Advantage Software LLC               Beyond Robert T. Kiyosaki's Rich Dad, Poor Dad
                                     The Savvy Real Estate Investor
 
 
 
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    Beyond Robert T. Kiyosaki's Rich Dad, Poor Dad  
 
 
  Yes, Robert T. Kiyosaki is right in Rich Dad, Poor Dad.  It is important to have a dream and detailed, well thought out plans to accomplish that dream.  As Lao Tzu said several thousand years ago, "The journey of ten thousand miles begins with the first step."  Rich Dad, Poor Dad cultivates the dream and helps you to plan for the journey.  Building wealth via real estate is a long term process.  Yes, some people get rich over night, but most successful real estate investors work hard at it, have a long term plan and stick with it.  You can shorten the journey by acquiring knowledge and expertise and by making smarter and more profitable investment decisions.   The use of investment tools and concepts which improve the decision making process can also shorten the journey.

The savvy real estate investor understands real estate investment terminology and uses knowledge and experience to make better, more profitable investment decisions.  He understands important real estate concepts and ratios such as

 
               
      Depreciation, Cash flow, Leverage, Taxable Income, Appreciation, Future Wealth / Net  Worth, Capital Gains Rates, Marginal Income Tax Rate, Operating Expense, etc.

   Ratios that Measure Profitability and Risk Assessment such as Cash on Cash Return, Cap Rate, Internal Rate of Return, Debt Coverage Ratio, Gross Rent Multiplier, Break Even Point, etc.

 
              
  The savvy real estate investor uses tools to measure the profitability of potential real estate investments.  A sound understanding of real estate ratios and concepts will speed up your journey on the road to acquiring wealth via real estate investment.  If you would like to learn more about some of the above ratios and concepts, click on the following link.   

  Advanced Topics

The savvy real estate investor knows when to buy and when to keep looking.  Real estate investment analysis software can speed up, simplify and improve the decision making process. 

 
                
        Make smarter and more profitable investment decisions.

  Quickly size up the profitability of potential real estate investments.

   Compare multiple income properties to determine which one provides the greatest return.

      Determine the future wealth / net worth building potential of an income property by running low, medium and high anticipated future appreciation growth rates through the software. 

   Quickly assess the use of leverage to increase your return on investment.

     Help you to systematically meet your real estate wealth building goals.

 
              
  Don't make rash, uninformed investment decisions.  At a bare minimum, you should understand and use several real estate ratios that measure profitability and risk.  If you would like to learn more about Real Estate Investment Analysis Software, go to

                Software Features             Feature Comparison  

                Software Description        Purchase Software 

The savvy real estate investor knows the market place where he invests and understands the local economy and future building trends that can impact the market place. 

 
                 
       How strong is the local economy and local job market?

     Are mortgage interest rates increasing or decreasing and how will that impact local real estate prices?

     How fast have property values increased in the past?  Will they continue to increase in the future and why?

     Are vacancy rates high or low for different types of income properties in the market place and how will that impact future prices?   

      How will anticipated future building trends and patterns impact the price of existing rental property? 

    Should you avoid investing in high crime areas?  Is anything being done to improve those areas or will they continue to decline?  If so, is the potential gain sufficient to take on the added risk? 

       Should you invest to maximize cash flow or should you invest for appreciation?

    What is the market cap rate and market gross rent multiplier for different types of income properties in a given market place and how can I use this information to determine when I've found a bargain?

    Etc.

 
               
  The savvy real estate investor will periodically drive through areas that he is interested in looking for income property that is "For Sale by Owner" or recently listed income properties to get a jump on other investors. He will develop a good relationship with a realtor so that he gets information as new listings become available.  He will talk to people who own income property and find out what they think about the local real estate market and why.  Being knowledgeable about your local market place will help you to make smarter and more profitable real estate investment decisions. 

Yes Robert T. Kiyosaki is right in Rich Dad, Poor Dad.  You need to get caught up in the dream and you need a good investment plan.  You  need to need to work hard, work smart and keep your eyes on the objective and continue to expand your real estate knowledge and expertise.  Understanding important real estate investment concepts and tools such as real estate investment software can help you to make better financial decisions and help you to systematically reach your financial goals.  A well thought out investment strategy and the use of cutting edge real estate analysis tools can help you to turn your dream into a reality.

If you choose not to use real estate analysis software, don't let that stop you from investing.  You can buy income property without real estate analysis software and most people do and the majority of them do well.  As you become more knowledgeable and sophisticated at investing, you will understand the advantages that it offers and how it can help you achieve your goals and dreams. 

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