Robert Kiyosaki: On Debt / Using low rate financing to invest in Texas real estate

Robert Kiyosaki sits down with Kurt Carlton, CEO of Sherman Bridge Lending and Andrew Welker, CEO of New Western. This video is on the importance of having a financial education. Robert describes how favorable the current mortgage rates are for investing in real estate in Texas. He also describes how to save money on your taxes through real estate. Kiyosaki states he mainly invests in distressed houses and apartment buildings in Dallas, Fort Worth and Houston investment real estate. He is also a big proponent of using leverage such as hard money to get your investment deal done. New Western is a Texas based company that provides investment properties for real estate investors www.NewWestern.com and Sherman Bridge Lending provides rehab lending for real estate investors www.ShermanBridge.com.

Comments

1. What's the name of the resort he owns?
2. You can’t become rich by doing it all yourself. You have to use leverage to truly become rich and stay that way. Leverage works in many ways, from outsourcing to investing. It's what they all do including Dave Ramsey!
3. Bad debt = consumer goods, cars, credit cards, home loan. Good debt = something that gives you a return or income GREATER than the cost of the debt......simple
4. He is right. Debt is not the problem, but high leverage is a problem. For example, if you borrow money with 30% down, and you cash flow gives you positive cash flow on the 70% LTV debt.  You need to examine terms like Cap-rate, and Net Operating Income, and cash on cash return. You need to get educated. But high leverage is why most people get into trouble. Buying a property with no money down seems like a good idea, but high leverage can help you with an infinite rate of return, but high leverage can bankrupt very fast too.  You need to look at it as I can borrow a million against a piece of real estate much easier than I can save a Million, but by the same token ,you need to have skin in the game and not be over leveraged. It's not debt itself that is the issue, it's negative leverage.
5. thank you for these videos guys!
6. Also interview awful background music!
7. Robert is awesome, never get tired of listening to him.
8. Need to understand ROI and cash flow, plus tax, and property and its areas.
9. im torn....love this guy.....but I also like Dave Ramsey........both valid viewpoints based on their experience!
10. Picture a life not having to worry about bills or where cash is going to come from? My and my partner make over $4,000 a week implementing Sweet Profit Secrets (google it). It's easy. And sweet lol...
11. this is like financial porn
12. The 2 million dollars as well as the actual value of the property are all irrelevant. Its only a figure that can be re-financed to purchase the down payment on another investment. The monthly figure is what is valuable, and the "interest" is beyond covered by the monthly figure or revenue generated by the investment. For Example: I own a home, the value isn't too important right at this point. I pay 600$ interest but I make 700$ rent. Not extremely high profit but you gain equity as well.
13. great video. A lot of opportunity out there today with the right education. TMC Property Solutions
14. Such accounts are for internal use and when it getting money it return after multiplied by a certain coefficient one of these accounts is number U4647569, let us do so would LR understood their place. Small overrun of this account does not bankrupt them but the department what engage in criminal activity will have huge problems. Transfers to the account broken into many translations of $ 5-50 so please do not go beyond that, and LR a long way from understanding what is going on.
15. 2 million $ money tax free???? what about the interest you had to pay to the bank?