Attorney of Chicago

Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors

Description

Real Estate Advantages is for first-time as well as seasonedreal estate investors.It reveals the tax and legal loopholes availableand most important, how they can be used together to not only maximize yourincome--but accelerate your income from real estate investing.SharonLechter and Rich Dad's Advisor Garrett Sutton team up for the first time todeliver practical, proven strategies and formulas--from the perspective ofsuccessful investors, CPAs and asset protection attorneys--for acheivingthe greatest leverage from real estate investing.Written ineasy-to-understand language, this book de-mystifies the legal and taxaspects of investing with easy-to-follow, real life examples. Real EstateAdvantages reveals how you can find good advisors, create steady monthlyincome, reduce your risk, pay less in taxes, make more money with yourbanker's money and, best of all, the government helps you!

Reviews

Rating: 5 / 5
Date: 2010-06-25
Summary: "I use Garrett Sutton for all my LLC's"

As a Title Representative for Fidelity National Title in North Los Angeles county, I've had hundreds use this book /CD as a guide in their real estate practices for their real estate investments. So many of my clients have used Sutton Law Center for their LLC's for asset protection. Can't say enough about this book...Great Job!!!!!!!!!

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Rating: 5 / 5
Date: 2010-05-23
Summary: "Gift for a want to be millionair!"

This was a gift for my hubby, he still dreams of fast red cars, houses that when you speak the wall echo and an inside pool. He said this is all possible and why
he reads all about this from his favorite people Trump and the other guy. We still live in a moderate house, he still drives a Ford and we still do not have a pool inside or out.

He does , however, own 6 houses and a condo. So this book and books like it just might have help him.

I might need to get him some more books? What say you?

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Rating: 4 / 5
Date: 2009-08-15
Summary: "Real estate and its advantages"

I believe that real estate has certain advantages as described in this book such as 1031-exchange and depreciation, but I will warn readers about the benefits of leverage. The authors argue that real estate is superior to other investment alternatives, such as stocks or mutual funds, because leverage can increase returns. While this is true, leverage works well on the way up and destroy returns on the way down. I believe that many people, especially real estate investors, learned this lesson the hard way when property values plunged starting in 2008.

With that being said, I do believe that this book does a good job explaining the advantages in real estate. I liked the explanation of 1031-exchanges that allow investors to get into a bigger property, deferring capital gains. You cannot do this type of exchange with stocks.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

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Rating: 5 / 5
Date: 2009-05-18
Summary: "BEST BOOK FOR REAL ESTATE INVESTORS"

I bought this book after reading roberts rich dad por dad, and it was an eye opener to me. My house had gone in foreclosure but after reading this book i realised the problem was me, and not the bank. lack of information led me to foreclosure. Great book, and an eye opener for someone who is interested in real estate. I would recommend it. coz of simple plain english. It is easy to understand. I am big fan of rich dad poor dad books.
Irene

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Rating: 5 / 5
Date: 2008-12-07
Summary: "Informative"

Informative especially if new to the field. Gives basic legal and personal implications of real estate: i.e. how to get tax benefits for couples with high income (if one is involved in real estate); options for type of real estates, etc.