Product Description

How you can realize the dream of tax-free real estate investment

Record numbers of investors are choosing real estate as a safe alternative to the stock market. In How to Invest in Real Estate and Pay Little or No Taxes, an expert acquaints investors with exemptions, exchange rules, and other tax shelters you can use to increase your ROIs by as much as 40 percent annually. Hubert Bromma clearly explains how they work and shows you how to use them to:

• Never pay taxes again on real estate investments
• Exchange their way to tax freedom
• Pay for college through tax-free real estate deals
• Use tax-exclusion credits when they mean the most
• Protect real estate investments from creditors
• Retire early and wealthy through tax-free real estate investments

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Product Details

• Amazon Sales Rank: #495194 in Books
• Published on: 2004-12-22
• Original language: English
• Number of items: 1
• Binding: Paperback
• 250 pages

From the Back Cover

Live the dream of tax-free real estate investment!

With proper planning, you can avoid paying tax on your real estate investments. That means you get to keep more of your hard earned money to spend and invest as you see fit. How to Invest in Real Estate and Pay Little or No Taxes examines exemptions, exchange rules, Limited Liability Corporations, IRAs, trusts, 401(k)s, special IRS and Department of Labor exemptions, and other tax shelters you can use to increase your ROI by as much as 40% annually. He clearly shows you how to use them to:

• Never pay taxes again on real estate investments
• Exchange your way to tax freedom
• Pay for your kids' college through tax free real estate deals
• Use tax exclusion credits when they mean the most
• Protect real estate investments from creditors

"As a CE Certified Real Estate Instructor I can attest that this is the best idea to help us build our Retirement Plans tax deferred or tax free."--Kim Coit, Real Estate Attorney

"Hugh Bromma is THE EXPERT on tax free and tax deferred investing. This book is worth ten times its weight in gold."--Jim Hogan, President, Hogan School of Real Estate, Inc.

"Learn what is in this book, and save 1,000s to 100,000s of dollars!  It's that simple."--Scott Whaley, Owner/President, RealWealth Expo

About the Author
Hubert Bromma is Chief Executive Officer of Entrust Bank and Trust Company, and Entrust Administration, Inc. the purveyor of the largest network of self directed plan administrators of tax deferred and tax free plans in the United States. He is an acknowledged national expert on tax law changes and the creative uses of tax-advantaged vehicles.

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Customer Reviews

Useful Reference Book with Sound Strategies
This book will open your eyes to new ways of securing and increasing your assets tax-free. There are many details and step-by-step examples and different scenarios. If you are thinking of doing a 1031 like-kind exchange - this book will take you through the process and give you concise instructions on how do it and what mistakes to avoid. If you are interested in self-directed IRA's - keep in mind that you can use your retirement plan to invest in real estate. The author walks you through using your 401(K), your IRA, your HSA, and other vehicles to increase your portfolio by buying assets, including real estate.

If you want to own rental property, there is a way to have your self-directed IRA own it in its portfolio. If your IRA doesn't have enough money to purchase the entire property, you can borrow cash outside the IRA to purchase the property. The book shows how to draw up a Buy Letter under those circumstances. If you will be receiving rents from the property, you can hire an outside property manager, rather than having your IRA plan administrator do the work. But there are strict conditions and this book outlines them.

If you invest in real estate at all, or are thinking about it, this book is a definite must-read and could potentially save you thousands of dollars!

Other sources are better for 1031 information
Perhaps the author is much more gifted as a seminar speaker than he is as a writer. I think the book could use a re-write in which the repetitive information is eliminated, and the remaining material is cleaned up, possibly following the suggestions of Strunk and White as described in Elements of Style. The 1031 exchange information comprises 22 pages of the 244 page book, and I was particularly disappointed with this section. The author went into useless detail when describing the hypothetical examples; his character, Lisa, needed to paint and carpet her old building before putting in on the market -not relevant! In the next example, Roger's exchange was given such cursory treatment that the author failed to calculate the new basis for the replacement property correctly, inserting an erroneous figure into table 6-2. If you want to put investment real estate into your IRA or 401K, then this book may have merit. However, a quick internet search of "1031 exchange" will yield many more useful explanations than this book provides.

Good guide
This one may not get you 40% but it does tell you a unique trick with the IRAs. you can flip real estate over and over again without paying immediate taxes. the downside? you can't withdraw your earnings but for long term, it is awesome. the book talks about tax liens being used for IRAs, though I agree with that, do not use this book to learn about tax liens or tax sales, or you're gonna get burned. read up on Investing Without Losing (ISBN 0978834607 NOT on amazn, other stores) or something similar.