How to Invest in Real Estate and Pay Little or No Taxes: Use Tax Smart Loopholes to Boost Your Profits by 40 Percent

by Hubert Bromma

Book Overview

How you can realize the dream of tax-free real estate investment

Record numbers of investors are choosing real estate as a safe alternative to the stock market. In How to Invest in Real Estate and Pay Little or No Taxes, an expert acquaints investors with exemptions, exchange rules, and other tax shelters you can use to increase your ROIs by as much as 40 percent annually. Hubert Bromma clearly explains how they work and shows...

• Format: Paperback
• Language: English
• ISBN: 0071443789
• ISBN13: 9780071443784
• Release Date: January 2005
• Publisher: McGraw-Hill Companies
• Length: 247 Pages
• Weight: 0.88 lbs.
• Dimensions: 0.7" x 5.9" x 8.9"

Customer Reviews

Good guide

This one may not get you 40% but it does tell you a unique trick with the IRAs. you can flip real estate over and over again without paying immediate taxes. the downside? you can't withdraw your earnings but for long term, it is awesome. the book talks about tax liens being used for IRAs, though I agree with that, do not use this book to learn about tax liens or tax sales, or you're gonna get burned. read up on Investing Without Losing (ISBN 0978834607 NOT on amazn, other stores) or something similar.

Useful Reference Book with Sound Strategies

This book will open your eyes to new ways of securing and increasing your assets tax-free. There are many details and step-by-step examples and different scenarios. If you are thinking of doing a 1031 like-kind exchange - this book will take you through the process and give you concise instructions on how do it and what mistakes to avoid. If you are interested in self-directed IRA's - keep in mind that you can use your retirement plan to invest in real estate. The author walks you through using your 401(K), your IRA, your HSA, and other vehicles to increase your portfolio by buying assets, including real estate. If you want to own rental property, there is a way to have your self-directed IRA own it in its portfolio. If your IRA doesn't have enough money to purchase the entire property, you can borrow cash outside the IRA to purchase the property. The book shows how to draw up a Buy Letter under those circumstances. If you will be receiving rents from the property, you can hire an outside property manager, rather than having your IRA plan administrator do the work. But there are strict conditions and this book outlines them. If you invest in real estate at all, or are thinking about it, this book is a definite must-read and could potentially save you thousands of dollars!

Easy read !

This book has great information and is easy to understand! I have attended workshops by this author and this was exactly what I hoped for!