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Maybe I should’ve set them up as separate threads. I’m getting confused.
Topic A (companies and/or other structures).
Let’s take the example of someone wanting to generate substantial cashflow from multiple “wrapped” and/or “lease-optioned” properties. Would you put together 5 deals in your own name? Or are you better off creating a company that does it? Or maybe a trust? Or is there some sort of multiple-company structure that works? Or….? Obviously one needs get legal and tax advice for their own situation, but what structure are most people here using?Topic B (foreigners in Oz)
I’m actually trying to find out if foreign companies can buy real estate or do these kinds of deals. I had assumed foreign citizens would have limitations (correct me if I’m wrong), but that just makes it necessary for foreigners to either own local companies and/or buy through a foreign company, right? Or are there roadblocks to that plan? Anyone know?Thanks.
InfoSquid
Did anyone ever really think there WAS a “rich dad”? I always assumed it was a fable. An analogy. That’s the way it’s written.
I mean, think about it. Do YOU remember that kind of detailed information about conversations you had when you were 9 years old?
There’s nothing in any of the Rich Dad series that’s genuinely new. It has ALL been written elsewhere. The beauty of that series is that Kiyosaki simplified it and made the concepts easy for anyone to grasp. (The “cashflow quandrant” is a stunning conceptual model.)
Rich Dad is a STORY to expand one’s thinking. It’s not a perfectly-written story by any means (some parts are downright terrible), but its success is easily attributable to its general accessibility.
Is it dangerous? Well, if anyone really thinks so, maybe they should ask themselves WHY they’re threatened by it? It’s just a book, after all. If you don’t like it, bin it. There’s “dangerous information” everywhere.
One thing I’ll say for John Reed and his commendable investigative journalism, though. He MUST be successful at real estate: It appears he’s got all the time in the world.
