Gang,
Just completed Jack Miller’s Introduction to Real Estate Options Strategies. It’s 174 pages and packed with wonderful Option information.
As you may know, my goal is to read (and update) each of Jack’s courses on CashFlowDepot.com.
This course is wonderful, BUT THE TAX ADVISE IS OUTDATED!!!!!!!!
Said another way: You can learn a ton about Options from this course, BUT DO NOT RELY ON ANY – ANY – ANY OF THE TAX ADVICE JACK GIVES.
It’s important to remember that Jack taught this course in 2008, and he passed away in 2009. Many changes to the tax laws have occurred over the past 14 years.
What I say here is true of all of Jack courses. Be sure to run anything you learn in Jack’s courses by a competent real estate professional in your state, or where you will be doing deals. This includes seasoned investors, attorneys, CPAs, etc.
There’s no way to remove or alter (by much) the content in Jack’s courses. His tax discussions are intertwined throughout his manuals. Instead, my plan is to insert much strong CYA language at the beginning of each of his courses.
I’m now starting on Jack’s “Owner Will Carry” manual.
Love y’all,
Bill Cook
770-815-8727