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Learn how to avoid the costly mistakes on your way to building up your nest egg through real estate investing!
List of contents
CONTENTS Figuresvii
Tablesix
Introduction: What This Book Will Do for Youxi
1. The Nature of Real Estate Investing1
2. Getting Started in Rental Property Investing19
3. Cash Flow: The Essence of Rental Real Estate51
4. Picking the Best Investment for You71
5. Bookkeeping Basics for Rental Property91
6. Keeping Track of Real Estate Transactions123
7. Creating a Timely and Efficient Accounting System139
8. Handling Depreciation for Rental Properties157
9. Understanding the Tax Rules for Real Estate183
10. Tax Reporting for Annual Income and Expense197
11. Including Real Estate in Your Portfolio227
Glossary241
Notes245
Index247
About the author
Michael C. Thomsett is a financial writer and author whose books include
Getting Started in Options,
Getting Started in Real Estate Investing, and
The Real Estate Investor's Pocket Calculator. As a landlord, he has successfully owned and managed as many as 12 properties at a time.
Summary
This book walks you through every important step, from spotting smart investments to taking advantage of tax breaks and loopholes.
With rental prices climbing, vacancy rates low, and property values rising, real estate investing has become a tempting option for achieving financial security. The fixer upper shows today that make it look so easy—simply buy a property, fix it up, and then rent it until you’re ready to sell for a profit—has the number of real estate investors is growing, but the same can’t be said for all their bank accounts. The reality is that real estate can be confusing, requiring in-depth financial and tax knowledge that most newcomers lack
With clear language and updated forms, worksheets, checklists, and formulas, Rental-Property Profits explains how to:
- Evaluate risks and opportunities in a post-recession market
- Determine if you qualify for an investor loa
- Calculate cash flow and maintain healthy levels
- Establish sound bookkeeping and accounting systems
- Handle rental property depreciation
Real estate investing is not as easy as it looks on TV, but it also doesn’t have to be risky. With this self-guided manual by your side, avoid the costly mistakes that many before you didn’t see coming, and build the nest egg you deserve!
