As real estate investors, it is our intent to create massive and passive income for ourselves throughout our career. There is no doubt an investor with proper knowledge and skill will make money (and lots of it) throughout their career:
Three ways investors make money
There are 3 main areas the professional real estate investor will make money throughout their careers:
- Income from short term deals (buy- fix-sells, assignments, referral/finders fees)
- Passive income created from monthly income (rent, lease payments etc.)
- Selling of long term holdings
3 keys to pay less tax
The key part of this equation is how much of these profits do we pay tax on and how much tax do we pay? Of course this is why we have accountants, however there are 3 keys we must fully understand in order to both pay less taxes and be able to do more creative real estate deals as a result.
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