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Others say...
"A Solid Foundation for launching a RE Investing career..." Of all the Real Estate "How To" books and programs I've purchased over the years, one thing was always lacking...the legal aspects of holding and protecting the property. A few may have touched on it, but nothing as meaty as this book. Very informative and easy to understand. Buying real estate without reading this book would be like going into combat without weapons and body armor...at some point you're going to end up getting killed ( or sued ). In this day and age where people are suing fast food restaurants for making them fat, or cigarette companies for giving them cancer, don't think some tenant won't sue you some day for something equally as stupid. This book is super cheap insurance...buy it if you're seriously considering real estate investing.
"Road to sucess!" The money you will save buying this book will save you thousands!It is a reference book that help you avoid all the common tax and legal problems when investing in real estate.
"The ultimate get started book" This has been one of the best books on real estate I have ever read. I am just about to get started and will definately put this book into action. It is hard to get all of the topics for real estate into one easy to read format, but the Rich Dad advisors have done it and with a little flare. It is an easy read and good for anyone serious about getting started or if you have made mistakes along the way.
"Great Stuff for the Money wise!" Full of great information if you want to know how to avoid costly mistakes for managing your excess funds.
"A big disappointment..." Unfortunately the book didn't uncover any "secrets" whatsoever as the title alludes to. The information contained in this book is very basic. I found one major problem with the text in that it encourages "component depreciation". My research and understanding is that this was clearly outlawed in the US in the 1980s. When I contacted the publishing company for clarification, no one would answer this simple question (for two months before I gave up trying to get an answer they said Sharon Lechter was on vacation with no access to phone or email).
If this book was filled with high quality ideas, I would have overlooked an error or two and given it 4 or 5 stars. But that wasn't the case as I've only been in the real estate game for a short time and already knew most of what is contained in this text. All in, this book isn't even worth the $5 +shipping I paid for it used....
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Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
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List Price : $17.99
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What our customer's say!
"Excellent starter for investors looking at the long-term", I bought my first property just before I purchased this book. I received it just before an international business trip, and didn't get any sleep on the flight because I was pouring over the basic concepts and ideas that fill this wonderful book.
If you are already in real estate and know the basics, you may not need this book. If you already have your team of advisors and know who to go for when you have questions, you may not need this book. If you understand the differences between LLCs and LP and why one is better in California than in Nevada, you may not need this book.
For most beginning real estate investors, this book is just the right amount and just the right speed to get started. Garrett and Sharon don't look at the buy-and-flip models, but rather at the advantages of staying in real estate, building a portfolio, and intelligently upgrading your properties (1031 Exchanges). They also go over the long-term planning aspects of inheritance and how to move your properties to family members with minimal taxes. They don't profess a silver bullet, but rather a rational plan to financial success through real estate.
Verdict: Highly recommended.
"Great motivational and informational book", What can you say? It's another rich dad book. Very informative and written primarily by professionals with an in-depth view. The book is a good read for anyone. It gave me a lot to think about and some things to discuss with my team. No dull spots in this book. Read it cover to cover in a few days. Worth reading twice.
"A Very Good Book", It certainly should be in your library. You're sure to find at least one or two nuggets that will more than pay for the book.
Perhaps you'd like to look into this one too:
The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording.
"The First Book to Truly Teach Real Estate Method", This book does for real estate investing what Pimsleur does for language learning: it teaches you to speak the real estate language, to ask knowledgeable questions, and to make informed decisions.
I have been through dozens of books, tapes, and CD programs on investing in real estate. Some are strictly motivational with little useful information. Others are like reference works and cannot be read from beginning to end. Still others hope to be meaningful forever and so dare not give you anything too current, or disputable and likely to change. Lechter and Sutton, however, wrote a book to turn a dreamer into a real estate investor. If that's what you still want at the end - but you have all the info to make the decision. Other reviewers might say that there are no "secrets" in this book - true, I suppose - but if YOU don't have a tutor for the subject, then for YOU common knowledge is a secret!
The authors give separate advice for dealing with primary residence and for investment properties. Most other books blur these separate cases. Special cases where individual state law might differ from the general situations are pointed out. Case studies and repetition are used throughout - much like Pimsleur uses conversation in each language lesson. The reader brings everything learned earlier to each case, but is stretched just a bit to see why each case is unique. Each chapter builds on prior chapters. Included is the required amount of math, but this is clearly not a math book. On the contrary, it is an enjoyable read cover-to-cover. Some of the material is current as of 2006 and this is clearly noted. I hope this book gets updated every few years.
While technically part of the Rich Dad series, the book stands on its own. The reader is fully aware of the few tacked-on references to the Rich Dad philosophy.
This book is a must-read for anyone thinking about a career in real estate investing in all its forms. Consider it the second book you read - after something like "Home Buying for Dummies."
"Loaded with Helpful Strategies ", Very informative. This book is full of great strategies of how to maximize your return and how to protect your real estate investments and retire comfortably. You will learn how to choose the right asset protection for your investments, how to maximize your real estate investments to your retirement advantage, the use of 1031 exchange to pass on assets to your kids without paying capital gain tax, how to mix and match business entities if you have multiple RE investments in different states, learn the advantages and disadvantages of a Nevada, Wyoming, California, Texas corporation or LLC. After reading this book, I attended a seminar with the co-author lawyer, Garrett Sutton, at a National Real Estate Investment Club Expo in L.A Convention Center. We had a Q&A after his presentation. This guy really knows his stuff. He seems to be a nice and humble person. If you are a RE investor or thinking of becoming one, I highly recommend this book. I also recommend that you consult with his office for asset protection. He does business over the phone for all states. You can also get lots of tips and info in Garrett Sutton's websites.
You might need this... Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors) details..
|  Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors) details..
|  Cashflow Quadrant: Rich Dad's Guide to Financial Freedom details..
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 Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! details..
|  Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! details..
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Read this reviews before You buy...
"Useful introductory general stuff", Much better written than the rambling and multiply-repetitive Kiyosaki books in the 'Rich Dad' series, this one is a useful basic primer on the Real Estate business. A nice Intro.
"A Rich Dad book with solid information", Rich Dad has a series of books, with the best selling one mainly a motivational one. This book is an exception, it actually offers practical advice and tips on how to properly setup real estate investments and corporate assets. Not just how to motivate you with words.
-Matt Illustrator for the Ultimate Foreclosure Kit (ISBN 0978834658)
"Fantastic Book", Read it all in one sitting. Full of great information, with easy to read format and lots of real life examples.
"Public libraries with heavy lending in investment topics must have this!", The 'Rich Dad' financial advisor series is a consistent, top-rated series on investing and Rich Dad's Real Estate Advantages is no exception: it offers both first-time and seasoned real estate investors a game plan for understanding exactly how real estate investing works, from tax loopholes and financing arrangements to learning how all work together to maximize income and profits. A CPA and corporate attorney join forces here to provide a collection of real-world strategies and formulas that can reduce risks and create reliable monthly income. Public libraries with heavy lending in investment topics must have this!
Diane C. Donovan California Bookwatch
"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.
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