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Product details
Paperback: 191 pages
Publisher: BiggerPockets; First edition (February 18, 2016)
Language: English
ISBN-10: 0990711765
ISBN-13: 978-0990711766
Product Dimensions:
6 x 0.5 x 9 inches
Shipping Weight: 10.4 ounces (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
208 customer reviews
Amazon Best Sellers Rank:
#16,142 in Books (See Top 100 in Books)
If you don't know the basics, this is a good book.If you know the basics of depreciation and deductions, you won't learn much.It was well written but dumbed down too much.
Because this is written by two CPAs with experience in real estate investing, I had higher expectations. I read it in two evenings and didn't learn a single thing new about tax deductions as a real estate investor. The information is good but there is absolutely nothing new here and everything could be discovered with a little research on the BiggerPockets web site. If you are just starting out with real estate investing, this is probably worth the investment.
In my humble opinion, this book has some basic common sense nuggets, some "hey, that's really helpful" nuggets, and some, "wow, that's incredibly insightful!" nuggets. You still need to find a great tax advisor but this book opens your eyes to the possibilities if you are willing to do your part.
This book is written from the perspective of a CPA who knows real estate investments. I write this because most CPA’s don’t have the knowledge (or share) what is communicated in this book. If you are a real estate investor, I recommend this book.
Overall a well written book. Touches on a lot of different topics from basic deduction such as mileage to the deeper strategies of tax savings such as self administrated Ira's.To me it lacked a little deeper insights into how many of these strategies work, which to be fair the book never promised.Overall well worth the read for those starring out investing in real estate be they flippers or buying to rent.
I like that the author reviewed different types of accounts including IrAs and sole 401ks but I have heard you can't own real estate in your name in an IRA and it must be an arms length transaction so I wish that would have been explained more. I am glad the author discussed business trips; now I can book them with confidence knowing how to plan them so that they will be deductible. Overall, I'm glad I read this book and would recommend it to someone just getting started :)
Book held my attention form beginning to end. After 46 years investing in real estate, nice too read a book that did not paint the picture totally rosy. At the end of the day lm bored after a couple of years off. The Real Property investment made it possible. I recommend this book for any new comer thinking about entering the business. I needed his information 46 years ago, I could have avoided a few pits.
This book reads well. Worth nothing that the topics covered here are also condensed on several websites/articles available on the web. In short, there is little in this book that you wouldn't have otherwise learned in an afternoon of surfing articles and forums regarding "landlord tax deductions." Otherwise, great book!
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