Most real estate agents do not know that they are considered real estate professionals by the US government. Because of this, they have been considered the best tax breakers out of any other profession in this country. For example, if a real estate developer is on vacation, looking for properties, they can write off that vacation as a business expense.
In this video, Ryan Penida shares how to reap the benefits of being a real estate agent.
Here are the tips shared by Ryan:
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Almost 99% of the real estate brokers do not tell their agents anything about the benefits. They don't even understand how the tax system works.
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They do not know how to build their brand.
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So if you want to learn those things, there is a company called Wealthy Agent. They teach everything at an accessible cost; you can check their website at wealthyagent.io.
If you are a full-time real estate agent, you should reap the benefits you deserve.
Keep checking this space for more tips about real estate.
Source: https://www.tiktok.com/@ryanpineda/video/7078924245056752942?is_from_webapp=1&sender_device=pc
Published by: Agnes Zang