In this episode of Real Estate Success: The Whissel Way, Kyle Whissel and Bryan Koci shift the conversation from making more money to keeping more of it by breaking down practical tax and wealth strategies specifically for real estate agents. They cover why agents earning over $50,000 should consider an S Corp, how hiring family members can legally reduce taxes, and how depreciation, self-directed IRAs, syndications, and the Augusta Rule can dramatically impact an agent’s bottom line. The episode is a tactical overview of how agents can legally lower tax liability, reinvest smarter, and build long-term wealth beyond commissions.
Chapters:
00:00 Intro and why agents overpay in taxes
02:07 Making more money vs keeping more money
05:26 Why every agent is already a business
06:01 S Corp explained and why it matters
08:49 Salary vs distributions and tax savings
13:39 When an S Corp makes sense financially
16:31 Hiring your kids and family legally
20:53 Self-directed IRAs and real estate investing
24:48 Passive investing through funds and syndications
31:16 Depreciation, real estate professional status, and the Augusta Rule
