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Robert KiyosakiRobert Kiyosaki

Robert Kiyosaki, author of bestseller Rich Dad Poor Dad as well as 25 others financial guide books, has spent his career working as a financial educator, entrepreneur, successful investor, real estate mogul, and motivational speaker, all while running the Rich Dad Company.


The Most Common Types of Mortgage Loans

Later in this module you’ll learn more about government-sponsored loan programs, as well as private party and seller financing. You’ll understand these valuable alternatives better if you first get a good grip on conventional loans, the most common type of mortgage loan. Conventional loans are offered by banks, savings and loans, and mortgage companies. They...

Fannie, Freddie & Ginnie: Who’s Who

The secondary lenders who buy loans from primary lenders are usually agencies of the federal government (primary lenders can also function as secondary lenders). Below is a brief description of the three major federally sponsored programs and information on how to reach them. Each has an extensive and useful web site. 1) Federal National Mortgage...

Who Lends Money? Some Financing Basics

Mortgage loans come from many different sources and in many different forms. Let’s start with some basics about the types of lenders and sources of financing… “What are primary and secondary lenders?” Financial institutions make loans based on the idea that the property being purchased serves as collateral, or backing, for the loan. The institutions...

Important Financing Terms

Adjustable rate mortgage: a mortgage loan where the interest rate changes periodically over the period of the loan. The rate is usually lower than for fixed rate mortgages, so these loans are often initially more affordable. But they come with the risk that the interest rate will increase. Amortization: gradual repayment of a debt by...

How Do You Get a Loan?

One of the great advantages of real estate is, of course, leverage—using other people’s money to make money for you. And it all starts with how you finance the deal on the property you’ve now got under contract. Financing investment real estate can seem like a daunting proposition: talking to lenders, comparing interest rates, getting...

Is the Property Worth the Price?

Due Diligence You’ve got the property under contract. Time to celebrate, right? Not so fast. It’s time to examine the contingencies you added to the contract, as well as answer any other questions you may have. It’s crucial to remember: You agreed to this purchase based on estimated operating data. In addition, you may not...

Rich Dad’s Tips on Successful Negotiating

The best offers—and thus the best deals—are those that make both parties happy. Remember, the bottom line isn’t what you buy the property for, but how good the property’s cash flow is. Have a maximum figure, a figure you will not go above, in mind before you begin negotiating. When you reach that figure you’ll...

What Are Contingencies?

Contingencies should be clearly specified in every contract. They put the seller on notice that you will be looking carefully at specific items pertaining to the agreement and that your final decision to buy is based on those findings. Here are some examples of contingencies found in real estate purchase contracts. This offer is subject...