Real Estate Tax Strategies to Help YOU Pay Less Tax in 2024

Want to pay less money to the IRS in 2024? We’ve got the real estate tax strategies to help you do just that. And get this—you don’t need a large real estate portfolio to benefit from these money-saving tax tips!

Welcome back to the “Real Estate Rookie” podcast! Today, real estate tax strategist Natalie Kolodij lends her expertise on the many tax benefits of real estate investing. Natalie is not only a certified public accountant (CPA) but also a fellow investor, and in this episode, she shares the unique real estate investing strategy she used to get started—flipping mobile homes! She also dives into the different types of partnerships and their tax advantages, as well as common house hacking misconceptions that cause new investors to miss out on important deductions.

Need to sell a property? You’ll want to know about the exclusion that allows you to avoid capital gains tax. Natalie even gets into the short-term rental “loophole” that investors can use to reduce their taxable income each year. Of course, you don’t need to master the tax code before buying your first property—you just need to find a tax professional who specializes in real estate. So, Natalie offers three questions you MUST ask before hiring one!

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Join BiggerPockets for FREE 👇
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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Find an Investor-Friendly Agent in Your Area:
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Find Investor-Friendly Lenders:
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Hear Natalie on the “BiggerPockets Money” Podcast:
https://www.biggerpockets.com/blog/mo...
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What You Need to Do NOW to Pay Fewer Taxes in 2024:
https://www.biggerpockets.com/blog/re...
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How to (Legally) Avoid Taxes by Investing in Real Estate:
https://www.biggerpockets.com/blog/ro...
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Seeing Greene: CPAs Answer YOUR Top Investing and Tax Questions:
https://www.biggerpockets.com/blog/re...
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The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of:
https://www.biggerpockets.com/blog/on...
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Connect with Natalie:
BiggerPockets: https://www.biggerpockets.com/users/n...
Facebook: facebook.com/kolotax
LinkedIn:   / nkolodij  
Instagram:   / re_tax_strategist  
Website: www.kolotax.com
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or   / wealthfromrentals  
Tony: @tonyjrobinson or   / tonyjrobinson  

Show notes at: https://link.chtbl.com/Rookie


00:00 Intro

00:48 Flipping Mobile Homes

09:14 Questions to Ask a Tax Professional

17:57 Choosing a CPA & Common Tax Mistakes

26:16 Partnerships & House Hacking

33:15 The “Nonqualified Use” Exclusion

38:44 Connect with Natalie!