Real Estate Investor Magazine South Africa Real Estate Investor Magazine - August 2017 | Page 60
INVESTOR INTELLIGENCE
Run your Real Investments
Like a Business
Professional investing
the only way to go
BY NEALE PETERSEN
L
ast month I interviewed Robert Kiyosaki, author
of the no.1 personal finance book of all time
‘Rich Dad Poor Dad’ for the fifth time. Each
time I do, he shares some new information ‒ nuggets of
real-time wisdom that every investor can use.
One of the things he told me was that the most
important thing for real estate investors to advance
to be successful is to be more professional. While
this statement is vague on its own, he immediately
elaborated on what he meant. Real estate is one of his
favourite asset classes, mainly because of the ability to
leverage finance and minimize taxes no matter where
you are in the world. What you’ll find here is some of
the ideas he shared, as well as some highlights from
our discussion with reference to his books on real estate
(specifically The Real book of Real Estate).
Real estate investing is a business and should be
run like a business. Many people fall into the trap of
thinking that it is like buying a house and therefore only
about lifestyle. When buying cash flowing properties
that are going to give you long-term financial freedom,
they need to be run on the correct business principles.
Here are some of the key principles and steps to
consider when you have acquired your property.
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AUGUST 2017 SA Real Estate Investor
www.reimag.co.za