Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
by Sharon L. Lechter, Garrett Sutton
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Book Summary Information
Author: Garrett Sutton, Sharon L. LechterEdition: Paperback
Published: 2006-11-14
ISBN: 0446694118
Number of pages: 288
Publisher: Business Plus
Book Reviews of Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
Book Review: Excellent starter for investors looking at the long-term
Summary: 4 Stars
I bought my first property just before I purchased this book. I received it just before an international business trip, and didn't get any sleep on the flight because I was pouring over the basic concepts and ideas that fill this wonderful book.
If you are already in real estate and know the basics, you may not need this book. If you already have your team of advisors and know who to go for when you have questions, you may not need this book. If you understand the differences between LLCs and LP and why one is better in California than in Nevada, you may not need this book.
For most beginning real estate investors, this book is just the right amount and just the right speed to get started. Garrett and Sharon don't look at the buy-and-flip models, but rather at the advantages of staying in real estate, building a portfolio, and intelligently upgrading your properties (1031 Exchanges). They also go over the long-term planning aspects of inheritance and how to move your properties to family members with minimal taxes. They don't profess a silver bullet, but rather a rational plan to financial success through real estate.
Verdict: Highly recommended.
Summary of Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
Real Estate Advantages is for first-time as well as seasoned real estate investors. It reveals the tax and legal loopholes available and most important, how they can be used together to not only maximize your income--but accelerate your income from real estate investing. Sharon Lechter and Rich Dad's Advisor Garrett Sutton team up for the first time to deliver practical, proven strategies and formulas--from the perspective of successful investors, CPAs and asset protection attorneys--for acheiving the greatest leverage from real estate investing. Written in easy-to-understand language, this book de-mystifies the legal and tax aspects of investing with easy-to-follow, real life examples. Real Estate Advantages reveals how you can find good advisors, create steady monthly income, reduce your risk, pay less in taxes, make more money with your banker's money and, best of all, the government helps you!General Books
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