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All message, no substance. That makes it appealing to a bigger variety of people. This is why they are rich, not real estate investing.
For the person who wants to know more about aquiring real estate wealth these are good sources of information via books, games, DVDs and mentor programs etc...
Education is the basis here and unfortunately this subject of real estate wealth and how to generate it is not taught in schools - but beware of information scammers!
Without substance it all means nothing...
oh, this guy drives me bonkers! see my posts on the other discussion you started. as for pahotlistings.com, he thinks pa has centuries more history than new zealand. honestly!
Sad but true. I should invest in the companies that specialize in infomercials.
here is a guru rating web site.
http://www.johntreed.com/Reedgururating.html
i know i may be in the minority, but even if the messenger is a liar or stupid does that take away from the message. If i say don't steal, yet i steal and do worse things it doesn't mean that those actions negate the message that stealing is wrong. Although, these people may say things that are wrong, lets not through out the truth they may speak.
Ben, my biggest complaint about it is that these books connect emotion to investing. They are like oil and water, they don't mix.
I would agree, you need to take emotion out to make logical, business driven decisions. but all i am saying is some people (not necessarily you) want to throw out the valid points along with everything...
I know what you're saying. It's definitely good to have an discerning mind when reading these sorts of things. I sometimes get frustrated with the whole thing, and toss it aside. I actually read "Rich Dad Poor Dad", and found that the principle of "supplementing income" was a great. It's something I was taught when I got into business, but it wasn't taught in that way. So I definitely see where you are coming from.
Kudos to you for not getting frustrated with the obvious flaws, and taking it for what it's worth.
yeah that is the same thing i though when i read "rich dad". I just thought it was funny that people were talking about playing on emotions, yet some people because they are emotional about the people that wrote the books are ignoring valid points and not thinking logically but with emotion..
Guilty as charged.
"To obtain a bird's eye is to turn a blizzard to a breeze" (Brandon Boyd)
Love that quote, and I've posted it quite a bit, but that's what it's really about. A discerning mind.
Generally, "gurus" provide informaiton for the masses in a dumbed down format that is a regurgitation of B school and the current tax code.
As crazy as it may sound, I enjoyed Rich Dad Poor Dad. I took away a number of good lessons from the book. Buy properties that cash flow and not negatively cash flow. Such a fundamental argument that works wonders in today's market and would have saved many in the 03-06 boom. I cannot predict what will happen tomorrow, but if I cash flow on a property at least CD rates or greater (including allowances for repairs, vacany, and property management). Why do I care if the property goes down 30 or 40%. It's bad, but long term wise, in 5 years, 10 years, or 20 years. I'm still getting that annuity check and by that time inflation may have increased my property value.
Overall, the messages are dangerous and they definitely simplify real estate, however, these are building blocks. One doesn't read just 1 blog, or 1 book and understand real estate.
I agree that we should take only what help us from this people and or books. as for the original question there are many different strategies for every market. I be leave the gurus stay on top because they understand and no how and when to use them.
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Real Estate "Gurus"
surprise007
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What do you guys think of Real Estat Gurus?? (i.e., Robert Kiyosaki, Russ Whitney, Russ Dalby, Dean Graziosy, etc..) They seem to never die off no matter what the market is like. I guess it's because of the "hope" they instill in people. I have a much bigger opinion about them particularly because one of them lives AND operates in my town. (FYI: Robert Kiyosaki and Russ Whitney are partners. It's called Rich Dad Education) I'd like to know what everyone else thinks about them.
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