Common Tax Mistakes and Filing Strategically with Natalie Kolodij

Tax season can be a daunting time for many investors but with proper preparation and education, it doesn’t have to be. On today’s episode, we talk with Natalie Kolodij, a real estate tax strategist and investor, about choosing the right tax professional, structuring your real estate business from a tax perspective, and her experience flipping mobile homes.  We dive deep into the most asked tax questions and discuss how to find the best accountant for your needs and the questions to ask them, items to keep an eye out for on your next tax return, common tax recording mistakes, and a new deduction you definitely want to take. Natalie also shares with us her journey flipping mobile homes and how she found a buyer for a flip hours after she bought it. Natalie is the founder of Kolodij Tax and Consulting, a firm which embraces its tag line of ‘Tax Strategies to escape the 9-5”. A passion for real estate, tax strategy, automation, life freedom, and FIRE led Natalie to launch her firm in 2017. She has gone on to help investors across the country with unique tax strategy and planning to help work towards their REI goals. Natalie started off in real estate the worst way possible- via a guru course. Luckily, only a weekend event was attended, which opened her eyes to the world of real estate investing. After a failed agreement as a wholesaler, she switched gears and began investing in mobile homes in the greater Seattle area.  On today’s episode, we discuss a ton with Natalie, including: Common tax mistakes to avoid Ways to utilize rental losses strategically Questions to ask a potential tax accountant How to find and flip mobile homes Structuring LLCs from a tax perspective   Books/Resources eFile1099.com Go for No! by Andrea Waltz FREE GIFT – Free Tax return review and tax consultation   Contact Information Kolodij Tax and Consulting Facebook – Kolodij Tax – Real Estate Tax Strategist   Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days.  85% of their customers come back to do more business with them because of their dedication to exceptional service. It’s why they were named No. 42 of Inc.’s fastest-growing companies in America.  What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher    InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement   1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves.  Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2)  InvestHER Community on Facebook  We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!  3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther