Finding wealth through investing in property depends on knowledge, a good plan and building a team of advisors and mentors who can provide expert guidance. By examining the three keys to successful real estate investing - selection, taxation and protection - this book shows what it takes.
I have personally worked with Diane Kennedy and she knows her stuff! This is a great book for those wishing to pursue real estate investments. Keep in mind that the rules(laws) change rapidly so some of the info may be a step behind.
Mr. Kyosaki has a great postulate - parents who know how to use $ as a tool teach their children (or surrogate children in his case) the same. BUT, although he admits his writing is on theory, not technique, he oversimplifies techniques, leverage, and accounting. I surmise there are a lot of bankrupt families that got caught up in the Rich Dad/ Poor Dad fervor. Mr. Kyosaki makes his money selling books, not creating cash flow quadrants with a real estate "house of cards".
This book is inane. Stupid. Absurdly repetitious. A complete waste of time. I read most books while sitting on the crapper and this one was no exception. But I would really like to have that time back. I feel it was wasted. (Pun(s) possibly intended...)
Now, if you hung rapturously on ever word of "Who Moved My Cheese", this book is for you. It is even dumber than WMMC.
I am not sure you could get much worse or incomplete advice from a Nigerian trying to foist his "inheritance" on you.
Some of the ideas given in this book sound "too good to be true". Are they legal in your state, under certain conditions, or only for certain people? Is some of the information obsolete? i.e., the law has been changed, etc.? All things that require more specific information, and this book is not going to help you find it, but it might give you some ideas that could help you limit liabilities and make the most of your money if you aspire to become a landlord, real estate investor, etc.
Finding wealth through real estate investing depends upon knowledge, a good plan, and building a team of advisors and mentors who can provide the expert guidance needed. By examining the three keys of successful real estate investing--selection, taxation, and protection--Real Estate Loopholes shows what it takes to make a real estate investment work.
Pretty in depth book about the loop holes of real estate. Went into some pretty specific scenarios with tips and tricks along the way. For anyone interested in investing in real estate whether it's for cash flow or capital gains I recommend this book and especially the author.
I don't think this book is bad after all. There are different strategies for each individuals to take and it would not have the same affects for everyone.