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Updated over 16 years ago,
RichDadPoorDad???
Hello,
My name is William and I am an avid reader of the Rich Dad books. I am excited about the real estate investment world and I am a new investor. I have read several of the Rich Dad books and in almost every book Mr. Kiyosaki refers to using other peoples' money. He talks about using OPM but does not explain HOW to get that money. He states that he recently bought a $17M 300-unit apartment building with only using $1 for every $4 that the bank used, and said that he did not have to pay the bank their loan back. How is that? What did he have to do to get that? There was no explanation for how he was able to achieve that. I am not criticizing Mr. Kiyosaki, I am just trying to understand the process so I can approach the bank and get a loan like that with confidence!!
If anyone knows information about this, please reply, PM me or send me an email mikrosoft077 @ yahoo . com .
I would appreciate a response. Thank you for your time.
William