CPA vs Financial Advisor

1 Reply

I'm preparing to buy my first house hacking property. I'm debating whether or not I should seek advice from a CPA, financial advisor, or both prior to getting a property under contract. Thoughts?

Any recommendations for these advisors in West Michigan?

Thanks.

Hi @Alicia S. , you're asking the right first question.  I've included a BiggerPockets link below that explains the basics of house hacking.  Talking with a CPA is an absolute must, I think a financial advisor would be helpful too but not completely necessary if the CPA is also financially sauvy.  I'd expect any CPA who focuses on real estate and/or is an investor themself would be able to cover all your questions and provide some really valuable guidance.  I'm a CPA in Grand Rapids, feel free to message me, I'd love to give some free advice and hear more about your plans.  Best of luck!

https://www.biggerpockets.com/renewsblog/2016/02/21/tax-implications-house-hacking/

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