Aggressive Tax Avoidance for Real Estate Investors: How to Make Sure You Aren't Paying One More Cent in Taxes Than the Law Requires

This is an excellent book on real estate taxation. I read the 18th edition published in 2004. If you do buy this book, make sure that you get the latest edition as tax laws are constantly changing. You likely will need to check the author's website. A few critiques: * There were some minor typographical errors * Examples that had been written in earlier editions should have been updated for the latest version. For example, Reed argues that you should expect a 20% annual return on your money as a real estate investor and justifys this in part by contrasting investing in real estae with investing in notes where he says that first mortgages yield a 10% annual return. In 2004, first mortgages would yield closer to a 5% annual return. * There is not a uniform style to the chapters. They often feel like a collection of distinct articles that were loosely grouped together into a book. For example, one chapter is written in the form of questions and answers. * Did not cover owning real estate in IRAs. There are currently apparently effective ways to own real estate from within a retirement plan. This book did not cover this topic at all. On balance I am very happy with this book and it's sensible approach to real estate and taxation.

I can not imagine not having John T. Reeds books, especially this one, on my bookshelf. I constantly refer to this book whenever I am reviewing my investment strategies for my properties. I have found his philosophy extremely clear & concise. I appreciate his material so much because it stands out far above many other Real Estate books by "so-called" gurus who are basically pedalling snake oil to the general public. He gives purposeful & useful information. I own 5 of his books and have always found them to be a worthy investment.