Austin Financial Advisor/CPA recommendations?

Question

Can anyone recommend a good and preferably affordable financial advisor/CPA in Austin? I purchased my first investment property this year and am planning to leave my salaried position to start working full time as an independent contractor (I recently became licensed as a real estate agent). I am in need of tax advice and financial planning. Thanks everyone! :)

Meredith Parker · Answer

@Costin I. I'm still taking recommendations and haven't met with anyone just yet, as I'm focusing on wrapping up my first BRRR right now. I will keep you posted once I identify someone!

Thanks for all of the suggestions everyone!

Christopher Gilbert · Answer

We use Norm Godwin (Godwin and Associates) for our real estate CPA as well as our flip/owner finance LLC's.  He has a lot more experience with real estate investments than any of the other CPA's that we interviewed.

I stay away from financial advisors as all of the ones that I have spoken with generally just sell you a plan of pre-selected options and take a fee for it.  They are useful for folks that have no knowledge of how to manage their money but anyone with more advanced goals gets beyond most planners quickly.  My thought is that if anyone is so good with their financial advice they would be retired and not spending their time trying to sell people on how good of a planner they are.

Costin I. · Answer

@Meredith Parker were you able to find this unicorn of good and affordable CPA?

I find myself on a similar quest...

Carlos Rodriguez · Answer

I've used Derek Peterson at Peterson CPA Group (https://www.petersoncpagroup.com) for my small buy and hold portfolio for a few years now. He's pretty knowledgeable about all kinds of real estate tax implications.

Meredith Parker · Answer

Thank you @Linda Osborn!

Linda Osborn · Answer

@Meredith Parker

Mike Vargas of MK Vargas LLC. PM me for his phone number (I'm not allowed to post it here!)

Meredith Parker · Answer

@Beau Fannon Thanks so much for your reply! I just PM'd you. :)

Beau Fannon · Answer

Meredith, my background is in accounting and finance. I'm not a CPA but I'd be happy to answer any questions you may have and I'll gladly share my tax strategies with you.