Posted by Bud Branstetter on January 21, 1999 at 12:23:01:
There are two sources of tax advantages. The easy one is depreciation. A little but not a lot of help. If the property is highly leveraged the depreciation helps. At the same time it creates higher risk unless the income to support it is super secure. The the tax advantage is a credit for certain types of housing. You would have to learn your subject to help him invest in those types of properties.
What can be concentrated on is teaching him the advantages of 1031 exchanges or Roth IRA investing. You can still use his money to invest while he postpones or eliminates the tax consequences.