All Forum Posts by: Bill Hampton

Welcome to Bigger Pockets. 

@Pamela Pfeiffer

You came to the right place. A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions and tax planning.

I recommend finding an accountant who specializes in  real estate taxation and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant 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.

There are over 20 real estate accountants on this site. Reach out to a few, see who you like and see if they are accepting new clients.

Good luck.

@Gary Castillo

You came to the right place. A good real estate accountant can save you a ton of money by leveraging entity selection and formation, tax deductions and tax planning.

I recommend finding an accountant who specializes in business taxation, real estate taxation and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant 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.

There are over 20 real estate accountants on this site. Reach out to a few, see who you like and see if they are accepting new clients.

Good luck.

@William C.

You will probably have to depreciate the bathroom repairs if it was on one invoice. The repairs may be eligible for bonus depreciation.

I recommend working with an accountant that specializes in real estate taxation. 

Good luck. 

@John Strianese

You came to the right place. A good real estate accountant can save you a ton of money by leveraging entity selection and formation, tax deductions and tax planning.

I recommend finding an accountant who specializes in business taxation, real estate taxation and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant 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.

There are over 20 real estate accountants on this site. Reach out to a few, see who you like and see if they are accepting new clients.

Good luck.

@Ben Stanley

If you have to use 401k funds for a down payment, then you are not financially ready to buy a house. 

Please save enough money so you don't have to touch your retirement accounts for the down payment. 

Also, make sure you have an emergency fund to cover six to twelve months of expenses before you buy a house. 

Good luck. 

@Tess Fal

Join the Georgia Real Estate Investors Association, gareia dot com. They have monthly online and in person meetings for new investors and landlords. It's also a great place to find a mentor. 

Good luck. 

@Kathy Creighton-Smith

You came to the right place. A good real estate accountant can save you a ton of money by leveraging entity selection and formation, tax deductions and tax planning. 

 I recommend finding an accountant who specializes in business taxation, real estate taxation and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant 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.

There are over 20 real estate accountants on this site. Reach out to a few, see who you like and see if they are accepting new clients. 

Good luck.

@Dan McEvoy

You came to the right place. A good real estate accountant can save you a ton of money using entity selection and formation, tax deductions and tax planning. 

 I recommend finding an accountant who specializes in real estate taxation and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant 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.

There are over 20 real estate accountants on this site. Reach out to a few, see who you like and see if they are accepting new clients. 

Good luck.

 @Dan N.

What happens if you become incapacitated or you die? That's why you need an operating agreement. 

Good luck.