Every year, many rental property investors overstate their net income. This results in a higher than needed tax bill. Jamaican Billionaire Michael Lee-Chin once remarked that in order to be a successful investor, one needs to "minimize their taxes. The book provides readers with a step by step guide to acquiring their first multifamily property, how to finance a deal of such scale, and how to eventually exit the investment.
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Popular Courses. Login Newsletters. Alternative Investments Real Estate Investing. Related Articles. Partner Links. After working through the four stages of real estate investing, the reader is able to clearly envision their own success. The only thing this book lacks is some of the advanced tips that you can find in others. The Book on Rental Property Investing is written by a real estate investor and provides detailed advice and strategies that he learned from years of experience accruing wealth through rental properties.
This book provides solid real-world advice on real estate investing. The author gives good details on various rental property investment topics. When I was looking to pull the trigger on my own property purchase, I found myself using this rental property investing book as a reference more than once. The Book on Rental Property Investing is more of a comprehensive guide for people who are interested in learning more about finding rental properties, tenants, and screening practices, and how to get the most out of a rental property investment.
I found this real estate investment book to be very informative and helpful. The entire point of this book is to help you get your hands on money for your real estate deals. Real estate investing has been proven to build wealth when done right. But it is hard to get the money to get started on your own. Not many people have enough spare money to buy a second property without borrowing some or all of it.
I know I needed to borrow for my first property. And this book was essential in getting that money at the best rate possible. Getting the Money provides the reader with the clear framework needed to raise the private capital needed for real estate. This inspiring property financing book talks about the author's first-hand experience in using creativity and a genuine personality to raise millions of dollars for investing in real estate. This book has useful tips and tactical information to use for closing a deal. If you need to raise any private money for your investments, you are going to want to have read this book before you try to negotiate for your money.
Harry S. Dent Jr. With his urgent warning about the upcoming financial crisis, he uncovers the bright side that provides financial investors a rare opportunity to accrue wealth. Given this supposition, Dent walks us through how to identify the cycles that drive financial booms and falls. Dent conveys information that is both historical and current as this page-turner recaps historical cycles and uses them to project the state of future financial markets. This is a very interesting read. If Dent is wrong about the coming bubble bursting, it still lays out a solid case and teaches us about historic economic cycles.
However, if Dent prove to be correct, this book could be worth its weight in gold x Learning how to not only prepare for economic downturns, but also position yourself to take full advantage of these downturns can leave you scooping up loose cash with a shovel while others are jumping out of buildings. This practical guide provides investors with the necessary tools to make educated decisions to gauge the potential worth of investment properties.
This is a great read for both seasoned real estate investors and those who are just getting into the business. Written as a straightforward guide, Berges carefully walks readers through each stage of analyzing properties for their potential value. This book is a bit complex, with case studies that are meant to be useful for seasoned investors. However, this real estate investment book covers all of the important points when it comes to real estate financing.
It clearly shows readers many important considerations they need to be aware of prior to making investment decisions. After all, the starry-eyed dream of living off of real estate investments is a wonderful one—but there are potential financial risks involved. Berges does a great job of helping us navigate around those risks.
This book focuses on mastering numbers to succeed at real estate investments. As a revised and updated edition of the original book, this is relevant to the present market. This new edition provides updated and current discussions of how to gain capital as well as an internal rate of return.
With the explanation of basic formulas, readers learn to measure principal aspects of their real estate investments, such as cash-on-cash return, return on equity, net present value, discounted cash flow, and net operating income. Written in an entertaining and exciting manner, readers are able to find many innovative and useful ideas in this book to help make worthwhile real estate investments.
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With over three dozen key concepts presented, readers learn rules of thumb that can be used as points of reference to evaluate potential investment properties. Also, the methods that the author uses and explains are consistent with general business practices, while also providing insight into the impact of accounting rules on taxable income and industry-specific financial ratios.
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The author also provides examples of relevant math, including calculations within each chapter. The reader is given a problem to solve, which can then be checked against the solution provided by the author to help test the reader's knowledge. This is a quick and easy read, with humor sprinkled throughout to keep the reader engaged.
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There is not much fluff in this book. It gets straight to the point, quickly and painlessly. It is a very helpful guide to financial cash flow. Math has never been my strong suit. While I did take a class in accounting in college, I would say I am about as far from being an accountant as is humanly possible. One of the things I loved about this book was that it was about the finances of accumulating multiple homes, but did not make me feel mathematically inept. It is a great read for people of any financial background, as it talks about how just about anyone can accumulate multiple houses debt-free while earning a steady income indefinitely.
This real estatebook is different from others, as it focuses on making housing investments in high-caliber neighborhoods with a nine-step program for success. Some highlighted tips include renting to long-term tenants, providing them with financial incentives to pay rent on time, avoiding falling for deals that are "too good to be true," and a year plan to be debt-free. This property investment book offers traditional investment principles that have made people successful for years. It does give its main focus to single-family homes, as they are typically easier to buy and resell than commercial properties.
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For the small amount of new investors interested in other forms of property, this book lacks strong advice. John is really just spending his time wisely by teaching the best advice to the most people. Come April 15 th or 18 th this year , you will be glad you had this book in your real estate tool bag.
This book's main focus is on tax planning concepts. With complicated tax laws, people often miss out on opportunities to reduce their taxes and gain wealth.
Wheelright aims to help readers understand the basic principle of taxes so they are not intimidated by the process. The long-term goal of this book is to have readers be able to have the ability to legally eliminate all income taxes, thereby living a life of "tax-free wealth. I agree that this is true, but that is an issue of style, not substance. When Wheelright does get to his points, they are all great ones, and they will certainly be useful in helping you keep more of your money—which is the whole point of this book!
Tax Free Wealth will pay for itself many times over come tax day.
How To Get Started Real Estate Investing With Just $
It not only gave me ideas for my real estate investing, but also some ideas for my book business. It has plenty of good information on how to protect your business and pay lower taxes. This real estate investment books is designed to help people who are interested in getting involved in the property business, but who don't have much money to put up front.
It touches on subjects such as:. The book is rich with hypothetical examples that get right to the point of explaining various scenarios the author cooks up. With a lot of solid ideas, this is a useful read for beginners who have yet to learn about various strategies. This is not a book for those looking for super subtle nuance or advanced tips that will help them get more out of borrowing from lenders.
It is perfect for what it is, however—a basic guide to teach anyone new to the concept of borrowing for real estate investing how to completely understand all the related intricacies. After reading this book, you will know how to get your loan approved and get the best deal humanly possible.