Thread: Robert Kiyosaki
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Old 03-19-2007, 06:37 PM
Tien Tien is offline
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Join Date: Oct 2005
Posts: 795
Default Re: Robert Kiyosaki

It really depends on what your goals are exactly about real estate.

There are two different real estate groups:

Cash is king vs Passive income

1) The cash is king group focuses mainly on "flipping houses" for short term cash. Buying distressed properties creatively at way below market value and reselling it at market value. This method allows you to generate huge amounts of cash. The trick is buying the right properties.

2) The passive income group focuses on buying properties and holding on to them. This method will allow you to build an empire of wealth which will essentially be your ticket to retirement.

There are different authors for each group. Books however, only scratch the surface. It is like David Sklansky with poker. He doesn't teach you the nitty gritty details of poker. If you really want the people who will teach you the nitty gritty details of each group, you need to hit up the gurus and seminars. This is the danger because most new people don't know which ones to go to any many of them are blackhole for your wallet without giving you much substance in return. However some Gurus out there are true bonafide practitioners that will grind every single detail step by step for you. If you are interested I can tell you which gurus are really good.

A good book to get started however is:

The Millionaire Real Estate Investor by Gary Keller.
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