How To Invest In Real Estate Without Making These Mistakes - Robert Kiyosaki [The Rich Dad Radio]

What real estate investing mistakes have you made? What did you learn from it?

I have worked closely for 15 years and have accumulated over $2M. Currently, I am in search of ideas on how to grow this money and pass it down to my kids and future generations. I could really use some experience and ideas. Thank you!

Robert Kiyosaki has taught me that the solution to money problems is not more money, but a change in money mindset...

I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how.

Robert needs to make a Cash Flow video game

Awesome video. One of the biggest mistakes that happened to me was about 15 years ago when I bought a property taken away from a prior primary buyer, not paying the mortgage. The property has been with them for generations. I closed on the property without any insurance, thinking that I will put insurance later that day after closing on the deal since it was a cash deal, a cheap deal under $40,000, so I didn't mind or was not concerned with not having insurance at the moment. Well, the day after closing, the former seller try burning the property down. He started a fire in the living room that did not thankfully burn the whole property down. So I decided not to look back and add to the rehab budget, fixing the house's burn area. Once I was done rehabbing it, almost ready to put it on the market, the previous owner returned to the property and burned it down completely. At the moment, I wanted to have insurance, but because of the incident, no insurance company will give me coverage anymore, so I lost my investment completely. So my advice is always to get insurance no matter how cheap the property is or how quickly you believe you will have the property for.

really love listening Robert show on youtube.

Everyone makes mistakes. The more mistakes you make, the more you learn from them. Then the key is how you bounce back. 😉

Biggest mistake was selling the property instead of renting it

Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

Real estate isn't all terrible, but it's not as profitable as stock investments! Many seasoned investors understand that an investor must be both a dividend and a growth investor. For instance, if I managed to make a 1000% gain on Tesla and then pulled 85% of the profit out and decided to invest it in a lot of more stable dividend stocks like CVX, I would say diversify, but also use those growth opportunities to build capital to invest in dividend payers (or in cash flowing real estate). This is how I made my first million, and I also use an FA, his name is James Fletcher Brennan. Best wishes!

2:48 classic Dunning-Kruger effect. Going into real estate where it's hard to get out is probably the worst time to be over confident

Robert love your content! Use your debt to invest in a decent compressor for your microphones.

You guys should do a show playing the Cashflow game together. It would be amazing to see your minds at work with the level of financial education you all have. Rich Dad advisors play Cashflow!

"Courage is going from Failure to Failure without losing enthusiasm." Winston Churchill.

Love the content, Robert! I loved the process of buying my first rental property!!

I sold my home 2020 and I've been dollar cost averaging all year long and I've almost maxed out my reserve, so I'm basically waiting for stocks to fully recover so I can break even, but on the other hand, I've been coming by articles on people who are puIIing off recurring proflts of over $150K wlthln just weeks of trades, what am i doing wrong?

ROBERT k. the Mr. Miyagi in the art of investing..😎👍🏽🙏🏽

​Roberts mic is a little bit low at times great vid love all this stuff!

I’m headed to Gene Guarino live training event this weekend.