Tuesday, January 25, 2005 - 09:08
I don't know where to start here, I too was interested in Real Estate, just saying "I'm in real estate" sounds pretty classy doesn't it?
Long story short, my money mgmt habits are a bit better than most, graduated college with 2 degrees & no debt (largely through scholarships, but it's amazing how people with scholarships will still rack up as much credit card debt and student loans as the banks will give them) and bought a house a month ago, less than a yr after graduating.
Had a credit FICO score of just at 700 from paying off a credit card in full on time for 6 yrs so I got a 5.5% FIXED APR on both the primary & second mortgage (no money down requires a 2nd mortgage at both a higher interest and a VARIABLE rate like a credit card). BTW, no money down still means you pay at least $1,500 in closing costs.
Okay, to answer your question, I don't jump into stuff before I've read and one of the best online authors I've read is John T. Reed, read his BS Detection Checklist before buying another "Anyone can make instant millions in Real Estate book" so you buy good books
Now for your author, there's a guru-rating page for about 150 real-estate gurus http://www.johntreed.com/Reedgururating.html
click on your author, Robert Kiyosaki, here's his short review:
"I was told I would like this guy. His book was #1 on the Business Week best seller list. Eager to find another guy to recommend, I bought his book Rich Dad, Poor Dad in a bookstore and read it. This is one of the all-time worst financial books ever written ! I was so disturbed by it that I wrote an extensive review of it."
and here's that extensive review of Robert Kiyosaki, it's long:
In closing, I am not a real estate agent, broker, lawyer, whatever, just someone who reads and consults with professionals. Buying a home is a good step, but before deciding when, where, how to buy and who to consult, yr finances, taxes, etc, check out this site -- betting my lunch money noone will find a more comprehensive site on the internet
Oh, and heres my house, 3 bed 2 bath brick & all hardwood floors, very shitty website, dont have time to fix -- U all have to tell me what a real-estate guru I am for snagging this http://www.geocities.com/night_raven40404/.
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