All Forum Posts by: J Zev J.

@Eric Starks - That happens to be a common question on BP. Most of the tax professionals on BiggerPockets specialize in real estate. You can message them on BP and explain your personal investment and tax situation to see if they’re a good fit. Most of them serve clients in all 50 states.

@Joe Miller - Feel free to dm me for a recommendation. 

@Sebastian Austill - You can reach out to some local mortgage brokers to discuss your specific situation and questions. They will be a great resource as you move forward on your purchase. 

@James Stayton - A lot of investors do joint ventures for this. Just make sure you're protected on the legal side if things do go as planned. 

@Tina Chau - A good CPA will be able to help you and provide guidance for accounting, tax compliance, and tax strategies. 

@Dan Deng - It's sometimes difficult to find a CPA who both specializes in real estate and is located close to you in Ann Arbor.

There are lots of good CPAs and Enrolled Agents on Bigger Pockets who work remotely and have clients all over the country. You can just reach out to them and determine which one fits your needs the best.

@Ryan Copeland - Definitely recommend E-Myth by Michael Gerber. 

@Kevin King - For the loans you're trying to get, will the income from those properties be more than the taxes you would have saved? I think this is a good beginning framework for your problem. I don't know your specific situation so this is just a general idea. 

@Crispin Wong - You can put up a website to start building your buyers list. You can also go to some of the Facebook groups and post to find buyers. And posting on BP like you have just now, might lead to some buyers. 

Obviously hyperbole - but some truth in there.

Your lender wants to see more income to lower your DTI, making it easier to get a loan. Your CPA is looking for ways to minimize your taxable income, lowering your tax bill. How do you decide where to put more emphasis? It should come down to your goals. How will the loan help you achieve your goals? How will saving taxes help you achieve your goals? Imagine they're mutually exclusive. The loans will allow you to generate income. The lower taxes will allow you to save money. These are two different approaches. One might help you achieve your goals faster than the other. Either way, both require forward-thinking and clear communication between you and your CPA.