I became a landlord for the first time because a friend had a rental house to sell. It sounded good to me, so I purchased it. It wasn’t long before I sold it. I didn’t have the time to learn about the business and therefore tenants knew more about the business than I did.

Twenty years later, I sold a business and was looking for a way to save on the capital gains tax. The answer was; purchase rental property.

The IRS has a program; when one property is sold the entire sales price can be applied to purchase new property. The capital gains tax on the sale is deferred until the new property is sold. This kind of transaction is called a “1031 Like Kind Exchange”. This is one way to enter the rental business.

It's been 14 years since I became that new landlord. It took a lot of time to learn all that was needed to become a good landlord. I made mistakes along the way, some of which were expensive. With the CD I hope to save you from making those same mistakes.

If becoming a landlord is in your future, the information contained on the CD will be invaluable to your success in the business. You’ll find needed forms and information that will enable you to operate within the boundaries of local, state and federal laws and to prosper as a landlord.