doc á Loopholes of Real Estate Secrets of Successful Real Estate Investing À join or create book clubs

doc Loopholes of Real Estate

doc á Loopholes of Real Estate Secrets of Successful Real Estate Investing À join or create book clubs À ➶ Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad Advisors) Free ➬ Author Join or create book clubs – EyltranIre and benefit from real estate investments The audiobook clearly identifies how these loopholes can be used together to maximize your income and protect y I am an attorney in private practice and have many clients who fancy themselves real estate professionals Very few of them whether they own many properties or only a few truly know and understand how to maximize the tax and legal advantages of real estate I intend to recommend this book to all of my clients and colleagues who either already engage in or express a desire in real estate investingGarrett Sutton's book Loopholes of Real Estate is the best and most comprehensive book that I know of to frame a person's perspective of real estate investment through the lenses of tax minimization asset protection and cash flow maximization Mr Sutton formerly a real estate broker himself and currently a real estate investor and attorney brings real life experience the law and the professional knowledge of some of Robert Kiyosaki's greatest Rich Dad Advisors to bear in this outstanding work This book is a survey of real estate law and investing concepts that is an absolute steal as a mass market product The information in this book is sold for hundreds if not thousands of dollars in other media such as seminars academic courses and professional booksSutton covers a myriad of topics with an overall emphasis on tax minimization and keeping your investments out of the reach of ambulance chasing attorneys Among the topics covered in this book area the basics of asset depreciation including using cost segregation to maximize passive loss;b overview of 1031 exchanges and the basics of how to use and implement them;c concepts of property management;d how to hold real estate including a devastating indictment of land trusts and the scam artists who promote them as a form of asset protection;e how to structure your real estate holdings including how to use corporations limited liability companies and limited partnerships including the different tax classifications of same eg S corp versus disregarded entity;f how to layer your protective countermeasures using insurance debt encumbrances your state's homestead exemption and euity stripping;g the different ways to hold title to real estate eg the differences between tenancy in common and joint tenancy;h The different types of conveyances eg grant 'warranty' deeds versus uit claim deeds and their legal implications;i the double negative problem of investing in real estate using a Traditional or SimpleSEP IRA; and how to use a self directed Roth IRA to invest in real estate if you choose to do so; andj how to protect your personal residence from creditors including the proper use of your state's homestead exemption LLCs and debt encumbranceSutton's true brilliance is in how he crystallizes difficult complex subjects into bite size morsels that are easily consumed and digested by non lawyers and non real estate professionals The Audible version of this book is narrated by Sutton himself in a folksy conversational tone which you can hardly tell is a narration at all Listening to the audiobook often made me feel as if I was sitting in a chair in Sutton's law office having a personal conversation with him about how to achieve my real estate investment objectives It is an absolutely brilliant productionThere are many other topics covered in this book which you will find helpful and enlightening Throughout the book Sutton uses the case study method used in law schools and business schools to bring to life the reasons why proper asset protection planning and tax strategies can both maximize your income minimize your tax liabilities and protect your investmentsIn closing I can't recommend this book highly for anybody in any way connected with real estate This should be the first thing you read about real estate investing and Sutton provides numerous references for in depth discussions of certain topics I recommend purchasing the Audible version and listening to it in the car doing the dishes and performing other chores and then either owning the physical book or Kindle edition as a desktop reference Rich Dad has once again hit a home run and has successfully demystified and deconstructed a complex and daunting profession With Loopholes of Real Estate the advantages of real estate investing are now open and accessible to ordinary Americans from every walk of lifeThank you Mr Sutton and Mr Kiyosaki

Join or create book clubs ✓ Rich Dad Advisors text

Our investments Written in easy to understand language this audiobook demystifies the legal and tax aspect of investing with easy to follow real life exampl I had borrowed this book from my library but took so many notes as I devoured it before having to return it only to have to wait another 30 days before I could borrow it again for review So I bought it Of the 8 real estate investment books I read over the summer this one was by far the most informative

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Loopholes of Real Estate Secrets of Successful Real Estate Investing Rich Dad AdvisorsLoopholes of Real Estate is for the first time as well as seasoned investors It reveals the legal and tax strategies used by the rich for generations to acu For those who have become familiar with Robert Kiyosaki he has outsourced much of anything he might know about investing in real estate to about a dozen people who know selling books related to the subject while giving just enough material to try and get you to a seminar where they will attempt to try an up sell you in the back of the room as the seminar ends The larger problem with this is the up selling never ends They never give you all the info so they can keep you spending Kiyosaki has licensed his “Rich Dad Poor Dad” Brand to a company called legacy Education in which he gets a kickback for all the up selling they do at putting butts on seats in these seminars I’ve been to a “3rd” level seminar with Legacy education and the speakers are actually trained to repeat specific phrases during the training so you be inclined to spend 30000 on a multi level training package when the seminar ends Legacy has attendees fill out a uestionnaire about their goals and aspirations in real estate investing however on that same sheet are 3 specific uestions on your household income investment holding you may have and assets in your name Now why would anyone need to know all of that if the product was good enough to see it for yourself? I say all of this to caution you to tread carefully around all of the “Rich Dad Poor Dad” material and all things related which are easily recognizable with the color purple being a huge part of the books covers The books are written in the same vein and structure as the seminars just enough info to buy another one but still not have the whole package