‘Rich Dad’ Robert Kiyosaki: Use This Two-Step Formula for Real Estate Investing (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),Fn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    ‘Rich Dad’ Robert Kiyosaki: Use This Two-Step Formula for Real Estate Investing (2024)

    FAQs

    What is the Robert Kiyosaki method of real estate? ›

    The BRRRR method was created by Robert Kiyosaki in his book “Rich Dad Poor Dad” and is used by many real estate investors today. The BRRRR method is an acronym that stands for Buy, Rehab, Rent, Refinance and Repeat.

    What is the formula for real estate investing? ›

    Value per gross rent multiplier measures and compares a property's potential valuation. It is determined by taking the price of the property and dividing it by its gross income, or Gross Rent Multiplier = Property Price or Value / Gross Rental Income.

    What is the Rich Dad Poor Dad method? ›

    It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ).

    What is Rule #1 in Rich Dad Poor Dad? ›

    Rule 1: The poor work for money. The rich put their money to work. Do you 'live to work, or work to live? ' This is one of the basic concepts 'Rich Dad, Poor Dad' sheds light on.

    What is the formula for cash flow in real estate? ›

    Net cash flow in real estate is calculated by subtracting the income that your property accrues from your total expenses. Investing in capital expenses that improve your building's operations is an important part of building cash flow at your property.

    What are the 6 basic rules of investing Robert Kiyosaki? ›

    FINANCE AND INVESTMENTS
    • The Six(6) Basic Rules for Investing-Robert Kiyosaki. ...
    • Rule #1: Know what kind of income you're investing for: ...
    • Rule #2: Convert ordinary income into passive income: ...
    • Rule #3: The investor is the asset or the liability: ...
    • Rule #4: Be prepared: ...
    • Rule #5: Good deals attract money:

    What is Robert Kiyosaki's strategy? ›

    Kiyosaki's recommended asset allocation model, often referred to as his "prophetic portfolio," suggests allocating 75% of one's investment capital to a combination of gold, silver, and Bitcoin, while allocating the remaining 25% to real estate and other income-generating assets like oil stocks or businesses.

    What is real estate quotes from Robert Kiyosaki? ›

    Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.

    What does Rich Dad Poor Dad say about investing? ›

    Poor dad said he couldn't invest because he had no money. Rich dad said “invest your time when you have no money.” In most circ*mstances, people have no time to invest.

    Why Rich Dad, poor dad is a bad book? ›

    Kiyosaki also has a bad habit of downplaying the value of academic education and traditional learning. He seems to believe people who follow the general wisdom end up like his poor dad: highly educated but ineffective and stressed about their money. Rich people learn only by doing or from living life.

    What is the best asset to buy Rich Dad? ›

    While most Americans pour their investment money into stocks and bonds, Kiyosaki says they overlook the one asset that everyone can afford and that offers the best financial protection going forward. For Kiyosaki, that asset is silver.

    What is the 90 10 rule rich dad? ›

    Kiyosaki's 90/10 rule says this: 90% of people earn only 10% of the world's money.

    Is Rich Dad Poor Dad good for beginner? ›

    Rich Dad Poor Dad is a good book for beginners. It introduces a lot of concepts, views and rules that most people have never encountered before. And packages this into a story which makes it easy to understand.

    What is the rule 3 for Rich Dad Poor Dad? ›

    Rule No. 3: Be Aware of Tax Liabilities and Focus More on Passive Income. Portfolio income, also known as capital gains, is one of the key conventional avenues for building wealth, but profits from these kinds of investments are taxable. This comes into play when you sell an asset for more than you bought it.

    How to tell if a property will cash flow? ›

    The cash flow analysis should tell you whether your investment has cash flow. If you have money left over after calculating the gross revenue less all debt service payments and property expenses, then you have a cash-flow-positive real estate investment.

    How to generate cash flow in real estate? ›

    16 Ways To Create Cash Flow In Real Estate
    1. 1) Buy positive cash flow rentals. ...
    2. 2) Flip properties. ...
    3. 3) Charge a finder's fee on JV deals. ...
    4. 4) Offer a mortgage. ...
    5. 5) Become a mortgage agent. ...
    6. 6) Find deals for investors (aka Bird-Dogging) ...
    7. 7) Assigning deals to investors. ...
    8. 8) Become a licensed realtor.

    What is a good cash flow for real estate? ›

    A common benchmark used by real estate investors is to aim for a cash flow of at least 10% of the property's purchase price per year. For example, if a property is purchased for $200,000, the annual cash flow should be at least $20,000 ($1,667 per month).

    How to invest like Robert Kiyosaki? ›

    Here are Kiyosaki's six suggestions for how to find money to invest in real estate.
    1. Family and Friends. Raising investment money from family and friends is both the most accessible and the most dangerous way to go. ...
    2. Seller Financing. ...
    3. Cash Flow Financing. ...
    4. Lender Financing. ...
    5. Assumable Loans. ...
    6. Outside Investors. ...
    7. The Bottom Line.
    Jan 24, 2024

    What is Robert Kiyosaki invested in? ›

    Robert Kiyosaki, known for his investing advice and his “Rich Dad Poor Dad” series of personal finance books, has taken to social media again to alert investors about what he thinks they should be doing: investing in gold, silver and bitcoin.

    What is the 72 rule in wealth management? ›

    The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return. If, for example, your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double. In this case, 18 years.

    How many real estates does Robert Kiyosaki have? ›

    Akshat Shrivastava on LinkedIn: Robert Kiyosaki owns 15,000 houses.

    Does the BRRRR method work in 2024? ›

    Yes, the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) can still be an effective real estate investment strategy in 2024, as its core principles remain sound. However, like any investment strategy, its effectiveness can vary based on market conditions, location, and individual circ*mstances.

    Why is a house not an asset Robert Kiyosaki? ›

    Instead of putting money in your pocket, it takes money out of your pocket in the form of a mortgage, utility payments, taxes, maintenance, and more,” said Kiyosaki on his Rich Dad Poor Dad blog. “That is the simple definition of a liability.” When looking at technical definitions, an asset puts money in your pocket.

    What is the BRRRR method with no money? ›

    The BRRRR method with no money goes through 5 step-by-step processes. In line with its name, BRRRR is an acronym for Buy, Rehab, Rent, Refinance, and Repeat. Each step should be executed smartly to be profitable and then repeated within the next cycle.

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