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Updated almost 7 years ago, 02/06/2018

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5
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0
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Mikell Elliott
  • Chandler, AZ
0
Votes |
5
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Tax Exemption for 1 year - Good or bad idea?

Mikell Elliott
  • Chandler, AZ
Posted

I currently work a full time job and plan to begin investing in real estate this year. A real estate investor from a certain real estate investment group (which charges $20,000 for a mentor lol) told me to go exempt from taxes and get an LLC ASAP so I could have access to all the money I need.

I went exempt at the beginning of the year. Will I have to pay all of the taxes back next year or are there ways around this once I purchase my first investment property this year? 

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