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

 Rating 4
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80% Recommended by our customers.
Publisher: Business Plus
Catalog: Book
Release date: 2006-11-14
Media: Paperback
Number of pages: 288
Ean: 9780446694117
Book Isbn: 0446694118
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Authors:
Sharon L. Lechtersee more Books by Sharon L. Lechter
Garrett Suttonsee more Books by Garrett Sutton

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Professional Review:
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!

User Reviews:
 Rating 5   Written on January 26, 2007
   Summary: Great book! Lots of info worth every cent
I have to say this book is very well written. The authors covers a lot of ground and gives you great examples on how to get the most of your money from real estate by giving the least to uncle sam! Highly recommended for beginners looking for a start in real estate.

 Rating 5   Written on January 9, 2007
   Summary: Good for a beginner
I have really enjoyed rich dad's Real Estate. I must say that I am a beginner when it comes to real estate.. but I thought the book was very well written and coved a lot.

 Rating 4   Written on November 27, 2006
   Summary: Lots and lots of info
(Available in both book and audio--reviewed as an audio)

Whether you are new to real estate investing, or a seasoned real estate investor looking to maximize your returns, Rich Dad's Real Estate Advantages has something for you.

Beginning with very basic real estate investment tactics such as the 1031 exchange and increasing buying power with the bank's money, and gaining in complexity to taking advantage of tax code and decreasing legal risk, this book continues the tradition of good advice the Rich Dad system is known for.

The audio book version is read by Garrett Sutton, ESQ, one of the authors, with a forward by Robert Kiyosaki (the Rich Dad guru) and Sharon L. Lechter, CPA. The audio is of fine quality with no variation in sound level and Sutton reads it flawlessly. The CDs, whether intentionally or not, also seem to be broken into the three components of the book: introductory real estate investing, tax strategies, and legal strategies, so it would be relatively easy to re-listen to specific sections.

I would say that this book is so full of information that I felt I should be taking notes. Probably, listening multiple times would suffice, but many investors would like to reference specific sections and may prefer the hard copy rather than the audio. Someone just beginning, especially someone who commutes and can listen daily, will see the advantage of information repeat that the audio provides.

Armchair Interviews says: A good book--but this audio format won't be appropriate for everyone.


 Rating 5   Written on November 24, 2006
   Summary: Smarter Investing using Tax Free Advantages
This book is designed to help you develop a smarter real estate acquisition plan. It shows how you can look hard at your assets and liabilities and develop a leverage plan for purchases and a tax advantage plan to maximize your cash flow. There is some good advice on networking, mentoring, joining a local real estate club and building a team of advisors. The explanation of tax strategies, depreciation and insurance is not as strong or in depth as I'd liked to have read. However the chapters on tax-free exchanges are very enlightening; especially to those of who have read about it but have been afraid to do a 1031. The book also offers other good advice on homestead advantages and responsibilities for legal due diligence. The strength of the book for me, and probably most other investors who have less than 10 properties, is (1) the advice on asset protection; e.g. use of a Limited Liability Corporation, and (2) smart use of the tax-free advantages in 1031 exchanges. I strolgy recommend it for those who have a few properties and are ready to make a bigger bolder move in real estate investing.

 Rating 5   Written on November 17, 2006
   Summary: Do you want to be rich? Then read this......
I highly recommend Real Estate Advantages to anyone who wants to be rich. You will find out how the rich are getting richer. It is a must-read book for anyone who is serious about getting out of the "I owe, I owe, so off to work I go" Rat Race.

Sharon Lechter and Garrett Sutton really have done us all a big favor with this well-written book. It is easy to understand and filled with real life, practical success stories for investing in real estate.

Comparison map
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Our price$12.23$11.53$12.21$12.21$13.57$11.53
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Lowest new price$7.20$5.94$6.88$7.18$8.95$6.75
Collectible price$100.00$16.95$17.95$17.95$19.95$16.95
CatalogBookBookBookBookBookBook
Release date2006-11-142004-09-012000-04-012001-102000-062000-04-01
MediaPaperbackPaperbackPaperbackPaperbackPaperbackPaperback
Number of pages288224251317403207
Ean978044669411797804466918409780446677479978044667861297804466774629780446677455
Book Isbn044669411804466918440446677477044667861904466774690446677450
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