Robert Kiyosaki “The Real Book of Real Estate”
Is there really such a thing as the REAL book of Real Estate.? I mean does anyone really know, given what just happened in the market? Well, Robert Kiyosaki thinks he has the REAL REAL book of Real Estate. What is this book about and how can Robert Kiyosaki claim to have the insights into all of the tricks of the trade, when everyone has failed miserably over the last few years, including Mr. Real Estate himself, Donald Trump … “You’re Fired! Anyone?”
In his book “The Real Book of Real Estate,” Robert Kiyosaki tries to give you a blueprint as to how to do the “business” of real estate. In other words, many people don’t think of real estate as a business. A lot of people, in fact, bought real estate as casually as they bought cars or jewelry. The problem with this attitude is that there is a whole lot more money to be lost when buying real estate incorrectly. So, “The Real Book of Real Estate,” by Robert Kiyosaki goes about to help one understand the right way to buy, hold, maintain and protect your real estate investments.
Some of the things that Robert Kiyosaki discusses in “The Real Book of Real Estate,” include for example how to start from the ground up. Don’t try to rush into a purchase because it’s hot. Do the math, start slow, and build the wealth momentum. One of the other principles of “The Real Book of Real Estate,” is to really understand the finance of real estate. It’s not good enough that it’s in a great location or it’s a nice house. Do the numbers bear out over a certain period of time? Robert Kiyosaki would assert that this is the key to real estate investing
In fact, due diligence is the key phrase when buying into real estate. “The Real Book of Real Estate,” will tell you that you need to look at every aspect of the buying scenario. Robert Kiyosaki will assert how much do you have at risk, what are the returns, what does the neighborhood look like and more. In the book, discussions are also around how to protect these assets. Because guess what? You have them and somebody else will want them too.
“The Real Book of Real Estate” will also teach you that owning property is not all roses and perfume. What happens when something breaks or the tenant doesn’t pay? Robert Kiyosaki will tell you that the property management portion of owning real estate is what will turn off investors in a heartbeat. I mean who wants to get up at 2am when a tenant calls to tell you that the pipe is leaking? Who wants to shell out $15,000 to buy a new roof?
All of this is great information. “The Real Book of Real Estate” is a great foundation for learning about the Business of owning real estate. And, this is probably where most investors got stuck before. They didn’t think about the investment as a business.
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