All Forum Posts by: Cynthia Meyer

When you get into passive loss strategy planning, you definitely want both a real estate-savvy CPA and a  Certified Financial Planner® who specializes in real estate investors on your team (preferably a Fee-Only planner as they are true fiduciaries). Passive loss strategies such as REPS and the STR loophole are known audit triggers so your friend would want to do this the right way. Bigger Pockets has a good search tool - there are lots of us!

@Dylan Villano my colleague @Daniel Huffman is a Fee-Only planner and real estate investor in Colorado. He's wonderful! The name of his firm is Cornerstone Financial Planning.

A financial planner can be a great boost to your situation if the planner 1) is comprehensive - looks at your total financial picture including your real estate holdings 2) can explain concepts in clear language and 3) can coach/mentor you in areas of your financial life where YOU want to make progress (things like launching or building your real estate or other business, understanding your securities portfolio, protecting your family, etc.). Make sure your planner is a CERTIFIED FINANCIAL PLANNER® and understand how they get paid for working with you (Either Fee-Only or commissions/product sales). If you work for a company, you can also see if they have a Financial Wellness employee benefit. 

@Michael Calvey thank you! I've passed them along.

My client is looking for a property and casualty insurance broker for a 20 unit apartment complex he owns in Hagerstown MD. Any suggestions? 

@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.

I'm a financial planner who works with real estate investors - we have a client who plans to renovate a Clinton Hill (Brooklyn) property that has been in his family for generations into a multifamily rental. He needs referrals to mortgage brokers for construction to permanent lending in NY. The client is in the early planning stages, hiring an architect now. Traditional lender is most appropriate (not hard money). Please share your ideas! 

I am helping a client look for a Realtor in Portland, OR, who works with clients on small to medium-sized apartment building purchases (20-50 doors). This is for direct purchase, not syndication. Please have experience with properties that require commercial loans. 

Drop your suggestions in this thread.

Thanks!

Does anyone have a recommendation for a business attorney in the Richmond area? Thanks!

@Hunter Terryn thank you!