Articles (Robert Kiyosaki archive)
There's an old saying that goes, "It's a recession if your neighbor loses his job. It's a depression if you lose your job."
The subprime mess is widespread, and it seems to be getting worse. It's certainly worse if you're about to lose your home.
Years ago, when I was just starting my real estate investing career, I came across a property with a for-sale sign on it. I called the broker and asked, "What can you tell me about the property, and how much does it cost?"
One of the best pieces of business advice I ever got was "You can't do a good deal with a bad partner."
During the height of the real estate bubble, I wrote a column saying that the crash was coming and suggested selling any piece of real estate that was overpriced, questionable, or non-performing. As expected, I received angry replies.