About 2 years ago, I received a call from Robert Kiyosaki, author of the bestselling book, Rich Dad Poor Dad. Robert asked if I would contribute to a book he was writing about real estate. Of course, I jumped at this offer. The result of my two chapters plus those of 21 other authors, including Donald Trump, Robert and Kim Kiyosaki and Wayne Palmer, is the recently published book, The Real Book of Real Estate.
Donald Trump recently listed The Real Book of Real Estate as the number one book on investing to read this summer. And it's my great privilege to have written the very first chapter of the book, “The Business of Real Estate.”
I remember when we first got together as a group of authors 18 months ago. Kathy Heasley, editor extraordinaire, asked each of us about topics we would like to see in the Book. Of course, I suggested the Business of Real Estate. Why? Because in my 30+ years of experience as a consultant to entrepreneurs and investors, I have found that the most successful people are business owners.
Business owners understand how to use other people's time and money to their advantage; how to work smarter, not harder. So why not treat your investments like a business?!! This is especially true when it comes to real estate investing. As many have discovered over the past year or two, real estate investing is not easy. It takes time, education, and hard work. So why not treat it as a business?
You tell me. What do you think about the idea of treating your real estate investing as a business? I would love to hear you thoughts on this idea and I'm sure our other readers would like to hear your thoughts as well. So don't be shy – share your thoughts with us.