One consequence is that book stores are becoming mere advertising media.
Want your numberīook stores have become unprofitable for many authors in recent years because of widespread discounting and consolidation among book sellers. A laymen reading his book would come away with the impression that real-estate investment is far easier and less risky than it is. Apparently, news of the Enron bankruptcy has not yet reached New Zealandnot to mention a million other stories about guys like Charles Ponzi, Al Capone, Charles Keating, Marc Rich, etc.ĭe Roos misleads mainly by omission and implication. In the preface, de Roos says that he found, almost without exception, the rich had integrity. First Ive never heard of that phenomenon. My initial reaction to hearing about de Roos was that anyone who would associate himself with a liar should not be trusted himself. He constantly spouts facts that are merely conventional wisdom and, after cautioning against comparing apples and oranges, proceeds to do just that repeatedly. in electrical engineering, but manages to sound like a college dropout from a non-selective liberal arts program. The sort of laymen he targets are likely to think rent means rent, not the amount left over after you pay your operating expenses.ĭe Roos has a Ph.D. The most egregious example, which is extremely misleading, is his use of the word rent when he means net operating income. He uses the word property to mean real estate, gearing for leverage, requisition for eminent domain, etc. No one bothered to translate the book into American even though the U.S. Your rental properties generally should be in one U.S. I suspect the real reason de Roos is saying to invest in multiple countries is to make himself sound like a jet setting international tycoon. About the only real-estate investors who should be in multiple countries are owners of hotel chains and theme parks like Disneyland. developers have decided to conquer the world by doing their thing outside the U.S. I know of a couple of real-estate investors who have a vacation home or two in foreign countries, but no one who owns rental properties in multiple countries. Also, owning in different countries does not protect you from multi-national risks like higher interest rates or worldwide recession or depression. But most other countries are so socialistic that you would lose far more than you would gain. You would get some diversification against certain nationwide risks like adverse changes in the income tax code. I mentioned this advice to one of my friends who is a multi-millionaire real-estate investor and he asked, What would be the point of investing in different countries?
Dolf de roos mortgage magic how to#
You would have to learn the real estate portions of the federal income tax code of each country, numerous real-estate laws and customs and, worst of all, how to value properties in each country.
He advocates investing in real estate in multiple foreign countries, although he gives no reason for doing so other than his contention that it is easy. real-estate gurus is that he is from New Zealand and lived in various countries. One unique thing about de Roos among U.S. Roughly speaking, the message of the book is that you can get rich quickly and easily in real estate with little riskwith advice from de Roos and Kiyosaki. Its not a how-to book, its an advertising brochure that costs $17.95. Thats pretty amazing considering the importance of Kiyosaki to de Rooss success selling books. On 2/25/04, I received an email saying De Roos was no longer associated with Kiyosaki. The book is in the Rich Dad Advisor series, has a foreword by Kiyosaki, and a cover with the Rich Dad purple-and-black color scheme. de Roos associated himself with best-selling Rich Dad Poor Dad author Robert Kiyosaki.
Discover the differences between commercial and residential real estate, and why commercial should be the next step for you.Real Estate Riches, a book by Dolf de Roos, is on the business best-seller list because Mr. If you are investing in residential property, or have started to invest in commercial property and want to take your investing to the next level, this course is for you. Description Dolf De Roos – Commercial Real Estate Courseĭolf presents his acclaimed commercial real estate seminar designed to show you the ins and outs of investing in commercial real estate.
0 kommentar(er)
