The Affluent Agent Part II: Build Your Tax Shelter

4544 West 103rd Street,Oak Lawn IL 60453

27 October, 2021

Description

Taught by veteran agent, franchise Team Leader and successful investor Alex Fenske, The Affluent Agent series consists of three parts. Many real estate salespeople earn a high income and then struggle with how to keep, manage, and grow their money after it hits their account. Runaway expenses creep up on you. Income taxes are a perennial thorn in your side. And if you’re not careful, you might just look up at the end of a successful real estate career and have nothing to show for it. On the other hand, real estate professionals have a unique opportunity to take advantage of many of the most desirable financial vehicles on earth. Taught by veteran agent, franchise TeamLeader and successful investor Alex Fenske, The Affluent Agent series consists of three parts: PART I: KEEP YOUR MONEY You're good at bringing in the money- what about after it hits your bank account? In this session, you will learn simple ways to become aware of your expenses, make smart spending decisions, separate your business from your household, review a profit & loss statement, and plan for - and minimize - income taxes. PART II: BUILD YOUR TAX SHELTER Now that you have a little more order in your financial house, it’s time to take advantage of some more advanced tax reduction strategies. In this session, you will learn the pros and cons of the common types of business entities, Self Employment Tax and how to legally avoid it, how to select and open a retirement savings account, as well as some interesting, not-so-common tax-advantaged accounts. PART III: INVEST IN WHAT YOU KNOW Real estate is one of the best wealth vehicles for anybody, and real estate professionals are doubly lucky in that you are already experts in the field. Yet you still the same fears and challenges that stop most people from capitalizing on this opportunity. In this session you will learn about the laws and principles that make real estate ownership unique, the special perks available to real estate professionals, how to evaluate properties using capitalization rate and return on investment, many common and uncommon ways to finance property, and how you can screw it all up and still make a lot of money.