Rich Dad Poor Dad Robert Kiyosaki Interview
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All Comments (26)
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@Roelandvinken Rental income i guess. Its cash flow rather than capital gains that gets his attention.
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@bg384 another proof that he does what he teaches lol
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Does Kiyosaki still do real estate?
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he buys or invest into apartment developing or purchase properties and rent it out
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Oay Roelandvinken:, You asked "How Dose Robert make money with out Flipping" , 9 months ago. Well..
Simply He make money buy Re Finance the house.
Example, He make money buy Renting his house to some else and Robert gets pay Individual Income Every Month. If He Fliipping house(Buy a House Low and Sell High) There's a Tax code 1031 Exchange which he has no nearly Control of Payment Tax. So more likely, He lose money. Again Rent-It-Out is better for Cashflow. But Fliipping will gets pay 1 time.
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thanx Orko, that wraps it up!
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not only cashflow, he did 1031 exchange...
but most people thought he made most of his money from books, audios and seminars...actually this is furthest from the truth...
he did investing in a higher level, and he is a insider ...
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He does it thru cash flow and appreciation over time, usually in multi-family properties. For example, you buy a 12-plex that has net positive cash flow, and has slightly below market rents. Fix up the units, increase the rent over time. Divide the net operating income by the capitalization rate, to get your building's worth. Assuming a 6% cap rate, every $20 per month rent raise is $240 per yr, which increases the bldg's worth by $240/0.06=$4000 per unit. Sell it or keep the cash flow.
Actually a large percentage of the Kiyosaki empire is selling information products, coaching and book royalties. His real estate income is good, but his company income is better.
bg384 2 years ago