The Real Book of Real Estate: Real Experts. Real Stories. Real Life.

by Robert T. Kiyosaki

In a world where too many financial advisors do not follow their own advice, here is a book written by experts who practice what they teach and who will teach you to thrive, not merely survive, during turbulent economic times. This is the real deal…The Real Book of Real Estate. The only thing better than one real estate expert teaching you how to invest and win is 20 real estate experts with that same mission. For the first time ever, Robert Kiyosaki, bestselling author of Rich Dad Poor Dad, has assembled in one book an unrivaled cast of real estate wizards and trusted advisors with one purpose in to share their knowledge and teach you to win in real estate. This is the ultimate real estate book you will come back to again and again. Read it cover to cover, or use it as a guide to help when you need it most. The Real Book of Real Estate will be your #1 source as you determine the real estate niche that is perfect for you and as you navigate the ups and downs of the real estate market and become the expert you know you can be. Whether you're a seasoned investor or buying your first property, this is the one book you can and will read over and over. Robert's team of real experts shows you how value a property, lease a property and keep it leased, get financing, title and protect entities, find hidden investment opportunities, minimize taxes, and establish your own team of advisors. PLEASE When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

Genres: Business, Finance, Nonfiction, Money, Self Help, Personal Finance, Buisness

245 pages, Paperback

Published May 12, 2009

About the author

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

Reviews

[Tao Lee · Rating 5 out of 5]

Highly recommend!

Note to myself: Never make any deals with anyone you do not trust. Don't make the mistake of putting your real estate rentals into an S corp. or C corp. Hire REAL ESTATE ATTORNEY, not just ATTORNEY. Make the deal - no matter how long it takes (at the meeting). Having a general contractor run the show is a good idea. You should never attempt to manage your own construction, no matter how well you think you can do it. If you are an investor, remain an investor. Ask, even if you think the answer is no. Homeowners will want to walk a few feet to their home, not a hundred or more (that may be a deal breaker). Master your universe by driving a different way at different times to work, and take in the world from a real estate perspective. You'll be surprised by what you see. Get to know your city officials and staff. Find out the projects that are underway that they are the most excited about. The more you talk with them, the more you'll come to know where the path of growth really is. You're investing for the future, so see the future as best you can. Look for the signs of a decline neighborhood, and don't be in denial about them. Unless you want to specialize in renewal projects, those signs matter. offshore strategies do not work for onshore real estate. Consult with a good, experience lawyer early and often. Your mantra should be this: Profit from problems. If a property isn't seeing, change a few settings and smell of the home (ambiance). Book smart is not the same as street smart. It's better to go out there and start buying. Choose what you want carefully, then go after getting it with a vengeance. NOI New Operating Income. Fear causes a lot of people to do nothing - Don't get stuck in analyzes paralysis. IRR Internal rate of return. Look for don't-wanters... When starting out, find properties that's less than an hour away. Every property comes with different problems and different lessons. If you can solve the problem of not having money, you will have more money for life - Henry Ford. If you do not have enough money for an investment, remind yourself that if you do not solve that problem, will will have money problems all your life. The reason there are more poor people than rich people is that it is easier to say, I can't afford it," rather than ask he question, "How can I afford it?" The moment you ask yourself the question, "How can I afford it?" Your most important asset, your mind, goes to work. if you use the excuse, "I can't afford it," your mind goes back to sleep. Take classes or read books before starting - your mind is your greatest asset. Invest in that first. Avoid taking advice from losers. Stay away from people who say that something cannot be done. Be aware of real estate sales people who give real estate investment advice who do not invest in real estate. Find mentors, people who have already gone to where you want to go. Look at a minimum of one hundred investments before buying anything - observe if neighborhoods are changing, going up or going down. Start small. Dream big - each property good or bad is a stepping stone to the dream. Remember, the world is filled with hard working poor people. There is no perfect investments. Each investment will challenge you. Each will teach you something new. Do not fix toilet if this is something that you don't want to do for a living. Specialize in things that you want to do and leave the things that you DO NOT want to do alone - for you are wasting your time and capability. You don't need to know how to fix toilets, accounting or real estate laws, but I know who do and I know how to get in contact with those people.

First impressions are everything and buying decision are made in the first fifteen seconds.
1. The front yard clean sweep and bring out a lot of colors.
2. The door give your door some color clean cobweb & first few stems inside the home are memorable.
3. Exterior and interior paint NEW PAINT
4. Flooring no stains, no worn carpet, no dirt allowed.
5. Healthy green plant they need to look healthy

Drive through the neighborhood and check out the environment
Ask Yourself:
What are the demographics of the area you are considering?
What is the salary level of the area?
Is there a college population looking for more off-campus housing, and is that the type of community to want to run?
Where are the major employment centers?
Are new businesses and employment being generated int eh areal?
What other communities are in the area that a prospective tenant will consider, and are they the same class as the community you are developing, that is, luxury, bye color, or subsidized housing?
What can I build, and how much rent can I charge?
Will I enjoy owning and managing the community?

Always try to do an arbitration and not a litigation.
RObert kiwasaki There are times where you can buy a property with no money down how this is done is that the persom who owns the home can gibe you 100% of the loan and he will hold the deed to the house and you will work on that home until it is all bought off. This way you can make payments on the home and the person can go off and on with their life.Finds ways to get word of mouth to work for you - free advertisement. Use social media and high frequency traveled sites to get viewers to see your products. Find ways to advertise better than your competitors.

[Carrie Elizabeth Rundhaug · Rating 5 out of 5]

This book is full of information and gives the reader an understanding of the process of investing in Real Estate. This is part of the Rich Dad, Poor Dad series, and Mr. Kiyosaki doesn't fail us. Kiyosaki brings together some of the brightest minds in their various fields. Each chapter is filled to the brim of information and is easily understandable. The most important point made throughout the entire book is how important it is to have a great team. I highly recommend this book.

[John Fletcher · Rating 3 out of 5]

Good overview. Kinda covers everything so it doesn't really cover anything very well. It's my first real estate book but I would recommend for a beginning reference book.

[Bill · Rating 4 out of 5]

Easily the best Kiyosaki book.

[Thomas · Rating 5 out of 5]

Aces! An amazing resource for real estate investing. Thank you to my little brother Sergio from Tucson, Arizona for gifting me this book and getting me the autographed copy.

[Kylie Young · Rating 4 out of 5]

Notes from this book which will be spoilers for others;
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Step 1: Think of Real Estate as an investment and a business.
Imagine where you would like your Real Estate investing to take you it may be a white sandy beach in the Caribbean unlimited time with your family financial freedom

Step 2: determine what it will take to realise these dreams in terms of wealth and cash flow and commit to a date for accomplishing this goal then write down what you currently have available in terms of investable assets less liabilities this is your current wealth

Step 3: cash flow target
work out the amount of wealth that you’ll need to create your desired cash flow. Multiply your desired cash flow by 20. For Robert he figured that he needed 20 million in order to create an after-tax cash flow of $1 million a year

Step 4: current wealth
List your assets that can be used in investing

Step 5: vision mission and values
Visualise the type of Real Estate you specialise in buying and the criteria you use for choosing your Real Estate investments.

Step 6: investment niche
This might be highly appreciating single family homes

Step 7: criteria

Write down what your minimum appreciation should be: 10%
your minimum rate of return: 50%
cash flow or cash on cash return: 0
price range: $200,000-600,000
maximum amount of investment/deal: $60,000
maximum time commitment: 1hr/mth
location of investment: south Australia
price as a percentage of value: 85%


Never make any deals with anyone you do not trust. Don't make the mistake of putting your real estate rentals into
an S corp. or C corp. Hire REAL ESTATE ATTORNEY, not just ATTORNEY. Make the
deal - no matter how long it takes (at the meeting). Having a general contractor run the show is a good idea. You should never attempt
to manage your own construction, no matter how well you think you can do it. If you are an investor, remain an investor. Ask, even if you
think the answer is no. Homeowners will want to walk a few feet to their home, not a hundred or more (that may be a deal breaker).
Master your universe by driving a different way at different times to work, and take in the world
from a real estate perspective. You'll be surprised by what you see. Get to know your city officials and staff. Find out the projects that
are underway that they are the most excited about. The more you talk with them, the more you'll come to know where the path of growth really is. You're investing for the future, so see the future as best you can. Look for the signs of a decline neighborhood, and don't be in denial about them. Unless you want to specialize in renewal projects, those signs matter. offshore strategies do not work for onshore real estate.
Consult with a good, experienced lawyer early and often.

Your mantra should be this: Profit from problems. If a property isn't seeing, change a few settings and smell of the home (ambiance).

Book smart is not the same as
street smart. It's better to go out there and start buying. Choose what you want carefully, then
go after getting it with a vengeance.

NOI Net Operating Income A.k.a. your capitalisation rate. Remember that this figure represents the value of the property not the cost of the property. It is net operating income divided by the value of your property. Operating expenses do not include your mortgage interest or principal payments or depreciation.

Return on investment: The ratio of money you receive from the property annually divided by the amount of money you put into the property. Some investors only calculate this when they purchase it and never again.

IRR Internal rate of return.

Make sure you deduct travel meals and entertainment from your Real Estate business instead of your personal pocket because guaranteed you and your spouse will be talking about Real Estate and business even when you go out to dinner together.

Document all of your Real Estate transactions and expenses properly. Keep receipts note who you’re with where you went what you discussed the date of the event and why are you incurred the expense.

Create a business plan
This is what banks want to see they are essentially;

An executive summary which explains the purpose of the project and gives a financial summary
Property overview which includes a description of the site unit mix floor plan site plan elevations and pictures of the site
Financial pro forma which includes development costs construction costs and projected operations income and expenses
Market overview which presents neighbourhood features city economics and the local apartment market
Develop a resume which highlights your credentials
Development team resumes which highlight the credentials of your architect engineers and property managers

Fear causes a lot of people to do nothing - Don't get stuck in analysis paralysis.

Look for don't-wanters... When starting out, find properties that's less than an hour away. Every
property comes with different problems and different lessons. If you can solve the problem
of not having money, you will have more money for life - Henry Ford.

If you do not have enough money for an investment, remind yourself that if you do not solve that problem, will will have money problems all your life. The reason there are more poor people than rich people is that it is easier to say, I can't afford it," rather than ask the question, "How can I afford it?" The moment you ask yourself the question, "How can I afford
it?" Your most important asset, your mind, goes to work. if you use the excuse, "I can't afford it,
your mind goes back to sleep.

Take classes or read books before starting - your mind is your
greatest asset. Invest in that first. Avoid taking advice from losers. Stay away from people who
say that something cannot be done. Be aware of real estate sales people who give real estate a bad name.
Don’t take investment advice from people who do not invest in real
estate. Find mentors, people who have already gone to where you want to go. Look at a minimum of one hundred investments before
buying anything - observe if neighborhoods are changing, going up or going down. Start small. Dream big - each property good or bad is a stepping stone to the dream. Remember, the
world is filled with hard working poor people. There is no perfect investments. Each investment will challenge you. Each will teach
you something new. Do not fix toilet if this is something that you don't want to do for a living. Specialise in things that you want to do and
leave the things that you DO NOT want to do alone - for you are wasting your time and capability. You don't need to know how to fix
toilets, accounting or real estate laws, but I know who do and I know how to get in contact with those people.
First impressions are everything and buying decision are made in the first fifteen seconds.
Consider the building last and look at the location and property on its own first.

When driving by use a drive guide for the building and the neighbourhood environment.
This might include overall upkeep a score of general condition of buildings quality condition of cars and area quality of the businesses in area traffic patterns area landscaping overall visual interest perceived prestige would you buy there and if so what product type on what street would you own what are the high in the low points throughout the day and what’s the future outlook of the area.

For the building itself in the area write down what the building is called and it’s address the location within the area curb appeal general condition of the home parking lighting access and entrance and exit tenets is a finding landscaping fits with in your needs and wants and what the high and low points were and the future outlook for the building in the next 5 to 10 years.

Never buy a property when there’s increased vacancy and new construction underway because guaranteed you will not get the price that you want. When you are still seeing new construction underway and occupancy rates increasing above the LT occupancy for your market recognise the signs that you are in phase 3 and this is known as hyper supply. And you will end up riding the wave to the bottom of the value pool. It’s best to wait for a recession to happen before buying this is where there’s increased vacancy and more homes being completed you will be able to pick up a bargain as long as you’re buying a bargain in a good area.

Do not invest with someone as a joint tenant because if they come into financial difficulty they can come after your ownership share as well.

Make sure Real Estate contracts reduce uncertainty and keep ambiguity to a minimum you should spell out precisely what you expect to happen in the Real Estate deal.


Buy buy the acre and sell by the foot
Example may help you see the potential of Real Estate in a new way. The purchase price of 10 acres is $50,000 per acre or $500,000 total with zoning for 10 houses. The final plan for 10 acres maybe 250 apartment units which may be worth $10,000 per unit or $250,000 per acre after rezoning approval. This equates to about $5.75 per square foot (43,560 ft.² multiplied by $5.74 equals $250,000 per acre)
Since the land was acquired for single family and changed to multifamily the underlying use created an increased value of five times original purchase.

What is you’ve identified a potential investment property it’s time to closely study the property for short term and long term opportunities.
Review rigourously using the following criteria;
1. Guiding investment principles
Leverage
Cash flow
Cash on cash return - The amount you receive from the property investment in a specified time period as a percentage of your initial investment in that property
Capitalisation rate - 7% or higher. It is the net operating income divided by the sale price
Gross rent multiplier - 9 or lower. Used as a measure to compare income properties within a particular area or neighbourhood. Calculate gross rent multiplier for three properties within a particular area. Calculate the gross rent multiplier for each property then compare the three. Select the property with the lowest gross rent multiplier. As the gross rent multiplier decreases cash flow increases.

2. A swot analysis
3. Trends
4. Demographics



1. The front yard clean sweep and bring out a lot of colors.
2. The door give your door some color clean cobweb & first few stems inside the home are
memorable.
3. Exterior and interior paint NEW PAINT
4. Flooring no stains, no worn carpet, no dirt
5. Healthy green plant they need to look healthy

Drive through the neighborhood and check out the environment

Ask Yourself: What are the demographics of the area you are
considering?
What is the salary level of the area?
Is there a college population looking for more off-campus housing, and is that the type of
community to want to run?
Where are the major employment centers?
Are new businesses and employment being generated in the area?
What other communities are in the area that a prospective tenant will consider, and are they the same class as the community you are
developing, that is, luxury, by color, or subsidized housing?
What can I build, and how much rent can I charge?
Will I enjoy owning and managing the community?
Always try to do an arbitration and not a litigation.

There are times where you can buy a property with no money down how this is done is that the persom who owns the home can give you 100% of the loan and he will hold the deed to the house and you will
work on that home until it is all bought off. This way you can make payments on the home and
the person can go off and on with their life.

Finds ways to get word of mouth to work for you - free advertisement. Use social media and high frequency traveled sites to get viewers to see your products. Find ways to advertise better than your competitors.

Look for properties that are charging substantially less in rent then the rest of the market is charging. This creates an opportunity for yourself as an investor to take advantage of this and increase rent.
It’s an opportunity because the value of a property is not based on the asset it self but rather on its financial performance.

Reduced vacancy is another important consideration. Your property manager should do the appropriate background checks to verify the potential residence income job history and rental history. They need to be rent ready within three days of the prior move out and staff need to be trained on reading the markets and reports and performing daily maintenance if needed.

People who do not fail also do not succeed. If you do nothing you learn nothing if you learn nothing you remain poor. So remember the only way you can fail is to fail to do something.

[Michael Lindler · Rating 3 out of 5]

This book is very general, but gives insight to many different types of real estate deals. Almost every contributor mentions the importance of building a great team and outsourcing most of the responsibility. While the stories were interesting and it was filled with lots of useful tidbits, the book is more of a motivational item than a manual for investing. In the final chapter Robert was subtly trying to sell his courses and other books of his.

Useful tidbits:
Stay local, and actively navigate the area to look for opportunities.
The property exterior makes the first impression, therefore good facades and landscaping often trump interior design.
Everything is negotiable -> never be a desperate seller or buyer, but try to find them for good deals
Every property should be cashflow positive from the beginning; buy and hold is gambling.
Leave a positive impression with each business contact; a good relationship is worth more than saving a few dollars

[CupCec · Rating 3 out of 5]

Good for overviews of the varying aspects of real estate. Not a great starter book. The last chapter (less than 10% of the whole book left a longer impact for me than most other chapters. Could see revisiting it after building a base knowledge being valuable.

[Allen · Rating 5 out of 5]

One of the most stellar financial books I had ever read . Next reading list would combine Robert Kiyosaki with Malaysian actual real estate scenario !! Changing the mindset of “I can’t afford it” into “How can I afford it”

[Jose Batista · Rating 1 out of 5]

Vanity Fair
This is not a book, it is merely a compilation of self-promotion articles of the author's buddies.

[Rick · Rating 3 out of 5]

Some chapters were good, some were hardly worth a scan. Overall ok as a survey book to identify areas I'd like to learn more about.

[Adam · Rating 4 out of 5]

If your thumbprints are on real estate get your fingerprints all over this book and take notes. Lots of gems that will provide insight and speak to you directly.

Pearls of Wisdom "Things my ear picked up on"

People who do not fail also don't succeed
Four green houses turn into a red hotel "Monopoly"
Look for don't wanters and the real estate they don't want
Who works harder you or your money?
I work hard at making money working hard for me
Her kindness is extraordinary
Is it cash flow or cash out?
Low need high power high need low power
A rental property is only as valuable as the residents
Don't bet all your cashflow on one strategy
When we maximize our reach we maximize our life
I'm looking for the opportunity to foreclose
Prepare to get very good at jumping hurdles calmly
Have the seller carry financing for you
PUMP UP THE CASH FLOW
I need to pull the rip cord on deals that aren't working
Find problem properties and solve the problems
Deferred maintenance issues of class d real estate
You wouldn't do a deal if you saw one
Profit from problems
Buy by the acre sell by the foot
The cost of litigation is always higher then you expect avoid litigation at all costs
Is the brain damage worth the deal?
Limit the buyers right to specific performance whenever possible?
Different deal points
Some people thrive off the negative emotional energy of disputes
My little dream bubble has been popped
Never hold real estate in a c corporation
With a legal nudge will he do the right thing?
I'm more interested in your money then your situation
The whole excitement of life is becoming
Each site has it's own nuisances
I want an unfair advantage ethically
Don't live like a king for a little bit live like a king forever
Cash flow positive project
Eat what you kill mentality
Some people are transaction oriented others are relationship oriented
Real estate is a team sport
Eat what you kill
If you don't know your numbers you don't know your business
Real estate has a way of evening itself out.

[Cherstin Haga · Rating 3 out of 5]

Definitely not what I was expecting. There is no storyline here: this is more of a compilation with each chapter being written by someone important to Kiyosaki’s real estate career. The advice is sound and the knowledge is spot-on, but there doesn’t seem to be a good application for the material. Some of it is too anecdotal to be a workbook, and it’s not geared as an expository read.

I feel like this information would have made a great year-long podcast, chapter by chapter and subject by subject but in book form, I don’t see the market or benefit. It’s very disjointed and most of it was outside the scope of what someone in the real estate field would need to know. Had I browsed it in the store, I wouldn’t have purchased it, but it came from Amazon so I didn’t have the opportunity to flip through it prior to purchase.

TL;DR: not what I was expecting.

[Cade Mclaughlin · Rating 5 out of 5]

Very great book and highly recommended. This is a great read for beginners as it does not dig deep into details but gives you the right mindset to get started with anything real estate. The book is a Robert Kiyosaki book, which is one of the greatest authors of all time in my opinion. His team also helps write the book, so it gives the reader multiple points of views which is what I like most about it. The biggest thing this book teaches you is the importance of teamwork and trusting your team in real estate. If you are in real estate or thinking about getting into real estate I highly recommend this book.

[Joanna Trelawny · Rating 4 out of 5]

This is an excellent book for real estate entrepreneurs written by people who have gone out and done everything they are teaching. Every chapter is clear and well written. There are lots of practical nuggets too. Some of the information is USA-specific and not applicable to the UK but nonetheless, it remains an important part of my reference library.

[Karen Briscoe · Rating 5 out of 5]

Achieve a higher level of success in your real estate business and life by reading this book. Inspiration and information from 22 of Robert Kiyosaki's real estate experts.--Karen Briscoe, author and podcast host 5 Minute Success

[Ben Harriman · Rating 5 out of 5]

great book, love the detail with simplicity. it gets in to more complex and larger deals which I love.

[Uzair Ansari · Rating 5 out of 5]

This is the very knowledgeable book i would share to my friends

[An Thai · Rating 3 out of 5]

Very boring. But this is a treasure box full of golden nuggets. Just very hard to digest

[Mike · Rating 1 out of 5]

Pure garbage.

[Daman · Rating 3 out of 5]

Very thorough. A lot of it was on topics I didn't care about so I skipped a lot. Wasn't a very compelling listen though, so I didn't finish it.

[Lesa · Rating 2 out of 5]

Some is good and some is well?

[Jorge Aguirre · Rating 4 out of 5]

Very informative. Message drives home you're only as good as the team around you.

[Mark Wallner · Rating 2 out of 5]

Did not learn much

[Obada Alzghool · Rating 3 out of 5]

An ok book. I had higher hopes of better content considering it is a +15 hours listen. In my opinion, the fact that practically there are 21 authors who contributed to this book made it more of mediocre where it is not really for beginners or advanced real estate investors.
....................
For next investment:
Cash flow is defined by the operating income = rent - operating costs (repairs and etc.).

Non-operating income includes financing transactions which are any money flowing to or from the business for loans.

and investment transactions Down payment and cash of selling

Ratio analysis:
Cap rate = net operating income / property value tells how much the property is earning

ROI = annual increase in value plus income /cash invested tells total return

Cash in cash return = net cash from investment after taxes/ cash invested tells cash return

Current ratio = current assets/ current liabilities tell ability to pay liabilities

Debt/ equity ratio = debt/ equity tells leverage

Return on assets = net operating income/total assets tells profitability

Debt coverage = net operating income / annual debt service tells ability to service sent from cash flow

Loan to value = debt/value of property tells leverage

Cap rate and ROI are the most important two ratios.

Criteria for a house:
1. Accessibility: parking, easy to find, easy to see.
2. Traffic noise and main vs small street
3. Groceries
4. Schools
5. Transportation
6. Are there new buildings around
.....
Cash on cash return: how long it takes to get my initial investment (down payment) back to me so it can be invested again.

The amount of cash received in a property investment in a period as % of initial investment in that property. Realistic % is 10 to 20, above is exceptional!

Cap rate of 7% or higher. It measures the property performance without considering the mortgage. The higher the rate the higher the risk and lower sale

Net operating income /Cap rate = Sale price

Gross rent multipliers the lower the cash flow increase. Aim for the lowest grm

Grm= property price/ annual income, the lower the ratio the better.

What is my business plan for Jordan apartment and Turku apartment.?

[Nola Tillman · Rating 5 out of 5]

I picked this up as I started re-reading Kiyosaki's other books and realized just how prolific an author he has become! While I enjoy the rest of his work, I think this is probably the best and most helpful book he has out, simply because of the vast array of perspectives it includes. Some of the essays dealt with a range I wasn't really interested in - but I read them and generally found something that related to the aspect of real estate investing that I *am* interested in pursuing. At the same time, there were a number of sections that gave me an in-depth answer to several questions that I had. On top of that, the colloquial examples provided further motivation to spur me onward.

An excellent read.

[Seemy · Rating 4 out of 5]

good book all round covering many important aspects wof real estate with well deserving and expert millionaires covering each section with guest experiences from donald trump n co...so enjoyed reading and learning about the different methods and type of real estate investing with relevant experts in the field...however not the typical 5 star fav i normally enjoy from kiyosaki..well deserve the proce..but kinda covered alot and not homed into one good strategy itself..but then again..its the REAL book of real estate, so its only right it covered many aspects and topics related to it

Waseem Mirza
http://www.WaseemMirza.net

[Gemma Alexander · Rating 2 out of 5]

I really like Kiyosaki's take on money and I think he's a lot more readable than most personal finance authors. But this book was a collection of essays by other people, and the point was pretty much just to build his brand and keep something new on the shelves. It didn't really add much to my understanding of investing.

[Tim Jones · Rating 4 out of 5]

This book gives a great overview of the advantages of investing in real estate, along with the many different types of real estate investments that are out there! Really good for people just starting out to see what's out there and what is most interesting to them. I really liked the chapters on single family homes, tax liens, and exchanges. Very informative book!

[Michael · Rating 2 out of 5]

3 Faults on this book:
- First, it covers way too many real estate topics
- Second, the level of depth in which each topic is covered is extremely uneven: for some topics, there's some specific, actionable advise (say, for example, when covering 1031 Exchanges); but for others, it was just a general overview
- Third, he includes both Trump's and 2 of Trump's sons advise