(Ebook) The Cashflow Way to Invest in Real Estate by Robert Kiyosaki, Ken McElory

(Ebook) The Cashflow Way to Invest in Real Estate by Robert Kiyosaki, Ken McElory

There are four reasons why we think this real estate book is important. First, there will always be a real estate market. In a civilized world, a roof over your head is as essential as food, clothing, energy, and water. Real estate investors are essential to keeping this vital human need available at a reasonable price. In countries where investing in real estate is limited or excessively controlled by the government, such as it was in former Communist Bloc countries, people suffer and real estate deteriorates. Second, a person can participate in and prosper with real estate in many ways. For most people, their only real estate investment is where they live. Their home is their biggest investment. During the real estate boom from 2000 to 2007, many amateurs got involved with flipping houses—buying low and hoping to sell higher. As you know, many flippers flopped and lost everything. In true investor vocabulary, flipping is known as speculating or trading. Some people call it gambling. While flipping is one method of investing, there are many more sophisticated and less risky ways to do well with real estate. This book is filled with our knowledge—and that knowledge was gained through the experience of real investing rather than flipping, speculating, trading, or gambling. Third, real estate gives you control over your investments, that is, if you have the skills. In the volatile times of early 2009, millions of people were losing trillions of dollars simply because they handed over control of their wealth to other people. Even since the middle of 2008, the great Warren Buffett’s fund, Berkshire Hathaway, has lost 40 percent of its value! Millions of people have lost their jobs, which means they had no control over their own employment either. True real estate professionals maintain control over both their businesses and investments. And, finally, here’s the real reason for writing this book. We are sick and tired of financial experts giving advice on real estate, especially when they do not actually invest in real estate. After Rich Dad Poor Dad was published, there was a television program with a financial author and television personality.