"Robert Kiyosaki is an American investor, developer of home cash flow solutions, businessman, self help author, and motivational speaker. Kiyosaki is best known for his series of motivational books and other material published under his brand. He has written 15 books which have combined sales of over 26 million copies. Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and the RichDad Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times."
In this shared video, Robert Kiyosaki and Dr. Dolf de Roos talk about what motivated them both to get into real estate investing, as they share their thoughts on what basic steps can be taken to follow on this path to financial freedom. Also described in his book series, Robert shares with us his earliest introduction to rental property investing: the game of Monopoly. By playing Monopoly, he learned at an early age the most basic formula for building great wealth. In fact, it is a formula that most of us are familiar with: "Four Green Houses, One Red Hotel." It is from this most basic understanding that Mr. Kiyosaki began to take a much deeper look at the rules of property investing.
ROBERT KIYOSAKI’S 4 GREAT ADVANTAGES
The video begins with a brief introduction to Dr. Dolf de Roos, and the story of how he himself was introduced to property investing. Then our two speakers begin discussing the "4 Great Advantages" to real estate as an investment:
Getting income every month (which of course is the key to Robert's home cash flow solutions)
And as "Rich Dad" Robert Kiyosaki explains, the best part is that the banks will lend you the majority of the money needed to invest in real estate (an advantage that is simply not there when financing business and/or paper investments).
Our two speakers then introduce the 6 most basic and simple steps on how to be a successful real estate investor:
SIX STEPS TO REAL ESTATE SUCCESS
Decide to be an investor – the most important step. This is the step where you will, first and foremost, commit to investing in your own education, so that you have the knowledge and tools needed to take your first step towards getting out of the rat race.
Find an area. As you'll find out, areas go up, areas go down, and areas even go sideways. This makes the area considerably more important - and uncertain – than the property itself.
Identify properties that seem like good acquisition targets
Analyze, offer, and negotiate
Put together & formalize the deal
Think about your options for property management
These six steps from RichDad Robert Kiyosaki are important to income property investing, and are crucial to forming a solid real estate investing plan as part of your portfolio of home cash flow solutions. And the beauty of these steps is that they are international...that is, they will work in any country throughout the world. For more insight, check out Robert's Rich Dad Poor Dad series; you'll be glad you did!