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    Summary of Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate
    Summary of Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate
    Summary of Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate
    Ebook54 pages1 hour

    Summary of Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate

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    Please note: This is a companion version & not the original book.

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    #1 There are two types of real estate loopholes: those that can be opened and those that can be closed. From a tax standpoint, there are real estate loopholes to be opened. From the legal side, there are real estate loopholes to be closed.

    #2 Real estate offers great financial advantages to those who understand the system. It is easier to raise capital for real estate ventures than with other assets, such as stocks, bonds, and tax-deferred retirement funds.

    #3 There are three types of income: earned, passive, and portfolio. Earned is what you get after a long day of work. Passive is what comes to you from an investment such as real estate. Portfolio income is what comes from the dividends and increases in value of paper assets such as stocks, bonds, and mutual funds.

    #4 The point of this book is not to encourage you to invest only in real estate. The Rich Dad philosophy is to diversify and put your savings and earnings into three different areas: businesses, real estate, and paper assets.

    LanguageEnglish
    PublisherIRB Media
    Release dateApr 1, 2022
    ISBN9781669380887
    Summary of Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate - IRB Media

      Insights on Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 1

      #1

      There are two types of real estate loopholes: those that can be opened and those that can be closed. From a tax standpoint, there are real estate loopholes to be opened. From the legal side, there are real estate loopholes to be closed.

      #2

      Real estate offers great financial advantages to those who understand the system. It is easier to raise capital for real estate ventures than with other assets, such as stocks, bonds, and tax-deferred retirement funds.

      #3

      There are three types of income: earned, passive, and portfolio. Earned is what you get after a long day of work. Passive is what comes to you from an investment such as real estate. Portfolio income is what comes from the dividends and increases in value of paper assets such as stocks, bonds, and mutual funds.

      #4

      The point of this book is not to encourage you to invest only in real estate. The Rich Dad philosophy is to diversify and put your savings and earnings into three different areas: businesses, real estate, and paper assets.

      #5

      This book will help you understand the legal and tax advantages of investing in real estate. It will also teach you how to crunch the numbers on potential investments, make full use of tax advantages, and manage your investments.

      #6

      Becoming a successful real estate investor is within most investors’ reach. You can do it by specializing in one type of market, such as single-family homes or apartment complexes with a certain number of units, and in a geographic area familiar to you.

      #7

      The CASHFLOW Quadrant above is from the book Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom. It represents the four types of income earners: E is for employee, who earns their money by working for others and taking home paychecks. S is for self-employed, who work for themselves and are entirely reliant on their own productivity to produce a paycheck.

      #8

      Robert Kiyosaki, the author of Rich Dad, Poor Dad, learned the financial lessons of investing in the three asset classes from observing his rich dad, who was very rich and became a mentor to Robert.

      #9

      The easiest way to invest money in order to build an estate is by putting your earnings into stocks, bonds, and mutual funds. However, the most difficult method of investment is running a business with employees, which is dependent on your education, time commitment, and finding the right members to make up your team.

      #10

      Real estate investing is a lot less intimidating than business ownership, and it offers a much higher rate of return.

      #11

      The word loophole today refers to a technicality that allows one to get out of

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