[Book Sip] "Look at Me Before You Go to the Market"... That's Not How You Do Real Estate Investment

Some sentences encapsulate the entire content of the book itself, while others instantly reach the reader's heart and create a connection with the book. We present meaningful sentences excerpted from the book. - Editor's note

This is a guidebook for beginner real estate investors. The author is a real estate expert and a certified tax accountant who has been providing real estate consultation services to high-net-worth clients since joining Shinhan Bank in 2007. Based on professional knowledge, the author offers asset management consulting that considers both investment and tax savings. One of the features of this book is that it explains unfamiliar terms such as floor area ratio, building coverage ratio, and sunlight rights, as well as complex laws and tax items, in an easy-to-understand manner. It also clearly presents capital gains tax, inheritance tax, tax-saving strategies, changes in real estate policies over the past five years, and future outlooks. The appendix includes various Q&A and recent industry issues. The author says, “Even if the real estate market stabilizes due to economic variables such as interest rate hikes and government efforts, and a world where anyone can own a home arrives, those who are unprepared cannot succeed in investing,” and adds, “I recommend this book to beginner investors who want to start their own investment.”

“I tried to write a book that can be read anytime and from any page, a book that does not have to be read in order. A book where you can read only a few episodes partially without reading the whole thing, yet it can definitely be helpful. On the other hand, I aimed for the book to be not too long so that reading the entire book is not burdensome. I hope this idea resonates with readers to some extent.” <6 pages>

“One of the biggest mistakes people looking for answers make is that they fail to consider themselves and instead try to predict the ‘market.’ Trying to predict something that cannot be predicted is meaningless. Instead of trying to predict the ‘market,’ you should look at ‘yourself’ and ‘your family.’ How much financial capacity do you have? How much loan can you handle?” <16 pages>

To find ways to reduce taxes when transferring real estate, you must think about it before the transfer. It is difficult to find ways to reduce taxes after the transfer is completed because it is no longer your property at that point... When you have to transfer real estate, please remember this. To reduce taxes, you must consult with an expert in advance. <163 pages>

Real Estate Investment Is Not Done That Way | Written by Woo Byungtak | Samil Infomine | 252 pages | 18,000 KRW

This content was produced with the assistance of AI translation services.