Comments for Real Estate Investing TipsReal Estate Investing Tips http://reitips.com Real Estate Investing, Undressed: Tips, ideas and news real estate investors can use. Thu, 11 Mar 2010 20:36:05 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on Who’s Getting Rich Off Rich Dad? by Ross Treakle http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147768 Ross Treakle Thu, 11 Mar 2010 20:36:05 +0000 http://reitips.com/?p=2232#comment-147768 What is sad is that the RWI is still in business and still practicing these techniques. I spoke with a "guru" a few years ago who had been a speaker for the RWI until the first time they used the "raise your credit limit" pitch. He said that after seeing what was done, he walked away and never returned to their platform. <br><br>It is a shame that RK is associated with the RWI. I think that he may be changing his seminar company after realizing how they do business. Many investors have RK to thank for their success. It was the very first investment book I was given years ago and it is one of those that I re-read about every 6-9 months. What is sad is that the RWI is still in business and still practicing these techniques. I spoke with a “guru” a few years ago who had been a speaker for the RWI until the first time they used the “raise your credit limit” pitch. He said that after seeing what was done, he walked away and never returned to their platform.

It is a shame that RK is associated with the RWI. I think that he may be changing his seminar company after realizing how they do business. Many investors have RK to thank for their success. It was the very first investment book I was given years ago and it is one of those that I re-read about every 6-9 months.

]]> Comment on The Art of Dispossessing Deadbeats: “Cash for Keys” Unraveled by scri8e http://reitips.com/cash-for-keys-agreement/comment-page-1/#comment-147765 scri8e Thu, 11 Mar 2010 04:45:48 +0000 http://reitips.com/?p=2138#comment-147765 Thanks for the 2 forms. How do you handle the security deposit? I would imagine that you carry on as usual.<br><br>Do the security deposit accounting and send it to their forwarding address or to their old address that is your rental. You do not deduct for the past rent owed then? Or do you? =shrug=.<br>Also is the amount of $500 standard. If you offer less does it not usually work? In CA a flat fee eviction lawyer is $595 usually. I can garnish wages. It would depend if the tenant is collectible IMO if this method would work out the best for me. Thanks for the 2 forms. How do you handle the security deposit? I would imagine that you carry on as usual.

Do the security deposit accounting and send it to their forwarding address or to their old address that is your rental. You do not deduct for the past rent owed then? Or do you? =shrug=.
Also is the amount of $500 standard. If you offer less does it not usually work? In CA a flat fee eviction lawyer is $595 usually. I can garnish wages. It would depend if the tenant is collectible IMO if this method would work out the best for me.

]]> Comment on Who’s Getting Rich Off Rich Dad? by gregstoner http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147764 gregstoner Thu, 11 Mar 2010 00:40:55 +0000 http://reitips.com/?p=2232#comment-147764 Amen to that Vegaslady. There is no "done for you" system out there. They all take work. And anybody that expects that, and complains when they don't get that is probably not cut out for real estate investing, or any other entrepeneurial venture. A good course will give you the foundation from which to begin. But you and only you have to fill in the gaps, and put in the time and effort to make it work. If it was easy, everybody would be doing it and would be successful. Many try, many quickly give up. My motto is just to be willing to fail enough times until you get it right. Amen to that Vegaslady. There is no “done for you” system out there. They all take work. And anybody that expects that, and complains when they don't get that is probably not cut out for real estate investing, or any other entrepeneurial venture. A good course will give you the foundation from which to begin. But you and only you have to fill in the gaps, and put in the time and effort to make it work. If it was easy, everybody would be doing it and would be successful. Many try, many quickly give up. My motto is just to be willing to fail enough times until you get it right.

]]> Comment on Who’s Getting Rich Off Rich Dad? by vegaslady http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147763 vegaslady Thu, 11 Mar 2010 00:19:26 +0000 http://reitips.com/?p=2232#comment-147763 Don't ever go into anything expecting to get rich quick. Everything takes work. And realize all of us are interested in making money: this is their business. Lastly, no one ccan make you do something you don't want to do unless you allow them to without taking responsibility to check them out. I spent money on another proven RE training and the success I've had is a direct reflection on my decision to apply (or not) the information I have been given for my money. EYES WIDE OPEN! Don't ever go into anything expecting to get rich quick. Everything takes work. And realize all of us are interested in making money: this is their business. Lastly, no one ccan make you do something you don't want to do unless you allow them to without taking responsibility to check them out. I spent money on another proven RE training and the success I've had is a direct reflection on my decision to apply (or not) the information I have been given for my money. EYES WIDE OPEN!

]]> Comment on Who’s Getting Rich Off Rich Dad? by gregstoner http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147761 gregstoner Wed, 10 Mar 2010 20:32:06 +0000 http://reitips.com/?p=2232#comment-147761 JP I agree with your take on John Reed. John has some great stuff and I own most of his books. But he thinks that virtually everyone else is a crook, and I don't agree. John is a brilliant man, if you don't believe me, just ask him. ;-) But he isn't the only game in town. You have to be able read past his opinions and get to the meat, of which there is lots. John has a lot of great information and I endorse his books. And I certainly find his Guru ratings entertaining. But when all is said and done, I form my own opinion based on my own experiences. JP I agree with your take on John Reed. John has some great stuff and I own most of his books. But he thinks that virtually everyone else is a crook, and I don't agree. John is a brilliant man, if you don't believe me, just ask him. ;-) But he isn't the only game in town. You have to be able read past his opinions and get to the meat, of which there is lots. John has a lot of great information and I endorse his books. And I certainly find his Guru ratings entertaining. But when all is said and done, I form my own opinion based on my own experiences.

]]> Comment on Who’s Getting Rich Off Rich Dad? by Cashflowboy http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147760 Cashflowboy Wed, 10 Mar 2010 20:00:22 +0000 http://reitips.com/?p=2232#comment-147760 I don't believe Kiosake is at fault here. I have read his books and find his advice sound. I have done well following most of his teachings. The problem lies with the fact that his company has grown very large and any large company must be pruned and maintained regularly. <br>He sounds genuine in the post-interview. Once a problem is discovered it is not always that easy to fix. He says he is having problems with his partner. Partnerships can be very sticky to deal with from a legal standpoint. <br>The other side of that is that these type of TV programs exist to sell their 'product' which is dramatic sensational 'exposes'. They find one glitch and blow it way out of proportion to 'sell' their product. <br>I take this all with grain of salt.<br>I would still recommend the Rich Dad books. I don't believe Kiosake is at fault here. I have read his books and find his advice sound. I have done well following most of his teachings. The problem lies with the fact that his company has grown very large and any large company must be pruned and maintained regularly.
He sounds genuine in the post-interview. Once a problem is discovered it is not always that easy to fix. He says he is having problems with his partner. Partnerships can be very sticky to deal with from a legal standpoint.
The other side of that is that these type of TV programs exist to sell their 'product' which is dramatic sensational 'exposes'. They find one glitch and blow it way out of proportion to 'sell' their product.
I take this all with grain of salt.
I would still recommend the Rich Dad books.

]]> Comment on Who’s Getting Rich Off Rich Dad? by jp moses http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147759 jp moses Wed, 10 Mar 2010 19:57:08 +0000 http://reitips.com/?p=2232#comment-147759 Thanks for commenting, and for sharing your own experiences, Julie! As always, you my colleague in "keeping it real!" Thanks for commenting, and for sharing your own experiences, Julie! As always, you my colleague in “keeping it real!”

]]> Comment on Who’s Getting Rich Off Rich Dad? by jp moses http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147758 jp moses Wed, 10 Mar 2010 19:51:34 +0000 http://reitips.com/?p=2232#comment-147758 Thanks so much for your comments, Greg. I just wanted to add my $0.02 about John Reed since you brought him up. Reed has a longstanding history of casting every real estate expert except himself in a negative light. He does this with rare exception. <br><br>Reed has enjoyed the good fortune of having his website rank very well in the search engines due mostly to it's seasoned age (I first ran across his site back in 1999 I think)...So he tends to get visited at some point by about every new investor out there with an internet connection. And they all leave at first wondering if he's a lone voice of reason. <br><br>But for what it's worth, <b>I would NOT use Reed's perspectives as a litmus test for who's respectable and who isn't in the industry</b>. He may be spot on with Whitney/R.K., but he's also got a good number of GOOD folks on his naughty list -- people I know personally who have SOLID, WELL DONE training that I believe in and recommend. <br><br>Bottom line: Many people at first believe Reed might be a lone voice of reason, crying out in the wilderness, to save a few lost souls from the big, bad real estate guys...but in the end it's all self serving and extremely unreliable. On the up side, I've only ever heard good things about Reed's books he sells on his site. If you can get past the ego, he's probably got some good stuff in there.<br><br>Again, just my two cents. Thanks again for commenting! :-)<br><br>...jp Thanks so much for your comments, Greg. I just wanted to add my $0.02 about John Reed since you brought him up. Reed has a longstanding history of casting every real estate expert except himself in a negative light. He does this with rare exception.

Reed has enjoyed the good fortune of having his website rank very well in the search engines due mostly to it's seasoned age (I first ran across his site back in 1999 I think)…So he tends to get visited at some point by about every new investor out there with an internet connection. And they all leave at first wondering if he's a lone voice of reason.

But for what it's worth, I would NOT use Reed's perspectives as a litmus test for who's respectable and who isn't in the industry. He may be spot on with Whitney/R.K., but he's also got a good number of GOOD folks on his naughty list — people I know personally who have SOLID, WELL DONE training that I believe in and recommend.

Bottom line: Many people at first believe Reed might be a lone voice of reason, crying out in the wilderness, to save a few lost souls from the big, bad real estate guys…but in the end it's all self serving and extremely unreliable. On the up side, I've only ever heard good things about Reed's books he sells on his site. If you can get past the ego, he's probably got some good stuff in there.

Again, just my two cents. Thanks again for commenting! :-)

…jp

]]> Comment on Who’s Getting Rich Off Rich Dad? by vetbuyshomes http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147757 vetbuyshomes Wed, 10 Mar 2010 18:40:46 +0000 http://reitips.com/?p=2232#comment-147757 I echo the thoughts on what most everyone said here so far. The book Rich Dad Poor Dad was an eye opener for me when I first got into investing and I'm sorry to hear that RK's name is mixed up with this. He most certainly needs to take responsibility. I echo the thoughts on what most everyone said here so far. The book Rich Dad Poor Dad was an eye opener for me when I first got into investing and I'm sorry to hear that RK's name is mixed up with this. He most certainly needs to take responsibility.

]]> Comment on Who’s Getting Rich Off Rich Dad? by Been there http://reitips.com/rich-dad-exposed/comment-page-1/#comment-147756 Been there Wed, 10 Mar 2010 17:02:01 +0000 http://reitips.com/?p=2232#comment-147756 If you really believe that Robert Kiyosaki didn't know what was going on in the seminars and that he couldn't do anything about the way his name/brand was being used, do you really think he's savvy enough to be giving advice? And if he knew and let it happen anyway, do you want to take his advice? If you really believe that Robert Kiyosaki didn't know what was going on in the seminars and that he couldn't do anything about the way his name/brand was being used, do you really think he's savvy enough to be giving advice? And if he knew and let it happen anyway, do you want to take his advice?

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