If Investment Property Were Like Betting On Horses
Monday, August 13th, 2007If real estate investing were like betting on the horse races, there would be no such thing as a real estate mogul. You would see people who made a lot of money quickly from time to time, and those people would fade into the background like last week’s pop stars. For people who approach real estate investment like that, it is very risky. In fact, they are almost guaranteed to lose a great deal of money.
There is another side to buying Minnesota investment properties. Robert Kiyosaki, author of the Rich Dad book series, and Ken McElroy, one of his Rich Dad advisers, both say that there is another way. In order to make real estate pay off for you, you have to approach it in a methodical manner.