OYENTE

Steve B.

  • 2
  • opiniones
  • 1
  • voto útil
  • 11
  • calificaciones

Great books on the basics

Total
5 out of 5 stars
Ejecución
5 out of 5 stars
Historia
5 out of 5 stars

Revisado: 09-14-22

I previously invested in rental properties but haven’t since 2009. I started investing again a few years ago but wanted a refresh on the basics. This is a great book for that.

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esto le resultó útil a 1 persona

No explanation of how to utilize the Corp, only explains what they are.

Total
1 out of 5 stars
Ejecución
5 out of 5 stars
Historia
5 out of 5 stars

Revisado: 09-08-22

Great if you have no idea what a Corp is and want all the info. Useless if you already know what a Corp is and are looking for strategy examples. This made is useless for my purposes.

I discovered this book during a Rich Dad podcast. In the podcast they spoke about setting up each property in a Corp (or other protected entity) along with a few common issues.

This book does a phenomenal job at explaining what I already know: What a Corp is, fiduciary duties, piercing the veil, and scenarios where mistakes were made.

What I expected was a book explaining how he explained and setup “Rich Dad’s” real estate. Given this is a Rich Dad advisor book I don’t think that is an unreasonable expectation. It doesn’t do that.

It explains each corp needs its own bank account, EIN, etc and even explains a single enterprise rule but no examples of how real estate rentals could be structured within their own Corp to separate them to limit liability amongst the various rentals.

Great if you have no idea what a Corp is and want all the info. Useless if you already know what a Corp is and are looking for strategy examples.

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