There is a new book out that is creating quite a buzz in real estate circles. Titled, "Real Estate Advantages," the book penned by CPA Sharon Lechter and attorney Garrett Sutton appeals to every reader. Organized into two sections, the first is about tax benefits of owning real estate. The second section focuses on legal strategies, with particularly well-rounded discussions of the best way to hold title to investment property, and why.
After I finish the book in the next few days, I'll discuss some of its best sections. But to start, it appears to do a very good job of explaining all of the benefits of tax depreciation, which many investors still don't entirely understand. Specifically, the book explains how depreciation is a paper loss or tax deduction, which does not require any out-of-pocket cash payment. And, how it saves tax dollars.
More to come . . .
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