Any amazing FIRE / RE focused financial advisors?

Question

My wife and I have 2 units (1 LTR and 1 MTR) and are saving and looking to pickup our next deal this year.

We both have decent jobs, no debt (besides mortgage) and are pretty analytical and good savers. I got my degree in finance and am a lender so I have always felt like I could just do it myself.

That being said, we feel we are getting to the point where we should probably look into hiring a financial advisor / planner. I understand the value of someone who is an expert in their field and know that someone that does this for a living could do it much better than myself.

I would really like someone who focuses on FIRE and real estate investing since that is the goal we are working toward. To us it is more about the planning aspect and setting up systems to save for properties and manage finances, rather than someone who just wants to put our money in the market.

Does anyone have someone they would recommend or advice on taking this next step? Thank you!

Cynthia Meyer · Answer

@Kyle Hendricks I encourage you to look for a Fee-Only CERTIFIED FINANCIAL PLANNER® who works with real estate investors and is FIRE focused. Try NAPFA (@Bill Hampton is an awesome member!) and the XY Planning Network. Our firm Real Life Planning works exclusively with real estate investors. You can also look for advisors who have completed the Real Estate Financial Coach Course, a continuing education course for CFPs designed to enhance their real estate financial planning skills. @Daniel Huffman also works with a lot of FIRE folks.

Bill Hampton · Answer

@Kyle Hendricks

You came to the right place. Bigger Pockets is a great place to find a real estate focused financial planner.

A good financial planner can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation, 1031 exchanges, financial planning and tax planning.

I recommend finding a financial planner specializing in real estate taxation, business taxation, financial planning, and tax planning.

Consider working with your financial planner remotely to expand your options.

I would also recommend looking for a financial planner willing to work with you throughout the year. You want a financial planner who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

Kyle Hendricks · Answer

Thanks Bill, that is exactly what I am looking for. Thanks!

Kyle Hendricks · Answer

Thanks so much Cynthia!

Any amazing FIRE / RE focused financial advisors?

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