The other big advantage to real estate, de Roos contends, is that unlike stocks you don't have to sell to cash in your profit. "That's because people sell below market value every day of the week."Īmong the situations that often produce a below-market sale are transactions that result from divorce or bequeathals, or where sellers are plain just too cheap to order an appraisal or hire a real-estate agent to give than a comparative market analysis. As de Roos points out, with $100,000 in cash you can own about $1 million worth of house.Īnd "the moment you buy the $1 million property, what it is worth is open to debate," de Roos said. The leverage in real estate: You can buy a property with only 20 percent down or less, a much better deal than any stock margin account will give you. But when you buy real estate, there are 101 things you can do to make it more valuable." Those things include the usual suspects, such as painting, landscaping and making minor repairs. "And when you buy stocks, there is nothing you can do to push up their value. "It's a thousand times better than stocks - people forget about the leverage you can use with real estate. So many people don't realize how good an investment real estate is," de Roos said. "It's not a how-to book it's more a why-to. The second part discusses ways to find, finance and fix up properties for maximum profit. The first part talks about why real estate is such a good investment, especially why it's better than the stock market. There's nothing Earth-shattering in the book.
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I said to myself, 'Real estate is the gig.' I've never had a job otherwise," he said.ĭe Roos has been in the spotlight of late as author of "Real Estate Riches: How to Become Rich Using Your Banker's Money." The Warner Books publication is part of the popular "Rich Dad's Advisors" series that has placed several titles on the list of top business books. "By the time I got my Ph.D., I already had quite a portfolio.