How To Invest In Real Estate Without Making These Mistakes - Robert Kiyosaki [The Rich Dad Radio]
Vložit
- čas přidán 26. 11. 2019
- THE GOOD & BAD NEWS ABOUT REAL ESTATE INVESTING
The strategy of “get-rich-quick” does not work in real estate. In fact, becoming a real estate investor is not for the faint-of-heart. Time, making mistakes, and going through the process are important elements to becoming a successful real estate investor. On the bright side, once you develop your process, the formula is the same as you go from one property to the next.
Most people have been conditioned to “buy low, sell high.” But that necessarily the strategy that Robert and Kim use when looking for the right property. Real estate has booms and busts just like other asset classes, and in addition to developing your process, understanding when the market is right for you to invest is a key element to investing in real estate.
There is good news for those who are wanting to add real estate to your portfolio! With the right financial education, anyone can build a stream of cash flow or a pile of equity. Hear the latest trends about real estate, and find out if we’re in a bubble. Robert & Kim are joined by Robert Helms & Russ Gray.
#robertkiyosaki #richdadpoordad #financial education
www.richdad.com/
Facebook: @RobertKiyosaki
/ robertkiyosaki
Twitter: @TheRealKiyosaki
/ therealkiyosaki
Instagram: @TheRealKiyosaki
/ therealkiyosaki
![What Type of Real Estate the Rich Invest In - Robert Kiyosaki [FULL Radio Show]](http://i.ytimg.com/vi/7_15RfVrxec/mqdefault.jpg)
![What Type of Real Estate the Rich Invest In - Robert Kiyosaki [FULL Radio Show]](/img/tr.png)
What real estate investing mistakes have you made? What did you learn from it?
Starting in 2020 after compleeting my first real estate course in januari. Givin by a proper teacher. The way i try to avoid mistakes, reading, reading and repeating the things i write about every single real estate book. Currently reading: The Real Book Of Real Estate.
@@boytimmers5631 Which book will u recommend for the beginners?
@@anjali3432 The ABCs of real estate by Ken Mcelroy, Real Estate Investing by Brandon Turner. I guess you start with them. But only reading ain't enough. Look at taking a Real Estate course. By a person who let you look at there own Real Estate portfolio.
@@boytimmers5631 Actually I'm from India and here there is no real estate course or something
@@anjali3432 Im from the Netherlands, with 17m people, so im sure there will be in India aswell.
*I have worked closely for 15 years and have accumulated over $2M. Currently, I am in search of ideas on how to grow this money and pass it down to my kids and future generations. I could really use some experience and ideas. Thank you!*
Thanks for the advice. I am willing to try this approach. However, I know nothing about Donald Nathan Scott. How can I reach out to him and read more about him?
You are at the right place, my friend! Although CZcams has been of great help, I feel most people understand better with a mentor guiding them. Most successful people seek help from professionals, thus their success. But many claim to have achieved success themselves!
I can't believe it! This is the second time I've come across Donald Nathan Scott. Last year, I saw him mentioned on CZcams and Facebook.
I wasn't sure if he would accept me back then.
I'm so excited! I have $1000 ready to invest and change my financial situation. It feels like destiny reading about him again!
Robert Kiyosaki has taught me that the solution to money problems is not more money, but a change in money mindset...
Exactly!
@@CharruaRegio Thanks for sharing :)
Amen
Lindsey Spiteri Bellizzi yep , I agree ...
mine too
I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how.
@@FeliciaJudge Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with ‘Christine Marie Rocke’ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
@@tradekings5433
@@emilybrown2719 Most likely, you can find her basic information online; you are welcome to do further study.
Robert needs to make a Cash Flow video game
😂😂😂
He has one and it sort of sucks. Needs more TLC.
If you have a phone with android there is a cashflow game you can download. I play it every day and love it.
On richdad.com you can register free and there is a game you can play totally free. You can understand the fundamentals there, but ofc its not enough just as it is (you have to learn and learn and learn next to it). Dont wait miracles from a single game
@@wasabininja3494 Maybe a update with a major overhaul using Unity game engine 😊👍🏼
Awesome video. One of the biggest mistakes that happened to me was about 15 years ago when I bought a property taken away from a prior primary buyer, not paying the mortgage. The property has been with them for generations. I closed on the property without any insurance, thinking that I will put insurance later that day after closing on the deal since it was a cash deal, a cheap deal under $40,000, so I didn't mind or was not concerned with not having insurance at the moment. Well, the day after closing, the former seller try burning the property down. He started a fire in the living room that did not thankfully burn the whole property down. So I decided not to look back and add to the rehab budget, fixing the house's burn area. Once I was done rehabbing it, almost ready to put it on the market, the previous owner returned to the property and burned it down completely. At the moment, I wanted to have insurance, but because of the incident, no insurance company will give me coverage anymore, so I lost my investment completely. So my advice is always to get insurance no matter how cheap the property is or how quickly you believe you will have the property for.
Wow.
Thank you for sharing that lesson.
@@alexnuaimi3299 You are welcome. Summary:
I did not get insurance when I closed, and the ex-owner tried burning it down the day after closing. FBI got involved, they could not find the guy, and insurance companies would not touch it. So then I tried to get insurance, but no company would touch it because of the police report. At the moment, it was too late to get coverage. So my advice is always to get insurance no matter how cheap the property is or how quickly you believe you will have the property for
Omg that’s awful!
I hope that dude went to jail
really love listening Robert show on youtube.
*Everyone makes mistakes. The more mistakes you make, the more you learn from them. Then the key is how you bounce back.* 😉
Passive Income Tom, Why do you need to make mistakes? Wisdom and fear of God , is the beginning of all wisdom.
Better learns not making too much mistakes...
its better to learn the mistakes from others.
Why ppl fear the gods🤔
Not everyone learns from their mistakes... that's why there are so many broke people
Biggest mistake was selling the property instead of renting it
@1CBRDUDE not here in Jersey UK, 1 bedroom flat costs 195k to 220k its unbelievable. The investors here really cocked up the property market.
"You always keep the 1st property, and then flip the second/third." But, these are people I know that is telling me this, and they bout successful - I just never had the capital to back that claim.
@@whitdough8150 mi mi ví
@@michaelbryan5538🤔
I don't think it was a mistake. You learned a valuable lesson. But some time you do have to sell to get liquid. But when you're not cash strapped renting is the way to go.
Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
it took me 5 years to stop trying to predict what's about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learned to go where my FA wants to go and keep it simple with discipline.
@walter The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to James Fletcher Brennan.. my Investment-Adviser.
@@nataliehinnes5221 thanks for saving me hours of research, curiously did a little digging on James Fletcher Brennan on my browser, and his site was top search, and very professional. great share! Although i have a question if you don't mind?
@@katelynrenesse4798 sure, ask away
Real estate isn't all terrible, but it's not as profitable as stock investments! Many seasoned investors understand that an investor must be both a dividend and a growth investor. For instance, if I managed to make a 1000% gain on Tesla and then pulled 85% of the profit out and decided to invest it in a lot of more stable dividend stocks like CVX, I would say diversify, but also use those growth opportunities to build capital to invest in dividend payers (or in cash flowing real estate). This is how I made my first million, and I also use an FA, his name is James Fletcher Brennan. Best wishes!
The thoughts and ideas here are remarkable
The funny thing is you’re not wrong, it took me 5 years to stop trying to predict what’s about to happen in the market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain lol. I just searched your guy on the web. I’m not gonna lie I’m impressed.. he’s professional, mature and he’s worked with some really successful people in the past.
he really seems to know his stuff. I also found his online page and read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him
Impressive!! Also, I did read about James Fletcher Brennan on the web, I was able to find his webpage and leave a mail. I'm willing to make consultations to improve my portfolio
2:48 classic Dunning-Kruger effect. Going into real estate where it's hard to get out is probably the worst time to be over confident
Robert love your content! Use your debt to invest in a decent compressor for your microphones.
"Courage is going from Failure to Failure without losing enthusiasm." Winston Churchill.
Courage is conquest of fear
Hurry!! Get instant $5000 worth of cryptocurrency with $100 investment
Have fun maintaining needless world wide economic warfare by way of capitalism and EVERY system connected to it!!Good job everybody!!!
You guys should do a show playing the Cashflow game together. It would be amazing to see your minds at work with the level of financial education you all have. Rich Dad advisors play Cashflow!
Love the content, Robert! I loved the process of buying my first rental property!!
I sold my home 2020 and I've been dollar cost averaging all year long and I've almost maxed out my reserve, so I'm basically waiting for stocks to fully recover so I can break even, but on the other hand, I've been coming by articles on people who are puIIing off recurring proflts of over $150K wlthln just weeks of trades, what am i doing wrong?
look at it this way, while some folks are waiting to make minimal profits when stocks recover, some others folks already know where to look and what to do to make hefty gains in these times, so yea, it all boils down to knowledge to risk mltigation.
True, I was in dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red and the economy isn’t looking promising, but I began gaiinng clarity and have more confidence in my invt through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amt in fees for me to be able to net $650K in less than 8months like I did this year, I truly don't mind.
@Dan Brooks Christine Jane Mclean is actuaIIy the one that guides me, she’s a hlghIy-sought out advlser, so I’m not certain she’s acceptlng new intakes, but you can give it a shot. It wouldn’t be proper to just Ieave her number Iying around, but she has a webpage you can look at if you googIe her name.
@@danbrooks7110 dependa on what you wanna invest. What are you interested in?
@@martingiavarini I’m i
ROBERT k. the Mr. Miyagi in the art of investing..😎👍🏽🙏🏽
what makes him like Mr. Miyagi? Just cause he’s Asian?
Roberts mic is a little bit low at times great vid love all this stuff!
I’m headed to Gene Guarino live training event this weekend.
Thanks for this, I am home listening to the radio and guess what song came on...I can name that tune in three notes! This was not coincidence!
Thank you Sir Robert for teaching all of this message I learned a lot on how to manage the money or cash flow .
Robert, thank you so much for always providing invaluable content for us. I have become so inspired to pursue real estate investing as a result of your book that I am considering to either completely change my college courses to everything finance or simply drop out. I'm not 100% sure yet... However, I'm leaning towards dropping out since the idea of spending more money on what I find kind of pointless very dissatisfying. Do you have any events coming up? I need to create a team but I'm completely new and don't know where to start.
I really enjoy the humbleness and open sharing.
There was zero humbleness and virtually no sharing, like zero value from the video. Is everyone deaf?
Thanks for sharing, I just looked him up online and I would say Sam Deymon really does have an impressive background on investing.
I agree with you. I ventured into stock with less than $100k and now I'm about 17,000 short of half a million dollars. Credits to he's verifiable.
I am interested in investing please can start with 700
My first experience with him gave me the assurance that had made me to invest without fear of loosing.
The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works. Mr Sam Deymon is very understanding and patient to ensure you learn fast and carry out trades successfully.
I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple years, I've made over $650k from initially $210K
*The* *housing* *market* *does* *seem* *a* *bit* *high* , *and* *maybe* *that* *means* *to* *continue* *to* *look* *but* *not* *put* *100%* *percent* *effort* *sifting* *through* *deals* . I think following your return on investment numbers is the most important, and that should help you determine if you want to purchase a deal even if the market has elevated prices. I think the hardest part about real estate is not crunching the numbers, but having the *persistence* to continue looking for deals *AND* having the *patience* (disciplined mind) to not act on a bad investment just because it may feel like progress has not been made in a while.
Most person think it simple to be in real estate, cause we all thing it's just buying and selling a house. I think their is more to it than that. Would you elaborate on such topic.
Gracias Robert like always. I doing what iam learning from you and your books. It works. GRACIAS GRACIAS. From many angles your topic of real state is thought.
Excellent listen thanks guys.
Great guests. Seem to be Intelligent and down to earth. I will check out their radio show.
Same here.
25:50 "That's why you've got to get the financial education. You got to start small. Take baby steps. Know it's a process. It's gonna take years but you can become financially free with cash flow but it's not a quick fix."
I'm glad to hear about the mistakes.
have Russell drop some links, blogs and books id love to learn from the guy
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over $4,000 in dividends last month.
@@hermanramos7092 It's time to make high value games! Discounted dividend stocks. Ever grateful to my CFP "CHRISTINE JANE MCLEAN’’ I now have a six-figure REIT portfolio, which includes, but is not limited to; AMT, SPG & PSA.... I now have 606 shares of AMT which pays dividends of $3800 per year.
@@lipglosskitten2610 I want to play the long term game with well diversified fund... Please how can i reach this CFP of yours??
@@hermanramos7092 Most likely, you can find her basic information online; you are welcome to do further study.
@@lipglosskitten2610 Most likely, you can run a google search on her name and find her basic information online; you are welcome to do further study.
Barely talked about the topic. It was like the preface without the content. Still good to watch. Thank you.
It’s hilarious to see a mid-roll ad pop up on this video doing EXACTLY what they were just talking about; flashing the check and the stacks of cash telling you they know exactly how you can do the same thing in 3 EASY STEPS! 😂
Y’all are rockstars, thank you so much for the world class content, for feee no less.
Facts
Dude on beach with dry erase board trying to sell you his get rich apartment buying scam
Carry on maintaining needless world wide economic warfare by way of capitalism and EVERY system connected to it!!Good job everybody!!!
Mr Robert, i have learned a lot from your first book & do enjoy this content. Respectfully i have to say... i think there's too much time wasted going to non existent breaks & repeating the introduction speal over & over.
A bit of editing would really improve the flow & help us stay tuned in & focused.
The only problem I see is that you waste a lot of time in introductions, jokes, and comments. Overall it takes half the time of the show. Almost by the end of 3/4 of the video you get to the main purpose of the topic. And then....its over!!
This was clickbait - wasted everyone’s time. Almost no substance.
Thanks to Rich Kid Smart Kid, irrespective that I dropped out of college I am successful. It taught me that grades are not everything, and how to use the cashflow quadrant. I made my first million investing in stocks, foreign exchange and cryptos, now I am about to diversify into real estate to keep cashflow and only Rich Dad can guide me.
Oh well, I share same narrative, watched youtube videos, it was no good till I began attending seminars and eventually went to a trading conference in NY where I met an experienced investor Mr Keagan Botsford, he guided me and put me on the tracks. Over 3 years we have been associates we even have a joint account on his broker that works with JP Morgan.
not at all, I remember I started out with $10k, was as much as I could afford and gradually built my portfolio, patience and consistency by reinvesting. You can reach him at keagansbots@outlookcom just be sure to acknowledge I referred you so you get a quick response, he is also on LinkedIn as Keagan Botsford. you can reach me at groverwatsica22@gmailcom if you feel like asking me any questions
@@groverwatsica711 wow just wow. thanks for sharing this. this is absolute serendipity to me. Have always wanted to try out financial investing. thanks again, will send you an email right away.
Hi Mr Grover Watsica thank you for your coments quite inspiring i need to do my
home work in Investing thanks again.
Great Video Robert! I am pleased I was able to speak with you few months ago! You are very big influence in my investing life Robert, You and Mr Sean R. I just want to tell you I bought my second house cost $1.7M in Phoenix, AZ that should be close to your house. Thanks once again for all the advice.
Nice work!👍
*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
@Richmond Fernandez I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$200,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.
@Richmond Fernandez As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.
Personally, I’m blessed and realizing I’m not the only one working with Donald Nathan Scott I will consider myself lucky. I’ve been able to feed and make a living through his advice and great work. For such a person as Donald Nathan Scott, we owe him gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn’t just wise but has all it takes to handle an investment and is good at what he does.
Robert's glasses are always so cool. Love you guys, changed my life and destiny.
I love that you guys are based in my hometown in Phoenix. I wish I could come by and say hi!
i started reading robert kiyosaki's books when i was active in the navy and he influenced my life a lot, later i started following his advice and invested in real estates, now i am retired from service and i have eight residential and fifteen commercial units of properties, and in restrospect, i realized that robert was like a drug pusher because i became so addicted that i don't want to stop from acquiring more.
Great video, loved the info. Thank you for sharing
Great discussion
Thanks to your book I have cashflow!
I live in Mexico and I'm not rich moneywise, but I don't work anymore!
I use Airbnb and uber for cashflow, plus I have good debt!
I don't have any major bills, 2 houses paid!
I'm still learning from you guys, you Rock!
Congrats!
Keep doing what your doing and if it's working dont try to fix!!
@@therealdeal6846 exactly all I'm doing is adding more cars to rent for Uber lol
@@chrism6904 ty anyone can do this, you just have to change your mindset
Jorge Crypto Life Nice, where do you recommend to live in Mexico?
19:02 Wow, Australia has millions of cranes due to pending commercial construction?!?!? Ain’t NO WAY that’s going to end well.
Im focusing on expanding my knowledge before i jump to anything. I've read a few of your books but am looking to learn from others as well. My question for you is, how do you rule out the phonies? The people that have made books and videos and merch but their info/ guides aren't concrete enough to see they have made a difference or to see they're worth taking advice/listeninf too?
I can't stop saying the good news about Mrs Chloe and her team... She changed my situation ever since the pandemic and up till date. I contacted her on Whats’ap
Impressive work! A bag of tricks we can reach into... Wow! That was phenomenal Kim !!!
thank you so much for the valuable info. I have become so inspired to pursue real estate investment as a result of your videos
After selling a couple homes in 2022, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.
I concur; I've been in frequent communication with an investing advisor for more than 17 months. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coaches by some.
@@alexanderjames3043 I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
@@thomaslewis514 My advisor "sharon lee casey" , is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors
@@alexanderjames3043 I can see why She is so busy; her career and outstanding qualifications are Fascinating! So I immediately copied Sharon's complete name and pasted it into my browser.
After what I've heard, I have few questions:
1. After been playing new version of Cashflow and been able to leave the rat race every time, is there any advanced version of it? Like the old version had 202
2. I remember, once you promoted Than Merril's real estate seminar and I went to one of them. First one was free. Second one costs $200. But for the third one, they ask you for $50.000 to become their partner. Also, they promote fast flipping, selling contracts and other stuf that seem like "get rich quick", so I would like to hear your thoughts on that.
Thanks
Very useful topic. I love Real Estate and E-Commerce business
Thanks for the feedback.....for more information *+1/7./8./.6../4./..3./..2./..3.../4../3../1*
W •H•A•T•S•A•P•P.••••M•E 🔅 💯
If you don't find a means of mult'iplying your mo'ney , you will wake up one day and real'ize that the money you tho-ught you had, had been exhau-sted. Inves-ting is a lad'der to cli'mb the finan-cial wall
@Rose Robin
I prefer to In'vest my Bit'coin with Ellis Gregory Carson fx, than holding it
Yes of course, he h_elped me reco'ver $ 5, 00 0, i lo-st to a sca_mmer, and ea'rned me a pro-fit of over $ 8, 500
I have never heard or seen any of his clients complain of lost... I think Ellis Gregory Carson Fx is one of the best.
Refe_rred a friend to him, and he just m'ade €7,050 pr'ofit in 10days, now am jea'lous.. Lol
Thi'nk his a great perso_nality in the state.
It’s important to watch these videos too. Study the mistakes of others and follow the recipe, is it possible to have a straight forward road ? Or does it take mistakes to move forward? It’s like mistakes happen because the education wasn’t there at the time. So my point is, having a plan and have the proper financial education is it possible to minimize the mistakes someone encounters ? Like any successful realtors out there that had any failed ideas In their entrepreneur career. If you look back with the education you have now, do you think that idea would’ve worked still ?
Hi Rich Dad, is a syndicated mortgage between five people to buy a short term rental in Calgary a good move????
PRICELESS KNOWLEDGE THANK YOU AND WELCOME HOME
Robert you are someone whom I respect but my friend your studio needs a better arrangement. We cant even see one of your guest. The instruments are blocking the view.
That's a radio studio, that's why.
@@dreamraver OH! Thanks for saying that!
Yes, they have two cameras, one for Robert and one for Kim. There should be for the guests too!
Thanks so much for the awesome video 🔥 This will definitely help me Become Wealthy and Improve my Finances!! Keep it up! 💯💯🙌
Thank you
I think that it can be little quicker for example for one year, I be first, like traveler for 80 days. Have a nice day.
Ive recently just got into this and got the rich dad poor dad book. I have finally woke up and decided i need to make financial changes. Ive cut down unnecessary spending paid of my credit cards which were high interest and high balances and have only a bit left to pay for my car but the biggest debt i have is student loans. I am thinking of either focusing on paying off loans completely paying more than minimum each month to get out of this, but what i need to know is how should i get about this? Do i 1 pay a large chunk each check to the debt or pay a portion to the debt a portion to investing and a portion to put into a high yeilds savings account? If i invest what exactly shoudl i try investing in?
Real estate over long periods of time always works.
Time IN the market beats Timing the market.
Makes sense
@@candiced2138 thanks it's been my mantra or last 18 years in real estate-- it's up to about $3m+ in real estate equity and $6m in RE.
chief tp in the US. Even Detroit over 20+ years real estate has appreciated
@@MetalBum thoughts on getting into it currently?
If you have NOT read Rich Dad Poor Dad order it now. Stop procrastinating! It can literally change your life. I love this channel, always a great way to stay involved and learn about different financing options. Thank you all here at The Rich Dad Channel :)
Good interesting conversation from people who are in the market a long time and have experiance ..there is a great pleasure to be found in a steady slow wealth componding process that quitely builts in the backround .......like life and time it just goes on in the backround growing and componding .........
If you’re going to get into running senior living be prepared to work 24/7 just keeping your units full. Average client doesn’t usually live too long at those places.
What I’ve learnt from Robert is the idea of having a consistent “money inflow”
You will always be growing and you will never be broke because you’re getting money at every end of the week/month
I'm new to this so help me out. The money inflow would be the rent you get from the properties you buy right?
@@annoyingbookgirl yeah,that rent fee you get on a consistent basis is what you term as cash flow..
It may also be from a 'scalable business' or from other properties you own( a business car for hire/land for hire etc) which keep bringing in money on a weekly or monthly basis.
@@annoyingbookgirl I recommend you to search for a guy on CZcams called Dan Lok (specifically his wealth triangle video) he goes in details about that issue
I dont understand what he means by moneyflow?
@@GlocklovinBob search on CZcams Dan Lok (Wealth Triangle), he explains it in depth.
„verification is the highest form of trust” :)
Great educational job
Thank you so much for this video!💜💜💜
Start small , look in senior home.
Thank you for all the precious information you provide each day and for the cashflow game. You guys open the windows in my brain and I become more eager to learn! I'd love to know more about your first steps!
God bless you and your wife Robert! Your information and education has changed my life!
Woulf instructive Rob
As a real estate investor, great video! Thank you.
Thanks for the feedback.....for more information *+1/7./8./.6../4./..3./..2./..3.../4../3../1*
W •H•A•T•S•A•P•P.••••M•E 🔅 💯
You can literally change lives with real estate
Great video!
You can check references til the cows come home but real estate & renting is a huge risk! People! People are the problem & the solution. I never did real estate but you don't know what will happen when you rent. People are capable of anything. I would love to buy a two bedroom bath unit and rent it out but I don't have enough money. Love the concept! Willing to try it! I ask tons of questions. Still stuck in my slob job.
hahahaha... you can still see Tommy Vu's infomercial on CZcams. It's a classic 80's pitch. Thanks for reminding me about him.
I KNOW A YOUNG MAN 26 JUST STARTING OUT. HE IS PATIANT
8u6yyuiggdwioko9hvrxfhythku5ro
thanks for educating those who seek wisdom, and changing lives with your message.
Thank you guys an Gail another great show
I lived in Belize for one year. In a town called Ladyville, and on the windy coast. I would not have my mom live there. It's not for everyone. I looked into Gene Guarinos course. I paid $1,500.00 for an outline to the real course which costs $30,000.00 (in 2021) and there were other courses to take. It looked like they offer a lot of support though. The course is very thorough, step by step advice. Excellent!
In Connecticut if you house more than 4 elderly residents you will have to be a licensed RCH (Residential Care Home). First the DSS needs an application for a CON (Certificate of Need). This is very hard to obtain. Other states, like New Hampshire are more accessible. My home, a board and care, had one resident. It had to go through Probate for approval, but it was lucrative. The DSS does require vaccinations for owners, staff and residents in CT.
That’s what I’ll do starting at 18 I’ll fill up as much knowledge I can right now and go to school for real estate
Robert, speak into the microphone, I have to fluctuate the volume through the whole thing lol. But the contents great..
Hi Rob,
How do we start on the nursing home business?
Thanks guys, I always learn a lot in this chanell.
I can't help but wondering if Robert is using the word "vanity" in place of "egotistical"? I thought vanity related to one's obsession with their looks. Where as Robert is referring to the overly inflated amounts of pride & self importance. E.g. Real estate agents are usually egotistical. I agree!
Thanks Robert & Kim.
Everyone makes mistakes. The more mistakes you make, the more you learn from them. Then the key is how you bounce back.
Hurry!! Get instant $5000 worth of cryptocurrency with $100 investment
Rober You are the best , but you should bring down the courses thank .thank you
excellent Kim please let us know your real living experience in real estate how was your beginning scenarios lo learn out of it
Gee🤔 Robert 73, Kim 62 time to enjoy the fruit of your labor, you have more than you ever going to need or spend. 🤔
Fuck me hammer
Farmers will win in the end. Life is not about monopoly, it's a game of chess!
I just bought my first house at a sheriffs sale, it turned out to need more repairs than expected, should I add 30k to it, and rent it out, or sell it, I can break even, and get out of it. And get into ALF, Storage or MFRE... with higher economies of scale?
Just a poor guy. Dad a dad labour. Doing study to complete engineering. But will become rich. Thanks robert kiyosaki for writting such a nostalgic book' rich dad poor dad'.
This is so fun because I went through real estate school in Tennessee and I learned nothing about investing! Maybe a tad bit in financing programs available, but not much other that that!
right? I learned nothing about investing when I got my real estate license, and I certainly never had any investing classes in school. Ugh! Would've been so fun. Had to read a million books instead.
if you cant trust the media where do you get real market info?....
Go outside!
Great video
Really good stuff. Useful and easy to understand
Thanks for the feedback.....for more information *+1/7./8./.6../4./..3./..2./..3.../4../3../1*
W •H•A•T•S•A•P•P.••••M•E 🔅 💯
I agree real estate investing is one of the route to cash flow . But lets be real we need money from working to invest in it. And people make it seem like it's super easy but it all depends on where you live, and what you can afford to start. You gotta save for a down payment, closing cost, and have extra money as back up as well.
Exactly!!! U have more sense than the people on this podcast!!!.
They keep saying one can start with no money. Lies!!
Teach us!!!
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this SamDeymon that guides you, mind I look them up.
Hi Robert!!