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Monday, May 01, 2006

Best Rental Property Books

If you are looking for a great source on information on taxes and rental properties, I have some recommendations for you. I have just finished reading both of these books and between the 2 of them I feel they have answered all my tax questions regarding my rental property and then some.


Every Landlords Tax Deduction Guide
By Stephen Fishman, Nolo Books
This was the best book I have found yet to give a great, practical end to end guide of taxes and rental properties. This book answered 95% of all the questions I had during my tax preparation regarding my rental property. It was full of examples that I found especially useful. The perfect all purpose book.


Aggressive Tax Avoidance for Real Estate Investors
By John T Reed, Self-Published
I actually read this book 1st and was disappointed. After reading Every Landlord's Tax Deduction Guide, I reread this book and felt it was a great compliment. I realized that this book is definitely tailored to someone who is already familiar with the ins and outs of taxes and rental properties. The real value of this book is giving you perspective in what can and can not be written off from a rental property. I personally loved a decision tree documented by the author that shows the net present value of a judgmental area in an example tax preparation for a rental property (guess that's the engineer in me).

10 Comments:

  • I can't say I found any good ones on getting into the real estate market. All the ones I read seemed too fantasy to me.

    By Blogger 2million, at 4:25 PM  

  • How about any general guides about how to be a landlord, how or whether to hire a property manager, etc? I'm not planning to do this any time soon, but it's part of my 5-year plan.

    By Blogger Madame X, at 5:45 PM  

  • Good book suggestions. I'll definitely check them out.

    I know a little about tax deductions for rental property, but there is a ton that I don't know.

    Heck, I just found out that I should be keeping track of mileage every time I make a trip to my rental property...

    So, yeah, I'm a little behind the curve. I'll give your book suggestions a shot.

    -Grant
    www.TheCornerOfficeBlog.com

    By Anonymous Anonymous, at 7:23 PM  

  • Heres a tip, off load all your debt and buy properties that are in prime areas with CASH if you can afford it, the World is going through the second round of stagflation, have got the latest figures to prove, not the rubbish that the governments feed us.

    Good Luck !

    Anonymous Millionaire.

    By Anonymous Anonymous, at 11:51 PM  

  • Would you be willing to let me borrow one of the books? I usually try to buy them used on amazon but there isn't any at a discount from the new price. No reason to pay the new book markup, right? Send me an email if you'd be willing: davidrwarnerjr@yahoo.com

    By Anonymous Anonymous, at 2:28 PM  

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    By Anonymous Anonymous, at 8:51 AM  

  • $2m,

    I've read John T Reed's book, own it and many other of his books.

    I highly recommend them.

    If you want to have some fun, check out his website and see what he says about Robert T. Kiyosaki - he really roasts him.

    haven't read the fishman book, but I've always liked Nolo books.

    Have a wonderful day,
    makingourway

    By Blogger makingourway, at 8:57 PM  

  • clearly you're not a millionaire, mister anonymous millionaire.

    if we're about to re-enter a period of stagflation, i'd want to buy as many houses as i can with DEBT, not cash.

    you'll repay the loans with inflated dollars!

    By Anonymous Anonymous, at 5:02 PM  

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