Real Estate Investing With No Money - Robert Kiyosaki
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- Опубліковано 20 лют 2019
- School doesn't teach you about money so in this video, we will tell you the rules the rich follow and how they view their real estate investing deals. We share what the rich focus on when they find properties to invest in and the major considerations they focus on. You can invest in real estate without your own money. This is the beauty of real estate.
Best known as the author of Rich Dad Poor Dad-the #1 personal finance book of all time-Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
Robert’s most recent books-Why the Rich Are Getting Richer and More Important Than Money-were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.
#robertkiyosaki #richdadpoordad #millennialmoney
www.richdad.com
Facebook: @RobertKiyosaki
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Twitter: @TheRealKiyosaki
/ therealkiyosaki
Instagram: @TheRealKiyosaki
/ therealkiyosaki
Advanced Lessons in Millennial Money S1 E2
If you have questions make sure you post in comments.... We will answer.
The Rich Dad Channel how do I know how to choose and how much to pay a property manager?
Congratulation Alexander
I'm Eric from Tanzania Alexander if you don't mind can you direct/send to me more about Robert seminars materials
i don't have any money...i really want to use someone money to make me rich,but in our country bank/person can only give you loan if you have something to make bond(land,house,warehouse) and i don't have anything,what i should do?
what best the best way and the cheapest way to advertize and promote what you are trying to sell and a small shop???
As a newbie, about to invest you most have four things in mind.
1 have long time mindset
2 be willing to take risk
3 be careful on Money usage, if you are not spending to earn back then stop spending
4 never claimed to know -Ask question, it's the best you work with a financial advisor.. like Martinez Amend, he is good on what he knows how to do best.
It's wise to seek a professional guidance when building a strong financial portfolio due to its complexity
Hit $200k today. Thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
Most rich people stay rich by spending like poor and investing without season, and most poor people spending like rich yet not investing like the rich, but impressing them.
You're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before.
The idea of the whole trade market is something I still can't wrap my head around.
It took me five years to realize the futility of trying to predict market movements solely based on chart analysis. The unpredictability of the market made it clear that such predictions are unreliable. The absence of a mentor during that period resulted in five years of painful experiences. However, I eventually learned to align myself with the direction the market wanted to go and adopt a simpler, disciplined approach.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Stephanie Kopp Meeks is the licensed advisor I work with. Just research the name. You’d find available details to work with her and set up an appointment.
thanks for recommending i find her and left her with message
My poor dad is dave Ramsey my rich dad is Robert K
Well both of your "dads" tend to call people idiots who don't have the same beliefs :/
ha!!
So you have two Rich dads then lol They'll both get you there, one is a faster riskier route tho.
Me to my mentor and rich dad
there are multiple ways to get rich but only one way to get poor.
Last time I used other peoples money was with my mom's credit card and I was arrested. Robert, why didn't you warn me about this?
No one's telling you to commit fraud. Using debt, loans or lines of credit that belong to you, to buy cash flowing assets is a good use of borrowed money and is not fraud.
I'm assuming you're a Christian, right? Read Matthew 25: 14-30. Biblically speaking, how do you think you should use other people's money? Clearly this parable is actually about spiritual wealth, not monetary wealth, but it can also be applied to monetary wealth.
Robert says: don't give up kid. If that bitch you call a mom ratted on you for investing money don't let it discourage you. Just keep finding credit cards elsewhere. Target the old so they won't realize as fast that you are investing their money using their credit card. Pro tip: just take the credit card information not the actual card. That gives you more time before they notice you are investing their money.
It's a joke. He made a joke and it went over both of your heads lmao
Garlic Burger 😆😆😆😆
@Benjamin Zandstra They are two different things, but Jesus' parable can be applied to both.
Watching this instead of doing my homework. Hopefully a good investment!
I am doing the same thing i am 15 and prefer to learn how to invest to get rich in the future than to waiste my time doing useless homework. Remember Kiyosaki said to invest on ourselves so it is a good investment.
@@juliobenavides241 don't have kids or get a house for a long time lol trust me
Same here
Same!! I’m on break but I’m some how still breaking my 🧠
@@FreshKicks4545 depends on if they're an asset or a liability.
Robert Kiyosaki is a blessing to many. I achieved success after practicing the steps below.
Y’all need to know this. A well-known podcast in the US taught me how the rich don’t teach how to achieve success. They Seek the ideas of Fin. ConsuItants to help grow their finance
To achieve success, a FinanciaI consuItant is needed to achieve it. I engage in a Variety of lnvestments with the ideas of my consuItant and have acquired great returns so far. (the amount is confidentiaI).
for further lnfo about my FinanciaI consuItant, you can look up her full name below
Isabelle Chloe Scott
Opportunity is a scarce commodity. I will partake in this. Luckily I stumble into this .
I have 4 rental properties. I did not purchase them off of the MLS. They were all purchased from off-the-market wholesale deals. Each deal was over 100% return on my capital investment. Each deal has over a 20% cash on cash return. You have to have capital to invest with, and the properties you purchase should suffer from differed maintenance. This is how you capture your equity. I make sure my numbers work to where I can cover most of my rehab with a hard money loan and furthermore pull out 15 to 20k of equity while still maintaining 20% equity on my loan when I refinance. That 20k will be used to get into my next property, because in reality that is the capital you need to get into a deal. When gurus tell you you don't need any money to "invest" they typically are selling you a program that only works with "unicorn" deals or it's a wholesaling course. They are so many sharks and middle men in this business, so to be successful it's best to find a mentor who has been through it all several times over. Did I mention that I "legally" will never pay taxes....neither on my equity capture nor rental income. If you flip...your not investing by definition...that is retail which you will have to pay capital gains on.
this chick a robot lmao
She certainly looks like one!
Shes a clone
But she's hot af
HaydenMcNasty she's is killing me with the static tone and attitude
😂😂😂
Great Video, Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
I agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income.
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk , profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Angelina Morris who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with her expertise and guidance,she has helped me make huge profit on my Investment portfolio.
Oh its great to see someone who also benefit's from the services of Angelina Morris indeed it's a small world. She is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 5100 usd with her managing my portfolio.
I keep hearing "use OPM" yet, I don't hear how to find these investors so I can use their money, or if they are saying how, I surely have missed it.
credit / loans
@@munnybunny are you stupid
go on the biggerpockets.com forums and ask for local investors
@@munnybunny No shit OPM means other people's money, but you gotta be more specific dumbass, which type of loan? conventional? FHA? VA? Hard money or private money? I'm not the one who needs to go back to school. You act like school taught anybody any of this dumbass.
@@CutTheKam Loans = OPM and you called that "stupid" because you didn't realize loans are OPM and you assumed it's money given freely from, how did u put it, "local investors on BP" (lol). What's your account on BP again? Now you're tryna earn extra credit from me by listing diff types of mortgage loans you just learned from mr. google. So cute.
Beautiful thumbnail
😂😂😂
😂😂
It appears to be a trend on this channel as of late. Must have pissed off his social media person, lol.
Jonas 😂😂😂❤️
Lmao death
Still in pay yourself first, but numbers keep coming up
I have been a Realtor for over 20 years. In the past 3 years I've been using OPM to buy and flip properties at a profit. They get 6% on their money in about 3 months. I get the profit of the flip. Robert Kiyosaki is right.... it works magically. I'm looking forward to learning how to use OPM when buying a rentals. I see negative comments on this post and they are obviously not educated, and not willing to open their mind to the education which they are practically tripping over. It works, I'm proof! Big Dog in Real Estate, NM/USA.
Michael buffington I need a little insight from a regular Joe that's doing this did u use credit or what how did u do it
@@mistascheme67
There is a gentleman I know that has a home equity line of credit on his house. He uses that line of credit to invest with me. I find a property (usually $100,000), we use his cash to purchase the property. I typically invest $15,000 to fix the property up. We put the property back on the market and sell it for a profit in this example, let's say it sells for 185000.. when the house closes, I give the gentleman is hundred thousand back plus 6% oh, so he gets $106,000. this usually takes about three months to accomplish. I get the remainder of the profit from the sale of the property. We then turn around and do it again.. if he can do this three or four times a year with me he makes 12 to 18% on his money.
Michael Buffington so what area are you investing in, I’m looking for good people to make money and invest with, and learn in the process of everything
@@michaelbuffington9190 yes please tell us more if you dont mind :)
I'm honored that people are asking to tell more. I have various friends who have either cashed out their 401k, or have home equity lines of credit on their property. They are willing to lend me approximately $100,000 at a time. In return I sign a contract with them stating that I am investing in a specific property using their money and will return their money when that property is flipped with an additional 6% profit for them. I typically locate properties that are in distress or are foreclosures. The properties are typically around $100,000. I then have the investor wire the money to the title company to close on the property in the name of my company. At that time I will sign a note and mortgage and have it recorded with the county clerk's office. This puts the investor in first position on the property. I then invest approximately $15,000, rehab the property and put it back on the market for sale. When the property closes with the new buyer after it's been fixed up, the investor is paid his money from tidal and a release of mortgage is filed with the county clerk's office. The investor gets a hundred six thousand back and I keep the remaining profit on the flip. Last year I did for flip's using investor money. This year it doesn't look as though I'll do as many because there aren't as many good deals and prices are up quite a bit. I believe that in about a year from now we'll have a dip in the market and I'll be very active once again. If anyone has any more specific questions please let me know as I am happy to answer them.
Finally a video that tells me something... I feel like a lot of these videos just go around in circles and say nothing...
Agreed. But, he kind of has to. That is how points get across and are remembered by many.
His work is like a pop song and his talking points are the chorus.
Savers are losers.
How can I afford it?
Pay yourself first.
Sing along, you know the words.
No they go around in circles saying everything and I don’t understand how you people say this. I’ve learned so much I have pages of notes. I know so much more. I know what to do. Etc. you need to watch like 14 hours of lectures. Get it in your brain. If you watch 1-3 videos you won’t understand. They literally give you every single detail. 🤦🏻♂️
Alexandra I think you should let Robert talk and don't interfere.
Thank you for teaching us about money
After my car is paid off, which will be in 2 months, I am going to pay myself everytime I get a paycheck to get used to the habit
It's best to do it now
@@jamesd2209 Yep, then you also get into the habit of living on less, and can pay yourself even more when the car is paid off!
its been two months, have you?
@@mm-lv5gw Yes I just paid it off Yesterday actually. Your comment had perfect timing
@@falco6428 Well consider this your reminder, stick to your word, and start investing.
#Aspiring Rich Dad.
Thanks for financial education Boss Robert Kiyosaki. Keep inspiring others.
I wish they would give more specific examples....but then again I suppose that’s how they make their money....by getting folks to pay for the more in depth specifics via their books and seminars...I get the hustle
Buy the book.. ;) That's how you truly get rich lol Sell a book.
Amz get the books free. Nothing specific there
Hasib Rasool could you explain a little more please? I would *REALLY* appreciate it. It’s really not nice when people only give bits of information. What are they holding back?
(I assume they teach more farther down the line but I don’t even know where)
Hasib Rasool thank you much for your detailed response Hasib, greatly appreciated.
What would you recommend in your experience for someone looking to get into real estate investing as outlined by Kiyosaki? (Creating cash flow using other people’s money.. (likely banks))
What do you see as viable in your experience?
Do you have any experience getting funding from banks or other lending institutions?
thats where they actually make their money, selling stuff
Poor people 'I don't have money to do that'!
Kiyosaki-san : Baka!
GI ST hahah
LoL
laughs in poor... XD
I laughed way too hard on this.
Baka kkkkk
That thumbnail clickbaited me, nah, I was going to watch the video anyway like the other videos from the Millennial Money series. Que bueno saber que la anfitriona o presentadora habla español, pero de donde será?
She is probably American, with Hispanic roots.
Hi, and Thank you for all these excellent videos! Big Fan here. I have a question: In this video, Alexandra and Shane mention (3:00 in) that one of the reasons that the person (or business) giving you "OPM" for your 1st down payment is that they will have some ownership of the property in question. I assume what you mean by this is that you would initially purchase this property in tandem with the entity loaning you OPM. So you essentially co-own this asset with them, correct? And is this written up in a legal agreement so that when you pay them back then you buy them out...? I am just confused as to how that works from a legal perspective. Thanks!
QUESTION. My parents don't own their own property (they are financially struggling) so it's not like I can ask them for money when they trying to survive with all their debts and expenses (already being so far in their lives)... my friends... they don't understand this and preferto just be an employee. The only way for me to buy property is through my own means... by getting a loan from a bank. But... to qualify for a loan... u need to have a minimum set income every month plus u need at least 10% of the price of the property cash... so I calculated and it will take me a minimum of 3 years and that's with a job I'm not supposed to have???? I understand my goal is to not be an employee and to be financially free but i just don't understand how we supposed to do that from the get-go??? Don't we have to start with a job but with the right mindset and correct financial education, instead of using our income for what the rest of the world uses it for... commodities and to live luxurious.... we use our income to start investing and slowly build ourself up until we can quite our job???? And after the first property, it will take less time to get my second property and it'll be easier... and i would have gained some experience from the job...but that's all I can think of doing? 🤷🏻♀️ Maybe my financial education is just not good enough. Am i not understanding the concept... like what is a 18 yr old who just finished school to do... with no money, no job or no experience??? Where do u start? Gaining Financial Education but u need to pay the bills while doing this...??? I think i need to do more research because I'm obviously not getting this.
This is a lot of good information. However I feel that when browsing through the Rich Dad channel content I find much reiteration. The same message is being repeated over and over again and there is hardly any point in watching any more episodes due to information saturation. The info is good, but I find that it saturates me and there is not much else to learn after that point.
1:09 I like the way she switched to spanish when she was saying her name daaayyyummmm
weird flex, but okay
All American Girrrl just flashing my race card contingency
Saturday Night Live did a skit on that using an Irish person and accent.
I truly think it isn't necessary at all...just like the amout of blush they put on her...lol.
Not a flex, just her saying her name the way she’s supposed to.
I like Robert i listened to his audio books its just real estate isnt my thing but his basics are good although im in stock market. thanks for your general advice.
7:24 “If there IS a crash...”
Well that got real pretty fast!
This is extremely risky. Takes around 5 estates before things start getting easier. Most falter and once married with kids..that dream goes out the window.
That means increasing quantity is the key, right?
And that's why other investments is key, this is not for everyone. I'm into blockchain bitcoin investing and I get my weekly passive income all profits extremely lucrative and secure. Yes I'm in real estate too but after I got a secure investment like Cryptocurrency
I never finished high school and make over $50,000+ a year. Reading this guys book has inspired me to do more. I have a home but since I still owe is a liability. Currently I'm saving money to invest in real estate and hopefully have my own small real estate company.
Yes it's possible, it's all about your believe, it's very easy to become a reall estate manager . I will recommend you to ask Clifford_bitcoin.magnet on how to invest in real management
No thanks
How do you find and use opm
I hit 100k/yr at 34. 16 yr old dropout. With more money, I got more bills. I messed up. Lol
@@reviewsjustcuz1437 What do you do?
thumbs up for you Mr Robert
OPM is truly a great thing to learn from this video. Thank you.
I just wanted to say thanks for being so informative learning is fundamental.
I love these videos about Millenial Money!! Thank you for sharing Robert, Shayne and Alex!!
Hey i am aditya from india actually i don't have any money but i understand what you are saying but in india rent in really low as compared to rate of the property due to huge black economy .. plz tell Indian's relatable investment
Thanks for the education!
And that's why USA is the country with most debt in the world.
Hahahahah so funny idiot look at all of us laughing
@@charbelzeayter didn know the truth is a joke
@@KOJITAHBAWZ because they are investing their money
@@charbelzeayter in freedom?
@@KOJITAHBAWZ ARE YOU BRAIN DEAD FFS
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done
When discussing crypto diversification frequently asked question is whether diversification is even possible
Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements
Cryptocurrency is a very good option if you would like to trade online
@@charleslapson4939
Please enlighten me more about the trade
I have Mrs Laura Jasmine if you want to trade online
Hello Rich Dad Channel, How can I obtain the Rich Dad education that teaches about real estate investing start to finish?
You did not even explain how to get OPM to buy the property, an example would have been nice.
The game is to be sold, not told.
U have to buy their programs/books
banks
It’s just a clickbait
Because it all depends on your ability and "financial IQ".
If he gives you examples then you'll only try those examples instead of thinking for yourself
Thank you Alex
As an ex teacher in Australia 🇦🇺 i can tell you we weren't allowed to teach anything about money ... 'you're not a financial adviser or accountant'. But i had 10+ investment properties and was teaching the staff how to invest!
any way i can contact you sir/miss?
i see so schools is nothing more than a slave maker to work for the rich and the rich are either lucky or find away to get out of the system to become rich
(non english speaker here it may have wrong grammar)
@@aaronpingol1566 Probably so. The rich parents teach their kids about money while the poor parents discuss the football or cricket scores. The rich don't want the middle class and poor learning about money, just paying taxes and renting their properties ...
(your english is good 🤓🇦🇺)
Education is part of the problem
Sir / ma'am ,
How about rent to own?
Awesome cover photos!
If this is how you make money everyone will be doing it this is not for everyone.this people who write this books and do seminars they are making a lot of money out of people
This kind of strategy is high risk... people say but its not your money you are risking.. no, but it is your good name at stake, you can end up more broke than you were if this sort of thing goes wrong.
Phil Colwill or just claim bankrupt and walk away from all of the problems and start again...... I know people who have claimed bankrupt up to 3 times and the bank still gives him loans.
When migrants come in US most of them have no money yet many become richs!
@@hyouzanren1846 Wouldn't you say that this is because most migrants that go to the U.S. or the U.K. have a strong drive, more of a reason to want to do well.
They dont waste their time and money on booze and cars and sports and any of the modern life BS... not until later on when they have 'made it' or truely 'arrived' with the wealth to do it.
Just say you don't understand how money works 😂 otherwise follow your advice and write a book ad see how rich you get then. You people are truly idiots.
I respect and appreciate talent. It is about having the right mindset and the right attitude. We can all be wealthy in our own way.The Venting Vigilante.
Where do you live?.....,,,,,
I'm brand new to this industry (idk what other terminology to use) what would be the first step for someone who doesn't have a single incling about opm or real estate
Love it from Gurgaon India
She slimmed down from the earlier videos. Good job
3:55 Tumbs up for opening my eyes
@Robert Kiosaki Sir
I stay in a developing country like India wherein loan interest rates are as high as 8% but retail yield is only about 1%.
So taking 100 loans and buying 100 houses and pay emi using the rents collected doesn't turn out to be a positive cash flow.
Please suggest, how can I use real estate just like you used it.
😮 Im facing same trouble relatively to the moroccan regislation ; yet u ll figure it out mi friend smhw...there must b smthin positive u didnt pay attention too regardless all d odds ! Cuz like I said here m facin dat same trouble of urs..yet each time a positive small point pops out..or in case if it stps poppin out , I ll simply turn to beast savage mode n simply rebel af hhh! Sty uplifted mi bro ☺✌💯
Opium? I finally got that you're talking about OPM after 5 minutes.
Being an employee is boring being an entrepreneur sounds great.
Just one question, how to get started? As a 26 years old man, is there any "step by step" guide? Also, does any of this apply in third world countries? Latinoamerica?
I'm curious if all of this real estate advice is only for the U.S. or if the same things apply in Canada.
Also, is it even viable for someone who has no current income? As far as I'm aware (from researching) banks, nor other places, will give someone a loan without any credit history or income. I have neither.
teach me every thing about money!
I want to ask this.
"Assets is something that has value" - Google/General Idea
"Asset is something that gives us cashflow" - Robert Kiyosaki
Is this 2 different "Asset" we are talking about?
(Please do correct me if I'm wrong.)
Thank you :)
@HexFlicks So basically this is the same "Asset" word, only a different point of view?
@HexFlicks ohh, I get it.
Asset vs Financial Asset.
Asset is something that has value
Financial Asset is something that gives cashflow.
Thanks !
Let's start hustling avocado 🥑 toast
Study finance/economics in college and I gaurentee that you'll learn everything Robert teaches in depth. You'll surely get a much clearer and deeper understanding.
I'm not in college does it have classes or courses on it
Wow, a premiere! 🤠
Priceless content!
That’s free content
The truth is ...without poor dad, there will be no rich dad
4:08 I was never taught about opium
Very educational 🙏🏻
Is it possible to invite Dan Pena in the Rich Dad Radioshow?
This dude now is on some shit.. can't wait to see this
That was an advanced lesson💀, yes mentality matters. I would love to see some methods to implement.
Superb!
Thank you!
Robert: Learn how to think and raise your financial IQ
People: OMG HE DIDN'T TELL ME SPECIFICALLY WHAT TO DO I CAN NEVER MAKE MONEY NOW!
Is there a blueprint / framework which outlines all the steps with detailed information?
That's what I'm looking for. Even if it's just based on examples
I see a lot of people asking this, or along these lines, and having read many of Kiyosaki's books, he more or less says you'll need attorneys, accountants, etc., so that you can make sure you are following the law as you form the deals. He himself, cannot give those details because he's not certified to do so. If you want more, real details, it's good to seek out the 'Rich Dad Advisors' which are content, books, and videos from his accountants etc, whom are actually certified to give you detailed advice.
I appreciate this lesson.
How can i manage my properties
Robert always points out why people are poor, but never just says how to get rich, even his books go nowhere, other than pointing out the obvious.
He seems to just keep everything still a secret.
That's kind of true, i read his books and at the end he says the same thing again and again for 20 years!!! STILL there is a lot of things that you can learn and understand, and how to use the money to make more money or even how to start the idea and became in the entrepreneur, is the most valuable thing about this guy.
Never show anyone. They will beg you and they will flatter you for the secret, but as soon as you give it up, you will be nothing to them. ~the prestige
The secret is there is no secret
~Oprah Winfrey
He does tell you he gets other people to trust him... that’s the start. Then he grows their investments. Learn how money grows, get some and grow it❤️ . He doesn’t mind being in debt because it’s a tool.
dude, opm means physically going to a bank and asking for money, then taking that money and using it for investments, there is nothing secretive about this, open your eyes.
Crazy Gamer this is y ur poor but I’m sure u know this 😃
Muy bien girl, hasta llegue a pensar que no hablabas español ;)
Great insights shared, thankyou!
your house is a liability, same with food, electricity, water, telephone, clothing. He must be a genius... Money is just digits if you dont use them. The key is balance not be frugal
balance doesn't bring in wealth, saving doesn't bring wealth, it's using those savings to invest and using opm as leverage to invest your savings, however your house is your biggest liability.
Oregon set to become 1st state with mandatory rent controls, yikes could spread to other states and even products and services! I said it once Ill say it again property ownership is a lie. You rent your house from the town and if you rent one out, you are just the manager. Everybody is going to start to cash out.
This is why I bought into mobile homes. Its cheaper with nearly the same profit margins.
So true. We rent our house from the town, by paying property taxes.
Robert is so funny when he make the poor ! He could be in a sitcom !
nice lesson.How can we leverage mortgages and interest rates?
Do the teachings only apply to the us real estate market ?
Hahah haven’t seen Robert joke like that before😂
The girl doesn’t come across as she has the knowledge to go through the process of selecting and purchasing an investment property. Just reading the script to backup what RK preaches. Using debt to buy a property also require you to lay down a deposit. So you do need a minimum of 10% (depending on which country your buying in) of the purchase price of the property in cash to the seller. As well as other professional fees such as a conveyance lawyer to conclude the deal. Anyone who has bought s property will know you do need a good chunk of cash to buy a property.
So true, also you need a steady income (job) for the bank to loan you the rest of the money AND you may not make much or any profit until that mortgage is paid off. Once you're over that first hurdle (15-20 years) then you're on the up. So yeah, easy to preach, hard to do.
you don't have to use banks ya know...
@@really5453 What do you mean? What other sources would lend you for a deal??
Temy Nator private lenders, hard money loans aka high interest loans, partners. There are also techniques to control purchase contracts and use them to either hold or flip. The truth is UA-cam make it too easy but it’s not too hard either. It’s possible to acquire a property without your own money just like any other assets. You just need to look good to prospective lenders.
I’m sure she’s working for Robert to learn
Thank you for such great advice. I have a house that I am planning to sell. However I am not really sure what I am going to do to generate an income or cash flow after that. I'm torn between buying a piece of land and building to sell or using my payslip to buy a house, renovate it and sell. I would really appreciate your advice. Thank you
I really liked this video ! It was shirt and to the point !! Alexandra did much better !!! Can’t wait to try my first deal !!
Loans and debt is a great way to start off, but for the love of god make sure you have the means to make your repayments on time, declaring insolvency sucks.
Where are you from?.....,
Dude you borrowed 200 k from your "poor" dad in the 70s to get started 😂 Stop telling the people you Need Zero Money to make Money because that's Just a lie.
You really don't need money to make money. There are 3 ways to create wealth. Robert explains it in his book "Business of the 21st century" time compounding is key.
@@keanureed9063 suuure Mate. That's why He needed 200 k in the 70s to start over. That was approximatly 1.5 Million Back then.
@@keanureed9063 why are you suggesting a book that promotes a pyramid scheme?
Pyramid schemes are illegal. If you read the book, find the right company. It'll actually teach you how to apply duplication / time compounding to your business. Take Starbucks for example. A professional networked doesnt use the social media, friends and family for direct sales. A professional networker uses his/her words out in the real world to put together a team of lookers. Take LTD and Dream Builders for example. Across the board the turn over rate is 99.9% but the two organizations I mentioned have less than a 20% turn over in network marketing and those two organizations are thriving and will never fall apart because duplication allows the company to collect just as much profit as the IBO no matter what. The wider it gets... The more profitable it is. Another thing that makes it not a pyramid scheme is that the person below you can make more money than you do and you won't get a dime if their at a higher point than you are.
He never said he didn’t . In his training he talked how in the old days he had to use so much money to get started but obviously with more experience and the 21st century today he learned to actually get started with no money . Really listen before you comment on something you do not understand
Do you guys have this information in Spanish? I wish to share with my Spanish speaking friends..This is amazing and motivating information towards finance
Where can I learn more about this topic?
My aunt gave me your book a while back, but I wasn't sure if I should open it. I kept coming up with excuses to not read it. I would say, 'I am too busy, over worked, and I have too much too study.'
Recently, I finished your book in a couple days. Every opportunity I had to sit, I was trying to rewire my brain with your tips. Thank you for the inspiration Robert!
Dave Ramsey freaking out rn lol
i learned how to balance a checkbook in school, that's about it aside from economic theory etc.
US need learn ALOT from Robert!
Kiyosaky, you never think to do a movie about your “life-book”?
Every video from this man is 98% remix, same speech every f**king time, not a single answer to the question ,,HOW,,.
Do you expect an A-Z manual on how to get rich? Kiyosaki is an expert in giving perspective in the financial world, through this perspective you should learn and educate yourself in your own expertise and how to grow your assets...
@@hadrienvermeire2809 youre still missing the point. No point in titling a video "how-to" if there's no actual how to information.
It’s all speculation
Opm dude. The answer on how to start real estate without money is OPM. Come on.
Do you offer an apprenticeship program like a few other investors do?
Information like this; is gold! But I live in Greece, we don't have the same taxes, we don't have the same banks. What should I do here?
( Change country? Yeah, that would be an option ) So, all these things you keep saying about, are applied ONLY in the US?
You need to build your team, which is the same as in the US. Find a real estate agent, accountant, a lender whether that is a bank or a private investor, contractor, lawyer, and so on.
He has sold so many books, but still the info is so vague. Not good Robert, wont buy your extensive books if they dont give out info black and white
He's an idiot 😁
NexY are u a billionaire? Are u richer than him? Are you wealthy? Probably not. How can you call him an idiot? You are even watching a video he made. You are the idiot.
@@BS-ei1hk Nexy is the Next Poor dad
Kiyosaki does some epic impressions 😂 3:45 , 3:58 , 6:47 ... superb trolling by him
How do I learn how to calculate the numbers so that I can make the best decisions for myself too? I feel like there is a lot to it and I'm not sure how to start.
Search for The Richest Man in Babylon Lizara. Some good starting suggestions on personal discipline and financial basics there. Then look up compound interest and take as much advantage of that as you can to build your savings into growing investments. Set your goals and don't deviate.
where can I learn business, Real estate