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Rich Dad Advisor's Series:Abr Real Estate Riches

Rich Dad Advisor's Series:Abr Real Estate Riches

List Price: $24.98
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Product Info Reviews

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Rating: 5 stars
Summary: Delivers What the Title Promises
Review: This book does go into a deep explaination of how to use your banker's money to become rich. It is after all how many people become millionaires: through real estate investing. It does not go into a lot of details on creative fianancing. If you are looking for something like that, I suggest Peter Conti and David Finkel's books. Mr DeRoos gives some great tips on how to improve your properties value. One such great example is if the structure does not have a garage to build one. Doing so can improve the property values by thousands of dollars. This is a great book for the beginning invester to read. Something to keep in mind when reading it is that it was also written for the down under market as well as the US and as such does not always use language an American is used to reading.

Rating: 5 stars
Summary: Excellent
Review: I think this book is a really great introductory book on Real Estate investing. I highly suggest this to anybody. It points out why real estate is such a strong contender among investment vehicles, emphasizing the theory of leverage.

Rating: 1 stars
Summary: Just my opinion (a commercial)
Review: I sensed a peculiar vibe while reading De Roos' book. Especially when I read the chapter touting his software. I went to his websight and sure enough his software for tracking costs and analyzing property was very, very expensive. The book was entertaining but contained no step-by-step how to on anything. A lot of "I did this or that" (much of it in New Zealand!) but no real "here's how I did it." I found the same in his friend Kiyosaki's books. These books are mostly motivational and tend to make one think they can do the same. While I do believe it can be done they don't really sell ( I did buy the book) one any "secrets" or detail any methods. In my opinion what these books are meant to do is get one to their websight so they can sell you something else. Would that be "bait and switch?" Maybe not but could be something similar. Another one is "Multiple Streams OF Income by another author. He too, all through his book encourages his readers to go to "my websitht or call my office." They all tout thier integrity but all seem to be short on "meat" and long on "talk" If you want to read these books I suggest you go to the library and rent it or read it there.

Rating: 5 stars
Summary: Explains why real estate is the best investment
Review: If you are looking for a book that explains the WHY of real estate, then this book is for you. It does that job better than any other book that I know of.

You will also find some technical information. For beginning and all investors, the 100/3/1 rules alone is worth the price of this book.

Even as a veteran investor, I found the chapters on how to massively increase the value of your property and how to manage your property quite illuminating.

This is a good book that lives up to the Rich Dad series tradition. I also recommend Real Estate Loopholes.

Rating: 4 stars
Summary: Not a HOW to, but more of a WHY to.
Review: The main purpose of this book, as the author clearly states in the beginning of it, is not to tell you how to invest in real estate but more why you want to invest in real estate vs. the stock market and other investments. The author clearly knows what he's talking about, and his insights into the tax loopholes and financing options a real estate investor has are more than worth the price of the book. If you're a beginner, this is a great book to start out with. It's not going to tell you what to do, but it is going to tell you why you want to do it and give you some insight into the virtually unlimited leverage options a real estate investor enjoys as compared to a stock market investor who might as well take his/her money to Vegas. If there's any doubt in your mind that real estate is the way to go, read this. I'd even recommend it for experienced real estate investors, for the reason that even though you won't learn anything new on how to go about your business, you might learn a few things about creative financing and tax loopholes that you'll wish you had known all along. Buy this book, read it over a weekend, then lend it to friends. It's not the real estate bible of the universe, but it is definitely worth reading if for nothing more than the author's upbeat, positive outlook and enjoyable writing style.

I especially like the author's anecdote about how he went through all those years of college to get a Ph. D. in engineering, then when he received his Ph. D. he was offered a job at $32,000 a year (this was the early 80's, I think, so that was a good starting salary for an engineer back then). But the week before he was offered the job, he had completed a real estate deal in which he made $35,000. So he turned down the job and to this very day has never had a job. Imagine that..... living your whole life without ever having to rent out your labor to the Man for a pittance and put up with the expectations of some moronic, terminally blue-collar boss. This guy has never had a job. He has always made his money--more than enough of it--working for himself rather than slaving away for fifty hours a week making someone else rich.

I recommend this book. It's definitely worth reading. I'm glad I have it.

Rating: 3 stars
Summary: Real Estate Investment Basics
Review: I read the original Rich Dad, Poor Dad and had high hopes for this book. I was a little disappointed by it, though. Yes, it does have some good information but it seems to be more general principles rather than specific information that could be used. It felt to me like a pamphlet that had been padded out into a book. If you're an absolute beginner (like me) then it's probably worth it but I suspect more experienced property investors may find it too basic.

One other criticism I have is that at times the book came across like an advertising vehicle for some of Dolf de Roos' other books. More than once I was irritated to read something along the lines of "there are dozens of different ways of doing such-and-such, read my other book <Insert Name Here> to find out what they are."

Having said all that the book does have some good information. Some of his principles will stick with me, such as: You make your profit when you buy, not when you sell; Buy from a motivated seller (who needs a sale) to get the best value; Seldom sell (to avoid taxes and transaction costs); You need to look at 100 houses to find the one bargain. The last principle particularly impressed me, Dolf is not claiming that this is a get rich quick scheme that allows money to fall into your lap without any work.

Overall, worth it for beginners but I suspect if you've read a few other property investment books this won't give you any new insights.

Rating: 3 stars
Summary: Lukewarm
Review: Real estate is undoubtedly important for building wealth. Dr. De Roos suggests repeatedly in this volume that people can enjoy quite enhanced property values by making improvements that are not costly. This general way of thinking is important and very valuable. So, this book is one of very many mass market books that offer some introduction to generally correct ways of thinking regarding real estate. On the other hand, essentially all the critical pieces of practical implementation seem to be missing. In Dr. De Roos' market, it is possible to enjoy great increases of value by cheap construction of covered parking. That may not hold true in every market. It is so important to be able to assess your own particular market correctly. At the level of books intended for quite a general audience, I much prefer Diane Kennedy's book. For more clarity on "how to," the best book I've found is the ponderous volume by Michael Geltner and ? Miller on Commercial Real Estate. It isn't easy reading, really, but, then, a person doesn't expect to attain professional status trivially. Don't you agree?

Rating: 5 stars
Summary: great!
Review: So, it is my first time that I read English written book from cover to cover. This is what I don't make often even in my own language. It is very good start for becoming idea of real estate investing.

Rating: 1 stars
Summary: More Garbage From Kiyosaki and His Minions
Review: This Amway lackey and his cronies peddle nothing but mindless garbage for all of you 5 star reviewers who can't get enough of the Kiyosaki Kool-Aid to lap up. I have to imagine that most of you are unemployed and living in your parents' basement or garage. "RK", as many of you like to call him, has made most if not all of his fortune pushing his useless and fictitious [product.] Do a little research and you'll find that there is no documentary evidence to support any of the investment activities he purports to have excelled in. Grow up and read some advice from people who have been there and actually done it(e.g. John Reed, Leigh Robinson, William Nickerson). Anyone who believes that Kiyosaki and his merry band...have "enlightened" them needs to take a cold shower and have their head examined. I almost fainted when I heard Kiyosaki charges $...for a three day real estate seminar. Anyone who would pay a dime to get advice from this snake oil salesman should be institutionalized.

Rating: 1 stars
Summary: Don't Buy This Book
Review: This book gives you no information regarding real estate what-so-ever. The author goes on and on about how wonderful Real Estate Is. We all know Real Estate is Great, but we also know that it takes money to make money. That is one thing that this author does not understand. We all know that your banker WILL NOT lend you money, unless you have money. This author makes money in book sales and seminar sales. He doesn't make money in real estate. Try buying a HOW-TO book, not a WHY-TO Book. NOT A GOOD READ.


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