Customer Reviews

The Insider's Guide to Tax-Free Real Estate: Retire Rich Using Your IRA

5 star:		(5)
4 star:		(0)
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1 star:		(2)

 

 

This book was a great surprise! I thought that I was getting another book on IRA investing, but it was also informative about a new product that I had not heard of called the Solo 401(k). Really, this book is a must read for everyone...especially for people who have reached income limits for contributing to their IRA. It is also extremely helpful with ideas of how to purchase real estate within the self-directed retirement vehicle. I used the information in this book to redirect my investment goals!

I looked at the reviews for this book and I was surprised by several of the comments. I feel one must to look for the value the book provides from a real estate perspective. Language is tricky. Each of us can get catch up with the words, if we challenge the sentences and grammar and simple content. I'm concern the wording regarding Japan was taking out of content. I read these words and quickly went pass them because I am concerned with the components of the book as it deals with real estate investing. I feel the book adds substantial value to those looking to invest in real estate. Simply put, I rate the book a definite '5'.

This is a great book for individuals who have been thinking about finding alternative investments for their retirement funds. It seems that very few people understand the benefits of real estate investing from IRA's. TAX FREE WEALTH is a great asset. I am a real estate investor in Michigan. We have one of the worst housing markets in the country, with some of the lowest property values around, and our private investors (people who lend us money from their IRA) have been making money and a lot of money, from buy and hold strategies and even flip strategies. Get this book and start growing your wealth today.

What a good book! The authors probably provided the best explanation of the difference between defined benefit pension plans versus defined contribution pension plans. They say that in the past, all people had to do was to work for a big company for many years and their retirement would be guaranteed. This was true years ago when companies used defined benefit pension plans where they guaranteed a certain retirement income for retirees. Now, many companies only offer defined contribution pension plans where employees make fixed contributions but the company is not responsible for the outcome of the plan during the retirement. Since the employees bear all the risk, I believe that they should take charge of their retirement investments, and this is what this book is about.

This book helps people take charge of their retirement plans by teaching them about solo 401(k), solo roth 401(k), self-directed IRAs, IRA LLC, and Tax-Free LLC. If you have no idea what I just said, then you definitely need this book.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

This underrated book was a revelation for me...particularly the information about the Solo 401(k) and Solo Roth 401(k) - new as of 2006 - the self-directed IRA, IRA LLC, and Tax-Free LLC. The information is 100% relevant to the economic times we are in, and is absolutely essential for anyone who seriously cares about long-term real estate investing, personal financial planning, pension planning, and the tax implications of it all.

This book is for those who want to actively hone their investment skills and take more responsibility over their retirement plan, not those who want to let someone else handle it. For example, the book plainly states that you are an ideal candidate for self-directed IRAs provided you also build up the skills to make more money through your own investing. Otherwise you would be putting your retirement funds at risk through your own mismanagement.

I am on my second reading of the book now, and am typing up extensive notes just to solidify the information for discussion with our estate lawyer, retirement and tax advisors. I can't say enough good things about this book except to say I made my husband read it and I have been recommending it to all of our friends.

This book was written in 2006, when real estate was just beginning to collapse. They make some reference to that in the last chapter, but assure the reader property values have never actually declined, only slowed. I have no sympathy for people who dumped their retirement plans into real estate with the idea that values could never decline. Unfortunately we'll have to bail out all these idiots with higher taxes. Maybe they weren't idiots, just theives. Some who followed this book's advice to borrow at 100-125% of value just walked away with cash from a foreclosed house. I'm disgusted with these authors for promoting the very schemes that will ruin our economy.

I just got this book and started reading. On page vii, the author [Dr. de Roos] tried to explain why it is possible to invest in real estate without paying taxes, and stated:

"The second thing we need to understand is that the savings record of Western nations has become appalling. With the notable exception of JAPAN [Emphasis is mine], whose citizens diligently save an average of 16 percent of their income, the rest of the Western world is saving less and less..."

For heaven's sake, Japan is located in East Asia. How could it be categorized as one of the WESTERN nations? A mistake like this that is made by a person with a Ph. D is absolutely laughable and unacceptable.