Tuesday, February 26, 2008

Do You Listen To The Real Estate Investing Mentors?

Names like Robert Kiyosaki, Ken McElroy and Donald Trump tend to make it into our pop-culture. Even people who don't exactly know Robert Kiyosaki's name recognize “the Rich Dad, Poor Dad” book-series. But Trump? Most Everyone knows of him. They know he owns a LOT of investment properties. People really don't know, however, how much they are similar to someone like Mr.Trump or Rich Dad.

The only real difference between people like Robert Kiyosaki and the average American is that he has made the time to learn about investing in real estate. Of course, Kiyosaki may have grown up investigating the various parts of real estate, just as another guy may have grown up investigating the various elements of football or perhaps his favorite style of music. These mentors realized that learning about buying real estate is a perfectly reasonable accomplishment for a reasonably intelligent person to set out and do. All you have to do is understand what you need to know and take action.

The Rich Dad series helps you do just that.

You must learn the process of buying real estate as an investment property, a how the whole thing works. You need to understand that it is necessary 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 study the markets. It is extreamly important that you learn how to research and keep on top of the investment property 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 intelligent decision – even information that the seller may be withholding. The experienced investor gets this information by making sure to check out the property his or herself, and by bringing along the member(s) of the team of experts he will have hired. This team are your “extra sensory receptors”. They will see the things that you may miss and they will give you valuable feedback.

The newbie investor has to know how valuable an asset this team is, so he won't attempt to invest without them.

These are the things that the real estate investing gurus know. It is a process that they have mastered. Of course, they have practiced 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 only difference between the experts and someone like you is that the gurus understand how do-able a thing buying investment property actually is.

Robert Kiyosaki is a man who seized 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 extremely 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 financial future lay ahead for him if he simply got into real estate investing. He took this advice from his “rich dad” to heart and began studying how to do it.

He is still learning it today. All the gurus are, because property investing is an ever-changing discipline. The markets are like liquid, and tend not to stay put. All it takes to become rich is to simply sit down and learn how it is done. All you need is the will to study.




USEFUL LINKS:

Mizunoz | Nikez | Adidaz | Skecherz | Pumaz | Calvein Kleinz | Moschinoz | Naturalizerz | D K N Y Z | Coclicoz | Onexz | Via Spigaz | Weebok Kidsz | Yellow boxz | Emericaz | Umi Kidsz | Miss Sixtyz | Ecco Golfz | Olukaiz | Tommy Bahamaz | Converse Kidsz | Kaylandz | Jumping Jacksz | Tatamiz | Daniel Greenz | Nine Westz | Fratelliz | Dickiesz | Fly Flotz | Gravatiz

No comments: