All Forum Posts by: Jeffrey Hohne

Kidding aside, you want to find a tax pro that is competent, sure, but also one that speaks your language. Everyone claims to be a "real estate minded tax pro." Sure, I guess... by virtue of being on BiggerPockets, most can assume as much.

Here are two massive holes in our industry-

Poor planning. Tax pro's don't usually take the time to prepare tax plans for their clients.

Risk aversion. Many tax pro's project their risk aversions onto the client. "I wouldn't do that on my tax return." "Good, 'cause it isn't your tax return. It's mine." We get over the ethical hurdles, and after that, we lay out the options with varying risk profiles, and you, the client, decide.

@Jeffrey Hohne

As others have said, there are several good CPAs that regularly comment in the forums with great advice.  If you prefer someone based in CA, I have names in So Cal or Nor Cal, but not a ton in Central CA.  Send me a message if interested.

*This post does not create an attorney-client or CPA-client relationship.  The information contained in this post is not to be relied upon.  Readers are advised to seek professional advice.

Quote from @Jeffrey Hohne:

My wife and I have a few properties and will probably be picking up more.  We need some tax planning and strategizing.  

You are on a forum that features 20+ accountants specializing in real estate. Just browse this forum, see who answers tax questions and how. After choosing people you want to work with, send them a PM.

Bigger Pockets prohibits us from offering our services to you, publicly or privately. You must initiate the conversation from your end.

I have been living in Eastern Europe for the last 3 years. I had a couple STRs in the Tahoe area a few years back. They did great. I'm not as young as I used to be and decided I don't want to shovel snow anymore. Tahoe area can get feet of snow in a day or two multiple times per season. 

When I return to the US, I plan to go full time in an RV, just me and my dog. I would like to buy a couple of STRs. Maybe one in Arizona and another in Oregon. About the only thing I dislike more than shoveling snow is heat and humidity. I never thought I would be interested in Arizona but now I'm seeing some appeal for the winter months. If I had an escape route for when it starts to get hot in late May, or early February or whatever, I could get out of town. I could use my STRs when I'm there, or not even very much. A bonus would be having a place to park my RV that would not disrupt guests. 

I've got 350 liquid and would plan to pay cash. I've looked at Lake Havasu and Brookings, among others. LHC has tome condos with long parking spaces for boats. Brookings is more rural so RV parking might be easier. I think I'll be avoiding California but wouldn't rule it out entirely. I was born in LA and lived all my life in the Sacramento area, so it's home.

Just kicking around ideas and looking for input.