Product Description: This guide from bestselling real estate authors de Roos and Kennedy shows you how to use tax-free retirement funds to invest in real estate. Using real estate IRAs, you can combine the tax benefits of retirement funds with the high rates of appreciation in the real estate market, growing your retirement investments by leaps and bounds. This handy book shows you how.
Also, surprised by this book I looked at the reviews for this book and I was surprised by several of the comments. I feel one must to look for the value the book provides from a real estate perspective. Language is tricky. Each of us can get catch up with the words, if we challenge the sentences and grammar and simple content. I'm concern the wording regarding Japan was taking out of content. I read these words and quickly went pass them because I am concerned with the components of the book as it deals with real estate investing. I feel the book adds substantial value to those looking to invest in real estate. Simply put, I rate the book a definite '5'.
Laughable errors... I just got this book and started reading. On page vii, the author [Dr. de Roos] tried to explain why it is possible to invest in real estate without paying taxes, and stated:
"The second thing we need to understand is that the savings record of Western nations has become appalling. With the notable exception of JAPAN [Emphasis is mine], whose citizens diligently save an average of 16 percent of their income, the rest of the Western world is saving less and less..."
For heaven's sake, Japan is located in East Asia. How could it be categorized as one of the WESTERN nations? A mistake like this that is made by a person with a Ph. D is absolutely laughable and unacceptable.
written at top of bubble This book was written in 2006, when real estate was just beginning to collapse. They make some reference to that in the last chapter, but assure the reader property values have never actually declined, only slowed. I have no sympathy for people who dumped their retirement plans into real estate with the idea that values could never decline. Unfortunately we'll have to bail out all these idiots with higher taxes. Maybe they weren't idiots, just theives. Some who followed this book's advice to borrow at 100-125% of value just walked away with cash from a foreclosed house. I'm disgusted with these authors for promoting the very schemes that will ruin our economy.
The Insider's Guide to Tax-Free Real Estate: Retire Rich Using Your IRA This book was a great surprise! I thought that I was getting another book on IRA investing, but it was also informative about a new product that I had not heard of called the Solo 401(k). Really, this book is a must read for everyone...especially for people who have reached income limits for contributing to their IRA. It is also extremely helpful with ideas of how to purchase real estate within the self-directed retirement vehicle. I used the information in this book to redirect my investment goals!
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