Wealth Protection Secrets of a Millionaire Real Estate Investor [Paperback]

William Bronchick (Author)

Book Description

Publication Date: October 1, 2003

Successful real estate investors and entrepreneurs who've spent countless hours building wealth often see their profits dwindle due to an IRS hitch or other legal snag. After working so hard to be prosperous, investors need to know how to hang on and preserve their wealth. In a clear, methodical, and accessible way, Wealth Protection Secrets of a Millionaire Real Estate Investor outlines the steps and techniques to safeguard investments. Until now, William Bronchick's wealth protection secrets have been available only to attendees of his powerful seminars, who have consistently praised his cutting-edge, concise, money-saving advice. In Wealth Protection Secrets of a Millionaire Real Estate Investor, Bronchick shares his proven methods, including how to: *Use trusts for asset protection and tax savings. *Hire family members for tax deductions. *Create a paper trail to help during a lawsuit or IRS audit. *Defer income tax payments without a penalty. *Slash taxes through the use of corporate entities. *Gain protection from financial ruin in a divorce. *Understand the "secrets" of life insurance to minimize costs and financial risks. Also included are sample asset protection plans that can be easily modified. Smart real estate investors and successful entrepreneurs will get an indispensable collection of some of the best ethical and legitimate tactics for maximum wealth protection.

Editorial Reviews

Review

Bob Bruss gave Wealth Protection Secrets a "10" and an honorable mention as "a top real estate book of 2003." -- San Francisco Chronicle, December 14, 2003

About the Author

William Bronchick, Esq., is a nationally known attorney, author, entrepreneur, and speaker. He has spoken to tens of thousands of people at seminars and conventions nationwide, including the “Get Motivated” Tour and the Learning Annex Real Estate Expo. Bronchick has been featured in countless media outlets, including CNBC’s Power Lunch, Investor’s Business Daily, USA Today, XM Satellite Radio, the Los Angeles Times, and has served as the President of the Colorado Association of Real Estate Investors since 1994.

Product Details

• Paperback: 224 pages
• Publisher: Kaplan Publishing (October 1, 2003)
• Language: English
• ISBN-10: 0793177545
• ISBN-13: 978-0793177547
• Product Dimensions: 9 x 7.2 x 0.5 inches
• Shipping Weight: 13.6 ounces
• Average Customer Review: 3.3 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #956,123 in Books (See Top 100 in Books)

More About the Author

William Bronchick is an attorney and best-selling real estate author with 20 years experience. He is the president and chairman of the College of American Real Estate Investors and host of "The Real Estate Expert" radio show in Denver and Houston.

Customer Reviews

Most Helpful Customer Reviews

26 of 26 people found the following review helpful:

5.0 out of 5 stars Plain English explanations of complicated subjects, November 30, 2003

By 

"jcsnead" (St. Louis) - See all my reviews

This review is from: Wealth Protection Secrets of a Millionaire Real Estate Investor (Paperback)

Once again, Mr. Bronchick does an excellent job of taking complicated legal subjects and making them readable for the average person. I am an attorney as well, and I often recommend this book for clients to read as a primer to the subject (especially when I tell them what it will cost for an hour of my time to explain it!). There are a few books on the market on asset protection, but this is the only one that is geared towards the landlord or small-time real estate investor. One caveat for the reader- there are some sample forms in the appendix, but they appear to be for example only. One should always review these concepts with an attorney to make sure the forms are drafted to comply with the client's specific needs and appropriate state law.

22 of 22 people found the following review helpful:

5.0 out of 5 stars Another helpful and informative book from William Bronchick, September 18, 2003

By 

Justin Brown (Los Angeles, CA) - See all my reviews

This review is from: Wealth Protection Secrets of a Millionaire Real Estate Investor (Paperback)

After reading several books on the topic, I found this book to be the most helpful. This was one of the few books I've read on the topic that was geared specifically towards the real estate investor. Other asset protection books I've read are more generic in nature.

The topic of corporations and other legal entities is pretty dry and often hard to follow, but this book does a great job of making it simple and easy to understand. Although the book does give some free legal forms, it does not give you the specific tools necessary to accomplish forming entities. Then again, I don't expect an $18 book to teach me what a lawyer would charge thousands for. However, it gave me the necessary info to decide what to do next, which, after visiting with 2 lawyers who didn't know this stuff, was VERY useful!

I recently saw Mr. Bronchick speak at a real estate convention. I've been to a lot of seminars and heard a lot of hype, but Bronchick is a straight-up guy, giving no-nonsense advice. This is refreshing in an industry full of BS artists.

21 of 21 people found the following review helpful:

4.0 out of 5 stars Easy to read, good overview of the topic, September 19, 2003

By 

Jesse Sandoval (South Florida) - See all my reviews

This review is from: Wealth Protection Secrets of a Millionaire Real Estate Investor (Paperback)

This book was very reasy to read, considering the magnitude of the subject matter. Short, but to the point on a variety of topics involving real estate and small business liabilities. I particularly liked the sample asset protection plans laid out in detailed diagrams. The book also covered a lot of things NOT to do, such as "trust scams". There's quite a few legal forms in the appendix, but not enough information on how to fill them out and use them. For my purposes, however, the book gave me what I needed, which is a bird's-eye view and the background knowledge to visit with an attorney to implement the strategies. Anyone who expects a book give them 100% of the information necessary to draft complex legal documents involving all their assets needs a reality check.