Monday, February 6, 2017

The Real Book of Real Estate by Robert Kiyosaki

I have never been a fan of "Rich Dad" Robert Kiyosaki and his books.  His "Rich Dad" never existed despite his forceful claims to the contrary.  Plus much of his real estate and financial advice sounds like it came from a fortune cookie like "When People are Lame, They Love to Blame" and "Education is What You Learn After You Leave School."

But his new book, The Real Book of Real Estate, is actually quite good.

Filled with chapters written by "His Trusted Real Estate Experts" that range from Carleton Sheets to Eric Trump, the advice offered in this book is actually free of much of the get-rich-quick hype which predominates in this area.

Of great importance to me, Kiyosaki actually addresses many of the myths and mistakes taught by real estate gurus, for example, how stupid it truly is to hold real estate title in a C corporation.  (Use an LLC instead.)

This book is an excellent primer for anyone wanting to learn more about investing.  If you own a rental property or two, you probably don't need this book.  But until then it is a great guide for someone wanting to get into the business.

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