Hello All,My friend has a real estate company in which is the only employee/employer (broker-in-charge).

I’m not speaking for you, but most cosmetologists and barbers who are self employed way underreport their income to the IRS, thinking they are better off not paying the taxes, then end up having to work the rest of their lives because they didn’t save and didn’t pay into social security.Just the fact that you are on here, asking questions and putting a plan together puts you way ahead of the pack and is an indication you will be successful.  

Contrary to what others may say, if you're just looking to increase your savings, then I recommend securing w2 employment.

@Jason ThompsonI realized that I employed a scarcity mindset at times, especially when I was putting offers, trying to lowball or get the best deal in a market that was on an upswing.

However, you can significantly reduce your cost of living employing different strategies. 6 years ago, When I first started, I had a duplex where I rented the 2nd unit and lived on the 1st.

He should be able to file very quickly if he doesn't have to wait on an employer W2 to attach.

S could be more expensive due to wage reporting and employment taxes.

And while the IRS wants income taxes, they want employment taxes (SS, Medicare) much more.Thanks,Jason

Looked at the cashier and said, Yes, I am old enough to by spray paint, gave her a wink and smile mischievously.9am - Had my back adjusted by the best chiropractor in the world.10am -12pm - Breakfast with a great friend poolside at Wynn Las Vegas, talking business, motivation and mindset.12-6pm - Rehab work.

They were both self employed running their own businesses and treated RE as a investment but not a business.