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Real Estate Riches: How to Become Rich Using Your Banker's Money

Real Estate Riches: How to Become Rich Using Your Banker's Money

List Price: $17.95
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Product Info Reviews

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Rating: 5 stars
Summary: Great book
Review: I picked this book up expecting nothing. I came away from it with a tremendous amount of excitement. I'm afraid that I still have yet to figure out how to put it all together and make it work, though. For my money, this was one of the best books I've ever read. It made me very excited for my new investment opportunities. I have not put any of these ideas into action yet but I am really excited about the time when I will be.

Rating: 5 stars
Summary: Powerful - Great for new and experienced investors.
Review: I like this book. Do not make the mistake of judging this book by it's size.

The sections on financing and taxes were especially valuable.

Advice is timely and powerful. If your goals is to become a real estate investor, read this book and prosper.

Rating: 5 stars
Summary: It's working for me
Review: I'me new to real estate investing and I found this book very helpful. In particular, I enjoyed the sections on investing, financing and taxes.

If you want to invvest successfully in real estate, I highly recommend this book.

In fact, I wouldn't invest without it!

Rating: 1 stars
Summary: Nothing but fluff
Review: This book was a complete waste of money. Upon finishing the book (easily accomplished in under an hour), I quickly realized that it contained nothing more than pointless verbal cheerleading.

Rating: 1 stars
Summary: Save your money!
Review: This is a waste of time and money - I have been quite indiscriminate in my reading of real estate investment books, and this is by far the worst. Kiyosaki is obviously more interested in making money than in dispensing good, solid advice. Avoid this at all cost (unless it makes you happy to hear people tell you how easy it is to make money in real estate, supporting that statement with questionable arithmetic).

Rating: 1 stars
Summary: Utter nonsense
Review: In the first chapter, de Roos poses four questions designed to convince the reader that real estate investing is superior to other kinds of investing. The first question is: "How many dollars' worth of stock can you buy with $100000 cash?" The answer, according to de Roos, is that $100000 cash will generally buy you only $100000 worth of stock. He says investment houses will only let you buy "a very limited number of stocks" on margin and "then only for about 30 percent of the value of the stocks." I have never encountered a stock in my Schwab account that I have not been able to buy on margin. Furthermore, I can margin up to 50 percent. Besides, the reason why Schwab won't let me use more leverage is because IT'S RISKY. de Roos then goes on to suggest that you can easily get a loan to buy a $1 million property by putting down just $100000. How is this less risky than buying stocks on margin? de Roos says: "[You] have an asset worth $1 million that would generate rental income for you. If you had bought wisely, then the rent would more than cover your expenses." Well, what happens if you didn't buy wisely? What happens if you can't find tenants? What happens if the economy goes south right after you bought? All one needs to do is drive up and down Highway 101 in Silicon Valley and look at all the "For Lease" signs to realize that vacancies are a fact of life. I didn't even bother to read any further. If the first chapter of the book is filled with such nonsense, the rest of the book can't be much better.

Rating: 5 stars
Summary: Best book in the RD series
Review: After Cash Flow Qudrant, this one shows you how to make money.Interesting how the bashers keep saying that the real estate boom is over, yet real estate keeps getting better and better.The fact is that real estate is always a great investment, if you know why and how.Read this book and get the facts.

Rating: 4 stars
Summary: Great first book for a real estate investment education
Review: Although I do not consider "Real Estate Riches" by Dolf de Roos the power-house book that Robert Kiyosaki's "Rich Dad, Poor Dad" and "Cashflow Quadrant" are, it is a great place for the real estate investment novice to start. This book (a part of the Rich Dad Advisor series) lays a sound foundation for why real estate is the best investment vehicle for a long-term investment strategy--as well as potential short-term financial gains--over other types of investing. It then covers the basic concepts and "how to" of getting started in your own real estate invenstments. I really enjoyed the stories from New Zealand and Australia, as they give it a nice international flavor and perspective. However, this book is only a starting point for the aspiring real estate investor, and you will need to absorb other books to gain a more full understanding before starting out on your own. I highly recommend Wade Cook's "Real Estate Money Machine", which details a strategy similar to the one Robert Kiyosaki describes in his books. Other books on financing, buying foreclosures, etc... are available through Amazon.com and will help to give you a well-rounded education in real estate investing. If you are not currently an investor, I would recommend reading Robert Kiyosaki's first two books ("Rich Dad, Poor Dad" and "Cashflow Quadrant") to get your thinking straight about money, investing and business in general. Then also read this book, Wade Cook's mentioned above, and perhaps one or two more specific to real estate--and you'll be prepared MENTALLY to get started AND be successful in real estate investing! Remember, it is your financial literacy or lack of it that will determine your success or failure in whatever investment vehicle you choose to pursue. "Real Estate Riches" is a great place to start, but like most books on real estate, not a complete "diet" on the subject.

Rating: 4 stars
Summary: Good - if you want to know why RE is better than Shares
Review: This book has given me the inspiration to continue what I am doing. I know I am on the right path. I have not found a miracularous deal but I do believe that a coat of paint or new floor coverings does add value to a property. I also agree with the buy, hold and never sell principle...

This book confirms that real estate is a better investment than other asset classes. That is the intent of the Book. Who wants to read a How to Book? Do it yourself and learn on the job. Its not that hard. That $10k is worth a hell of a lot more now than if I put that $10k in shares or managed funds some 7 yrs ago.

Rating: 2 stars
Summary: review of audio CD
Review: I read the Rich Dad Poor Dad book in one evening and liked what I read so I wanted to get this CD. When I listened to this CD by Dolf de Roos I was amazed at two things: (1) Robert Kiyosaki isn't that verbally polished (he does the intro) and (2) this CD is interesting to start with but de Roos starts to wear on you after his endless rantings about investing in real estate vs. stocks. Regarding point 1 - if Kiyosaki really sounds like that and can get rich then it goes to show the common man can pull it off too. Don't let language or verbal skills hold up your plans on getting rich. On point 2 - de Roos is highly polished and it comes through very clearly but he sounds like a broken record as he looks at 1,000 angles on why real estate investments are wiser than stock investments. If you understand that already and want to know the how-to this CD isn't the place to find that out. In all, if you already know you want to invest in real estate then don't bother buying this CD since it is just a hype session on why you should do it. Your time is better spent looking for some real estate to invest in.


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