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. Property Ventures is now gaining momentum as an innovative property investment company, with holdings ranging from high-rise apartment buildings to high-end vineyards.People who are familiar with Dolf know him as being passionate about the psychology of wealth in general, real estate in particular, and more than willing to share the fruits of his ongoing quest for knowledge."By the time I got my Ph.D., I already had quite a portfolio. In the late 1990s Dolf launched a public company, "Property Ventures Limited" of which he is the chairman. Consequently, his views on property are esteemed, and he is often asked to address investors' conferences, appear on radio shows, and take part in television debates.
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He has run public seminars throughout Australia, New Zealand, Asia, North America, and Europe, trained real estate agents, written and published five best-selling property books including New York Times Best Seller, Real Estate Riches, as well as introduced software to both analyze and manage investment property. This finding marked a shift in Dolf's focal point.Īlthough he continued on to earn a PhD in Engineering, Dolf began investing in property as an undergraduate student.Over the years, as his successes with property became apparent, Dolf was cajoled into sharing the "why" and "how" of his real estate investment strategies. Dolf did note one common denominator almost without exception, the rich either made their money through property, or held their wealth in property. Surprisingly, it did not even matter whether or not they were born into rich families. Attributes they did not share were age, gender, race, creed, country of origin or education. A subsequent nine-month study of the rich followed to determine what qualities they had in common. While studying Electrical Engineering at the University of Canterbury, Dolf realized electrical engineering, though inherently interesting, was not necessarily lucrative. Today, speaking six languages and holding business interests in a number of regions, he considers himself a citizen of the world. This early introduction to travel no doubt contributed to his present propensity to move around. Michael Wickett, Ed Bernd Jr., Jose Luis Romero and JoNell Monaco Lytle (1)Īlthough born in New Zealand, Dolf de Roos started kindergarten in Europe, and went on to attend school in a variety of countries.Terri Lonier, Gail Blanke, William Bridges, Guy Kawasaki, Daniel H.Marianne Williamson and Deepak Chopra (1).Laura Silva, Gerald Seavey and Marilou Seavey (1).Kenneth Wapnick, Ph.D, and The Foundation for A Course in Miracles (1).Jim Loehr, Nick Hall, and Jack Groppel (1).Jack Canfield and Mark Victor Hansen (1).Dennis Higgins and John La Tourrette, Ph.D.Colin Rose, Jayne Nicholl and Malcolm Nicholl (1).Brian Tracy, Jay Abraham, The Sandler Sales Institute and Earl Nightingale (1).James Kennedy, Stuart Briscoe, Os Guinness, Ravi Zacharias, narrated by Dick Staub (1) Bill Hybels, Haddon Robinson, Luis Palau, D.