Introduction

Exploring strategies for locating a trustworthy hard money lender including seeking recommendations, checking property records, and using online tools. The chapter stresses the importance of comparing lenders based on customer service and cost, and suggests consulting with experienced individuals and testing multiple lenders to make the best choice.

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Episode notes

Need to estimate rehab costs or calculate ARV (after-repair value) on a property? For new investors, these tricky tasks can often make or break a deal. But, as always, our hosts are here to deliver some helpful tips!

Welcome back to another Rookie Reply! After diving into rehab costs, discussing hard money, and weighing the pros and cons of FHA loans, real estate tax strategist Natalie Kolodij returns to the show to deliver some extra tax advice. She talks about passive losses and why you need to carefully track them from year to year, as well as how tax benefits are allocated in real estate investing partnerships. Stick around until the end to learn the ONE mistake you can’t undo on your tax return!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

How to estimate rehab costs and calculate after-repair value (ARV)

The pros and cons of FHA loans (and when to get a conventional loan instead!)

How to find the right hard money lender for your next deal

Why you NEED to track your passive losses (even if you can’t use them this year)

The ONE tax benefit you can never get back if your taxes are filed incorrectly

Using losses to offset earned income with the short-term rental “loophole”

How tax benefits are allocated in a real estate partnership

And So Much More!

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