Loopholes of Real Estate: Secrets of Successful Real Estate Investing

The latest in the Rich Dad's Advisors series is a look-before-you-leap guide to real estate investment. Author/attorney Sutton (Own Your Own Corporation) delivers a simple message: "real estate offers huge financial advantages to those who will learn the system." Yet it is the complexity of the system that affords such advantages, which Sutton does his best to explain clearly and dutifully with case studies and diagrams providing readers with a lot of useful information that is by nature hard to grasp. Those looking for easy solutions, as the term loophole might entail, will either be discouraged or enlightened by this book. Sutton's priority is educating the reader in a way that makes them better suited for the road ahead. The key to successful investing, he explains, is understanding where in the legal and tax structures these advantages exist and developing an ongoing strategy that makes use of them. This is no easy set of tasks but it's available to most anyone willing to make the commitment necessary for sophisticated investments. While Sutton diligently relays the overview of the various infrastructures at play, he defers when it comes to the strategy%E2%80%94which he reiterates is context dependent%E2%80%94and recommends seeking a team of advisors (he offers advice and resources on how to do so). More of an educational resource than a guide, the book is practical in its sincerity toward smart investing and, as a result, the first step toward successful investing. (Aug.)