Real Estate to invest and to live

In his latest book, Robert Kiyosaki says different concepts that are important and have helped me understand a little about the subject. To learn more about the subject, this book is called “The Game of Money” and is one of the ones I liked about this author.
Yesterday while talking with a friend in a car went through an old building that has been abandoned for years in my neighborhood and he told me it was a waste and should pull it down. However in that time I saw a big business, but that the timing could not take because that is not part of my plan yet and therefore I have no experience in these matters.
* But what is the difference between thinking of my friend and mine?
In the first entries of this blog commented on the differences between assets and liabilities and especially the reason why our house is a liability. To go back a little on the subject, our house is a liability because it generates income after expenses. So even if the real estate market grow and our $ 50,000 home now worth $ 100,000, remains a liability and its price does not really matter since we are living there.
Returning to the example of the building, my friend could see it was a waste to have a building where nobody lives and that there could be a park or just tear it down to improve the aesthetics of the site. But my view was different, I began to see that if someone invested in that building, could generate a high cash flow. For this reason is that our views were different, one looking at the building owner and the other as an investor.
For some days I’m starting to learn a little about these issues and I’ve really come to understand why many people have houses, has not 100% yet these will generate substantial cash flow. Thanks to Kiyosaki’s latest book, I came to understand how a person can purchase a home that goes far beyond the budget you have in that time saved (in any other entry just talk about it or rather what I learned), I made some calculations and I realized that this is possible but should be very cautious. The key factor is whether we want a house to live (and indebted to her) or to start generating cash flow.
What I recommend to readers of this blog is that if your plan started or has the option of investing in real estate, and starting to read and find out a little about it. We need to start slowly and early to get to the moment you have the ability to invest in real estate but lack of knowledge of, and should begin to study and learn everything at the last minute.
You can buy books, today there are many books that are very practical and important examples. It must also be updated by reading the newspapers and magazines to supplement their knowledge. You can also attend many courses and events are held on the subject. And finally, ask others who know the subject, having a house or building, you will surely find someone to drink coffee, talk, learn and step to add a new contact to your network of Networking.
Furthermore, it should start to see real estate not as a place where you possibly can live, you should see them as investment options that generate cash flow (and heavily). Is fairly complicated but once you start to see things through the eyes of investors, he discovers that many things around him and before I saw them in a way, now is an excellent business opportunity.
So this post is to advise the readers to begin to see things slightly different eyes and try to channel all possible information is at your fingertips. Although this topic was meant for much later in this blog, I think the situation that happened to me yesterday was that the topic interests me a little more and so advise others about real estate. Beginning to study a little later now we can understand things better.
Thank you very much for your time
