Investor · Solana Beach, CA · Member since 2016 · 25 posts · 17 votes
Hi. I have a 20 unit multifamily under contract in CA. I'm interested in recommendations for a CA accountant well versed in real estate investment. Any Recs? Thank you
Robert Afra
I'd recommend checking out some of the CPAs on this site. You don't necessarily need somebody local, but you need somebody who is consistently working with real estate investors. Hope this helps.
@Taylor Brugna: thank you for the input. Do you think the cpa ought to be in CA so that there is more familiarity with Ca law, since llc and property are in Ca? And I pay CA taxes.
Robert Afra State tax won't be an issue for a good accountant-it's mostly the strategies/planning at the federal level. I think it's more important to have somebody that has a strong understanding of real estate. Not all CPAs deal with investors on a regular basis, and therefore won't keep up with the latest regulations or keep up with what clients are involved in, etc.
If working with somebody virtually is out of your comfort zone, definitely try to find one in your area. You ultimately need to find somebody that you are comfortable with. 99% of work is done through phone and email, but I understand when somebody prefers face to face meetings.
Good luck!