Skip to content
Personal Finance

User Stats

18
Posts
8
Votes
Darren Redfearn
8
Votes |
18
Posts

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.

User Stats

3,271
Posts
2,831
Votes
Ashish Acharya#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
2,831
Votes |
3,271
Posts
Ashish Acharya#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. 

User Stats

237
Posts
310
Votes
Denver McClure
  • Financial Advisor
  • Dallas, TX
310
Votes |
237
Posts
Denver McClure
  • 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.

User Stats

167
Posts
144
Votes
Vicki X.
  • Investor
144
Votes |
167
Posts
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

User Stats

6,886
Posts
2,728
Votes
Basit Siddiqi
  • Accountant
  • New York, NY
2,728
Votes |
6,886
Posts
Basit Siddiqi
  • 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