How To Get Started In Real Estate by Kim Kiyosaki

3 Definitive Steps To Get Started In Real Estate Investing

Stop making excuses and learn how to get started in real estate

Great news: Multiple sources report that the outlook for the U.S housing market remains strong. We owe this to several factors—continued job growth, wage increases, and mortgage rates that have remained in a historically low range for quite some time (keeping housing payments affordable for homeowners). In fact, mortgage rates have just slipped to their lowest levels in almost two years.

Sounds like a pretty good time to get in on the real estate game (if you haven’t already done so), right? As the lottery motto goes, you can’t win if you don’t play. And that’s true in all investing. But unlike winning the lotto, real estate investing isn’t dumb luck—it’s an art form that requires you to do your due diligence, conduct research, run the numbers, get creative, and take calculated risks in order to succeed. If you’re up for the challenge, then it’s time to discover how to get in started in real estate.

Debunking the Myths

I hear a lot of excuses from women who are contemplating investing in real estate. And I get it: over the years, you’ve been fed misinformation and brainwashed into thinking it’s not for you. The pushback I get is typically in one of three areas, so let’s explore them and dispel the myths surrounding getting started in real estate investing:

  1. It’s not for me.

    So, you think real estate investments are just for rich couples or singletons who can take risks because they don’t have hungry mouths to feed? Think again. Women—single, divorced, married and single moms—are buying properties and profiting from this real estate boom.


    Because contrary to popular belief, it doesn’t matter how much money you have. In fact, every successful real estate investor I know, male or female, started very small. And that’s actually for the best, because there’s a lot to learn and lots of mistakes to be made—the smaller the investment, generally the less costly the mistake.

  2. Only men are successful in real estate.

    Actually, quite the opposite is true. Women are more successful than men at real estate investing, with a return ratio of 2 to 1. Yet, just barely 30% of the real estate investors in America are women.

    Ladies, it’s time to infiltrate this “old boys’ club” and stake our claim on their turf.

  3. The market may shift.

    Maybe you disagree with economists and think the bubble is about to burst? Well, thankfully, once you learn how to get started in real estate, you’ll realize the market doesn’t really matter. Real estate investor Dean Graziosi says: “Real estate investment works in any area, in up, down or sideways markets, and for anyone who invests their time, energy and enthusiasm in getting started. America doesn’t play favorites by gender when it comes to energy, enthusiasm and the desire for success.” That means, it’s an even playing field.

3 Tips for Getting Started in Real Estate

If you’re feeling excited and ready to jump right into your first real estate deal, that’s great! But before you dive into the deep end, let’s cover a few important basics:

  1. Invest for cash flow.

    When I speak of real estate, I’m talking about rental real estate that produces a positive cash flow. If you’re investing for cash flow, the market’s direction is no longer important, nor do you need to worry about liquidity. Your goal is to collect monthly rent for profit—and any gain in value of the property itself is a bonus. This long-term play is much less risky than the pundits want investors to believe.

    On the flip side, investing for house-flipping purposes is much more market-driven — you could end up spending quite a bit of cash to renovate a property and then find yourself unable to sell it (or being forced to sell for a loss). That’s just not a gamble I’m interested in making.

  2. Be open to unexpected opportunities.

    It’s important not to be limited in your terminology. When people ask me how to get started in real estate, I always encourage them to be open to a wide range of properties, such as single-family houses, duplexes, triplexes, apartment buildings, single office buildings, multiple office buildings, retail stores, retail shopping centers, big box stores, self-storage facilities, industrial warehouses, and so on.

    As you can see, there is a ton of variety in real estate, so choose the property that best suits your interest and budget.

  3. Harness the power of OPM.

    One of my favorite things about real estate investing is using Other People’s Money (OPM) to invest.

    On a typical real estate investment, you’ll put down around 20% of the value of the investment while the bank puts down the other 80%. But if you’re really savvy, you can find investors to cover much of the 20% down payment, limiting your cash expenditure, while collecting fees for brokering the deal. This allows you to have the potential for a much greater return on investment (ROI).

Take Your First Step to Invest in Real Estate

If you think real estate is right for you, there is a deal out there that will fit your investment plan and profile.

But first, you should educate yourself on the ins and outs of real estate investing. To learn how to get started in real estate investing, Robert and I have teamed up with the Professional Education Institute to provide you a special webinar experience.

During the live, interactive webinar you'll discover:

  • How to create massive wealth through real estate
  • Why you don't need money to acquire assets
  • The hidden dangers of mutual funds, 401(k)s and savings accounts
  • How you can learn to think like the rich
  • How it's possible to minimize your liabilities while you acquire assets
  • 3 unique things that are unique to real estate investing
  • How to develop the same successful winning mindset of Robert and Kim Kiyosaki

Understand, Robert and I began investing in small, single-family homes back in the late 1980's. When we were ready to move on to bigger properties, we purchased a six-unit apartment building. Today, we own over 1,000 apartment units. That’s how our story started—how will yours begin?

Original publish date: August 10, 2017