This book is divided into five parts:
“Real Estate Advantages” explains the theories and facts behind the benefits
of real estate investing. “Get in the Game” instructs how to create an investment plan, assemble a
team of advisors, and choose investments. “Tax Strategies” teaches how to crunch the numbers of potential investments,
make full use of tax advantages, and manage your investments. “Legal Strategies” covers methods for protecting your investments and yourself. “Selection Strategies” reveals the legal and other issues for choosing
profitable properties. This book is not intended to make you a tax expert or legal expert on real
estate. Nor is this book offering a get-rich-quick scheme. (There are enough of
those pipe dreams being sold all the time in books and brochures, seminars and
infomercials.) Loopholes of Real Estate is for readers who are serious about
educating themselves about investing in real estate. It’s for readers who want to
learn about these advantages that the rich already know about. And because the
law applies to everyone–rich or poor–these advantages are available to all of us.
Before I began my business career, my rich dad insisted that I learn to be a real
estate investor. At first, I thought he wanted me to invest in real estate simply for
the real estate itself. As the years went on and my base of education grew, I came
to better understand the bigger picture of the world of investing. Rich dad said,
“If you want to be a sophisticated investor, you must train your mind to see what
your eyes cannot see.
” What my eyes could not see were the legal and tax
advantages that real estate investing offers the more informed investor. In other
words, there is far more to real estate than dirt, sticks, and bricks. This book,
written by Garrett Sutton, one of our Rich Dad Advisors, goes into the real
reasons why the rich invest in real estate. Loopholes of Real Estate will take you
into the world of real estate investing that the average investor rarely sees.
Today I make my money from all three asset classes: businesses, real estate,
and paper assets. But I hold the bulk of my wealth in real estate. I am able to
magnify my wealth using the advantages that real estate offers the sophisticated
investor.
There have been challenges for real estate investors in the recent past. But if
you learn the ins and outs of real estate investing, you can make money in real
estate whether the market is going up, down, or sideways. That is why my rich
dad preferred investing for cash flow instead of capital gains. As long as your
property is cash-flow positive, you can ride out a downturn in the real estate
market. The flippers and capital-gains buyers who are left holding properties for
resale in a plummeting market are the ones who will be hurt the most.
Y ou also need to surround yourself with good advisors. As a real estate
investor you must seek tax and legal advice from professionals, which is why
Garrett wrote this book. I do not know all of the details of the tax and legal
advantages he describes—but I am glad that he, as my advisor, does.
This book is divided into five parts:
“Real Estate Advantages” explains the theories and facts behind the benefits
of real estate investing. “Get in the Game” instructs how to create an investment plan, assemble a
team of advisors, and choose investments. “Tax Strategies” teaches how to crunch the numbers of potential investments,
make full use of tax advantages, and manage your investments. “Legal Strategies” covers methods for protecting your investments and yourself. “Selection Strategies” reveals the legal and other issues for choosing
profitable properties. This book is not intended to make you a tax expert or legal expert on real
estate. Nor is this book offering a get-rich-quick scheme. (There are enough of
those pipe dreams being sold all the time in books and brochures, seminars and
infomercials.) Loopholes of Real Estate is for readers who are serious about
educating themselves about investing in real estate. It’s for readers who want to
learn about these advantages that the rich already know about. And because the
law applies to everyone–rich or poor–these advantages are available to all of us.
Before I began my business career, my rich dad insisted that I learn to be a real
estate investor. At first, I thought he wanted me to invest in real estate simply for
the real estate itself. As the years went on and my base of education grew, I came
to better understand the bigger picture of the world of investing. Rich dad said,
“If you want to be a sophisticated investor, you must train your mind to see what
your eyes cannot see.
” What my eyes could not see were the legal and tax
advantages that real estate investing offers the more informed investor. In other
words, there is far more to real estate than dirt, sticks, and bricks. This book,
written by Garrett Sutton, one of our Rich Dad Advisors, goes into the real
reasons why the rich invest in real estate. Loopholes of Real Estate will take you
into the world of real estate investing that the average investor rarely sees.
Today I make my money from all three asset classes: businesses, real estate,
and paper assets. But I hold the bulk of my wealth in real estate. I am able to
magnify my wealth using the advantages that real estate offers the sophisticated
investor.
There have been challenges for real estate investors in the recent past. But if
you learn the ins and outs of real estate investing, you can make money in real
estate whether the market is going up, down, or sideways. That is why my rich
dad preferred investing for cash flow instead of capital gains. As long as your
property is cash-flow positive, you can ride out a downturn in the real estate
market. The flippers and capital-gains buyers who are left holding properties for
resale in a plummeting market are the ones who will be hurt the most.
Y ou also need to surround yourself with good advisors. As a real estate
investor you must seek tax and legal advice from professionals, which is why
Garrett wrote this book. I do not know all of the details of the tax and legal
advantages he describes—but I am glad that he, as my advisor, does.
