Also, owning in different countries does not protect you from multi-national risks like higher interest rates or worldwide recession or depression. But most other countries are so socialistic that you would lose far more than you would gain. You would get some diversification against certain nationwide risks like adverse changes in the income tax code. I mentioned this advice to one of my friends who is a multi-millionaire real-estate investor and he asked, What would be the point of investing in different countries?
#Dolf de roos real estate riches rules how to#
You would have to learn the real estate portions of the federal income tax code of each country, numerous real-estate laws and customs and, worst of all, how to value properties in each country. He advocates investing in real estate in multiple foreign countries, although he gives no reason for doing so other than his contention that it is easy. real-estate gurus is that he is from New Zealand and lived in various countries. One unique thing about de Roos among U.S. Roughly speaking, the message of the book is that you can get rich quickly and easily in real estate with little riskwith advice from de Roos and Kiyosaki. Its not a how-to book, its an advertising brochure that costs $17.95. Thats pretty amazing considering the importance of Kiyosaki to de Rooss success selling books. On 2/25/04, I received an email saying De Roos was no longer associated with Kiyosaki. The book is in the Rich Dad Advisor series, has a foreword by Kiyosaki, and a cover with the Rich Dad purple-and-black color scheme. de Roos associated himself with best-selling Rich Dad Poor Dad author Robert Kiyosaki. Real Estate Riches, a book by Dolf de Roos, is on the business best-seller list because Mr.
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