The Insider's Guide to Real Estate Investing Loopholes

by Kennedy, Diane; de Roos, Dolf

• ISBN13: 9780471711797
• ISBN10: 0471711799
• Edition: Revised
• Format: Paperback
• Copyright: 2005-03-21
• Publisher: Wiley

Summary

Increase Your Profits and Lower Your Tax Bill with Tax Loopholes for Every Investor The Insider's Guide to Real Estate Investing Loopholes reveals all the best and most effective tax loopholes that successful real estate investors use to maximize their profits. Completely updated with over fifty percent new material, this Revised Edition also covers all the new tax laws, and features new and updated case studies and examples. Real estate is probably the best investment money can buy, in part because there are so many profit-maximizing tax loopholes that directly benefit real estate investors. In this practical and straightforward real estate classic, bestselling authors Kennedy and de Roos show investors how to increase their investment profits and use real estate as a legal tax shelter. Inside, you'll find practical guidance and trustworthy advice on: * Tax loopholes that turn your home into a profit center * Tricks for using your vacation home as a tax-savings investment * Real estate investment strategies for taking advantage of international tax laws * Creative cash flow techniques for increasing your investment's profitability * How to cut taxes through the 1031 tax-free exchange, pension funds, real estate loss deductions, homestead exemptions, and joint tenancies * Real estate pitfalls and how to avoid them * And much more

Author Biography

DIANE KENNEDY, CPA, is a top real estate author and investing expert. She is the founder and owner of DKA, a leading tax strategy and accounting firm. She is also the author of Loopholes of the Rich, from Wiley.

DOLF De ROOS, PhD, is a successful international real estate investor, and a New York Times and Wall Street Journal bestselling author. He frequently conducts seminars across the nation and throughout Australia, New Zealand, Asia, and Europe. He is Chairman of the public real estate investment company Property Ventures Limited, and also the author of Real Estate Riches and coauthor (with Diane Kennedy) of The Insider's Guide to Making Money in Real Estate, both from Wiley.

Table of Contents

Introduction.

PART I: BASIC LOOPHOLES.

Chapter 1. Choose the Tax Laws You Want.

Chapter 2. Tax Traps to Avoid.

PART II: REAL ESTATE LOOPHOLES.

Chapter 3. Turning a Loss Into an Asset.

Chapter 4. Smart Business Structures That Also Reduce Tax.

Chapter 5. Clever Use of Debt.

Chapter 6. Sell Your Property Without Immediately Paying Tax.

Chapter 7. Avoiding the Ticking Tax Bomb.

Chapter 8. Exit Strategies.

PART III: HOME LOOPHOLES.

Chapter 9. Be Paid to Live In Your Home.

Chapter 10. Vacation Property.

PART IV: CREATIVE REAL ESTATE INVESTORS.

Chapter 11. Creative Ways to Control a Property.

Chapter 12. Creative Techniques to Put Money In Your Pocket.

PART V: EASY ACCOUNTING FOR REAL ESTATE INVESTORS.

Chapter 13. Accounting for the Buy. 

Chapter 14. Accounting for the Hold. 

Chapter 15. Accounting for the Sale. 

PART VI: GLOBAL INVESTING.

Chapter 16. The Case for Global Investing.