Rental-Property Profits (Paperback)
A Financial Tool Kit for Landlords
Amacom, 9780814438534, 272pp.
Publication Date: July 20, 2017
Real 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.
About the Author
Michael C. Thomsett is a financial writer and author whose books include Getting Started in Options, Getting Started in Real Estate Investing, and The Real Estate Investor's Pocket Calculator. As a landlord, he has successfully owned and managed as many as 12 properties at a time.