Dien -

> But what if you don't have enough money for
> the down payment on a piece of property, or
> what if you can't get a loan? You can also
> get started in property with REITs.... Real
> Estate Investment Trusts (known as
> "Property Trusts" in Australia).
> This is what another friend of mine did. (I
> don't think Robert Kiyosaki mentions this
> angle....)

I'm not against REITs but they ran into some real trouble in this country. I think it was back in the 80s. The problem was, if I remember correctly, there were a lot of scams, inflated values, etc. I think the SEC revamped the way REITs operated. I think they're much more stable now.

One way you can finance investments in real estate without much capital outlay is through tax lien certificates. (Not all states sell tax liens. Some states are tax deed states. Also, I'm not sure how this works outside the US.) These instruments allow you to get in for as little money as you want. And there are ways you can get pretty good returns on the money. This is something I've been looking into pretty seriously for the last few months. I'll keep you posted on how things work out.

> Anyhow, I'm a big fan of Robert Kiyosaki's
> books.... His goal is to try to get you to
> change the way you think. :)

Well, the 3rd book in the series has made me give some serious thought to a few things.

Rick Smith, "The Net Guerrilla"


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