Starting Real Estate

Casey Serin of iamfacingforeclosure.com appears with Robert Kiyosaki (richdad.com) and tells his story of flipping houses, leverage, and debt. This guy bought eight houses in eight months, with no money down. While it didn’t end well yet, I have to say, this guy’s got guts… and an very interesting blog to go with it. In the clip Kiyosaki mentions Buckminster Fuller. He’s the one who said, “Mistakes are only sins when not admitted.” His name is the newest addition to my reading list (books I want to read.. not people reading my writings). I have a feeling that Casey’s book, when published, is going to bring in more income, and passive income, than all those houses could have, even if flipped without any problems.

Here’s the link to the video: iamfacingforeclosure.com/116/mistakes-are-only-sins-when-not-admitted-robert-kiyosaki/

Citibank has had some amazing offers lately. I wish they had some kind of affiliate program, because I’d hop over a fence to join it, but here’s the deal. I got a Citibank Divident card, which gives me five percent back on gas and groceries and gave me 0 percent for almost my entire first year. Plus it doesn’t pay silly reward points, I ordered a check and got it within a few days without any problems. Raising the credit line is super simple too, just make payments on time, and every few months you can automatically raise the credit line online. No applications and no inquiries, just one click. If for some reason it’s not there, quick service on the phone explains why. I have no complaints at all.

Now Citibank has a new e-savings account which pays 5 percent with no hidden fees. That’s more than most banks’ CD’s. I just got the account so I have yet to fully review it, but at five percent almost everyone I know who hears about it and has money losing value in a no pay savings account is happy to transfer. Of course there are securities that pay a lot more, but for a completely liquid and safe savings account five percent is a wonderful deal.

Very interesting, useful, and free international real estate website: globalhideaway.com.

Jaime Mills set up this site about a year ago, and now they have over 36,000 listings in over 90 countries. The site lets people/companies advertise their sales or rental properties for free (browsing is free too).

They have some really nice property listings for Krung Thep.

Turns out Robert Kiyosaki has been writing for Yahoo Finance for quite a while. While it’s not just real estate investing, his columns are powerful, to the point, and definitely worth reading.

finance.yahoo.com/columnist/archives/headline/richricher/2006/1