Summary of Garrett Sutton & Robert Kiyosaki's Loopholes of Real Estate - E-book - ePub

Please note: This is a companion version & not the original book. Sample Book Insights: #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.