Episode 121 - Leveraging Tax Knowledge for Real Estate Write-Offs With Natalie Kolodij

Every year, tax day comes as a major headache for most real estate investors. However, what most don’t know is that working with an accountant that specializes in real estate tax can actually save you thousands of dollars yearly!

In this week’s episode, our hosts welcome Natalie Kolodij, founder of Kolodij Tax & Consulting, a tax firm that specializes in minimizing tax costs for real estate investors who are looking to maximize their growth. 

Natalie has made it her life mission to help real estate investors gain financial independence through tax strategies and financial education. Join us this week as she shares her insider tips and tricks for finding the right locations to invest in, vetting the perfect accountant, and leveraging tax knowledge to save on costs every year.

PODCAST HIGHLIGHTS:
[4:16] Natalie’s Beginnings to Financial Independence

[6:15] How Natalie Began Flipping Mobile Homes With No Experience

[12:59] Financing for Mobile Homes

[13:51] How to Land Surprisingly Good Deals

[18:40] Pros and Cons of Renovating Mobile Homes

[21:36] CPA vs EA: What’s the Difference?

[23:21] How Specializing in Taxes Can Give You an Edge in Real Estate

[27:24] Diving Into Mid-Term Rentals as a First-Timer

[32:00] Watching Out for the Upcoming Real Estate Boom

[36:36] How to Pick the Best Accountant for Real Estate Needs

[40:54] Natalie’s Insider Cost-Saving Strategies

[43:55] Learn From Natalie’s Next Big Move

[47:12] Speculating the Demand for a 2-Bedroom House

[48:20] Natalie’s Biggest Advice to Real Estate Investors

Affiliate Links:

1. Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! — https://www.thefiteam.com/ 

2. Join a supportive community of over 1200 passionate like-minded investors! You can find your very first short-term or medium-term rental here, as well as accountability buddies and bi-weekly webinars:
AirBnB Investing - https://www.facebook.com/groups/airbnbinvesting

3. Listen to Natalie’s video with Mindy Jensen from BiggerPockets about what every real estate investor needs to have before tax day - https://www.youtube.com/watch?v=GoL9LB0uEME

4. Check out Natalie’s book recommendation: Published: The Proven Path From Blank Page To 10,000 Copies Sold by Chandler Bolt - https://www.amazon.com/Published-Proven-Blank-Published-Author/dp/1539412334

5. www.rentredi.com and use our CODE: INVEST2FI to get 50% off on their first 6 months.
www.rentredi.com — CODE: INVEST2FI

6. Kaplan Real Estate Education (we have the recording as well)
They can go to the website -https://www.kapre.com/
and use our CODE - Invest2

7. AirBnB Hosting course
This course is designed to walk you step by step from purchasing a property, setting it up to rent, to becoming an AirBNB SuperHost.
You can register FREE COURSE here:https://www.stepbystepbnb.com/a/2147508384/zG79Sujh