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OverviewReal estate investing doesn't have to be risky. With rental prices climbing, vacancy rates low, and property values rising, real estate investing has become a tempting option for achieving financial security. The idea is simple: buy a property, fix it up, and then rent it until you're ready to sell. But the reality can be confusing, requiring in-depth financial and tax knowledge that most newcomers lack. Rental-Property Profits walks you through every important step, from spotting smart investments to taking advantage of tax breaks and loop holes. With clear language and updated forms, worksheets, checklists, and formulas, this new edition explains how to: Evaluate risks and opportunities in a post-recession market ∗ Determine if you qualify for an investor loan ∗ Calculate cash flow and maintain healthy levels ∗ Establish sound bookkeeping and accounting systems ∗ Handle rental property depreciation ∗ Report annual income and expenses accurately ∗ And much more Housing is bouncing back, and the number of real estate investors is growing. This book will help build your nest egg, while bypassing costly mistakes. Full Product DetailsAuthor: Michael ThomsettPublisher: HarperCollins Focus Imprint: Amacom Edition: Second Edition Dimensions: Width: 17.80cm , Height: 1.60cm , Length: 25.40cm Weight: 0.498kg ISBN: 9780814438534ISBN 10: 0814438539 Pages: 272 Publication Date: 20 July 2017 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: Out of stock ![]() The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsCONTENTS 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 Index247ReviewsAuthor InformationMICHAEL C. THOMSETT is a financial writer whose books include Getting Started in Options and Getting Started in Real Estate Investing. An experienced investor, he has successfully owned and managed as many as 12 properties at a time. Tab Content 6Author Website:Countries AvailableAll regions |