Loopholes of Real Estate: Secrets of Successful Real Estate Investing

by Garrett Sutton

Overview

The Loopholes of Real Estate reveals the tax and legal strategies used by the rich for generations to acquire and benefit from real estate investments. Clearly written, The Loopholes of Real Estate shows you how to open tax loopholes for your benefit and close legal loopholes for your protection.

Product Details

ISBN-13:	9781937832223
Publisher:	RDA Press, LLC
Publication date:	08/06/2013
Pages:	352
Sales rank:	17,007
Product dimensions:	6.16(w) x 8.82(h) x 0.96(d)

About the Author

Garrett Sutton: Garrett Sutton is an attorney, best selling author and one of Robert Kiyosaki’s Rich Dad Advisors. A clear and engaging writer, Garrett demystifies legal topics and presents them in a very understandable and accessible manner.
Garrett has over thirty years experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals.
Garrett is the author of “Start Your Own Corporation,” “Writing Winning Business Plans,” “Buying and Selling a Business” and “The ABC’s of Getting Out of Debt” among other titles.
Garrett is the owner and operator of CorporateDirect.com, which since 1988, has provided affordable asset protection and corporate formation services, as well as resources for entrepreneurs and real estate investors. Robert Kiyosaki, the best selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct “the premiere source for asset protection strategies.”
Garrett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California’s law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad’s Advisors educational series.
Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama, and the Reno-Nevada based Sierra Kids Foundation.

For more information on Garrett Sutton, please visit his Web sites at www.sutlaw.com, www.corporatedirect.com, and www.successdna.com.

Editorial Reviews

12/23/2013
The latest in the Rich Dad's Advisors series is a look-before-you-leap guide to real estate investment. Author/attorney Sutton (Own Your Own Corporation) delivers a simple message: "real estate offers huge financial advantages to those who will learn the system." Yet it is the complexity of the system that affords such advantages, which Sutton does his best to explain clearly and dutifully with case studies and diagrams providing readers with a lot of useful information that is by nature hard to grasp. Those looking for easy solutions, as the term loophole might entail, will either be discouraged or enlightened by this book. Sutton's priority is educating the reader in a way that makes them better suited for the road ahead. The key to successful investing, he explains, is understanding where in the legal and tax structures these advantages exist and developing an ongoing strategy that makes use of them. This is no easy set of tasks but it's available to most anyone willing to make the commitment necessary for sophisticated investments. While Sutton diligently relays the overview of the various infrastructures at play, he defers when it comes to the strategy—which he reiterates is context dependent—and recommends seeking a team of advisors (he offers advice and resources on how to do so). More of an educational resource than a guide, the book is practical in its sincerity toward smart investing and, as a result, the first step toward successful investing. (Aug.)

Publishers Weekly

2013-09-01
Investing in real estate is as easy as understanding the tax code and personal-injury law, according to this informative but daunting primer, part of the Rich Dad Advisors series. Sutton (Run Your Own Corporation, 2012, etc.), an attorney, expert in business law and one of real estate–investment guru Robert T. Kiyosaki's stable of Rich Dad Advisors, offers clever, if complicated, new ploys to grow and safeguard a fortune. He begins with a motivational sketch of the cash-flow investment doctrine popularized in Kiyosaki's Rich Dad Poor Dad--buy rental properties with borrowed money; rake in cash from tenants; leverage the equity to buy new properties; repeat until rich--but focuses on the labyrinthine "loopholes" that make the formula tenable. The first kind involves subtle tax dodges that add greatly to the profitability of property investments--everything from "cost segregation" depreciation to "passive loss" allowances to the "1031 exchange." The flip side of amassing real estate wealth, the author continues, is protecting it against lawsuits, especially those filed by tenants. Sutton therefore explores another suite of legal loopholes for sheltering assets from court judgments, including insurance, limited liability corporations that distance owners from their wealth, and the tactic of loading properties with debt so they are less tempting targets for plaintiffs. There is plenty of arcane tax, legal and corporate-structuring lore here, but Sutton explains it in admirably lucid, straightforward prose supplemented with entertaining fictional case studies, including a picaresque involving an alpaca ranch, a moonshine still and whiplash payouts. Readers will learn a lot from the book, though not quite enough to master the subject; Sutton stresses that a team of expert "advisors"--a lawyer, broker, accountant, insurer, property manager--is indispensable for guiding investors profitably through the legal/financial minefield. The book cuts against the grain of Kiyosaki's cash-flow populism, his credo that real estate investment, not earned income, is the little guy's road to riches. Here, the investor is the almost vestigial figurehead for the army of business-service professionals who do the legwork. Still, novice investors will find it an excellent road map for getting started. Readers looking for easy money may be discouraged by Sutton's demonstration of just how complex real estate money can be, but others will find helpful guidelines, tips and tricks presented in a clear, engaging style.

Kirkus Reviews