Common Tax Mistakes and Filing Strategically with Natalie Kolodij

<p>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. </p> <p>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.</p> <p>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.</p> <p>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.<strong> </strong></p> <p>On today’s episode, we discuss a ton with Natalie, including:</p> <ul> <li>Common tax mistakes to avoid</li> <li>Ways to utilize rental losses strategically</li> <li>Questions to ask a potential tax accountant</li> <li>How to find and flip mobile homes</li> <li>Structuring LLCs from a tax perspective</li> </ul> <p> </p> <p><strong>Books/Resources</strong></p> <p><a href="http://www.efile1099now.com/">eFile1099.com</a></p> <p><a href= "https://www.amazon.com/Yes-Destination-How-You-There/dp/0966398130"> Go for No! by Andrea Waltz</a></p> <p><a hr