Robert Kiyosaki investing for cash flow in the real estate
I am seriously questioning to make money on the rental property in the economy of the basic needs.
Comments
I own three direct ocean properties here in Florida and I rent them out and do very well with them. I bought them brand new in the year 2000. If you have any questions about ocean front properties, I can answer them for you.
Thanks for the great sights in Cuba. Didn't know it was so free to film there. About real state investing I think Kiyosaki obviously talks about intelligent real estate investing, which includes doing so in the right areas and so on. morganslv mentioned in one of his videos buying near a hospital for example.
great thoughts. thanks.
They still have to live somewhere... and it would be smarter to invest where the jobs are. No jobs = poverty = not good investment.
The bottom line, the real estate investment money will be near the jobs - and directly related to wages of the jobs. Keep in mind that not 100% of economy will be devastated - my point is the investor (in anything could be hotdogs or apartments) will be where the jobs are.
@bobmetelsky If American average earned income will be 500$ per month in today Usd, how much the rent can be? And what the value of the property that 500$ worker will be able to afford?
@Alexiscom1 That's another unique thing between you and I....I'm 59 years old and trying to get to retirement and you are looking to the future. I used rental property for liguidity or "cash flow" like Kiyosaki talked about. The key is to find a way to earn a profits in the economy as it is today. I am indeed selling my rental property. The rental fees have returned my investment and we have agreed on them to continue paying rent for 5 more years and it is theirs...five year of pure profits.
Kiosaki says in his new book "he follows the jobs because money follows jobs" that’s where people end up and therefore where the money ends up. People need a place to live near where they work. No jobs.. People eventually move - to location with jobs. Look at Michigan - now a ghost town - was boom town during Americas manufacturing. Now almost dead. Money follows jobs. You need to invest where the jobs are
Tell us about how you picked Cuba for a vacation. Seems kind of weird. cheers!
@hatch381 If i get you right you are selling your rental properties? May I ask what you are going to buy? I am not comparing Cuban and American economy, my mane point is that the housing has to be at very low cost for very low income people. When I say low income I mean 300-500$ in today USD per month. My prediction that the working wages in the US will be around this value in today USD. Person earning lets say 400$ per month wont be able to pay more then 100-150$ rent. Now imagine how it looks
You covered a lot of ground Alex. The US economy can't be compared to the Cuban economy....at least not yet. I think in today's US economy you have to move in and out of sectors as this economy changes....could possibly be expressed as "collapses". When I lost my job 4 years ago, I bought into residential rental properties and I will begin to move out after the first of the year...for some of the reasons you mentioned. I will move out through rental purchase agreements already planned.
i am very suspicious of Kiyosaki, esp. when i saw him 'holding hands' w/ 'the donald'.