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CPA/ Real estate lawyer

Darren Redfearn
Posted Apr 20 2023, 10:35

Hey all, Im looking for a suggestion on who everyone is using for a cpa and real estate lawyer. I need help setting up my business and moving my rentals into a trust and opening LLC for them (I think) if that is the best strategy for protection and tax optimizations. Originally I wasn't so worried about it because I owed so much so suing me would be pointless lol. Over the last few years things took off, plus its obviously in my best interest to keep as much money from the tax man as I can. Any help from fellow investors would be awesome, thanks.

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Ashish Acharya
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
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Ashish Acharya
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Replied Apr 20 2023, 13:21

Darren, good start. Yes, talk to a CPA first who can give you tax efficient structure and then take that to an attorney. 

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Denver McClure
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  • Financial Advisor
  • Dallas, TX
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Denver McClure
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  • Financial Advisor
  • Dallas, TX
Replied Apr 20 2023, 13:23

Hey @Darren Redfearn, I'd recommend @Jeff Nash as a CPA who can help with your needs. He may also be able to point you in a good direction for a RE lawyer as well.

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Vicki X.
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Vicki X.
  • Investor
Replied Apr 20 2023, 16:10

Bigger Pockets has a CPA page: https://www.biggerpockets.com/blog/tax-partners

Hall CPA specializes in real estate and has a good reputation

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Basit Siddiqi
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Basit Siddiqi
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#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Replied Apr 22 2023, 17:33

CPA - Advice / Approval of structure
Attorney - The one who would draft up the operating agreement, setting up the entities.

The issue with Attorney is that they are normally state specific.
Therefore, you would likely be looking for an attorney in North Carolina.

Best of luck