Real Estate Investment Advice

Paper Summary:

This paper presents a review of the real estate investment advice book, "The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Advisors Miss", by Ken McElroy. The paper explains that the book is part of the famous "Rich Dad, Poor Dad" business book series by investment guru and advisor Robert T. Kiyosaki and that the introduction to the book is, in fact, written by Kiyosaki. The paper further explains that Kiyosaki frames the investment advice that Ken McElroy provides in the book and that the book is a worthwhile and motivating read for any investors in real estate.

From the Paper:

"According to the book The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Advisors Miss, it is a myth that some investors seem to have the so-called Midas touch of investing, while others do not. (9) Rather than attempting to intimidate with impressive-looking ledgers of facts and figures, ordinary investors are encouraged to read this book for concrete suggestions of how they can enter the real estate market, how they invest wisely and charge the appropriate rents for their area so they can recoup on their investment, as well as glean some general personal and motivational strategies. True, in "every business and every industry there are people who just seem to drip with success," states the introduction (1) But this book provides the reader with the practical steps to emulate such people, people who seem to have the uncanny ability to know the right properties to invest in, and thus have the power to become their own bosses, and live as they chose to live."

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