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A Must-read guide to real estate investing during turbulent times. Given the current state of the economy, you might be asking yourself if right now is the right time to be investing in real estate. With the third edition of "Getting Started in Real Estate Investing" as your guide, you'll quickly discover how a combination of commitment and caution can help you make it in today's market. Designed for investors who want to get started in real estate, but don't know where to begin, this reliable resource will help you break into this fast-moving field and build equity the right way. "Getting Started in Real Estate Investing", Third Edition addresses everything from selecting the right properties and becoming a landlord to using the proper tax strategies and finding the right professionals to work with. It also outlines issues you must be aware of in light of recent events, including the best ways to finance your real estate investments, considering the status of mortgage...
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From the Author:
new tax law changes all the rules
The "Taxpayer Relief Act of 1997" was signed early in August, 1997 by the President. Among the changes is a most significant one for real estate. The tax on sale of primary residences is now completely exempt from federal income tax on the first $500,000 of gain. This applies as long as you have lived in the house for at least two of the past five years. For investors, this points the way to many new and interesting strategies.
About the Author:
The "Taxpayer Relief Act of 1997" was signed early in August, 1997 by the President. Among the changes is a most significant one for real estate. The tax on sale of primary residences is now completely exempt from federal income tax on the first $500,000 of gain. This applies as long as you have lived in the house for at least two of the past five years. For investors, this points the way to many new and interesting strategies.
Michael C. Thomsett has written more than sixty books on investing, real estate, business, and management. He is the author of several Wiley books, including the eight editions of the bestselling Getting Started in Options , as well as Getting Started in Property Flipping and the two previous editions of Getting Started in Real Estate Investing .
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- PublisherWiley
- Publication date2009
- ISBN 10 0470423498
- ISBN 13 9780470423493
- BindingPaperback
- Edition number3
- Number of pages368
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