"Stupidity is when euphoria affects your thinking" Never truer words when investing in real estate. All decisions should maximize cash flow above everything else
This is true in most areas of life. Success euphoria kills the success itself. Life is so damn complicated. You cannot even enjoy it without being punished :))
@@eezy251able I love to be challenged like that! Sarcastic comments like yours only inspire me to achieve the impossible! At the moment, I am over 50, don't have to work for income, and I have about 1M $ in equity. I could purchase a home in the USA and get stay permit as I have additional capital in savings and land. I don't need good luck; I am an investor. ☺
Kyosaki "does that make sense you guys' now is stuck in my mind. Everytime I read his book or read a investment article/pitch I always hear his "Does that make sense to you guys?"
The internet has so much opportunity available where simply posting valuable evergreen content to viewers may help you earn extra capital. I wish I'd adopted this practice sooner because becoming an entrepreneur helps me spend more time with family, friends and of course provide valuable content to my viewers and that really excites me. The internet is here and it is very mature, flooded with so much available opportunity. All we have to do is take action and of course to take full advantage. Good luck and happy holidays to everyone.
This is happening in CANADA as we speak. Real estate prices is through the roof especially in big cities and gta. Most Homes are a million dollars. People are lining up buying more properties using equity in their current homes driving prices even higher and most investment properties especially in and around gta can’t be positive cash flow with 20% down payment cause rents are high but home prices are even higher. So don’t know how long this will keep going here in the north.
I am very open to learning but I’m wondering what to do if I don’t have enough money for a “cash flow project” YET... I can’t buy a house to rent it out, but flipping that house is an option by taking out a loan and paying it back once the house is sold. I have read Rich Dad Poor Dad and love that. Can anyone help me (any wisdom)?
Dont be in a hurry to buy be in a hurry to learn... Learn markets by watching & wait for market to go from a sellers to a buyer's market... Learn how to structure property correctly with a LLC. Also can look at maybe buying FHA & get a DUPLEX TRIPLEX or FOUR PLEX. MOVE IN ONE & RENT OTHER OUT IN A GOOD AREA. Pay attention to markets. Know your market. Including the materials to use & how to depreciate your property once you are ready to rent it out you will be fine. Know your #s! Buy & hold... use FHA & 203K to advantage until you have more $ to buy next property... Prepare for markets to fall & be ready when they do. It's a matter of time. You will find good deals.
No Problem when I check & update my books i will send you a few good ones you can read that will help explain different processes you can learn from. Alot of times your local library MELCAT will order books & audios for you & you can keep them up to 3 weeks & extend 3 more b4 they are due back! Take your time & get educated on real estate. Then when ready start with something small that will cash flow for you long term & buy low so if you ever haft to sell at least your chances to loose will be lower. Remember there is no reward with out risk! When you feel ready. Pull the trigger. Once you have looked & evaluated at least 50-100 deals. Invest close in the area you know 1st. Dont go in areas you dont know. High Risk! Look out for some titles that I use to get me started... Good Luck!
E.g. value was 100 dollars once you start managing, do repairs, add more staffs which were not there e.g. washing machines. Call valuation group, the amount changes from 100 to maybe 156 ot 206dollars. That's my perspective
@@JP5466 Haaa, I didnt think itvws recent because real estate is getting ready to roll over again. And pensions are Toast as Danielle Dimartino says. Baby boomers downsizing from here on out and selling thier second and 3rd homes to get cash to make up for the market crash comin.
Those people who place blame on their poor investments obviously were not schooled on the 3 E's: Education, Experience, Excess Cash. And the real Asset (or Liability) is the Investor, not the Investment. Rich Dad, Poor Dad 101 - Learn the rules, master the game.
should i finance a rental property for 30 years ??? 30 years will give me MAXIMUM CASH FLOW ....it will be a fixed rate mortgage...... thank you for your answer....... i own 23 rentals that are paid for because instead of using LEVERAGE , i wanted them paid off so i paid extra and paid them off 18 years early.... im now understanding LEVERAGE and plan to just finance the next 10 and use the CASH FLOW STRATEGY....... SO AGAIN, DO I FINANCE THE NEXT 10 FOR 30 YEARS BECAUSE I WILL CASH FLOW GREATLY ???? THANKS AGAIN
sr robert es una opinion yo creo que Venezuela es una gran oportunidad de bienes raices ya que no cuestan casi nada si lo desde el punto de vista de una persona fuera del pais
You should have that cash flow pay for t shrts with the drawings , have young people where them , with hopes that people ask . And than explain it . I think it would help retrain the brains of young American .
Farida Sultana and yes I call you a bitch , because that’s what you are . only a bitch would say an ignorant comment like This . I hate people like you . I truly do , this is like me saying why would I listen to this guy who clearly can’t draw houses
Hi, I like your videos but may you make me a favor? We want to know how to manage good and bad employees in a video. Please. Thanks. Greetings from Colombia
sr robert es una opinion yo creo que Venezuela es una gran oportunidad de bienes raices ya que no cuestan casi nada si lo desde el punto de vista de una persona fuera del pais
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"Stupidity is when euphoria affects your thinking"
Never truer words when investing in real estate.
All decisions should maximize cash flow above everything else
This is true in most areas of life. Success euphoria kills the success itself. Life is so damn complicated. You cannot even enjoy it without being punished :))
Tru
Thank you Robert for all the education... You've changed my thinking. May you live long.
The answer we all came here for:
@5:40: The difference between "The Cash Flow Strategy" and "The Capital Gain Strategy"
THIS IS THE FORMULA TO BE RICH:
Acquire 4 GREEN HOUSES , then exchange them for 1 RED HOTEL
your welcome.
Already there with 5 green houses, looking for a hotel :-)
What do you mean
@@goodprowealth8087 Never played monopoly?
Tyson Spiller with determination and smart work I can
@@eezy251able I love to be challenged like that! Sarcastic comments like yours only inspire me to achieve the impossible! At the moment, I am over 50, don't have to work for income, and I have about 1M $ in equity. I could purchase a home in the USA and get stay permit as I have additional capital in savings and land. I don't need good luck; I am an investor. ☺
The more you learn, the more you earn
So Cliche
Farida Sultana so important
Kyosaki "does that make sense you guys' now is stuck in my mind. Everytime I read his book or read a investment article/pitch I always hear his "Does that make sense to you guys?"
The internet has so much opportunity available where simply posting valuable evergreen content to viewers may help you earn extra capital. I wish I'd adopted this practice sooner because becoming an entrepreneur helps me spend more time with family, friends and of course provide valuable content to my viewers and that really excites me. The internet is here and it is very mature, flooded with so much available opportunity. All we have to do is take action and of course to take full advantage. Good luck and happy holidays to everyone.
Juice How ?
@@Lj22 Wtf🤷🏾♂️
@@Lj22 Don't listen to him, he is bsing and he doesn't have any clue
Thanks so much for the awesome video 🔥 This will definitely help me Become Wealthy and Improve my Finances!! Keep it up! 💯💯🙌
What year is this video from? Good info.
at least 30 years old
Thank you for pointing out that, and I am moving on right now 😁
This is happening in CANADA as we speak. Real estate prices is through the roof especially in big cities and gta. Most Homes are a million dollars. People are lining up buying more properties using equity in their current homes driving prices even higher and most investment properties especially in and around gta can’t be positive cash flow with 20% down payment cause rents are high but home prices are even higher. So don’t know how long this will keep going here in the north.
Prices are high ??? only a fool will buy RE in such a market
Is it 20% these days for down payment? Are the days of 5% dp gone? I left canada 15 yrs ago so curious how that has changed.
Love this kind pf video ♥️
Great video. 👌🏿😎🌴
I agree
Here’s the trick!! That refi money can’t touch your hands! You gotta move it into the next deal so don’t refi until you find a deal!
today am the first to comment. Watching from Kenya
Wakenya tuko pamoja
Ngari Muchiri Africa is the future !
@@goodprowealth8087 Yea bro
@@Lozo39 Yea and the future starts now
It's Sooo true 🙏👍👌
I am very open to learning but I’m wondering what to do if I don’t have enough money for a “cash flow project” YET... I can’t buy a house to rent it out, but flipping that house is an option by taking out a loan and paying it back once the house is sold. I have read Rich Dad Poor Dad and love that. Can anyone help me (any wisdom)?
Dont be in a hurry to buy be in a hurry to learn... Learn markets by watching & wait for market to go from a sellers to a buyer's market...
Learn how to structure property correctly with a LLC.
Also can look at maybe buying FHA & get a DUPLEX TRIPLEX or FOUR PLEX. MOVE IN ONE & RENT OTHER OUT IN A GOOD AREA. Pay attention to markets. Know your market. Including the materials to use & how to depreciate your property once you are ready to rent it out you will be fine. Know your #s! Buy & hold... use FHA & 203K to advantage until you have more $ to buy next property...
Prepare for markets to fall & be ready when they do. It's a matter of time. You will find good deals.
Thank you so much for your response, appreciate it SO much.
No Problem when I check & update my books i will send you a few good ones you can read that will help explain different processes you can learn from. Alot of times your local library MELCAT will order books & audios for you & you can keep them up to 3 weeks & extend 3 more b4 they are due back! Take your time & get educated on real estate. Then when ready start with something small that will cash flow for you long term & buy low so if you ever haft to sell at least your chances to loose will be lower. Remember there is no reward with out risk! When you feel ready. Pull the trigger. Once you have looked & evaluated at least 50-100 deals. Invest close in the area you know 1st. Dont go in areas you dont know. High Risk!
Look out for some titles that I use to get me started... Good Luck!
Okay, thanks again!
Thank you 😁
what do you mean by property management to increase its value?
E.g. value was 100 dollars once you start managing, do repairs, add more staffs which were not there e.g. washing machines. Call valuation group, the amount changes from 100 to maybe 156 ot 206dollars.
That's my perspective
That is exactly I'm doing I would love to meet you in person and teach me
Very nice
when was this filmed?
So, how can you start if you don't have money ?
What does it mean from buying at 11mn and adding value to refinance it for 17mn ?
When was this seminar done?
Over 10 years ago. Robert still has all his hair.
@@JP5466 Haaa, I didnt think itvws recent because real estate is getting ready to roll over again. And pensions are Toast as Danielle Dimartino says. Baby boomers downsizing from here on out and selling thier second and 3rd homes to get cash to make up for the market crash comin.
He has his original teeth here too, IIRC.
@@NUCLEARARMAMENT haaa
Thank you so much Robert, God bless you. Giving out GEMS absolutely free , giving the people the education they need! #RichDadForever
Those people who place blame on their poor investments obviously were not schooled on the 3 E's: Education, Experience, Excess Cash. And the real Asset (or Liability) is the Investor, not the Investment. Rich Dad, Poor Dad 101 - Learn the rules, master the game.
should i finance a rental property for 30 years ??? 30 years will give me MAXIMUM CASH FLOW ....it will be a fixed rate mortgage...... thank you for your answer....... i own 23 rentals that are paid for because instead of using LEVERAGE , i wanted them paid off so i paid extra and paid them off 18 years early.... im now understanding LEVERAGE and plan to just finance the next 10 and use the CASH FLOW STRATEGY....... SO AGAIN, DO I FINANCE THE NEXT 10 FOR 30 YEARS BECAUSE I WILL CASH FLOW GREATLY ???? THANKS AGAIN
Robbie Joyner which location did you invest in?
People all about when the video was done. How about the INFORMATION in the video. Relevant today and years to come.
Read the caption again "chase Education" not School.....
This guy Ken looks very good. Good man he is
Thank you Mr Kiyosaki, you would do subtitles with Germans
Thank you for the inspiration.
sr robert es una opinion yo creo que Venezuela es una gran oportunidad de bienes raices ya que no cuestan casi nada si lo desde el punto de vista de una persona fuera del pais
Thank you so much for this information and enlightenment !
Thi$ i$ one of the be$t channel$ for financial education!!
Stupidity is when euphoria affects your thinking.
I now try to buy one Green House but it's so difficult for me 😥😥😥😥
Your book look more lively than your shows why😶?? I think u need to upgrade this too
This is filmed 2006 :D
Did this took place in an elementary school? The chairs are so small. xD
Great
Oh so you're saying I should go back to college ;)
Not really but educate yourself
You can learn everything online or buy books
I meant that as a joke :)
Very old vid
I was here
At this seminar?
Legends
Can someone explain to me in simple words pls
Read the books within the rich dad series
You should have that cash flow pay for t shrts with the drawings , have young people where them , with hopes that people ask . And than explain it . I think it would help retrain the brains of young American .
go learn English first !!
Farida Sultana yeah I could care less about proof reading , don’t be an ignorant for no reason . I’m not being rude to anyone bitch
Farida Sultana and yes I call you a bitch , because that’s what you are . only a bitch would say an ignorant comment like This . I hate people like you . I truly do , this is like me saying why would I listen to this guy who clearly can’t draw houses
Farida Sultana ps next time write , go learn grammar first , I can speak English just fine .
This is old video footage, it is still relevant of course, just not recent.
I don't have the money to br investing in the stockmarket I only draw a small check every month
How many people got rich buying the books?
Could I borrow some money?😁
Legit question lol
papa kiyo
READ this ARTICLE, it does a wonderful job exposing Robert Kiyosaki. What do you guys think?
thetalker.ca/robert-kiyosaki
What I learned from Rich Dad
ruclips.net/video/klNjOLMShgg/видео.html
Hi, I like your videos but may you make me a favor? We want to know how to manage good and bad employees in a video. Please. Thanks. Greetings from Colombia
RUclips is a dying platform.
How so?
sr robert es una opinion yo creo que Venezuela es una gran oportunidad de bienes raices ya que no cuestan casi nada si lo desde el punto de vista de una persona fuera del pais