6 years ago I read “Rich Dad Poor Dad” for the first time. I now collect enough cash flow from my properties that my rent is fully covered and nearly all my expenses are making me nearly financially free! Now I help teach others how to do the same and when people ask me where to start I point them to Robert and his book. Thanks RK!
Please help me understand how to protect all the houses that we get. Robert says use debt to mortgage a house, making sure you are able to rent it out for more than the mortgage payments, so that there is some extra cash flow. The big problem is, once some of it is paid off, you own some equity in the house, say, half of it. If someone sues you personally for any reason, they will get hands on your equity in the house. So the bank will have to take back the house, sell it, then pay you the portion of your equity, and then your equity goes to the person who sued you. Let's say, instead of half, let's say you've paid it off completely - now you own it. If someone sues you, they take the whole lot. How do you protect it? What is the point of owning lots of houses and LLC businesses, if someone can simply sue the business, and take the business assets, or sue you personally and take your houses you own. I heard something about irrevocable trusts being a way to protect houses, but that essentially means signing it away forever, until you die and then it goes to your kids. What is the point of that. If you don't own it anymore, you cant say you are rich - it's your trustee that is rich, or your future kids that are rich. Surely there must be another way to protect your houses, and your LLC businesses.
@@tonychavez4056 if i point the way then who will ask for the host of the video haha...just joking...he inspires me as much as he inspires others ..keep up the good work host ..but be detailed .. So tony just one way of investing is to buy a house near a university and furnish it and rent it out to students , roomwise so that ways u will earn much more rent than u wud have rented it to a family..it's like student housing and coliving
@@nikhilgupta3297 My dear friend...find a real estate property in an area/market where it will leave you + CASHFLOW(THA'ts your homework and every other investor out there) AFTER all expenses(utilities,mortgage) are paid. example on a property deal: multi family house purchased, say 3 family $150,000 property taxes $7,000 your money you will need: 20 % down payment($30,000) needed as you are consider an investor and will not live in home go to bank to get mortgage $120,000 if you do a 30 year loan your monthly mortage w taxes will be approx $1,400. say rent roll is $4,000(apt 1 $1,333, apt 2 $1,333, apt 3 $1,333) utilities $200 (water ,sewer ,electricity) $4,000 rents -$1,400 mortgage w/ taxes - $200 utilities -------------- $2,400 CASHFLOW in your pocket to do as you wish. key is to buy more houses w + cashflow to give you a passive monthly income of your choice and lifestyle to ultimate , GET OUT OF THE RAT RACE (your nornal 9am to 5pm Job w bosses) Mr Robert Kiuasaki WON'T find you the deal or give it to you. go out there explore ,talk to realtors , look at properties, find out about your market rents find your niche area ...stick to it and watch that property increase in value and Cashflow as you will raise rents based on present market. NOW GO SAVE YOUR DOWN PAYMENT AND GO BUY YOUR FIRST REAL ESTATE CASHFLOW DEAL. GOOD LUCK MY FRIENDS!!!
33:00 Important Financial Statement - 3 accounting statements 1) Income statement + Expenses 2) Balance Sheet 3) Statement of cashflow- debt, investors, selling property, where your money is coming from and is going Bank will see this for you to borrow money
I believe when you’re starting out, the bank will check on your income and credit score (debt record)...that was my question, how hard would it be to get a loan when you don’t have a job? When he says not to work for money, then how do you get a loan without any income?? A genuine question
Remember guys: If you’re afraid to lose money, you’ll never be rich. Gain the financial literacy to minimize your risk and go for it. If you turn profit in your first property, great! If you make a bad call and your first property is a liability, you learned something! Be smart, be brave, and just do it
Sir Robert T. Kiyosaki, please always do your lessons and teachings, I will be a testimony that what you teach can really make a poor rich. I will comeback to this comment 10 years from now, and I will be a millionaire. I am a Filipino and you are my Rich Dad.
Great man! I read his book first time in 2006. Asset and liability definition is simple and tangible! Cash flow!Passive incomes sources: property rent, savings, teaching, btc, consultancy, reading with practicing, financial discipline, detailed control/management on all expenses. After 10 years you are relatively rich, depends from your goals!
The two books that changed my life forever: 1. The Holy Bible 2. Rich Dad, Poor Dad Thank you, Mr. Kiyosaki, for taking the time to share your experiences and knowledge. I did have a question, I was curious what the process looks like once you acquire property. How fast can you find a renter? He says not to work for money, so what happens when you can’t find a renter or in the event the renter vacated, then the mortgage is paid by me? I know I may be asking the obvious... Another genuine question is he said not to work for money, then how do you get your loan for the property? The bank will obviously check for your income and your debt record (aka. Credit Score)...I read his books, I understand and don’t argue what he is saying...just genuinely curious about these questions. Thank you in advance.
It shouldn't be too hard to find a renter, but in the event you can't, or they get evicted, you should have enough money coming in or saved up to pay the mortgage yourself. You should rely on the renter to provide your income. I hopes this helps. Feel free to ask more questions!
Here's a summary: Use debt to buy Real Estate even if u have the cash to buy it because if you buy with debt, its TAX FREE!! In other words, more return on investment!
`Rich dad poor dad` is best book ever, many thanks to Robert! Only thing I disagree is with paying taxes, taxed money goes to fund the military, basic education, firefighters, police officers..and I think it's everyone's duty to pay their fair share so that we are safe as a country.
From Philipines I am watching and listening sir robert's radio program and vidieos. thanks a lot sir for financial education you are sharing the world.
I stumbled about this great teachings 4 years ago ... it took me a year doing my homework .... just like Kenny I'm now buying lands and real estate everywhere .... I can't say I'm financially free but in two years all my Orchards will be producing ... I'm still acquiring lands and planting more .... but not selling anything except the produce
at 24:10 he explains how he gets infinite return, but what I don't get is where does the 2500$ monthly income come from? is it the cost of the rent? doing airbnb? it seems very high! Can someone explain please?
That was a speaking mistake on his part. He said he makes $25 a month cash flow plus what the government gave him in tax benefits that equaled $40 a month
I suggest you consult a licensed professional who will guide you through the rough market. As a newbie a started off my investment with expect Mrs Whitney Jones and my profits has been mind blowing..
I have been seeing so many recommendations about whitney Jones on Instagram and telegram trending I think she must be good for people to talk about her
25 dollar per month. X24 month= 300dollars per year. At 4% rate of interest, I think, 18000 dollar repayment will require 18000/300= 60 years. How do u repay the bank loan debt, u never explained
100% agreed I’ve been a saver for years now and even though I have a good nest egg I’m still behind financially big time!!!! The more I save the more behind I go... I’m going to get in gear ASAP
Arthur Badalian thanks for searching this. Good stuff. I was there also. But 6yrs ago I started buying real estate. Still working and saving tho. Trying to reach that 100units goal 🙏🙏
*You can be an employee for life or a business owner / investor. Make the shift to become a business owner and investor. It's the best thing you can do.* 😉
2:00 do not work for money , do not work for paycheck control Real Estate = control the world with Real Estate = no tax 7:00 four kind of people 10:00 12:00 do not save money 17:00 31:00
Can someone explain Robert’s scenario at 24:51? Don’t you have to make certain payments towards the debt each month? Or has it already been deducted when he made the return of $2500 monthly?
How many Zara and Starbucks have you personally created Mr kiyosaki? 1. How many small business actually get that big? 2. Where do you get money to invest in big business or real estate if you don't have any credit history or money as you say don't ever work for money?
you should tell me on, how to find the assets for different income people, and for different countries around the world, and, how much gold needed to be save, before you start to buy real Estate
Hey Robert! I’ve been watching your videos for awhile now and have a question. What is the best way to search for the right teacher? Is going to networking events and seminars helpful or contacting people I already know using a friend of friend sequence ? Or none of the above ?
So, I am 44 years old and you started at 25 years old; you probably already worked on attaining your real estate at an early age. Everyone has to start somewhere, but it takes time to attain the assets and pay the bank back right? So, am I too old to start doing this now?
Due to the pandemic all over the world, many are in financial crisis now. So if you want to learn how to earn money from home, you should check out Mr Roberts @robertslarrison on Instagram.. I earned $12,000 within 4 days with an investment capital of $1000. All gratitude to mr Robert @robertslarrison for helping me out of stress of money may God Almighty richly bless you @robertslarrison
Robert Kiyosaki, Graham Stephan, Peter Schiff, & Mike Maloney are a few that i prefer to watch. & investing on stocks especially (Stash/Robinhood) very good.
Hello need some advice please. If I get a lone to put a deposit on a mortgage will that work in the UK. and is it best to go interested only on the mortgage?
Good talk. You don't have the struggles majority of the people have in trying to be successful. Two dads, both experiences and resources. I'm not being negative but it'll take a whole lot for those who don't have the opportunities. but it's POSSIBLE!
They definitely taught him a lot, but he wasn't richbgrowing up, he might've even been closer to poor. Now he's giving you the knowledge he was given and grew.
Can these principles still be applied to in the current hot 2022 RE market ? What I mean is interest rates are high, supply is low. There are already big corporations (aka BigRock, etc ) and RE investors (who already have a hefty portfolio of rentals) that are buying out the market. And then there are First time home buyers that want there starter house. How is it possible for new investors to get rentals in this market? I mean, there is only so much land and properties in America. It will def run out pretty soon.
Credit card repayment? Meaning how to pay for your debt? Work if that's your question. That's why Robert keeps repeating himself and telling stories. He uses his time for money. Just the money is bigger per hour and works less. He also sells his name/brand to anyone willing to give him money.
@The Rich Dad Channel- 25k a month?! I feel like you forgot something or am I missing what you said? No one would pay 25k a month for a 1b 1b. Or did you mean $25.00/month? Anyways, thank you for the great information!
We cant use credit cards to buy real estate anymore . I have tried I owned boarding houses in Australia. You have to save for a deposit and proof that you are worthy to the banking cartel.
Thats right, bank will only lend you if they see that you can pay them back therefore you need income as well as some deposit but its to start the process. Once you able to buy your first property then you can just keep going by using cashflow and equity. Thats all the game. Personal Opinion.
![Calculating Numbers on a Rental Property [Using The Four Square Method!]](http://i.ytimg.com/vi/T_7vhsSBi7c/mqdefault.jpg)
6 years ago I read “Rich Dad Poor Dad” for the first time. I now collect enough cash flow from my properties that my rent is fully covered and nearly all my expenses are making me nearly financially free! Now I help teach others how to do the same and when people ask me where to start I point them to Robert and his book. Thanks RK!
what kind of cash flow properties did you buy, duplex's?
Patrick Notstar Single family residential Houses
SAME HERE MY FELLOW BROTHER ..THIS MAN CHANGED MY LIFE AND MY FINANCIAL WAYS OF THINKING
Find me on LinkedIn...
Please help me understand how to protect all the houses that we get. Robert says use debt to mortgage a house, making sure you are able to rent it out for more than the mortgage payments, so that there is some extra cash flow. The big problem is, once some of it is paid off, you own some equity in the house, say, half of it. If someone sues you personally for any reason, they will get hands on your equity in the house. So the bank will have to take back the house, sell it, then pay you the portion of your equity, and then your equity goes to the person who sued you. Let's say, instead of half, let's say you've paid it off completely - now you own it. If someone sues you, they take the whole lot. How do you protect it? What is the point of owning lots of houses and LLC businesses, if someone can simply sue the business, and take the business assets, or sue you personally and take your houses you own. I heard something about irrevocable trusts being a way to protect houses, but that essentially means signing it away forever, until you die and then it goes to your kids. What is the point of that. If you don't own it anymore, you cant say you are rich - it's your trustee that is rich, or your future kids that are rich. Surely there must be another way to protect your houses, and your LLC businesses.
"Rich people buy assets, poor people buy liabilities." That's the entire philosophy in a nutshell, and it changed my financial perspective forever.
Yes....but he needs to be more specific ..these are just generic videos ..real investing is something more and deeper
@@nikhilgupta3297 hope you can point the way?
@@tonychavez4056 if i point the way then who will ask for the host of the video haha...just joking...he inspires me as much as he inspires others ..keep up the good work host ..but be detailed ..
So tony just one way of investing is to buy a house near a university and furnish it and rent it out to students , roomwise so that ways u will earn much more rent than u wud have rented it to a family..it's like student housing and coliving
@@nikhilgupta3297 My dear friend...find a real estate property in an area/market where it will leave you + CASHFLOW(THA'ts your homework and every other investor out there) AFTER all expenses(utilities,mortgage) are paid.
example on a property deal:
multi family house purchased, say 3 family $150,000
property taxes $7,000
your money you will need:
20 % down payment($30,000) needed as you are consider an investor and will not live in home
go to bank to get mortgage $120,000
if you do a 30 year loan
your monthly mortage w taxes will be approx $1,400.
say rent roll is $4,000(apt 1 $1,333, apt 2 $1,333, apt 3 $1,333)
utilities $200 (water ,sewer ,electricity)
$4,000 rents
-$1,400 mortgage w/ taxes
- $200 utilities
--------------
$2,400 CASHFLOW in your pocket to do as you wish.
key is to buy more houses w + cashflow to give you a passive monthly income of your choice and lifestyle to ultimate ,
GET OUT OF THE RAT RACE (your nornal 9am to 5pm Job w bosses)
Mr Robert Kiuasaki WON'T find you the deal or give it to you.
go out there explore ,talk to realtors , look at properties, find out about your market rents find your niche area ...stick to it and watch that property increase in value and Cashflow as you will raise rents based on present market.
NOW GO SAVE YOUR DOWN PAYMENT AND GO BUY YOUR FIRST REAL ESTATE CASHFLOW DEAL.
GOOD LUCK MY FRIENDS!!!
@@salazarmemories see that's what I meant ..that's a real life example
33:00 Important Financial Statement - 3 accounting statements
1) Income statement + Expenses
2) Balance Sheet
3) Statement of cashflow- debt, investors, selling property, where your money is coming from and is going
Bank will see this for you to borrow money
Danny Ju what if you just started and don’t have financial statements?
I believe when you’re starting out, the bank will check on your income and credit score (debt record)...that was my question, how hard would it be to get a loan when you don’t have a job?
When he says not to work for money, then how do you get a loan without any income?? A genuine question
One of the most important educational programs you can find on UA-cam.
Agree
Remember guys: If you’re afraid to lose money, you’ll never be rich. Gain the financial literacy to minimize your risk and go for it. If you turn profit in your first property, great! If you make a bad call and your first property is a liability, you learned something! Be smart, be brave, and just do it
Sir Robert T. Kiyosaki, please always do your lessons and teachings, I will be a testimony that what you teach can really make a poor rich. I will comeback to this comment 10 years from now, and I will be a millionaire. I am a Filipino and you are my Rich Dad.
Same tayo
kumusta na?
starting today me too
Where you at now?
update pls.;)
Great man! I read his book first time in 2006. Asset and liability definition is simple and tangible! Cash flow!Passive incomes sources: property rent, savings, teaching, btc, consultancy, reading with practicing, financial discipline, detailed control/management on all expenses. After 10 years you are relatively rich, depends from your goals!
The two books that changed my life forever:
1. The Holy Bible
2. Rich Dad, Poor Dad
Thank you, Mr. Kiyosaki, for taking the time to share your experiences and knowledge.
I did have a question, I was curious what the process looks like once you acquire property. How fast can you find a renter? He says not to work for money, so what happens when you can’t find a renter or in the event the renter vacated, then the mortgage is paid by me? I know I may be asking the obvious...
Another genuine question is he said not to work for money, then how do you get your loan for the property? The bank will obviously check for your income and your debt record (aka. Credit Score)...I read his books, I understand and don’t argue what he is saying...just genuinely curious about these questions.
Thank you in advance.
It shouldn't be too hard to find a renter, but in the event you can't, or they get evicted, you should have enough money coming in or saved up to pay the mortgage yourself. You should rely on the renter to provide your income. I hopes this helps. Feel free to ask more questions!
Your life is the product of your thoughts
Keep upgrading your thoughts
Revolution will in your thoughts and in your life
I love this
Here's a summary: Use debt to buy Real Estate even if u have the cash to buy it because if you buy with debt, its TAX FREE!! In other words, more return on investment!
How am I barely finding this video?! When you have Ken and Robert talking real estate I stop what I'm doing.
`Rich dad poor dad` is best book ever, many thanks to Robert! Only thing I disagree is with paying taxes, taxed money goes to fund the military, basic education, firefighters, police officers..and I think it's everyone's duty to pay their fair share so that we are safe as a country.
Please make a video that focus more and in details on these 3 : income statement, balance sheet, and the statement of cash flow. thank you so much.
I always enjoy Robert's videos. Repetition is the key!
Indeed. He's a great teacher
Mr Kiyosaki thank you for your service and thank you for all you do to help me understand finance.
I have learned more about money and wealth from Robert in two weeks than I have from school and family in my entire life.
From Philipines I am watching and listening sir robert's radio program and vidieos. thanks a lot sir for financial education you are sharing the world.
I would love to learn ! And get a understanding of this so simple!
Robert Kiosaki you are the best.
Up up Robert Kiyosaki, the greatest mentor of all.
Que grande eres Robert, con la camiseta de Iniesta !!❤️ eres el número 1 🇪🇸
LOL! This is Rich. While all his comrade come suited and booted. He rock in with a jersey.
This was really fun to watch!!
I stumbled about this great teachings 4 years ago ... it took me a year doing my homework .... just like Kenny I'm now buying lands and real estate everywhere .... I can't say I'm financially free but in two years all my Orchards will be producing ... I'm still acquiring lands and planting more .... but not selling anything except the produce
One of all time motivational author @robert
Oh how I love the power couple, Kim and Robert. Total emperor and empress in their own business/real estate empire.
Thank you Robert. I wish I could come around, hold your hand and say a big thank you
at 24:10 he explains how he gets infinite return, but what I don't get is where does the 2500$ monthly income come from? is it the cost of the rent? doing airbnb? it seems very high! Can someone explain please?
That was a speaking mistake on his part. He said he makes $25 a month cash flow plus what the government gave him in tax benefits that equaled $40 a month
@@markroberts9577 but, how did he exactly make the $25 a month, did he sell? Rent?
@@beckygallion2463 she rented her property. After all expenses, she cleared $25 each month. Aka cash flow.
It was inspiring but very . Very street smart! Great. Thank you. Ilaiah
We need our Doctors and Lawyers. You can be both , a professional and an successful entrepreneur.
Totally agree, and probably you would be a better professional because you're not working for money!!
Watching from Pakistan 🇵🇰, great fan of Robert❤️
You guys are truly the greatest!
Kenny owns over 1 billion dollars worth of real estate, that’s amazing!
Thank you
Sir, Robert
Appreciate this ,wish you a very healthy life.👍
thank you daddy for another awesome vid. this year is gona be great for me. lets get out there and get rich !
I'm 24 and i believe in investment. I don't want to make it sound like it's easy but you also can get to the level where i am if interested...
What investment are you talking about dude
I recently got into crypto trading and I'm already marveling over the profit I'm making. I'm like, how the hell have I been sleeping on this?🤔
I suggest you consult a licensed professional who will guide you through the rough market. As a newbie a started off my investment with expect Mrs Whitney Jones and my profits has been mind blowing..
Expert Mrs whitney is a good expert and account manager every successful one would want to trade with
I have been seeing so many recommendations about whitney Jones on Instagram and telegram trending I think she must be good for people to talk about her
love this. learning so much each day.
I Learned more from Robert and his team then I am in school. Be the bank ppl:)
25 dollar per month. X24 month= 300dollars per year. At 4% rate of interest, I think, 18000 dollar repayment will require 18000/300= 60 years. How do u repay the bank loan debt, u never explained
Dont know why this so important things with so less views
I think because most people dont believe it but thats why they poor
People love the outcome not the process i tried this to my friends and they just laugh at me ,but i laugh at them because they are all the same
100% agreed I’ve been a saver for years now and even though I have a good nest egg I’m still behind financially big time!!!! The more I save the more behind I go... I’m going to get in gear ASAP
Arthur Badalian thanks for searching this. Good stuff. I was there also. But 6yrs ago I started buying real estate. Still working and saving tho. Trying to reach that 100units goal 🙏🙏
Jerry Kid lord willing I can achieve financial freedom for my families sake
*You can be an employee for life or a business owner / investor. Make the shift to become a business owner and investor. It's the best thing you can do.* 😉
Great response. Subscribe and watch my videos.
If everyone starts to be an investor, who is gonna create the money through labor?
i agree... more hussle though...
You are the best best best best entertainer I ever watch. Thank you
This year and another is the best time to invest
I have been watching the market in my area, the market is high and not a good time to buy. Is there a pattern with the market?
@@emiliaa6175 yeah how do you know when is a good time to buy
I read Ken's book in the rich dad poor dad series. It's quite good. It's called "the abc's of Real estate"
I have read it too
Hooked on this..thank you i need mentors like you
Thanks so much for the awesome video 🔥 This will definitely help me Become Wealthy and Improve my Finances!! Keep it up! 💯💯🙌
2:00 do not work for money , do not work for paycheck
control Real Estate = control the world
with Real Estate = no tax
7:00 four kind of people
10:00
12:00 do not save money
17:00
31:00
Wow that was really awesome. 98% of that whole presentation made sense to me.
What was the 2%
love from India, please make detail video on making financial statement
Robert and his markers! Classic. Thank you for this team!
Amazing Robert goes to Spain!!!
these guys are dropping some life changing powerful shit!
You mentioned $ 25000 a month @24.30. I think you meant $25 .
Awesome teaching 👍
Can someone explain Robert’s scenario at 24:51? Don’t you have to make certain payments towards the debt each month? Or has it already been deducted when he made the return of $2500 monthly?
He makes $25 monthly after all expenses. When he said $2500 the first time it was a typo.
The camera man is giving me "The Office" vibes lol
Thank you Robert and your team for the value!
Robert Kiyosaki SUPER. !!!
Love all these vids. I look at money, taxes, etc so differently. It’s all about assets.
Is it advisable to invest in real estate prior to or after GFC 2.0?
Thank you very much. It was very helpful. Good luck!
plz is getting money from banks for real estate called RIBAH in Islam thxs.
How many Zara and Starbucks have you personally created Mr kiyosaki?
1. How many small business actually get that big?
2. Where do you get money to invest in big business or real estate if you don't have any credit history or money as you say don't ever work for money?
First learn how to leverage time that will generate alot of money
chirag saxena I don’t have credit history either did he build his credit up to a certain degree to get the property
@@TheFactorySeven can you call me
@@latoyafamilia1192 what's your ig
The best advise ever. 😇
you should tell me on, how to find the assets for different income people, and for different countries around the world, and, how much gold needed to be save, before you start to buy real Estate
Correct ...
thats YOUR homework
I need more of this gracias compa
I have to go for stone cutting work tomorrow and I am waching his videos now at 11 pm
Thanks, for your work and dedication to educating people!
Where can i get the full episode?
Soy una fiel seguidora e aprendido mucho con sus libros, nunca e estado tan de acuerdo como lo estoy con Mr Robert Kiyosaki.
Robert speak slowly thats very good for me.other man speech speedy that's difficult
I hope to meet your whole time, Mr. Robert!! 💪🏾
Thank you I learn a lot
Hey Robert! I’ve been watching your videos for awhile now and have a question. What is the best way to search for the right teacher? Is going to networking events and seminars helpful or contacting people I already know using a friend of friend sequence ? Or none of the above ?
Awesome video ,,, more more more !!! 🙏
You are my rich dad 👌
Pure gold.
So, I am 44 years old and you started at 25 years old; you probably already worked on attaining your real estate at an early age. Everyone has to start somewhere, but it takes time to attain the assets and pay the bank back right? So, am I too old to start doing this now?
Due to the pandemic all over the world, many are in financial crisis now. So if you want to learn how to earn money from home, you should check out Mr Roberts @robertslarrison on Instagram.. I earned $12,000 within 4 days with an investment capital of $1000. All gratitude to mr Robert @robertslarrison for helping me out of stress of money may God Almighty richly bless you @robertslarrison
You are too young. Go for it
genuine knowledge
Is there a possibility of investing in real estate out of your country ?
hii mr kiyosaki am having trouble to getting ur books in kenya how can i get then in kenya 1 rich dad pure dad i have audio but i need my own copy
Hey man I'm in kenya you looking to get into real estate? I also have a copy of rich dad poor dad. Drop your whatsapp if you want to talk.
Where do I get the cashflow game?
www.richdad.com/products/cashflow-classic
Look for a coupon code 50% off :P
Robert Kiyosaki, Graham Stephan, Peter Schiff, & Mike Maloney are a few that i prefer to watch. & investing on stocks especially (Stash/Robinhood) very good.
In truth, love Robert and kim! I hope their education is genuine.
happy shopper it is partially genuine
Is it better to flip houses, buy and rent locally or buying vacation properties in other countries and airbnb it?
thank u robert
Nice 👌
Hello need some advice please.
If I get a lone to put a deposit on a mortgage will that work in the UK. and is it best to go interested only on the mortgage?
steven lodge ua-cam.com/video/Qf4PUbqQiL8/v-deo.html
*But don't you pay tax on rental income ?*
Hello Rober please review the economy of 🇬🇭 Ghana
Why
My superhero
lol everyone wearing suits. robert rocking his team lol
That’s freedom
Nice to learn
Thank u
at 41:18 who is that person that Robert was referring as the "Genius"?
Gaudi, He was an architect from Spain. google him n his architecture. He was a genus!!!
Good talk. You don't have the struggles majority of the people have in trying to be successful. Two dads, both experiences and resources. I'm not being negative but it'll take a whole lot for those who don't have the opportunities. but it's POSSIBLE!
They definitely taught him a lot, but he wasn't richbgrowing up, he might've even been closer to poor. Now he's giving you the knowledge he was given and grew.
Should you please tell me how could we buy properties in Spain😁?
look for real estate classes. look at 100 properties in 90 days. Pay the price
What about investing in REITs? It seems to me more simple than buying Real States
He has the same opinion on reits like on etfs, he doesn't buy them because the lack of control and counterparty risk
*Real Estate has tax advantages that REITs don't.* 😉
Ríete can't be leveraged
REITs , stocks, bonds,mutual funds, Roth IRAs , we don't touch that stuff there fake assets #KIYOSAKIMAFIA
Also they are a derivative similar to stocks which are FAKE assets.
Can these principles still be applied to in the current hot 2022 RE market ?
What I mean is interest rates are high, supply is low. There are already big corporations (aka BigRock, etc ) and RE investors (who already have a hefty portfolio of rentals) that are buying out the market. And then there are First time home buyers that want there starter house.
How is it possible for new investors to get rentals in this market?
I mean, there is only so much land and properties in America. It will def run out pretty soon.
And what about credit card repayment??
Didnt get that part..
Can someone help me out..
Credit card repayment? Meaning how to pay for your debt? Work if that's your question. That's why Robert keeps repeating himself and telling stories. He uses his time for money. Just the money is bigger per hour and works less. He also sells his name/brand to anyone willing to give him money.
This coat is incurred by the tenants.. They typically repay the loan that he took from the bank
@The Rich Dad Channel- 25k a month?! I feel like you forgot something or am I missing what you said? No one would pay 25k a month for a 1b 1b. Or did you mean $25.00/month? Anyways, thank you for the great information!
It’s 25$ dollars a month it was back in the 1970s
@@andrewxie7876 exactly. It was $25.00 a month in 1974...now imagine what he is making on the beachfront property in Maui 🤯🤯🤯
We cant use credit cards to buy real estate anymore . I have tried I owned boarding houses in Australia. You have to save for a deposit and proof that you are worthy to the banking cartel.
Thats right, bank will only lend you if they see that you can pay them back therefore you need income as well as some deposit but its to start the process. Once you able to buy your first property then you can just keep going by using cashflow and equity.
Thats all the game. Personal Opinion.