steven5477
New Contributor
- Joined
- Dec 14, 2012
- Messages
- 9
Rep Bank
$50
$50
User Power: 11%
I'm 26, a new real estate agent, just doing this a little more than 2 years. before i never think about the tax problem.
First year, I only make 20k commission, barely survive,
second year, I make 60k commissions, end of 2012 i start to do commercial
third year, if all these deals go well, at the end i will make more than 200k commission, and 2013 not even start, i don't even know how much tax i would get at the end of 2013.
so here is my question:
1, as a real estate agent, can i open my own LLC or Corp, everytime i make a sales, my broker instead paying me commission, she pays to my company?
2, If my company has 300k income a year, how to use this pre-tax money to buy real estate so i dont have to face big tax at the end.
please help and give a little advise
thanks
First year, I only make 20k commission, barely survive,
second year, I make 60k commissions, end of 2012 i start to do commercial
third year, if all these deals go well, at the end i will make more than 200k commission, and 2013 not even start, i don't even know how much tax i would get at the end of 2013.
so here is my question:
1, as a real estate agent, can i open my own LLC or Corp, everytime i make a sales, my broker instead paying me commission, she pays to my company?
2, If my company has 300k income a year, how to use this pre-tax money to buy real estate so i dont have to face big tax at the end.
please help and give a little advise
thanks
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
