Tax Secrets of Millionaire Real Estate Investors (Paperback)

~ (Author) "When the average person thinks of taxes, they usually think of income taxes..." (more)
Key Phrases: Tax-Free Exchanges, Using Installment Sales, Crammer Accountancy (more...)

Editorial Reviews

Product Description

Real estate investment is the best tax-advantaged road to wealth available today. Through depreciation, real estate investments have the potential to provide tax-free income for years, even shielding other income from taxation. And when the time comes to sell off the investments, capital gains taxes can even be legally deferred or eliminated—that is, if investors know the secrets.

Richard T. Williamson, Esq., a renowned real estate attorney, has compiled these tips and more into a nontechnical, straightforward look at how individuals can use the tax code to their advantage. From the simple to the sophisticated, the author explores various tax deferral and elimination methods, discusses the pros and cons, and gives examples of how they work in everyday practice.

Geared toward real estate investors, apartment building owners, developers, Realtors, financial planners, and accountants, Tax Secrets of Millionaire Real Estate Investors explains how readers can:

• Build wealth tax-free.
• Shelter real estate income from taxes.
• Buy and sell real estate without being taxed.
• Minimize taxes on final divestment.
• Create tax-advantaged streams of income at retirement.

Tax Secrets of Millionaire Real Estate Investors describes commonplace tax-deferral devices like installment sales and 1031 exchanges, as well as the lesser-known private annuity trusts and charitable remainder tax-advantaged trusts. Williamson also includes case histories, sample forms, relevant IRS codes, and sample IRS forms and publications.

About the Author

Richard T. Williamson, Esq., is an attorney, real estate broker, and real estate investor. His specialty is real estate capital gains tax planning, and he has counseled and advised hundreds of investors on everything from small residential rental properties to large commercial investments and multi-million-dollar sub-divisions. He provides continuing education to California Realtors and is a qualified intermediary for 1031 tax-deferred exchanges. Williamson is a continuing advisor on real estate tax articles for the Wall Street Journal and has had his work featured in the Los Angeles Times. He contributes articles to real estate–related publications nationwide. Williamson holds a bachelor’s degree in business from the University of Southern California and a Juris Doctor degree from Southwestern University School of Law.

Product Details

• Paperback: 256 pages
• Publisher: Kaplan Business (December 1, 2004)
• Language: English
• ISBN-10: 0793193621
• ISBN-13: 978-0793193622
• Product Dimensions: 8.9 x 7.1 x 0.7 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #659,418 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

11 of 13 people found the following review helpful:

5.0 out of 5 stars Perfect!!, January 22, 2005

By	Mr Informative - See all my reviews

Finally, a book that makes the IRS easier to understand. Through his real life examples and charts, it's made easy for me. After reading this book, my family & friends now think I'm an expert. I'm telling my accountant what I need to do! Who would of thought? I highly reccommend this book.

6 of 8 people found the following review helpful:

5.0 out of 5 stars Los Angeles Times review was on the money!, August 2, 2005

By	Broker Lady (Southern California) - See all my reviews

After reading a review of this book in the Los Angeles Times I went and bought this book for myself. I skimmed over the various chapters and have read the ones that were most important to my situation. I certainly agree with the very favorable review it received in many ways. But, most importantly, you don't have to be a millionaire investor to get a wealth of information that this book provides. Easy read, too!