Rich Dad's Real Estate Advantages : Tax and Legal Secrets of Successful Real Estate Investors

by Lechter, Sharon L.; Sutton, Garrett

• ISBN13: 9780446694117
• ISBN10: 0446694118
• Format: Paperback
• Copyright: 2006-11-14
• Publisher: Grand Central Publishing

Summary

Real Estate Advantages is for first-time as well as seasonedreal estate investors.It reveals the tax and legal loopholes availableand most important, how they can be used together to not only maximize yourincome--but accelerate your income from real estate investing.SharonLechter and Rich Dad's Advisor Garrett Sutton team up for the first time todeliver practical, proven strategies and formulas--from the perspective ofsuccessful investors, CPAs and asset protection attorneys--for acheivingthe greatest leverage from real estate investing.Written ineasy-to-understand language, this book de-mystifies the legal and taxaspects of investing with easy-to-follow, real life examples. Real EstateAdvantages reveals how you can find good advisors, create steady monthlyincome, reduce your risk, pay less in taxes, make more money with yourbanker's money and, best of all, the government helps you!

Table of Contents

Foreword	ix
Preface	xi
Part One Real Estate Advantages
Chapter 1 Understanding the "Why" of Real Estate	7	(6)
Chapter 2 The Benefits of Leverage	13	(8)
Chapter 3 Capital Gain vs. Cash Flow	21	(8)
Part Two Get in the Game
Chapter 4 Creating Your Real Estate Plan	29	(10)
Chapter 5 Creating Your Team of Advisors	39	(12)
Chapter 6 Taking Action	51	(4)
Chapter 7 Setting Up Your Books	55	(6)
Part Three Tax Strategies
Chapter 8 Understand the Numbers	61	(10)
Chapter 9 Make Real Estate Your Business	71	(10)
Chapter 10 Tax-Free Exchanges	81	(14)
Chapter 11 Your Principal Residence	95	(6)
Chapter 12 Vacation Homes	101	(10)
Chapter 13 Real Estate and Retirement Plans	111	(10)
Chapter 14 Using Pretax Dollars to Buy Real Estate	121	(4)
Chapter 15 Three Extra Tax Strategies	125	(12)
Part Four Legal Strategies
Chapter 16 Homestead Exemptions	137	(4)
Chapter 17 Land Ownership and Notice Requirements	141	(6)
Chapter 18 Landlord Liability	147	(10)
Chapter 19 Insurance	157	(6)
Chapter 20 How Not to Hold Real Estate	163	(8)
Chapter 21 How to Hold Real Estate	171	(12)
Chapter 22 Asset Protection Lessons	183	(10)
Chapter 23 How to Protect Your Primary Residence and Other Asset Protection Strategies	193	(8)
Chapter 24 Structures for Your Real Estate/Tax Considerations	201	(8)
Part Five Selection Strategies
Chapter 25 Property Analysis	209	(6)
Chapter 26 Legal Due Diligence	215	(16)
Chapter 27 Real-Life Selection Stories	231	(10)
Conclusion	241	(2)
Appendix A Resources	243	(2)
Appendix B Frequently Asked Questions	245	(10)
Appendix C Useful Real Estate Checklists	255	(1)
Buyer Disclosure Checklist	255	(2)
Seller Disclosure Checklist	257	(1)
Commercial Property Due Diligence Checklist	258	(2)
Environmental Due Diligence Checklist	260