Review of Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals by Ken McElroy

This book is a sequel to ‘The Advanced Guide to Real Estate Investing’ and it goes a step further in detailing the best practices in buying, selling or renting large apartments and commercial properties.  If you have interest in investing in real estate, you may have had difficulty finding information materials that cover the mainstream financial media yet everyone touts mutual funds, bonds and stocks as the safest investment options.  Ken McElroy targets intermediate and advanced real estate investor in this guide as he bares all from his real estate experience and teaches the reader how to use the lack of coverage of the real estate industry to your advantage. Being a real estate guru himself, Ken McElroy has the experience and the knowledge you will need to get started in real estate or to make your dreams happen as you grow your investment.  The book ‘Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals’ is the perfect guide for how to think, act and operate like a real estate mogul, how to identify, access and close expert deal in the real estate market, how to surround yourself with a helpful team and how to avoid earning then having to pay it all in taxes through proper structured property sales.
If you are looking to the really important and straight answers to projections of the future of real estate and which type of real estate market to venture into, this may be the perfect book for you to read now.  One of the best lessons that many entrepreneurs learn from this book is the importance of working in a team rather than working alone, especially in a fluid and volatile field like real estate and the section that dispels the many myths about investing in multifamily units.  Ken says that a good investor is one that starts small and learns where their Midas touch is. This may not be an ‘all, end all’ book for real estate investment but it does explain a number of important elements that most books overlook or do not go deep enough, but in a simple and easy to digest way.  Unlike most guides that could attempt to guide you on how to think and what to do, Ken focuses on showing you how to approach real-life investment decisions such as finding the ideal real estate that promises future profits, how to make working fun and understanding property and how to establish and negotiate for the elusive ‘right price’. This book is a great sequel that you should read, even if you have not read its predecessor.  The author has written a number of other lovely books on real estate investment and each, I promise will be worth reading more than once.  It is an overall good book that cuts straight to the chase, goes in depth on issues that matter and is definitely worth a read.

A great presentation by the author, Robert Kiyosaki