I bought rental real estate 29 years ago and lately there have been bigots of all types looking to try to put me out of business simply because I was not born with a phallus.
RV Parks since the monthly rental net income totals out to around $300 per/RV. I wouldn't suggest buying RVs for rental, however. Yes, you'll have higher revenue from one but in the end.. inevitable repairs will yield you lower cashflow vs. renting out a space.
Raven is how you see the future. Get smarter, take a class, get educated, it's your money. How I've lost my last 23 years without knowing about you? I became addicted to your books (audio books, two or three by month), and thank you for your radio show program. I'm in your bussines, "get out to be an idiot, and became a smart person by finding real teachers and real education about money and anything else in your life".
This is quite an interesting information, But success depends on the effort and work you put in achieving greatness. Show me someone without investment or depend on one source of income and I’ll tell you how long it’s gonna take to go bankrupt. Investing creates a safe haven for the future. With the right investment choice that has at least 2% minimum risk with the advice of an expert, profits and interest are 100% guaranteed>>
I Concur!! I had a senior colleague at work who lived well but never had an investment, unfortunately his ended so he went from living well to struggling with he’s family. After going into cryptocurrency investment, I can boldly say it’s one of the best and fast rising investment many people are into now. No one should have one source of income so invest for tomorrow & for the future..
Oh yeah, it's nice to know someone is making a great difference in the trading zone. If you don’t mind, can you please make me understand how you made profit investing in cryptocurrency, thanks....
Meeting Mr. Briggs Donald was one of the best things that ever happened to me. I've been making so many profits. Letting you manage my portfolio was one of the best decisions I ever made. Thank you sir, you are a life changer.>..
Oh wow, it’s great to see someone who also benefits from Mr. Briggs Donald. This man is really dominating the trading zone and making things easy for he’s investors. I’m proud to have you as a mentor, keep up the good works Sir….
Hello, are you guys saying Mr. Briggs is that good? I’ll like to benefit from he’s investment services, I heard crypto investment is really profitable. Please how can I contact him??
NONE OF YOUR BILLS SLEPT. THEY KEPT ON BILLINGS AS YOU WERE SLEEPING. IN OTHER WORDS, YOU WOKE UP OWING MORE THAN YOU DID BEFORE SLEEPING. THAT'S WHY YOU NEED 'PASSIVE INCOME'. SO WHEN YOU SLEEP, YOU CAN ALSO MAKE MONEY, NOT JUST DEBTS.
They can talk a great game and dream really big but they lack the courage to just go forth. Stop dreaming about what will be, dreams in themselves are not bad but get up, show up and do something.
It’s all about vision!! Tradeknology will be a Billion Dollar Brand. Last night ground breaking event in Atlanta, GA was a huge success. Thank you Laura Fx Jasmine for hosting and sharing the vision of investment
While a new survey has revealed rising adoption of cryptocurrency among the world billionaires, as they start experimenting in the digital currency, expanding their investment portfolio beyond traditional profitable assets.
From worst to best real estate investments : 7. Vacation home, 6. Single Family Home (highend) 5. Multi family condos (HOA) 4. Manufacture home 3. Master planned community (HOA) 2. Single Family Home ( moderate workforce) 1. Senior housing.
Senior housing is fking crazy.. Here in germany they build new houses and want 1500 for rent. No matter where. Even in small citys. Thats unbelievable.
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realize that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
You're absolutely right , to be a successful in life required not only hard work but awareness and sometime opportunity at the moment , investment remains the best to start .
Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from *ROCHELLE DUNGCA-SCHREIBER* who's a guru in the game, you can be passively involved with the aid of a professional.
*ROCHELLE DUNGCA-SCHREIBER* is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
Found Rich Dad years ago, thought he was crazy, I feel into the rat race and all the trappings of fake money, lost it all, house, 401k and negative bank account, taking pay day loans just to survive. 7 years ago I finally “really” listened to Robert and now I am debt free, I own realestate and I’m growing several businesses, thank you Robert!!!
*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
@Richmond Fernandez I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$200,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.
@Richmond Fernandez As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.
Personally, I’m blessed and realizing I’m not the only one working with Donald Nathan Scott I will consider myself lucky. I’ve been able to feed and make a living through his advice and great work. For such a person as Donald Nathan Scott, we owe him gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn’t just wise but has all it takes to handle an investment and is good at what he does.
Im from germany. Started at 23 with 30k saved and bought my first apartment. Now im 33 and my wife an me have 5 units rented out, living in our own place and only have 130k debt. Yeah i know Richard, we should have more debt ;) And no, i didnt get a fortune from my dad or have a high income. You can do it!
Hey I currently live in Germany, is it possible for me to contact you? I want to learn some stuff about this real estate stuff? I really need a mentor who can speak english
@@MR-kb7qi The beautiful part of the debt is that you take from a bank someone else's money, make them work for you, which allow you to cover the debt and create the cashflow...The debt or money themselves are just virtual agreement. If you understand this you will stop being afraid of getting in a good debt.
Gala Thank you for your info on Debt, You see I know the Real astate Big But it’s just the money an bank financial side I have trouble with 😂😁 So you take out a Loan (Dept) an the rent will pay that loan off(Turns to good dept) Then you will begin to make Profit 😁👍🏻
I'm a millennial who soon will have to take care of my greatest generation grandparents because my Boomer/genx parents can't take care of themselves. If I hadn't found mentors such as Rich Dad my family would be so much worse off..... Keep preaching Robert and Kim! We are listening, learning and doing!
My dad who recently passed away rented to an old fart years before he died. When I took over the property I noticed that he was paying half the going rate. It turned out the guy was a Korean war buddy of my dad's so I figured I'd just leave it be. The guy has been no trouble at all and he keeps the grounds clean just so he can stay busy.
Just love the way Robert gets grumpy and tired of the same questions over and over again. He is telling people what to do. TAKE CLASSES. learn from the real guys. This man spends his time telling us people. And his time is valuable. Respect for the old guys like Kiyosaki, Trump and Rickards.
@@boytimmers5631Kiyosaki says "Take classes". He means "Give me your money". As for you, Boy, Trump hates you and yet you voted for him. He totally hates you!
Kim I love you guys and your husband's NO nonsense attitude is so delightful! If everyone could be this honest and straight forward we will all be more successful. Thanks so much for sharing you are such great people! Stay blessed!
Robert Kiyosaki, I would like to thank you for your book Rich dad poor dad! I read Rich dad poor dad in my late teens to early 20s. I had two dads also, a stepfather and a real dad. Your book Rich dad poor dad explains asset and liability very well. I was able to relate due to the fact that my stepfather was a master Japanese upholster that owned a home and a four Plex rental unit. My real father always had a good job but never owned a home let alone rental units. Your book made me pay close attention to my two fathers and i saw the concept very quickly. I had bought a small manufactured home for 8k just prior to reading your book Rich Dad Poor Dad and sold it for 10k shortly after reading you book. I then bought a 4-plex with a FHA owner occupied 8.5% loan with the 10k from the sale of the manufactured home for down payment. I lived for free in one unit and rented the 3 remaining units to pay all other related costs and mortgage payments. I was amazed at how easy it was. Have lived for free ever since and My best deal was a commercial property with a 4-plex that I purchased with credit cards.your financial knowledge is priceless and will always be with me. I like to think of you as my third Dad I have never met! Some day I would love to shake your hand and maybe a big hug would also be in order! Your book was the turning point in my life! Again Thank You! Best Regards, Bryce
Hi good sir... I'm sixteen and I don't like the concept of working 9 to 5 job and now here I am exposing myself to stuff like this. I'm just wondering how many years did it took you to be financially free and how much cash flow do you generate each month?
@Vincent T. it's not about the looks..we can't all be good looking. She stuck with him when he went broke plus he values his marriage & vows he made to her. Companionship trumps empty sex..it's transitory.
I wished robert kiyosaki was my richdad. Imagining he is going to employ me without a paycheck. He is going to teach me personally not working for money!
I've been investing with TERESA JENSEN WHITE's guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management.
Two living beings on the land, standing tall through self knowing,fighting for freedom through learning plus teachings,they have positioned themselves for leadership, of bringing “Truth’’ to the front of history,thy hardest teacher.If I may,hearing plus seeing the love that’s being shared, through responsibility of that team,building the foundation of ‘’ Making Childhood Great Again.‘’One need only to “‘ Just Think About It ‘’ bravo you two,and all who do so.!!! Enjoy, you Leaders.
After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?
Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor
@@MarcelPhilips In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.
@@MarcelPhilips She is MARTHA ALONSO HARA, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@@MarcusFred-wn3iv sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with canning. I've just scheduled a call.
It absolutely blows my mind to see these two billionaires learning and studying. This is humility in full display. They are taking notes and actually fully engaged in the learning process. This proves that it is ok not to know just as long as you are willing to learn it.
I love Robert I introduced my son to reading your book at 11, hes already talking about buying realestate to adults who can't comprehend his knowledge. I love it. He would be a great cohost.
I took care of my mother in law, she has Alszheimers took her with us, lives with us.. My lawyer made a contract between my mother in law and me as her designated caregiver, and got paid in a considerable pay coz she's a relative I'm a licensed CNA.. Mother in law got the best quality of life until she pass away.. I know in my heart she's grateful and thankful.. I live in Arizona.. Robert and Kim.. If you need me, call me.. 😂 I speak Nihonggo.. Great videos..God bless you.. Long live guys.. 😘 🙏❤️😇
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over 4,000 in dividends last month.
It's time to make high value games! Discounted dividend stocks. Ever grateful to my FA Deborah Sue Bohn , I now have a six-figure REIT portfoli, which includes, but is not limited to; AMT, SPG & PSA.... I now have 606 shares of AMT which pays dividends of 3800 per year.
I appreciate Robert's honesty because we are all responsible and accountable for everything that happens to us. He is telling us all EXACTLY what to do (like many keep asking him to do)....get educated and he leads us to teachers that he has been able to trust. We do deserve what we accept for ourselves. I would rather have his "harsh" truth then someone smiling in my face while they insinuate they have my best interest at heart and then they take my money and run. Nobody has my best interest at heart but me; the sooner I understand that the sooner I can take responsibility for my own success. Thanks again, Mr. Kiyosaki. I respect the truth you tell.
since being a sober person or you could say conscious person i agree so much it all about learning the cash flow who from and thanks cos i had learned so much from your show and yes most people are not bothered or don't care about the real money and how to make it and they also the ones who always ask how don't know that all human need to be self -reliant that can turn into much more i'm still learning and will always continue to do . also id say that you and bob proctor who left use all in the beginning of the year
@@jhinp0t NICE! That mind set seems to be very prevalent in eastern cultures, something we westerners could learn for sure. I wish we had that kind of moral compass here, unfortunately it seems too many elders wind up in nursing homes just rotting away waiting to die. I pray that never happens to me. Of course, I live in Alaska, so I could just take a walk in the woods at some point and never come back...people go missing up here all the time. :) God bless you.
@@Adam.Rushing Im sorry to hear that. I never understand why others sent their parents to senior homes (i guess theres still a good reason?)And its kinda sad that according to Kiyosaki it will be a good business, when taking care of elders should be out of love and compassion not by money.
What a great video! An eye opener. Who ever really thinks that far ahead and it’s smart to do so. The cost of assisted living most working man and woman couldn’t afford it unless they are in a subsidized living facility. Thanks for the video!
"she was a real estate person, not a service manager, she was a horrible manager - people dying of starvation and stuf - hahahahahahahaha " savage? yeah
I did note and appreciate how Mr. Menasce was so aggressive on the investment benefits and cash flow potential while still being conscious, sensitive, and motivated to “remember who the client is.”
It’s because he cared. No one here owes anyone anything. It’s tough love that counts, letting people learn lessons on their own with heir own risk of losses. If you give free advice they’re draining from you and they profit off of your losses and lessons learned. Robert is a caring guy just for having these great RUclips videos with plenty of unlimited lessons, and some videos specifically are really good. So if I were anyone I’d watch them.
I have just been moved by Robert`s genuine concern for those in need of Assisted living but can not afford it. That is America. Survival for the fittest. Damn I am glad I live in Western Europe.
All Mrs. Kim's facial expressions, shows just how loyal she is to Mr. Kiyosaki! It's a Great Blessing to have somebody, smart, also, on your, side! God Has Been Waiting on us using our minds, for years! Yet, when we, finally do! We still won't say, Thank You! You sir, have Masters of PhD in what use to be called:. Common Sense! So don't get mad when the unappreciative, think they, know, so, much! Jabez Blessings on you both! And, all that concernth, you! The Most Powerful Investment in the land! Thank you, sir! I Pray that I make you proud one day! I will search you, out when I do! And, the lovely, Mrs. Kim, too! Amen.
How ironic that I decided to listen to your podcast for the first time today! As a Senior focused Entrepreneur for 15 years. I am inspired by your advice to learn from REAL not FAKE people. After being an "IDIOT" in choosing the wrong people to learn from I hope your book offers a definition of who they are so that others can take better-educated risks than I did. The Senior Industry is one that people are often emotionally compelled to dive into before they even know of its business potential. Many are motivated first by FEAR or of solving a 'potential' problem that they have personally experienced. And for some who are keen a business opportunity but, hopefully, both. I appreciated you and Victor clarifying the separation of the business opportunities here. Real Estate and Service. I am on the service side but NOW plan to include the Real Estate component as I am able. Market Saturation is important to decide where to open the next facility but overall- as you mentioned the experience of your friend in Hawaii- "Service" is key to the success of the real estate development. Availability of quality service is an opening to those interested in that arena as well as real estate investors who seek that opportunity to improve what someone else has started but are not achieving fully. Often sales are the bait and switch as your friend may have experienced for his $16,000 a month rate. It happens at all levels. Today there are high-end management companies moving in and taking over failing facilities. Also, hospitality companies such as Marriott, et.al. who are providing services. There is great diversity growing. As Victor said, the competition is HIGH. Another resource you must already know is Argentum. They will give you the current stats on Senior Living Communities. On the point of service or lack thereof... The reality is that there are close to 50 million family caregivers today because families cannot afford home care. The most recent and shocking statistic is that there are MORE FAMILY CAREGIVERS IN HOSPICE (thanks for defining that for your audience) THAN THERE ARE THE PEOPLE THEY CARED FOR. There are a LOT of opportunities to do good here and a LOT of opportunities to grow. Finally, the use of the term "Senior" is certainly one of the most controversial topics. However, people who are older and that understand the positive inference regard it as the most esteemed title of all. Why not when are taught that the proudest of life's accomplishments are when we are a Senior in HS, a Senior in College, a Senior Executive or a Senior Officer. It is only when we use the term to refer to reaching a certain aging status in life that the insinuation of the title plummets to the opposite. Its simply changing the definition from its implication today to what it TRULY is at any age...one of strength, accomplishment, courage, perseverance- that's what it takes to achieve all the great things in life INCLUDING and especially "LIVING" fully until we die. With your new endeavor, you may want to read: Joe Coughlin's (MIT- AGE LAB)- The Longevity Economy to understand the changes we are all undergoing even more clearly. Thanks AGAIN! I can't wait to learn MORE!
Thx for all u r comment. Tell me - is it true that in certain areas evens if there is demand the income is not high enough so buying a property in that area is no good enough cause the rents will not be that good ? So what areas are the best ? Plus I also heard that it is best to get a Assistant LIVING FACILITY to commit and than adjust the house u have accordingly so to rent to them ? If that is true how can one go about finding such senior homes - ALF s etc ? Thx and hope u reply !!
HOA is not the worst all the time. If the HOA is moderate and not horrible, the fees cover real expenses, ie water, landscape, roof, grounds, trash, security etc. What investors dont realize if they can get over the HOA issues, Condos are easy to buy, fix, rent and refi and re-sell due to large buyer pool. Condos can be a good way for first time owners can get a head start with a low down payment and rehab loans and buy, fix and resell in a couple of years. I like condos for all these reasons.
strider007, Yes, I bought a land in 2009 in boca raton to do such a project. You can email me when you are ready ,as I am a senior and do not want to put all my time on it. I can assure you the location and the price is lucrative.
Worst to Best Real Estate Deals: 1. Vacation homes 2. High-Income Single Family Homes 3. Multi-Family Condominiums (Because of H.O.A.’s Home Owner’s Association-don’t like renters) 4. Manufactured Homes (Deals on Wheels) 5. Master Planned Communities (Dreaded HOAs) 6. Single Family (moderate workforce) 7. Senior Housing Senior-Assisted Living …. BEST!!! A. Skilled nursing B. Independent living Dan T
My main problem with Robert's theory is that he is always looking at assets from the point of view cash flow instead of net cash flow and/or profit and loss. When he starts looking at it from the right perspective of net cash flow or net profit/loss, then he will understand that your home could also be an asset cause it knocks off your rental payment from your cash flow and replace it with mortgage payment (which may be lower than the rentals) which invariably improves the net cash flow. There is need to also note that there is a wild world of difference between cash flow and profitability. While cash flow will ensure liquidity in the short run, profitability ensures solvency and going concern status in the long run. Unless there is something I missed, I will appreciate getting clarification on my concern above
Well I think those things go without being said and he probably thinks most people understand that in general. I'm sure he owns a home. What I think he's saying is for younger people looking to invest in a property, invest in a multi family or unit home and live small for a couple years while allowing the 2nd unit to pay for expenses and the mortgage instead of buying a single family home to live in. Yes the mortgage is cheaper than renting but it's still money coming out of pocket and in reality the bank owns that property until you pay it off. I also don't think the initial focus is profitability, like he said he only earned $25 off his first rental investment. The first objective is to reduce expense. But i'm also young and new to a lot of this so idk just my interpretation.
Assisted Living can be very transient. They may be there only 6 mos before going into a nursing home. you just dont know. It takes a special person for sure. Its a phenomenal amount of work. Cooking & Cleaning up after Meals, Cleaning both facility, after meals, etc. and sometimes the residents!, Laundry, Creating Activities, Hair salon visits, Exercise, Monitoring, Keeping certain residents in their lane, Transportation for Dr. Visits, etc., Medication dispensing - requires special qualifications. Its almost a nursing home. Its more than most people realize
I’m 55 and been involved in realestate for many years in Australia ,I don’t know how people are supposed to find the money to pay to stay in assisted living But I can tell you by the time you pay a cook a cleaner a nurse a gardener ,public liability would be 20k,,land tax 15k,building insurance, council compliance red tape,and anything else I could not think of. ,I could not see this working on a small scale, I currently live in Vanuatu where for $150 a week I can have someone ,cook, clean,garden inc vegetables,fruit,meat birds
@@troyx3312 there will be riots looting they don't want that so will give just enough to stop disorder keep people busy with Social Media and keeping up with the Kardasians or start a War get people United..
Social security will continue as it does today, they just print the money, if they print too much, they raise income tax to control the value of the printed money.
Robert goes off😂 Always giving his raw truth. That’s why I keep watching. He’s blunt and it hurts my a little sometimes but it’s because I was being an idiot with my money. Now with his advice I’ll make better decisions and I won’t feel bad about my failures💯🙏🏾 amazing episode 💯
tim campbell lmao ok. He said that in his books tho and in some of his videos. So do your research before you try to bash someone for their success🤷🏾♀️ he still gives great tips and advice sooooo that negative energy you’re giving off is really not needed
@@timcampbell5682 put bacc that long paragraph you had bashing him on things his readers already know. Dont just leave that part. Or just delete you entire reply because you're not being real
tim campbell if you would open your ears when he speaks then you would easily find out! You’re asking me to answer questions from a story that you’re making up😂!
tim campbell you have so much info on him as if you see his finances. I don’t have to believe you because wherever you got your info is most likely from one of those negative blogs that like to bash rich ppl. Instead of finding out how to be rich just like them. Many rich ppl have gone bankrupt. Many of them reveal that. I think you are worried about the wrong things Tim. I’m sorry that you don’t like Robert but I don’t really care 🤷🏾♀️.
I enjoy listening to the content here but I see it is lacking one thing. Financial education is important also in helping people realize that just because some people can’t or don’t want to move out of quadrant E they shouldn’t be the working poor and do deserve better wages, not everyone can or should be in the ab or I quadrants.
It realy caught my attention when he said that having stocks, ETFs etc is having liabilities... and I want to understand more... but how do I get educated on that???
Robert is biased against stocks because he doesn't enjoy the process of studying the companies to find value AND most importantly they are harder to use as collateral to leverage and borrow money to acquire the hard assets he personally enjoys. He's had no problem in other podcasts promoting other businessmen who are experts in evaluating and purchasing equities.
I'm relatively new to Rich Dad, but am all in for taking a real estate course. I was wondering what courses Robert Kiyosaki would recommend. I've searched Google and found courses in Coursera, Udemy, MIT for real estate, and others. Some of the results are unique to specific states while others seem more generic. Would the best course of action be to take as many courses as possible or should I focus on basic principles and market analysis, etc?
Thank you for your dedication to us Kiyosaki, we appreciate that you are a true man of God shinning light through the smoke and muck. You are a trooper
Rich dad brother smart dad advise to invest in information age and sell the project in 7 years and give the money to support start up which should be replicated.Great show great advise great iniative and great authority to talk and answer questions.
I have been investing in condos in Hawaii and it's made me a multi-millionaire. Know your market. If rental income growth is more than HOA fee growth, you are KILLING it, esp with a fixed rate mortgage.
@@Re3iRtH I dont know why hes bashing condos. They can be assets. Also you have less scumbag potential renters. Appartments theres people who are broke and low class which can trash your place. So more $$$
@@christineblack4654 not that much you rent higher. The roof needs to be change, maintenance etc.. you pay for the same shit if u own a house or other multi familly homes.
This one is interesting too: single parents , who tend to end up socially isolated. In Denmark and some other European countries I met people who live with several families ( also some older people) in a large compound . Most people experience this as a very positive and supportive environment . They have a communal kitchen and share some of the chores . But every family has their own apoartment .
Yea I have had a friend who lived in such condition in 2014 but now own an estate currently. I am really following his footsteps because in his words, he says “forex investment is the key”. Currently am investing my bitcoin with his broker Mrs Catherine and over some months now it’s been amazing. I plan to own my own estate soon
That’s the Catherine you talk about,,,,I know her, I was just contemplating if she was the one until you just wrote her email. She has the best method of investing and making profits
Real Estate. Specififically single family home I can live in with my family and then hack it to have a 2 bedroom apartment to rent. Middle class/ working class. Gold, Bitcoin, and undervalued equities are important too. REITS that hold senior housing, hospitals, and clinics are also great.
Michael De santa It is scarce, but not "real"' (intrinsic) value. You can't eat it, drink it, live in it or generate steady income from it. It is only as valuable as (sheep) people make it--I.E. speculation.
Some investors ( often builders ) buy large homes in uni towns for students. Rent by room. 5-6 bedrooms , 3 bathrooms and a communal kitchen with personal lock up small pantries . Would this idea work for Mature affordable housing without being at the assistant living level ?
Older Women Rock, Depend on the state and county , in my opinion.Monitoring a group of students in the USA, is not worth it. In some countries, it is the norm as their mindset is different.
![How To Invest In Real Estate Without Making These Mistakes - Robert Kiyosaki [The Rich Dad Radio]](/img/1.gif)
What's your favorite type of Real Estate investment?
I like your point about separating the Real Estate part from the caregiving part. Very smart.
I bought rental real estate 29 years ago and lately there have been bigots of all types looking to try to put me out of business simply because I was not born with a phallus.
Duplex/triplex
Mini storages.. no tenants or toilets👍🏻
RV Parks since the monthly rental net income totals out to around $300 per/RV. I wouldn't suggest buying RVs for rental, however. Yes, you'll have higher revenue from one but in the end.. inevitable repairs will yield you lower cashflow vs. renting out a space.
Raven is how you see the future. Get smarter, take a class, get educated, it's your money.
How I've lost my last 23 years without knowing about you? I became addicted to your books (audio books, two or three by month), and thank you for your radio show program.
I'm in your bussines, "get out to be an idiot, and became a smart person by finding real teachers and real education about money and anything else in your life".
This is quite an interesting information,
But success depends on the effort and work you put in achieving greatness.
Show me someone without investment or depend on one source of income and I’ll tell you how long it’s gonna take to go bankrupt.
Investing creates a safe haven for the future.
With the right investment choice that has at least 2% minimum risk with the advice of an expert, profits and interest are 100% guaranteed>>
I Concur!! I had a senior colleague at work who lived well but never had an investment, unfortunately his ended so he went from living well to struggling with he’s family.
After going into cryptocurrency investment, I can boldly say it’s one of the best and fast rising investment many people are into now.
No one should have one source of income so invest for tomorrow & for the future..
Oh yeah, it's nice to know someone is making a great difference in the trading zone.
If you don’t mind, can you please make me understand how you made profit investing in cryptocurrency, thanks....
Meeting Mr. Briggs Donald was one of the best things that ever happened to me. I've been making so many profits. Letting you manage my portfolio was one of the best decisions I ever made. Thank you sir, you are a life changer.>..
Oh wow, it’s great to see someone who also benefits from Mr. Briggs Donald. This man is really dominating the trading zone and making things easy for he’s investors.
I’m proud to have you as a mentor, keep up the good works Sir….
Hello, are you guys saying Mr. Briggs is that good?
I’ll like to benefit from he’s investment services, I heard crypto investment is really profitable.
Please how can I contact him??
NONE OF YOUR BILLS SLEPT. THEY KEPT ON BILLINGS AS YOU WERE SLEEPING. IN OTHER WORDS, YOU WOKE UP OWING MORE THAN YOU DID BEFORE SLEEPING. THAT'S WHY YOU NEED 'PASSIVE INCOME'. SO WHEN YOU SLEEP, YOU CAN ALSO MAKE MONEY, NOT JUST DEBTS.
I know of a lady 'Laura fx Jasmine' who's credibility is of no comparison to non
They can talk a great game and dream really big but they lack the courage to just go forth. Stop dreaming about what will be, dreams in themselves are not bad but get up, show up and do something.
I won't stop saying this, because my life has taken another great shape financially
It’s all about vision!! Tradeknology will be a Billion Dollar Brand. Last night ground breaking event in Atlanta, GA was a huge success. Thank you Laura Fx Jasmine for hosting and sharing the vision of investment
While a new survey has revealed rising adoption of cryptocurrency among the world billionaires, as they start experimenting in the digital currency, expanding their investment portfolio beyond traditional profitable assets.
From worst to best real estate investments : 7. Vacation home, 6. Single Family Home (highend) 5. Multi family condos (HOA) 4. Manufacture home 3. Master planned community (HOA) 2. Single Family Home ( moderate workforce) 1. Senior housing.
Thank you! :)
Senior housing is fking crazy.. Here in germany they build new houses and want 1500 for rent. No matter where. Even in small citys. Thats unbelievable.
@@polemisch1046 how much do the houses cost
@@epicgamer496 Around 400-600.000?
@@polemisch1046 How much is regular rent?
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realize that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
You're absolutely right , to be a successful in life required not only hard work but awareness and sometime opportunity at the moment , investment remains the best to start .
Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from *ROCHELLE DUNGCA-SCHREIBER* who's a guru in the game, you can be passively involved with the aid of a professional.
*ROCHELLE DUNGCA-SCHREIBER* is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
Found Rich Dad years ago, thought he was crazy, I feel into the rat race and all the trappings of fake money, lost it all, house, 401k and negative bank account, taking pay day loans just to survive. 7 years ago I finally “really” listened to Robert and now I am debt free, I own realestate and I’m growing several businesses, thank you Robert!!!
*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
@Richmond Fernandez I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$200,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.
@Richmond Fernandez As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.
Personally, I’m blessed and realizing I’m not the only one working with Donald Nathan Scott I will consider myself lucky. I’ve been able to feed and make a living through his advice and great work. For such a person as Donald Nathan Scott, we owe him gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn’t just wise but has all it takes to handle an investment and is good at what he does.
Im from germany. Started at 23 with 30k saved and bought my first apartment.
Now im 33 and my wife an me have 5 units rented out, living in our own place and only have 130k debt.
Yeah i know Richard, we should have more debt ;)
And no, i didnt get a fortune from my dad or have a high income.
You can do it!
Debt is really someone else's money working for you...
Hey I currently live in Germany, is it possible for me to contact you? I want to learn some stuff about this real estate stuff? I really need a mentor who can speak english
Gala But is dept not like you have to owe the bank money or the bank owes you? I don’t understand the Dept part 😂
@@MR-kb7qi The beautiful part of the debt is that you take from a bank someone else's money, make them work for you, which allow you to cover the debt and create the cashflow...The debt or money themselves are just virtual agreement. If you understand this you will stop being afraid of getting in a good debt.
Gala Thank you for your info on Debt, You see I know the Real astate Big But it’s just the money an bank financial side I have trouble with 😂😁 So you take out a Loan (Dept) an the rent will pay that loan off(Turns to good dept) Then you will begin to make Profit 😁👍🏻
I'm a millennial who soon will have to take care of my greatest generation grandparents because my Boomer/genx parents can't take care of themselves. If I hadn't found mentors such as Rich Dad my family would be so much worse off..... Keep preaching Robert and Kim! We are listening, learning and doing!
My dad who recently passed away rented to an old fart years before he died. When I took over the property I noticed that he was paying half the going rate. It turned out the guy was a Korean war buddy of my dad's so I figured I'd just leave it be. The guy has been no trouble at all and he keeps the grounds clean just so he can stay busy.
obsolete professor, Sometimes it is not always good returns. I always believe that your generosity will come back to you in other forms.
Good on you. In the long run, you still gain.
Sir, you earned my respect
@@fp3cr7 his dad as well
Sry bout your loss
Just love the way Robert gets grumpy and tired of the same questions over and over again. He is telling people what to do. TAKE CLASSES. learn from the real guys. This man spends his time telling us people. And his time is valuable. Respect for the old guys like Kiyosaki, Trump and Rickards.
Trump's wealth comes from his father and Moscow gangsters. He launders money for them. Trump and Kiyosaki - two frauds!
@@busterbiloxi3833 now bring some arguments buddy.
@@boytimmers5631 Surrender to the police now and go to jail.
@@busterbiloxi3833 proper answer buddy.
@@boytimmers5631Kiyosaki says "Take classes". He means "Give me your money". As for you, Boy, Trump hates you and yet you voted for him. He totally hates you!
Kim I love you guys and your husband's NO nonsense attitude is so delightful! If everyone could be this honest and straight forward we will all be more successful. Thanks so much for sharing you are such great people! Stay blessed!
Robert Kiyosaki, I would like to thank you for your book Rich dad poor dad! I read Rich dad poor dad in my late teens to early 20s. I had two dads also, a stepfather and a real dad. Your book Rich dad poor dad explains asset and liability very well. I was able to relate due to the fact that my stepfather was a master Japanese upholster that owned a home and a four Plex rental unit. My real father always had a good job but never owned a home let alone rental units. Your book made me pay close attention to my two fathers and i saw the concept very quickly. I had bought a small manufactured home for 8k just prior to reading your book Rich Dad Poor Dad and sold it for 10k shortly after reading you book. I then bought a 4-plex with a FHA owner occupied 8.5% loan with the 10k from the sale of the manufactured home for down payment. I lived for free in one unit and rented the 3 remaining units to pay all other related costs and mortgage payments. I was amazed at how easy it was. Have lived for free ever since and My best deal was a commercial property with a 4-plex that I purchased with credit cards.your financial knowledge is priceless and will always be with me. I like to think of you as my third Dad I have never met! Some day I would love to shake your hand and maybe a big hug would also be in order! Your book was the turning point in my life! Again Thank You!
Best Regards,
Bryce
Hi good sir... I'm sixteen and I don't like the concept of working 9 to 5 job and now here I am exposing myself to stuff like this. I'm just wondering how many years did it took you to be financially free and how much cash flow do you generate each month?
Robert so lucky to have Kim. Sounds great. Great energy!! Kim you were great on the London Reel!
@Vincent T. lol
@Vincent T. y? Cause that's what every1 else does? U come across as morally bankrupt.
@Vincent T. it's not about the looks..we can't all be good looking. She stuck with him when he went broke plus he values his marriage & vows he made to her. Companionship trumps empty sex..it's transitory.
I wished robert kiyosaki was my richdad. Imagining he is going to employ me without a paycheck. He is going to teach me personally not working for money!
No not without a paycheck atleast not at first remember you start at .30 cents a week before dropping you down to zero
I've been investing with TERESA JENSEN WHITE's guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management.
That's great, please how can I find this company of hers?
*TERESA JENSEN WHITE,* that's her official page name you can do a web search to get in touch with her
Wow,...found her page
Knowing her has been the greatest thing that has ever happened to me, it turned my life story to a success story. God Bless TERESA JENSEN WHITE
Thank you for sharing this!
Two living beings on the land, standing tall through self knowing,fighting for freedom through learning plus teachings,they have positioned themselves for leadership, of bringing “Truth’’ to the front of history,thy hardest teacher.If I may,hearing plus seeing the love that’s being shared, through responsibility of that team,building the foundation of ‘’ Making Childhood Great Again.‘’One need only to “‘ Just Think About It ‘’ bravo you two,and all who do so.!!! Enjoy, you Leaders.
After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?
Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor
@@MarcelPhilips In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.
@@MarcusFred-wn3iv Please provide the information for your investment advisor here. I really need it now.
@@MarcelPhilips She is MARTHA ALONSO HARA, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@@MarcusFred-wn3iv sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with canning. I've just scheduled a call.
Great radio show public service. Kim is so nice to you. I saw you guys first when attending a huge real estate convention in SF.
Great to have found real teachers, thanks Robert and Kim.
Who knew the answer before listening? Love the conversation!
Not me. I waa thinking single family homes. I knew mobile homes werent.
@@Plagueis313 definitely not single family homes. its always multi unit buildings
@@leeroymlg4692 Like condo/apartment buildings?
It absolutely blows my mind to see these two billionaires learning and studying. This is humility in full display. They are taking notes and actually fully engaged in the learning process. This proves that it is ok not to know just as long as you are willing to learn it.
THank You, Guys. Great information. Much Love Juan.
I love Robert I introduced my son to reading your book at 11, hes already talking about buying realestate to adults who can't comprehend his knowledge. I love it. He would be a great cohost.
Your son sounds like a rockstar!!
U need to let your wife do the show
She's not fake
What an amazing couple. They make an extremely intelligent team!
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I just liked, and Subscribed. I Appreciate you Smart Couple. In my Country Cameroon, we take care of our parents and Grandparents
100% real , I salute the real teachers 😍
yaya if your rich! none of this will help if your poor.
I listen Roberts advice ! Now Im building my own business and when I have the cash flow I will invest in real estate !
I love your education robert !
Yes if you dont go bankrupt
I would like to say how helpful your program is. It is also very funny
what program?
@@Officiallyrileyy I was using the old term for radio show. Just like a tv program.
90% of people are stupid. Amen to that. Thank you Robert. The funniest and at the same time useful infomercial I've see in a very long time.
Glad you guys finally added the video version of these radio shows. :)
Hello Robert and Kim I am in Australia and love your channel, thank you.
I took care of my mother in law, she has Alszheimers took her with us, lives with us.. My lawyer made a contract between my mother in law and me as her designated caregiver, and got paid in a considerable pay coz she's a relative I'm a licensed CNA.. Mother in law got the best quality of life until she pass away.. I know in my heart she's grateful and thankful.. I live in Arizona.. Robert and Kim.. If you need me, call me.. 😂 I speak Nihonggo.. Great videos..God bless you.. Long live guys.. 😘 🙏❤️😇
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over 4,000 in dividends last month.
It's time to make high value games! Discounted dividend stocks. Ever grateful to my FA Deborah Sue Bohn , I now have a six-figure REIT portfoli, which includes, but is not limited to; AMT, SPG & PSA.... I now have 606 shares of AMT which pays dividends of 3800 per year.
Mind if I ask you to recommend how to reach this particular FA you using their service? Seems you've figured it all out unlike the rest of us.
Most likely, you can find her basic information online; you are welcome to do further study.
I appreciate Robert's honesty because we are all responsible and accountable for everything that happens to us. He is telling us all EXACTLY what to do (like many keep asking him to do)....get educated and he leads us to teachers that he has been able to trust. We do deserve what we accept for ourselves. I would rather have his "harsh" truth then someone smiling in my face while they insinuate they have my best interest at heart and then they take my money and run. Nobody has my best interest at heart but me; the sooner I understand that the sooner I can take responsibility for my own success. Thanks again, Mr. Kiyosaki. I respect the truth you tell.
Robert was fired up today!! I LOVED it!! And Kim was outstanding, as always. Can't wait for the next one.
Thanks
since being a sober person or you could say conscious person i agree so much it all about learning the cash flow who from and thanks cos i had learned so much from your show and yes most people are not bothered or don't care about the real money and how to make it and they also the ones who always ask how don't know that all human need to be self -reliant that can turn into much more
i'm still learning and will always continue to do . also id say that you and bob proctor who left use all in the beginning of the year
Im in a country where we dont have senior homes, I mean its tradition, we asians, take care of our elders in our home.
That is AWESOME! Which country?
@@Adam.Rushing here in the Philippines
@@jhinp0t NICE! That mind set seems to be very prevalent in eastern cultures, something we westerners could learn for sure. I wish we had that kind of moral compass here, unfortunately it seems too many elders wind up in nursing homes just rotting away waiting to die. I pray that never happens to me. Of course, I live in Alaska, so I could just take a walk in the woods at some point and never come back...people go missing up here all the time. :)
God bless you.
@@Adam.Rushing Im sorry to hear that. I never understand why others sent their parents to senior homes (i guess theres still a good reason?)And its kinda sad that according to Kiyosaki it will be a good business, when taking care of elders should be out of love and compassion not by money.
@The Doctor Really? So theres a 10% chance that their children will take care of them?
What a great video! An eye opener. Who ever really thinks that far ahead and it’s smart to do so. The cost of assisted living most working man and woman couldn’t afford it unless they are in a subsidized living facility. Thanks for the video!
Hi Kelly if your interested in growing your crypto portfolio balance kindly contact
44:10, I remember in "Rich Dad poor Dad" book when you asked your poor Dad about making money, he responded that you should ask your Rich Dad.
Rich Dad is a great program. I've following Rich Dad's wisdom in real estate.
Damn Robert can be straight up savage. "She deserved to go bankrupt." This guy's serious about education.
"she was a real estate person, not a service manager, she was a horrible manager - people dying of starvation and stuf - hahahahahahahaha " savage? yeah
@@mremington8 I died when he started laughing at that and the other dude was straight silent lol
I did note and appreciate how Mr. Menasce was so aggressive on the investment benefits and cash flow potential while still being conscious, sensitive, and motivated to “remember who the client is.”
It’s because he cared. No one here owes anyone anything. It’s tough love that counts, letting people learn lessons on their own with heir own risk of losses. If you give free advice they’re draining from you and they profit off of your losses and lessons learned. Robert is a caring guy just for having these great RUclips videos with plenty of unlimited lessons, and some videos specifically are really good. So if I were anyone I’d watch them.
@@anthonybish4590 Timestamp
I have just been moved by Robert`s genuine concern for those in need of Assisted living but can not afford it. That is America. Survival for the fittest. Damn I am glad I live in Western Europe.
Kim and Robert, what a great team! I feel my husband and I are like you guys!!
All Mrs. Kim's facial expressions, shows just how loyal she is to Mr. Kiyosaki! It's a Great Blessing to have somebody, smart, also, on your, side! God Has Been Waiting on us using our minds, for years! Yet, when we, finally do! We still won't say, Thank You! You sir, have Masters of PhD in what use to be called:. Common Sense! So don't get mad when the unappreciative, think they, know, so, much! Jabez Blessings on you both! And, all that concernth, you! The Most Powerful Investment in the land! Thank you, sir! I Pray that I make you proud one day! I will search you, out when I do! And, the lovely, Mrs. Kim, too! Amen.
Thank you Robert and Kim I definitely appreciate all of your time and knowledge.
Don't let anyone stop your sense of humor Robert. I enjoyed it.
Thank you so much for the things that you teach us! Your information saves years of sorrow!!!
How ironic that I decided to listen to your podcast for the first time today!
As a Senior focused Entrepreneur for 15 years. I am inspired by your advice to learn from REAL not FAKE people. After being an "IDIOT" in choosing the wrong people to learn from I hope your book offers a definition of who they are so that others can take better-educated risks than I did.
The Senior Industry is one that people are often emotionally compelled to dive into before they even know of its business potential. Many are motivated first by FEAR or of solving a 'potential' problem that they have personally experienced. And for some who are keen a business opportunity but, hopefully, both.
I appreciated you and Victor clarifying the separation of the business opportunities here. Real Estate and Service. I am on the service side but NOW plan to include the Real Estate component as I am able.
Market Saturation is important to decide where to open the next facility but overall- as you mentioned the experience of your friend in Hawaii- "Service" is key to the success of the real estate development. Availability of quality service is an opening to those interested in that arena as well as real estate investors who seek that opportunity to improve what someone else has started but are not achieving fully. Often sales are the bait and switch as your friend may have experienced for his $16,000 a month rate. It happens at all levels. Today there are high-end management companies moving in and taking over failing facilities. Also, hospitality companies such as Marriott, et.al. who are providing services. There is great diversity growing.
As Victor said, the competition is HIGH. Another resource you must already know is Argentum. They will give you the current stats on Senior Living Communities.
On the point of service or lack thereof... The reality is that there are close to 50 million family caregivers today because families cannot afford home care. The most recent and shocking statistic is that there are MORE FAMILY CAREGIVERS IN HOSPICE (thanks for defining that for your audience) THAN THERE ARE THE PEOPLE THEY CARED FOR. There are a LOT of opportunities to do good here and a LOT of opportunities to grow.
Finally, the use of the term "Senior" is certainly one of the most controversial topics. However, people who are older and that understand the positive inference regard it as the most esteemed title of all. Why not when are taught that the proudest of life's accomplishments are when we are a Senior in HS, a Senior in College, a Senior Executive or a Senior Officer. It is only when we use the term to refer to reaching a certain aging status in life that the insinuation of the title plummets to the opposite. Its simply changing the definition from its implication today to what it TRULY is at any age...one of strength, accomplishment, courage, perseverance- that's what it takes to achieve all the great things in life INCLUDING and especially "LIVING" fully until we die. With your new endeavor, you may want to read: Joe Coughlin's (MIT- AGE LAB)- The Longevity Economy to understand the changes we are all undergoing even more clearly. Thanks AGAIN! I can't wait to learn MORE!
Thx for all u r comment. Tell me - is it true that in certain areas evens if there is demand the income is not high enough so buying a property in that area is no good enough cause the rents will not be that good ? So what areas are the best ? Plus I also heard that it is best to get a Assistant LIVING FACILITY to commit and than adjust the house u have accordingly so to rent to them ? If that is true how can one go about finding such senior homes - ALF s etc ? Thx and hope u reply !!
Hi Robert, GREAT CHANNEL, YOUR KNOWLEDGE ISS POWERFUL
HOA is not the worst all the time. If the HOA is moderate and not horrible, the fees cover real expenses, ie water, landscape, roof, grounds, trash, security etc. What investors dont realize if they can get over the HOA issues, Condos are easy to buy, fix, rent and refi and re-sell due to large buyer pool. Condos can be a good way for first time owners can get a head start with a low down payment and rehab loans and buy, fix and resell in a couple of years. I like condos for all these reasons.
Apartment complexes and senior housing. Is what I look forward to once I take the leap into real estate.
strider007, Yes, I bought a land in 2009 in boca raton to do such a project. You can email me when you are ready ,as I am a senior and do not want to put all my time on it. I can assure you the location and the price is lucrative.
Robert's feeling frosty today....
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i like it
Thank you for keep educating us!!
Love Robert’s dark humor!!
Thanks for the comment, Get to us on Telegram page @Therichdadchannel, to continue trading.
Worst to Best Real Estate Deals:
1. Vacation homes
2. High-Income Single Family Homes
3. Multi-Family Condominiums (Because of H.O.A.’s Home Owner’s Association-don’t like renters)
4. Manufactured Homes (Deals on Wheels)
5. Master Planned Communities (Dreaded HOAs)
6. Single Family (moderate workforce)
7. Senior Housing Senior-Assisted Living …. BEST!!!
A. Skilled nursing
B. Independent living
Dan T
My main problem with Robert's theory is that he is always looking at assets from the point of view cash flow instead of net cash flow and/or profit and loss. When he starts looking at it from the right perspective of net cash flow or net profit/loss, then he will understand that your home could also be an asset cause it knocks off your rental payment from your cash flow and replace it with mortgage payment (which may be lower than the rentals) which invariably improves the net cash flow.
There is need to also note that there is a wild world of difference between cash flow and profitability. While cash flow will ensure liquidity in the short run, profitability ensures solvency and going concern status in the long run.
Unless there is something I missed, I will appreciate getting clarification on my concern above
Well I think those things go without being said and he probably thinks most people understand that in general. I'm sure he owns a home. What I think he's saying is for younger people looking to invest in a property, invest in a multi family or unit home and live small for a couple years while allowing the 2nd unit to pay for expenses and the mortgage instead of buying a single family home to live in. Yes the mortgage is cheaper than renting but it's still money coming out of pocket and in reality the bank owns that property until you pay it off. I also don't think the initial focus is profitability, like he said he only earned $25 off his first rental investment. The first objective is to reduce expense. But i'm also young and new to a lot of this so idk just my interpretation.
8:00
1. senior housing : investment in " assisted living "
15:00
" assisted living " is it a Real Estate investment?
..
THANK YOU SO MUCH FOR SHARING US GUYS 🖊🌎
And for sharing with us
Assisted Living can be very transient. They may be there only 6 mos before going into a nursing home. you just dont know. It takes a special person for sure. Its a phenomenal amount of work. Cooking & Cleaning up after Meals, Cleaning both facility, after meals, etc. and sometimes the residents!, Laundry, Creating Activities, Hair salon visits, Exercise, Monitoring, Keeping certain residents in their lane, Transportation for Dr. Visits, etc., Medication dispensing - requires special qualifications. Its almost a nursing home. Its more than most people realize
Rich Dad with the savage humour! love it.
I’m 55 and been involved in realestate for many years in Australia ,I don’t know how people are supposed to find the money to pay to stay in assisted living
But I can tell you by the time you pay a cook a cleaner a nurse a gardener ,public liability would be 20k,,land tax 15k,building insurance, council compliance red tape,and anything else I could not think of. ,I could not see this working on a small scale, I currently live in Vanuatu where for $150 a week I can have someone ,cook, clean,garden inc vegetables,fruit,meat birds
When social security evaporates and interest rates go negative, how will seniors pay the rent?
family members
Social will always be there.. otherwise people would start a Civil War.. that's how they control the poor.. giving them scraps
Sam Sam why would they start a civil war?
@@troyx3312 there will be riots looting they don't want that so will give just enough to stop disorder keep people busy with Social Media and keeping up with the Kardasians or start a War get people United..
Social security will continue as it does today, they just print the money, if they print too much, they raise income tax to control the value of the printed money.
Thanks ...ty for your books to. Good show.
My family and I took care of my DAD until he passed. RIP Wally
this is true value from a real teacher
Robert goes off😂 Always giving his raw truth. That’s why I keep watching. He’s blunt and it hurts my a little sometimes but it’s because I was being an idiot with my money. Now with his advice I’ll make better decisions and I won’t feel bad about my failures💯🙏🏾 amazing episode 💯
tim campbell lmao ok. He said that in his books tho and in some of his videos. So do your research before you try to bash someone for their success🤷🏾♀️ he still gives great tips and advice sooooo that negative energy you’re giving off is really not needed
@@timcampbell5682 why do you keep changing/editing your original reply😂
@@timcampbell5682 put bacc that long paragraph you had bashing him on things his readers already know. Dont just leave that part. Or just delete you entire reply because you're not being real
tim campbell if you would open your ears when he speaks then you would easily find out! You’re asking me to answer questions from a story that you’re making up😂!
tim campbell you have so much info on him as if you see his finances. I don’t have to believe you because wherever you got your info is most likely from one of those negative blogs that like to bash rich ppl. Instead of finding out how to be rich just like them. Many rich ppl have gone bankrupt. Many of them reveal that. I think you are worried about the wrong things Tim. I’m sorry that you don’t like Robert but I don’t really care 🤷🏾♀️.
Thank You Robert, Kim and Victor
Robert and Kim, thx for everything
Powerful video
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I enjoy listening to the content here but I see it is lacking one thing. Financial education is important also in helping people realize that just because some people can’t or don’t want to move out of quadrant E they shouldn’t be the working poor and do deserve better wages, not everyone can or should be in the ab or I quadrants.
You two are awesome thank you again
It realy caught my attention when he said that having stocks, ETFs etc is having liabilities... and I want to understand more... but how do I get educated on that???
Just google it or read some book, watch yt or some course, it's that easy, good luck man💪
Robert is biased against stocks because he doesn't enjoy the process of studying the companies to find value AND most importantly they are harder to use as collateral to leverage and borrow money to acquire the hard assets he personally enjoys. He's had no problem in other podcasts promoting other businessmen who are experts in evaluating and purchasing equities.
Start with his first book
Rich Dad Poor Dad
I'm relatively new to Rich Dad, but am all in for taking a real estate course. I was wondering what courses Robert Kiyosaki would recommend. I've searched Google and found courses in Coursera, Udemy, MIT for real estate, and others. Some of the results are unique to specific states while others seem more generic. Would the best course of action be to take as many courses as possible or should I focus on basic principles and market analysis, etc?
Thank you for your dedication to us Kiyosaki, we appreciate that you are a true man of God shinning light through the smoke and muck. You are a trooper
Rich dad brother smart dad advise to invest in information age and sell the project in 7 years and give the money to support start up which should be replicated.Great show great advise great iniative and great authority to talk and answer questions.
I agree, condos though relatively inexpensive can be expensive with the HOA. 😥
the one i live in keeps jacking the hoa fee they might jack my rent.
I have been investing in condos in Hawaii and it's made me a multi-millionaire. Know your market. If rental income growth is more than HOA fee growth, you are KILLING it, esp with a fixed rate mortgage.
@@Re3iRtH I dont know why hes bashing condos. They can be assets. Also you have less scumbag potential renters. Appartments theres people who are broke and low class which can trash your place. So more $$$
condos fees$$$$$$$$$$$$$$$$$$$$$$$
@@christineblack4654 not that much you rent higher. The roof needs to be change, maintenance etc.. you pay for the same shit if u own a house or other multi familly homes.
Forget what’s “hot” when it comes to real estate investing. In this economic climate you don’t want that, you want what’s “safe“ in real estate. 😉👌🏼
This one is interesting too: single parents , who tend to end up socially isolated. In Denmark and some other European countries I met people who live with several families ( also some older people) in a large compound . Most people experience this as a very positive and supportive environment . They have a communal kitchen and share some of the chores . But every family has their own apoartment .
Very interesting! I love the concept!
Yea I have had a friend who lived in such condition in 2014 but now own an estate currently. I am really following his footsteps because in his words, he says “forex investment is the key”. Currently am investing my bitcoin with his broker Mrs Catherine and over some months now it’s been amazing. I plan to own my own estate soon
Amanda Agueda You can reach her via >> Catherines trading>>> (catherine.investbtc@gmail.Com) . A trial will convince you
That’s the Catherine you talk about,,,,I know her, I was just contemplating if she was the one until you just wrote her email. She has the best method of investing and making profits
Is it possible to invest from Pakistan, can she help me?
I hope you never change Robert you really crack me up. I love your insensitivity and realness about all of ending phases. Your the best. 😂
Real Estate. Specififically single family home I can live in with my family and then hack it to have a 2 bedroom apartment to rent. Middle class/ working class. Gold, Bitcoin, and undervalued equities are important too. REITS that hold senior housing, hospitals, and clinics are also great.
Hi Robert very glad to have people like you itching about money , my ? Is which web site should I go to take R E classes
My man Robert keeping it real so true what he said
You are correct.............Real teachers are the way...................
I work and spend half of my paycheck on real value which is silver and gold
Michael De santa gold has gone up 20% in the last 3 months. Pretty impressive. Time to buy. See Hidden secrets of money by Mike Maloney
Michael De santa It is scarce, but not "real"' (intrinsic) value. You can't eat it, drink it, live in it or generate steady income from it. It is only as valuable as (sheep) people make it--I.E. speculation.
I have been student and a fan for over two decades
Some investors ( often builders ) buy large homes in uni towns for students. Rent by room. 5-6 bedrooms , 3 bathrooms and a communal kitchen with personal lock up small pantries . Would this idea work for Mature affordable housing without being at the assistant living level ?
Older Women Rock, Depend on the state and county , in my opinion.Monitoring a group of students in the USA, is not worth it. In some countries, it is the norm as their mindset is different.
Robert, great info, so much good stuff.
Interesting stuff 🤔
This is very interesting topic, Robert and Kim.
How do you get started in assisted living if you are just starting? The deals in the cashflow game how do you find them in real life?
its so good ty
This was insanely informative! Omg thank you sooo much! Your podcast is changing my life :)
You guys need to put a transcript in your comments or a link to your transcript, so people can ctrl + shift important sections.
Lol. My teacher does this business. Funny because my teacher explained it to me how to do a business like this. I should have listen more. Lol. Omg.
What was your teacher's name? Find her.
@@aaliyah-tiffanysiamaffirma1809
His name was Dennis. Now Retired.
Robert! You’re right about getting educated from real teacher. Do you have a certain real estate seminar that you recommend?
This is not for anyone just getting started.
I love their chemistry 😍😍😍
After subscripting to this channel I deleted all the new car videos
Hi Jose if your interested in growing your crypto balance contact me
+1 6074318393
Thank you Robert and Kim.