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Updated over 7 years ago on . Most recent reply
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Can you use your RE commission as an expense to pay down mortgage
My question is, can I combine my real estate sales business with my real estate investing business to pay off my properties with my real estate commissions? The goal being to decrease my taxable income and increase my equity.
I just became a licensed agent here in GA in April 2017. The plan is to take my highly taxed commission dollars and turn them into an expense by paying off the mortgage on my rental properties early. Don't know if this can work out the way I envision it in my head, because one is earned income and the other generates passive income. I'm sure someone has either thought of this or is doing it in some form or another. I've Google searched the topic, but can't really find relevant info so I've come here for some answers and advice.