Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
by Sharon L. Lechter, Garrett Sutton
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Book Summary Information
Author: Garrett Sutton, Sharon L. LechterEdition: Paperback
Published: 2006-11-14
ISBN: 0446694118
Number of pages: 288
Publisher: Business Plus
Book Reviews of Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
Book Review: Excellent starter for investors looking at the long-term
Summary: 4 Stars
I bought my first property just before I purchased this book. I received it just before an international business trip, and didn't get any sleep on the flight because I was pouring over the basic concepts and ideas that fill this wonderful book.
If you are already in real estate and know the basics, you may not need this book. If you already have your team of advisors and know who to go for when you have questions, you may not need this book. If you understand the differences between LLCs and LP and why one is better in California than in Nevada, you may not need this book.
For most beginning real estate investors, this book is just the right amount and just the right speed to get started. Garrett and Sharon don't look at the buy-and-flip models, but rather at the advantages of staying in real estate, building a portfolio, and intelligently upgrading your properties (1031 Exchanges). They also go over the long-term planning aspects of inheritance and how to move your properties to family members with minimal taxes. They don't profess a silver bullet, but rather a rational plan to financial success through real estate.
Verdict: Highly recommended.
More Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors reviews:
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