The Warren Buffett Model For Your Real Estate Business

Posted by:

The Warren Buffett Model For Your Real Estate Business

Have you considered the Warren Buffett model for your real estate brokerage business?

Mr. Buffett is renowned for smart investments, he “buys the business” rather than just considering his stock purchases as an investment.

Generally he finds value within a company and hires the right managers to continue allowing the business to be run effectively and efficiently with an eye on growing the bottom line.

Realty Point also looks at their franchisees as business people with specific skills that have brought them the ...

Continue Reading →
8
JAN
0

Feasibility of Running a Brokerage

,

How Tax and Brokerage Rules Restrict Realtors

Posted by:

How Tax and Brokerage Rules Restrict Realtors

Ontario based realtors are under a significant tax disadvantage due to some confusing combination of the rules related to their professional body (The Real Estate Council of Ontario also known as RECO) and the provincial government.

In contrast to other provinces, realtors in Ontario are effectively prevented from operating their professional activities through a corporation despite many years of discussions and lobbying. There is no reason to believe that “the powers that be” will change their views anytime soon. Perhaps insignificant ...

Continue Reading →
5
JAN
0

Feasibility of Running a Brokerage, Tax Benefits

,

How To Open A Real Estate Brokerage

Posted by:

How To Open A Real Estate Brokerage

The steps to opening a real estate brokerage aren’t all that complicated. Much like any other incorporated company you’ll need to jump through some hoops and some steps will seem to take forever but they are navigable and they can be accomplished with a little careful planning and some good advice along the way.

Pick a company name
Your business name is usually the easiest step until you see that someone else is using your top choice. Spend some time to ...

Continue Reading →
29
DEC
0

Feasibility of Running a Brokerage

,

Top 5 Excuses For Not Opening Your Own Real Estate Brokerage

Posted by:

Top 5 Excuses For Not Opening Your Own Real Estate Brokerage

At Realty Point we’ve spoken with many real estate brokers about incorporating and opening their own brokerage. While the benefits are obvious (tax benefits, liability issues, equity growth, income splitting and income deferral are the most popular pluses), there is always the uncertainty about starting off on your own even in a business that you’ve had many years in the making.

Here are the top reasons why real estate brokers don’t open their own brokerage and why they need to reconsider ...

Continue Reading →
4
DEC
0

Scared to Open a Brokerage

, , ,

Receive expert help with starting your own brokerage

Posted by:

There are lots of great reasons to incorporate your real estate business. You might be attracted by the tax savings and tax planning possibilities, be keen to build a legacy for your family, or want the prestige and independence of owning your own brokerage.

But there’s so much involved in setting up a real estate brokerage. Filling out application forms and endless paperwork, finding an office, buying equipment, hiring staff…. the legal requirements can feel like a maze and the whole ...

Continue Reading →
25
SEP
0

Feasibility of Running a Brokerage, Scared to Open a Brokerage

, ,

Is Owning a Real Estate Brokerage Financially Feasible?

Posted by:

As a successful Realtor®, there are many great reasons to set up your own brokerage – like prestige, legal protection and tax savings of over $50k per year.

But a brokerage doesn’t come cheap. Even the set up costs, like equipment, furniture, and infrastructure, can be a major stumbling block, although the regular tax savings make this initial outlay worthwhile.

The bigger worry for most aspiring real estate brokers is the thought of all the ongoing expenses. Like any other business, there’s ...

Continue Reading →
25
SEP
0

Cost Feasibility

, , ,

Want to have a Real Estate Brokerage you can be proud of?

Posted by:

As a successful Realtor®, there are lots of great reasons to incorporate your business – like prestige, legal protection and substantial tax savings.

Of course, the Real Estate Council of Ontario (RECO) won’t allow you to incorporate your business unless you set up a brokerage. And the thought of all the cost and hassle involved is enough to stop many Realtors in their tracks.

• How much will it cost to have your own office, staff and ...

Continue Reading →
25
SEP
0

Administrative Feasibility, Feasibility of Running a Brokerage

, ,

Want to Open a Brokerage Without Drowning in Paper?

Posted by:

As a successful Realtor, there are lots of reasons why you might want to incorporate your business. Like putting thousands of more dollars a year in your pocket by taking advantage of the corporate tax rate of 15.5%. Or protecting your savings from legal threats. Or investing in your future.

But there’s an awful lot of work involved in opening a brokerage. Applying for a license, filing paperwork, setting up an office and hiring staff – it can be an ordeal ...

Continue Reading →
25
SEP
0

Administrative Feasibility, Feasibility of Running a Brokerage, Scared to Open a Brokerage

, ,

Page 2 of 2 12