by Bold Barrel Financial | Apr 12, 2024 | Uncategorized
Deferring / Avoiding Income Taxes One of the most aggressive reasons for the real estate agents to incorporate is the tax deferral/avoidance benefits. Those benefits are dramatically seen when you have a banner year, followed up by a bust year. Let’s say in year 1,...
by Bold Barrel Financial | Apr 12, 2024 | Uncategorized
Reducing Taxes on Un-Needed Income Every year that you are a realtor, you are going to put money into four piles. Taxes Business Expenses Personal Expenses Unneeded income This unneeded income isn’t actually unneeded, but it’s the best way I could frame it. It’s...
by Bold Barrel Financial | Apr 12, 2024 | Uncategorized
Saving for your next house faster The more I talk to real estate agents, the more I realize how much they want to own real estate. Sometimes it’s an agent with four houses looking for the next one to rent out. Sometimes it’s an agent who just bought their first home...
by Bold Barrel Financial | Apr 12, 2024 | Uncategorized
Invest in Life Insurance If your cash flow is tight right now, this isn’t for you. If you think insurance is a cash grab by the insurance companies, this isn’t for you. If you aren’t looking to build wealth, this isn’t for you. If you are still reading, this might be...
by Bold Barrel Financial | Apr 12, 2024 | Uncategorized
Give Your Retirement a Boost When you create your PREC, you can name anyone as shareholders. As the real estate agent, you need to hold the voting shares. But other members of your family can become non-voting shareholders. When someone is listed as a shareholder in...
by Bold Barrel Financial | Apr 12, 2024 | Uncategorized
How does your day compare? One of the biggest questions that agents want to know the answer to, whether they are young or old, is how are the top agents spending their time? Now I have no idea of the specific activities you do, but I know what they are doing from a...
