Real Estate Investing as a Lucrative Hobby and Tax Shelter

While working full-time for major biotechnology companies, Daryl Deliman became a multi-millionaire by investing in Southern California real estate. By using tax advantages for sheltering income, he was able to leverage more seed money to buy additional properties. Specifically, he was tax-exempt throughout most of his career due to depreciation and other real estate passive losses. In this publication, he offers pragmatic steps for selecting ideal properties, screening prospective tenants, upgrading properties, and expanding a real estate portfolio while maintaining positive cash flow. His plan is low risk but requires patience and persistence-and you'll also need seed money and/or excess income and good credit. You'll also want to formulate a plan to respond to inevitable downturns in the real estate market. With more than thirty years of experience investing in one of the county's hottest real estate markets and having gone through two recessions, a depression, an IRS audit, and all the headaches that come with being a landlord, you'll reap loads of benefits from the author's expertise.