Real Estate Investing Mentors - Are You Listening To Them?

By Author: Unknown
Total Articles: 46
Comment this article

Names like Robert Kiyosaki, Ken McElroy and Donald Trump tend to make it into our pop-culture. Even people who don't exactly know Robert Kiyosaki's name recognize the Rich Dad, Poor Dad book-series. But Trump? Most Everyone knows of him. They know he owns a LOT of properties. People don't understand, however, how much they actually have in common with someone like Mr.Trump or Kiyosaki.

The main difference between someone like Donald Trump and the average person is that he has made the time to learn about buying investment property. Of course, Rich Dad may have grown up studying the different parts of real estate, just as another kid may have grown up studying the various parts of football or perhaps his favorite genre of music. These mentors realized that learning about real estate is a perfectly reasonable accomplishment for a reasonably smart person to set out and do. All you have to do is understand what you need to know and take action.

The Rich Dad series helps you do just that.

You must learn the actions of buying real estate as an investment property, a how the whole thing works. You need to know ...
... that you need to learn some basic accounting and finance, and familiarize yourself with property law. You don't have to learn a lot, just enough to be conversant with your accountant and your attorney. After learning how to read the language of real estate, so to speak, it is then time to study the markets. It is very important that you learn how to research and keep on top of the investment property markets that hold your interest.

Then there is the business of the negotiation and knowing what to do to make sure that you get all the information on a piece of property that you need to make an informed decision - even information that the seller may be withholding. The savvy investor gets this information by making sure to inspect the property his or herself, and by taking along the appropriate member(s) of the team of experts he will have hired. This team are your eyes and ears. They will see the things that you may miss and they will give you valuable advice.

The new investor has to know how important this team is, so he won't attempt to invest without them.

These are the things that the investment property experts know. It is a process that they have learned. Of course, they have been through that process so many times that it has become 2nd nature for them. But it is something that you can learn as well.

And that is the main difference between the gurus and someone like you is that the gurus understand how easy buying investment property actually is.

Kiyosaki is a man who recognized an opportunity when he saw it. The son of an educator, he could have grown up believing that his destiny was to spend his life working in a cubical. In his Rich Dad series, he writes that his father was an extremely intelligent man, but he referred to him as his poor dad. The opportunity Kiyosaki saw was that of listening to the wealthy father of his friend, who advised him a better financial future lay ahead for him if he simply got into real estate investing. He took this advice from his rich dad to heart and began studying how to do it.

He is still growing today. All the teachers are, because property investing is an ever-changing discipline. The markets are constantly fluctuating, and tend not to stay put. All it takes to become wealthy is to simply sit down and learn how it is done. All you need is the will to study.