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.


How Do You Avoid Hassles?

It’s the one factor more than any other that keeps people from investing in real estate — managing the property. Ask most people, and they immediately think,“Yeah, that means having to get up in the middle of the night to fix a toilet — and I don’t even know how to do that in my...

Key Definitions for This Module

Lease: A legally binding, contractual agreement between landlord and tenant for the occupancy of a rental unit. A good lease stipulates all terms and conditions of the landlord- tenant relationship. Eviction: The process of legally removing a tenant from a rental unit or rental property. The eviction process begins with notice to the tenant and...

What Are Closing Costs?

Closing costs are the expenses incurred in the completion of a real estate transaction. The amount varies from state to state; check with your broker about what you should expect. Your certified check should be made payable to the settlement agent handling the closing. Here are the elements that make up the closing costs and...

Getting Ready Before Closing

Settlement itself will be orchestrated by the attorney or closing agent or by the title company. Your main responsibilities occur in the weeks before settlement. You’ll work closely with your broker or agent—and with the closing agent you hire—to accomplish several important steps. Follow the checklist below… Pre-closing checklist: Select a closing agent and set...

What Do You Need to Know About Settlement?

You’ve got a contract and you’ve arranged for financing. The next step is settlement. Chances are you’ve been through a settlement before, probably when you bought your own home. Especially the first time, it can be a bewildering experience. Buyers and sellers are expected to sign piles of documents, many of which contain lots of...

Key Definitions for This Module

Closing: The process by which ownership of a property passes from the seller to the buyer. Also known as “settlement,” closing includes the delivery of a deed, financial adjustments, the signing of notes, the disbursement of funds necessary to complete the sale, and appropriate recording of documents. Closing agent: A third-party agent of your choosing...

“What Other Loans Can I Get?” Alternative Financing Sources

Sometimes you need to seek alternative loan sources because you don’t meet the qualifications for conventional loans. But an alternative source might also be something you choose because it gets you a better deal. There are three basic possibilities: government-sponsored loans, assumable loans, and owner or private party financing. Let’s cover those quickly… 1) Government-sponsored...

What Documents Should You Have?

Lenders use a Uniform Residential Loan Application, also known as Fannie Mae 1003. This form covers both owner-occupied and non-owner-occupied loans. It’s available online from the Department of Housing and Urban Development web site at www.hud.gov. Go to the HUD Forms page, then scroll down to Miscellaneous Forms and click on Fannie Mae. On the...