For rentals, that is a long-term investment and you would not be able to get the money out again in a short period of time (the fastest way may be the BRRR method).

If you're new to this, I highly recommend listening to as many podcasts as you can to learn about all the different methods people use to invest.  

I am methodical and patient so when I purchase, the deal is 100% worth it.

Currently trying to figure out ways and methods to continue to invest in RE with multiple vehicles (cash reserves, private money, SDIRA, etc) but I do not have an SDIRA set up right now.

BP has a book explaining all the methods...

@Ray Agosto you can also use the "piggy back" method.  

for those of you have have done or at least looked into both as a method for raising equity on your deals.... which do you prefer and why?

My question is..should he use the Robert kiyosaki method...take out a "good" loan... using Other peoples money or should he use all my 60k in my bank account and get the rest from hard money lenders?

This method would actually boost my cash on hand by going this route then.

All of the marketing methods that are taught (including cold calls) work, but its a numbers game and you have to do a lot of work to get that ball rolling initially.