How many Properties do you look at before Buying?

[Hermilo Garcia]

Hello everyone,

I am new to real estate investing, and have been reading some of Robert Kiyosaki's books on investing.

For real estate, he says he follows the 100 to 10 to 3 to 1 method. He looks at 100 properties, makes offers on 10 of them, gets 3 of them accepted, and purchases 1 property.

What do you guys think about the system he uses? How do you guys go about viewing and buying properties?

Best,

Hermilo

[Rob Beland]

Try to take what RK says with a grain of salt. That goes for any of the so-called "gurus". In my market there aren't 100 properties to look at. I look at enough to give me an idea of whats out there and I have my investment criteria. When I find a deal that works I make an offer. That could mean looking at two properties and putting an offer on one. I may look at one property and make an offer. Who wants to look at 100 properties just to settle on one? I personally dont have that kind of time.