Names like Robert Kiyosaki, Ken McElroy and Donald Trump tend to make it into the common language. Even people who haven’t heard Robert Kiyosaki’s name recognize “the Rich Dad, Poor Dad” guy. But Trump? Everybody knows who he is. They know he owns a LOT of real estate. People really don’t know, however, how much they are similar to someone like The Donald or Rich Dad.
The only real difference between people like Donald Trump and the average person is that he has taken the time to learn about buying investment property. Of course, Kiyosaki may have grown up studying the different parts of real estate, just as another kid may have grown up studying the various parts of football or perhaps his favorite genre of music. These teachers realized that learning about buying real estate is a perfectly respectful accomplishment for a reasonably smart person to set out and do. All you have to do is figure out what you need to know and take action.
The Rich Dad series helps you do just that.
You must learn the actions of investing in real estate, a how the whole thing works. You need to know that you need to learn some basic accounting and finance, and familiarize yourself with property law. You don’t have to learn a lot, just enough to be conversant with your accountant and your attorney. After learning how to read the language of real estate, so to speak, it is then time to learn about the markets. It is very important that you learn how to study and keep on top of the real estate markets that hold your interest.
Then there is the business of the negotiation and knowing what to do to make sure that you get all the information on an investment property that you need to make an informed decision – even information that the seller may be withholding. The experienced investor gets this info by making sure to check out the property his or herself, and by taking along the member(s) of the team of experts he will have hired. This team are your eyes and ears. They will see the things that you may miss and they will give you valuable feedback.
The new investor has to know how valuable an asset his or her team is, so he won’t attempt to invest without them.
These are the things that the investment property experts know. It is a process that they have learned. Of course, they have been through that process so many times that it has become 2nd nature for them. But it is something that almost anyone can learn.
And that is the main difference between the experts and someone like you is that the gurus understand how easy buying investment property actually is.
Kiyosaki is a man who recognized an investment opportunity when he saw it. The son of an educator, he could have grown up believing that his destiny was to spend his life as a “wage slave”. In his Rich Dad series, he writes that his father was an incredibly book-smart man, but he referred to him as his “poor dad.” The opportunity Robert saw was that of listening to the rich father of his friend, who advised him a better future lay ahead for him if he was willing to buy investment property. He took this advice from his “rich dad” to heart and began studying how to do it.
He is still growing today. All the teachers are, because investing in real estate is an ever-changing endeavor. The markets are constantly fluctuating, and tend not to stay stationary. All it takes to become rich is to simply sit down and learn how it is done. All you need is the commitment to studying.
By: Alexandria Anderson