February 4, 2007
Robert Kiyosaki and Casey Serin
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/
You know, it is amazing how someone with no money down could purchase 8 homes in a short period of time, when others with excellent credit and money down, can have a hard time obtaining 1 loan for 1 home. This is a major concern to me. What do you think?