
Cross Domain Knowledge - Taxes for Agents and Lenders Serving Investors
06/13/23 • 8 min
You need to be knowledgeable about your core skills. If you're a real estate agent or broker, you need to know how to help your clients buy and sell properties. If you're a lender, you need to know how to make loans.
However, it helps if you have at least a basic understanding and skills in cross-domain knowledge. Just like an accountant should understand the basics of buying, selling, and financing houses, you need to have some basic cross-domain knowledge of taxes for real estate investors and recommend they seek out professional guidance from a tax professional.
In this mini-class James will share with you the basics you should know.
You need to be knowledgeable about your core skills. If you're a real estate agent or broker, you need to know how to help your clients buy and sell properties. If you're a lender, you need to know how to make loans.
However, it helps if you have at least a basic understanding and skills in cross-domain knowledge. Just like an accountant should understand the basics of buying, selling, and financing houses, you need to have some basic cross-domain knowledge of taxes for real estate investors and recommend they seek out professional guidance from a tax professional.
In this mini-class James will share with you the basics you should know.
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Return on Equity
James discusses the importance of learning about yourself and helping your real estate investor clients learn about and utilize return on equity.
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Rental Property Tax Deductions
I am NOT an expert at taxes and accounting, but this is an example class of me teaching real estate investors about tax deductions and some tax related concepts.
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