When To Get A Accountant?
I am a new investor. I'm getting ready to close on my 2nd deal. We have had our first rental for 6 years and just pay taxes at tax time on that proeprty. Now we are buying a rehab. Do we need a accountant or just claim the new home at tax time?
thanks for any advise,
Marty
I would strongly advise finding a good accountant (CPA) that has lots of real estate experience now so that you can have them review each transaction prior to acquisition for tax strategies. It is well worth it. Have you thought about 1031 exchanges?
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