I was reading Robert Kiyosaki's book, about how he became rich and stuff, and he wrote a lot about buying real estates and making money on them?

How did he do that? How can anyone make profit out of it?

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Professional Business Advices Community

There is a lot of BAD stuff written about real estate and a little bit of GOOD stuff ... start by finding and reading some of these good books (google "John T Reed" and see which books he recommends and which ones he pans).

The truth is that most people MAKE money through a business, then KEEP money by investing in real estate. If you can't (or won't) start a business (even on the side) then you can at least accelerate your LIFE SAVINGS PLAN by buying and holding income-producing real-estate.

Right now, it's very simple:

1. If you don't yet own your own home (but would like to) BUY one now and LOCK in the interest for 30 years.

Why?

Home prices are relatively cheap (if you think they will get cheaper then wait a little longer ... if you're not SURE they will get cheaper, buy now).

Money is cheap - morgage rates are probably 2% lower than they will be by 2009 or 2010.

You want to keep buying that cheap money for as long as possible ...

... but, only IF you are prepared to take the next step, which is to ...

Assess the increased equity (what your house is worth - what you still owe) in your house yearly and use that excess equity to buy another as soon as you can scrape up a reasonable deposit (20% if you are conservative).

Lock in the interest rates for 30 years; rent the property out; keep raising rents; reassess the value of all of your properties yearly.

3. Repeat 2. until Rich!

Now, this will take 10 to 30 years; to accelerate: start that business and use the excess cashflow to buy more investment properties rather than Porsches!

Simple ... and, you couldn't be starting at a better time in history!

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AJ Cartwood
http://7million7years.com/ - How to make money shouldn't be kept a secret!

Making money on real estate is not a get rich quick scheme. You have to have money to invest and buy and sell at the right time.

making money on real estate is not a big deal, you have to invest money and buy and sell at the right time.

The points of entry and exit are very important when buying real estate, as they are with any other investments. Right now in many parts of US and Canada carrying cost of real estate properties are twce or more the rent you can get for these properties, which means that you'll be losing a lot of money if you buy at current prices and rent it out.

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Never spend your money before you have it. -- Thomas Jefferson