Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals Paperback – May 29, 2008

4.1 out of 5 stars 34 customer reviews

See all 9 formats and editions Hide other formats and editions
Price
New from Used from
Paperback
"Please retry"
$28.75 $2.05
Audible, Abridged
"Please retry"
$14.95
Unknown Binding
"Please retry"
$1,872.21

MileIQ
Automatically log your driving, and deduct or expense your miles. Try it FREE
click to open popover

Editorial Reviews

About the Author

See important note #3.
NO_CONTENT_IN_FEATURE

New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Series: Rich Dad's Advisors
  • Paperback: 176 pages
  • Publisher: Business Plus (May 29, 2008)
  • Language: English
  • ISBN-10: 0446538329
  • ISBN-13: 978-0446538329
  • Product Dimensions: 6 x 0.5 x 9 inches
  • Shipping Weight: 8 ounces
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (34 customer reviews)
  • Amazon Best Sellers Rank: #392,285 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback Verified Purchase
I have never written a book review before but after paying for and reading this I am so disappointed that I am going to. The vast majority of the book is consumed by the author trying to justify why investing in real estate is a good investment. Why would one buy and "Advanced Guide to Real Estate" if one didn't already think it was a good investment? I think he's just trying to fill up pages so that the book appears to have relevant content. What little advice exists is vague like "do your homework" and "talk with a broker to get the market cap rate." When talking about how to identify a good market he points out his "successful" investment in Las Vegas purchased immediately before the crash. The only interesting part of the book, his analysis of what he thinks are going to be the top ten real estate markets is from 2008 and obviously quite outdated.
2 Comments 31 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback Verified Purchase
Hey you! (zooms in from L.A. mansion panoramic view with Ferrari on the drive way) Want to be a millionaire? All you need is your own construction company, tons of previous real estate experience and very rich friends!

This short book spends all of its energy selling you some pulpy dream of 700% ROI and owning 5432534 unit apartment complexes and very little teaching you anything about real estate. If anything this book does have value as an investor, strictly as a view into the psychology of bubble era hubris.

First off, as many others have pointed out, the first third of the book is a sales pitch for investing in real estate. That goes in the beginner book, not the advanced. I'm looking for specific, and probably boring information on how to structure and analyze deals. If I bought the adavanced, chances are I've already convinced myself that real estate is a decent investment and done some research.

The second third of the book goes straight into two examples of multi million dollar several hundred unit apartment complexes. WOAH. That got advanced pretty fast. His definition of advanced is not about the level of technical insight in the book, it's about how expensive the units are. He happily brags about how he saves cost by using his own construction company and finances his properties with Kiyosaki's money. Not very relevant to learning about acquiring smaller multi family units for us little investors.

The third section is chock full of useful info like: explaining what a property manager is and telling you to get an accountant and a lawyer. He doesn't even tell you how to pick good ones. he just kinda instructs you to find one. WTF?
Read more ›
1 Comment 8 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
I came across this book at Barnes & Nobles and since it was under the Rich Dad banner I gave it a shot. I liked the section of dispelling the myths of investing in multifamily units, i.e. "you gotta start small", and "you need the Midas Touch".
The author discusses several projects that he has worked on and breaks down the process into several key steps.
Truthfully, it's not a "be all, end all" book for apartment investing, but I liked the fact that he explained his methodlogy in a simple, easy to digest fashion.
I invest heavily in single family residences and tri/quad-plexes, since the rental market is hot(smokin' like Texas BBQ) and sellers are deeding me houses at a rate of 5 per week. Apartment buying in this market AND for the forseeable future is going to be the next big thing.
You need to seriously educate yourself about this subject.
2 Comments 29 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback Verified Purchase
The book of the week was The Advanced Guide to Real Estate Investing by Ken McElroy. I think I may have a slight obsession toward real estate books because no matter how many times I read them, I never get bored and I always pick up another tip or remind myself of one I may have forgotten. And... McElroy is one of my favorite authors on the subject. He gives it to the readers straight and concise. I appreciate a person that doesn't need to add a lot of fluff to their writings.

This week's book was, like last week's post, a sequel book. The first book the correlates to this book is The ABC's to Real Estate Investing. I reviewed it last July... let's look at the bulk of that post before we get started on this one:

"I know that after reading this book I could make six figures in the business of real estate investing in 5 years or less. The first step is exactly that: Making a goal for yourself. Tell yourself that you want to make more than $100,000 annually in 5 years in multi-unit real estate investing. The goal you set for yourself has to measurable- "over $100,000", Time based- "5 years", and specific- "multi-unit real estate investing."

And now that you have your goal, it is time to hit the ground running. You will need to find a team because great things are seldom done alone. You will want a lawyer, accountant, engineer, etc. People that you can turn to and ask questions when they arise during your research. Another great thing about having a team to help you with your real estate dreams is you have people to keep you accountable. If you have ever worked out.. weight-lifting, running, or biking. You know it is so much easier to succeed when you have a partner to help you through.

You will then have to go out and find your ideal real estate.
Read more ›
Comment 13 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews