
2y
Quote from @Michael Plaks:

Quote from @Jeffrey Hohne:

My wife and I have a few properties and will probably be picking up more. We need some tax planning and strategizing.
You are on a forum that features 20+ accountants specializing in real estate. Just browse this forum, see who answers tax questions and how. After choosing people you want to work with, send them a PM.

Bigger Pockets prohibits us from offering our services to you, publicly or privately. You must initiate the conversation from your end.

Thanks, Michael.
0 Reply
Jeffrey Hohne
OP
Investor · Visalia, CA · Member since 2016 · 5 posts · 3 votes
2y
Quote from @Katie Balatbat:

@Jeffrey Hohne
As others have said, there are several good CPAs that regularly comment in the forums with great advice. If you prefer someone based in CA, I have names in So Cal or Nor Cal, but not a ton in Central CA. Send me a message if interested.
*This post does not create an attorney-client or CPA-client relationship. The information contained in this post is not to be relied upon. Readers are advised to seek professional advice.

Thanks, Katie. Sent you a message.
0 Reply
Jeffrey Hohne
OP
Investor · Visalia, CA · Member since 2016 · 5 posts · 3 votes
2y
Quote from @Jason Watson:
Kidding aside, you want to find a tax pro that is competent, sure, but also one that speaks your language. Everyone claims to be a "real estate minded tax pro." Sure, I guess... by virtue of being on BiggerPockets, most can assume as much.

Here are two massive holes in our industry-

Poor planning. Tax pro's don't usually take the time to prepare tax plans for their clients.

Risk aversion. Many tax pro's project their risk aversions onto the client. "I wouldn't do that on my tax return." "Good, 'cause it isn't your tax return. It's mine." We get over the ethical hurdles, and after that, we lay out the options with varying risk profiles, and you, the client, decide.

Thanks for the response, Jason.
0 Reply
Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
2y
Your profile mentions having three kids atleast 15 years of age.
You may want to have a conversation to see if you can include an expense on the rentals if your children help you out in the business.
[email protected]917-280-8544
Basit Siddiqi CPA4.880 Reviews
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