What Can We Learn From The Investment Property Gurus?

What Can {{{We|You}}} Learn From The {{{Real Estate Investing Mentors|Investment Property Gurus}}}?

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

The only real difference between someone like Donald Trump and the average person is that he has taken the time to study and learn about buying investment property. Of course, Trump may have grown up studying the various parts of real estate, just as another guy may have grown up exploring the various aspects of baseball or perhaps his favorite style of music. These mentors realized that learning about real estate is a perfectly respectful 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 process of investing in real estate, a how the whole thing works. You need to understand 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 extreamly important that you learn how to study and keep on top of the investment property markets that you are interested in.

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 intelligent decision – even information that the seller may be withholding. The experienced investor gets this info by making sure to inspect the potential investment his or herself, and by bringing along the 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 feedback.

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

These are the things that the investment property experts know. It is a process that they have mastered. Of course, they have been through that process so many times that it has become automatic for them. But it is something that almost anyone can learn.

And that is the main difference between the experts and someone like you is that the gurus understand how do-able a thing buying investment property actually is.

Robert 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 as a “wage slave”. In his Rich Dad series, he writes that his father was an extremely book-smart man, but he referred to him as his “poor dad.” The opportunity Robert 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 was willing to buy investment property. 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 endeavor. The markets are like liquid, and tend not to stay put. All it takes to become wealthy is to simply decide that you are going to learn how it is done. All you need is the commitment to studying.

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