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Updated about 7 years ago on . Most recent reply

User Stats

8
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0
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Zach Brooksher
  • Real Estate Agent
  • Carmel, CA
0
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8
Posts

Rookie Question on Mindset with Taxes Looming

Zach Brooksher
  • Real Estate Agent
  • Carmel, CA
Posted

Hi all, 

My name is Zach, I live in California and after reading David Green’s book on Long Distance RE investing, I’ve identified a great market and I’m ready to start investing. I’m a full time Realtor, so I’m on a 1099. My commissions are not taxed, and while I intend to start paying quarterly taxes instead of waiting until tax season to pay the full sum like I did in 2017, I am behind on that this year. My question is - when you have taxes looming over your head, do you set that money aside for taxes, or do you invest it in a deal to make more? Kind of a mindset question, and maybe it all depends on your comfort level. I’m wondering if anyone else is comfortable investing the money instead of setting it aside. Thanks! Lot of great info here! 

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