I found this website was fairly honest and consistent. The real estate advice he gives in his articles section is fairly basic, but it gives a prospective real estate investor some basic fundamental understanding of what is required for the job, how to make sound financial decisions using ratios, etc.
One segment that I enjoyed was his complete disdain for Robert Kyosaki that culminates in a 185kB plain text document outlining inconsistencies in his book Rich Dad, Poor Dad, his life, and other musings. It really is quite scathing, I’m sure Ken over at ARRDPD would disapprove. However, it is consistent, and reads well. It is actually quite amusing to look at how JTR’s research disproves many of the careless comments in Rich Dad, Poor Dad.
I do see JTR’s point though. When reading RDPD, one gets the feeling that everything is exceedingly vague. I think Kyosaki, if anything is a fantastic salesperson who has managed to find a key niche of selling real estate investment advice to people who will probably never get involved in real estate investing. The book is dumbed down, and mostly amounts to a bunch of flag waving like you see at a highschool pep rally.
For some readers, Kyosaki makes them feel smarter by giving them ‘insider’ information like how to calculate your net income. For other readers he makes you feel superior to the rest of the world by constantly putting down people as not being able to figure out the most basic foundations of accounting.
The article entitled
“Suggested sequence for starting a real
estate investment program” has some good information. Its more of a
pre-questionairre to see if you have the right-stuff for investing in
real estate. It is a simlar approach to that used by Robert Griswold in “Property Management for Dummies.”
Either way, there is some good information on John’s site that is worth a look and skimming the Rich Dad, Poor Dad book review is good for some amusement on a Friday afternoon.
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