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Updated over 4 years ago,

User Stats

97
Posts
65
Votes
Mashika Johnson
  • New to Real Estate
  • Columbia, SC
65
Votes |
97
Posts

Rich Dad Poor Dad...the Assignment

Mashika Johnson
  • New to Real Estate
  • Columbia, SC
Posted

For those of you who read Rich Dad Poor Dad, you know about the 3 day real estate class that Robert Kiyosaki took. His instructor gave the students an assignment to find 100 properties in 90 days and do a one page report on each one. In "Why The Rich Get Richer," he goes into more detail about what was included in the report. If they found a possible deal they had to physically inspect it, analyze it, and write the one page report on the pros and cons of the propert, possible income growth, forecast on debt, taxes, and phantom cash flow. Just out of curiosity I wanted to know if anyone actually ventured off and attempted or did the assignment. As I'm reading "Why The Rich Get Richer" it has me thinking that it wouldn't be such a bad idea because you're increasing your knowledge on how to find good deals, and instead of just picking anything you can cherry pick by forcing yourself to have more patience while competing the assignment. Has anyone done it? Let me hear your thoughts.

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