All Forum Posts by: Taylor Lopez

@Troy Fisher @Jonna Weber @Bogdan Cirlig @Arlan Potter @Elizabeth Klein

I cannot thank you all enough for your invaluable advice.

Now that I know I have multiple options to get into being a full-time REI, I have a lot of thinking to do.

Thank you all again!

@Troy Fisher I apologize for the late reply, but that is exactly the information I needed to know. I appreciate your advice.

@Jonna Weber for some reason the tag did not show up yesterday and would not allow me to edit my response above. 

@Jonna Weber - Thank you for your response.  In order to obtain my CPA licensure I have to meet a 150 hour educational requirement.  I'm graduating with 124,  so my plan is to fulfill it with a specialty degree that is most applicable to real estate. Since I already have so much time/money invested in accounting, I figured that obtaining a MTA would make the most sense. Most firms, at least from my knowledge, won't hire a Tax Accountant unless they have their MTA. I really just want to maximize the potential utility of my degree while at the same time reach outside of accounting into real estate. 

Do you know of any tax accountants that have gone directly into a real estate company with only a MTA and no CPA licensure or is that unheard of? 

Hi everyone,

I'm graduating with my Bachelor's degree in Accounting in May 2015. I have applied to both the Master's in Accounting program as well as the Masters in Tax program at my university, and I cannot decide which one would serve as more of an asset in my ultimate goal of entering the real estate industry.

I have done extensive research and have yet to find answers pertaining to my particular situation. I've even asked professors, to which most just told me to choose the one I was more interested in. I'm leaning more towards tax at this point because I think it would serve as more of an asset not only to my own future investment/business strategies, but to other investors' strategies as well.

As of right now, I don't want to be an accountant for the rest of my career; however, I know by gaining experience in a firm that works with the real estate industry I'd be able to absorb knowledge about different types of real estate, investment strategies, and their tax implications.

I fell in love with real estate investing because of the challenges, risks, rewards, and opportunities it can create. I want to be able to provide a plethora of opportunities for the younger generations in my community, because currently there really is not a large enough outreach from this particular field where I live.

In terms of actual job experience, I am a rookie to both accounting and real estate. As a full-time student, I study real estate investment strategies, read blogs/forums, and keep track of the market when I'm not doing work pertaining to my degree. I've applied to many part-time accounting-related positions for experience as I transition to graduate school in the Fall, but cannot get hired because I don't have experience.

With all of this being said, I have no clue to whether the path I am choosing (tax) is going to give me the best opportunity for real estate or if I'm wasting my time/resources on skills I might not use as much when I actually reach my goal to be an investor. All advice is welcome!

Thanks,

Taylor