Real Estate Loopholes: Secrets of Successful Real Estate Investing

by Garrett Sutton, Diane Kennedy, Diane Kennedy

Book Overview

Finding wealth through investing in property depends on knowledge, a good plan and building a team of advisors and mentors who can provide expert guidance. By examining the three keys to successful... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0446691356
• ISBN13: 9780446691352
• Release Date: April 2003
• Publisher: Warner Books (NY)
• Length: 240 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.6" x 6.0" x 9.1"

Customer Reviews

As promised

Thank you for the timely delivery of this book. I have other books by this author and I am looking forward to reading it.

A must read for new and experienced investors alike

As a seasoned investor, author and host of my own Real Estate Investment radio show, I read a lot of Real Estate related books and found this one to be top notch. While the answers to EVERY question are beyond the scope of any one book, the author covers just about every topic of concern to the RE investor. If you are new to the industry, you will come away with an understanding of what is involved and chapter 3 will especially help you focus and create a plan. If you are an experienced investor, you will be able to read this book on a whole different level and come away with tips and strategies on how to come away with more income and/or profit on every one of your investments. If you don't believe me, feel free to listen to her interview on The Real Estate Investor's Forum by logging on to voiceamerica.com

Best real estate book out there.

In looking at real estate books available on the bookshelves, I find that most are generic and say the same thing.Real Estate loopholes is different. It starts where the other books leave off and is updated for 2003.I bought it on Sunday and couldn't put it down. Also recommend Real Estate Riches.

Loopholes that put cash in your pocket!

The book is a quick read, especially if you're into real estate and have read some RE books before. But the authors' writing style, makes it easy for investors of all levels to understand the concepts. The authors are of course two RichDad Advisors (Sutton and Kennedy) and they start out by saying that there are two types of real estate loopholes: tax and legal.- From the tax standpoint, these are the loopholes that you want to open and use.- From the legal standpoint, these are the loopholes that you want to close and make sure no one sues you.Kennedy starts by going over basics of different ways that you can get into real estate, including a section on how to build your team. Then you get walked through how to create a real estate investing plan. It's pretty basic stuff, but very well done. Then you get taken through the tax system (briefly) in the US and you get walked through the three types of income: earned, passive and portfolio. Real estate is obviously passive in most instances and this is where you want to concentrate your efforts.You then get a look at seven of the legal deductions that a real estate investor can legally take. There are over 100 deductions, but she covered the main seven you should be concerned with.Next up is Mr. Sutton who will take you through the legal strategies to protect your assets. He takes you through different types of insurance you should have and then gets to the good stuff: how you should hold your real estate. He takes you through the pros and cons of C corps, S corps, LLCs, LPs, general partnerships, and sole proprietorships. Most people don't think of this stuff until after they purchase a place, but it makes sense to plan ahead and protect yourself.The last half of the book is how to analyze properties, make the offer, do a title search, and watch the cash flow come in. The book is filled with some good stories and examples that keep you moving through the book. It will definitely motivate you and make you feel like "I can do this stuff." Which is a great result from a book. I think it's a must-read for the budding RE investor. Real Estate Loopholes is obviously a RichDad Advisors book so it will sell millions of copies regardless of what's in it, but it's worth the buy. I just wish they had worked with Dolf DeRoos and put his book Real Estate Riches together with this one and made a really great book instead of one good one (this one) and one awful one (DeRoos').

Legal Loopholes - get rich with Real Estate

Small business and real estate may be the last bastion for the average person to build wealth and reduce taxes.Real Estate Loophole gives you all of the inside dope on both taking maximum tax deductions and making big money in real estate.The section on how to hold a property was also interesting.Another winner by the Rich Dad Team.