Real Estate Riches by Dolf de Roos
A real estate investor writing a book for
other investors in the property market. Well, at first, it
sounds too good to be true, but in Rich Dad’s Advisors
“Real Estate Riches” backed by Robert Kiyosaki’s
Foreword, Dolf de Roos explains to real estate investment
interests on how to become rich and wealthy using your banker’s
money.
As an undergraduate student, Dolf de Roos
purchased his first real estate property and after eight
years of university education and getting his Ph.D. in the
professional area of electrical engineering, he decided
to get into real estate investing full-time. As Dolf de
Roos mentions in “Real Estate Riches,” a Rich
Dad’s Advisors series book, he had a starting job
at $32,000 a year while one real estate property deal was
worth more than $35,000. If you are feeling the same way,
or are caught up in the infamous ‘Rate Race’
that Rich Dad Poor Dad’s
author and creator Robert Kiyosaki keeps mentioning, then
the Real Estate Riches advisory and educational book by
Dolf de Roos is a perfect book to get you started in investing
in real estate and how to create wealth through using the
bank’s money through financing your property deals.
An overview of “Real Estate Riches”
Being a Rich Dad’s Advisors Series book, meaning that
Robert Kiyosaki and the
Rich Dad Poor Dad company
has actually guaranteed the author and the contents, Dolf
de Roos’ Real Estate Riches is about showing the general
public or amateur investors why real estate is tens and
even hundreds of times better than any other investment
out there, including bonds, stocks, savings, GICs, and other.
In addition, “Real Estate Riches” is an educational
book by Dolf de Roos that goes into how to find the best
real estate investment deals that will now only give you
positive cashflow monthly, but also the best appreciation
and equity capital gains that will outperform the current
market and be a long term investment success. The Rich Dad’s
Advisory Series book Real Estate Riches by Dolf de Roos
then goes into teaching how you can increase the value of
your property or real estate investment using some simple
steps, a bit of time and very little money. What most people
and investors don’t realize is that only a few small
renovations and improvements to the property can lead to
great increases in the market value of your real estate
investment in any market and location. Dolf de Roos’
“Real Estate Riches” which is part of Robert
Kiyosaki’s Rich Dad’s series of financial education
and self-help books also goes into how the tax man can subsidize
your investments to create a win win situation both short
and long term. Dolf’s book Real Estate Riches also
explains hos Rich Dad’s B-I Triangle impacts every
piece of real estate and how to create passive income streams
using your banker’s money so that you only work if
you want to. Lastly, the “Real Estate Riches’
Rich Dad’s Advisor’s book by Dolf de Roos and
foreword by Robert Kiyosaki explains how you can escape
the Rat Race, enjoy life, live on the positive cashflow
and equity capital gains from your property investments,
all by creating wealth through the use of the bank’s
money and very little of your own.
Rich Dad Poor
Dad
(Soft Cover) |
Rich Dad Poor
Dad Classics (3 Book Set) |
Who Took My
Money?
(Soft Cover) |
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Part 1 of Real Estate Riches
Dolf de Roos is a trusted and well experienced real estate
investor who happens to also have an electrical engineering
Ph.D. However, he has chosen property investing as his full-time
career, and building wealth and getting rich by using the
bank’s money has become his forte and greatest experience
that he can pass on to all of us. In the first part of Rich
Dad’s Advisors Series “Real Estate Riches”
by Dolf de Roos and acknowledged by Robert Kiyosaki (author
of Rich Dad Poor Dad and Who
Took My Money?), the author explains the importance
of why property investing and real estate are so good in
terms of cashflow, amount of money required to get started
(i.e. borrowing from the bank through investment finances),
tax breaks and higher than average returns. These chapters
provide useful and eye-popping details and examples of why
real estate investments generally provide greater and less
risky returns when compared to other investments. Dolf de
Roos “Real Estate Riches” is really an introduction
to why people should start thinking about investing in property
and the correct reasons for doing so that include cashflow
monthly and equity gains through time that will get you
out of the rat race.
Part 2 of this Rich Dad’s Advisors
Series Book
Dolf de Roos does not stop at just explaining why property
investing is such a great investment area. In the second
part of the “Real Estate Riches” book, Dolf
talks about the 100:10:3:1 Rule that is simply put: of every
100 properties you look at that fits your requirements for
a good investment property, you will usually narrow it down
to the best 10 of which you will write 3 offers and eventually
win 1. “Real Estate Riches,” which is a Rich
Dad Advisor’s Book by Robert Kiyosaki’s company
and written by Dolf de Roos brings up an important point:
real estate investing is not a get rich quick scheme, it
is a long-term processes, if followed, will build you great
wealth and cashflow by utilizing the bank’s money.
No one said it would be very easy or wouldn’t take
you time, because it does. However, Dolf de Roos goes into
how to find the appropriate properties, analyzing real estate
deals, negotiations and submitting offers. In addition,
Real Estate Riches talks about the OPM (or advantages of
using Other People’s Money such as bank financing
and mortgages) to your advantage in addition on how to increase
the value of your real estate investments without spending
much money. Lastly, this part of Rich Dad’s Real Estate
Riches by Dolf de Roos explains how to best manage your
properties so that you find good tenants that will give
you the positive cashflow you are looking for.
Part Three
The last part of the book by Dolf de Roos goes into more
higher level thinking including the differences in strategy
for investments when it comes to residential versus commercial
property investing as well as government interference that
may get you off the path for a bit. One of the most important
chapters in “Real Estate Riches” by Dolf de
Roos is The Eight Golden Rules of Property and like Robert
Kiyosaki’s Rich Dad
Poor Dad, the last chapter will set your action plan
together and get you motivated to start in investing in
real estate.
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