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MJ DeMarco and Real estate?

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Sofiane9

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Nov 11, 2020
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Hi everybody, I'm reading MFL and I've seen that MJ DeMarco indirectly call out rober kiyosaki as a fake guru and that his lessons are not valid as a fast line approach. But also in chapter 29 he says that real estate investment its a fastline way. I'm personally really into learning real estate and i feel a little bit confused by reading the book about this topic. I'm from Italy and real estate here is bad, so my goal is to start real estate in Australia from scratch in the future, in the meantime I'm learning sales and marketing as a skill. Is this a valid option to start as a business model (more like an investor model) or its better to have a lot of money in the bank first.( robert kiyosaki philosophy its to use bank's money to start real estate)
 

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Dominik_M

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Jan 29, 2018
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Hi everybody, I'm reading MFL and I've seen that MJ DeMarco indirectly call out rober kiyosaki as a fake guru and that his lessons are not valid as a fast line approach. But also in chapter 29 he says that real estate investment its a fastline way. I'm personally really into learning real estate and i feel a little bit confused by reading the book about this topic. I'm from Italy and real estate here is bad, so my goal is to start real estate in Australia from scratch in the future, in the meantime I'm learning sales and marketing as a skill. Is this a valid option to start as a business model (more like an investor model) or its better to have a lot of money in the bank first.( robert kiyosaki philosophy its to use bank's money to start real estate)
Well, "real estate" is just as little fastlane as "software".
It depends on your specific execution.
Just buying houses on the banks money? What's your exact plan to make money with it? Speculate that the prices go up over time? Are you credible enough that banks would give you a lot of money right now?

There are many ways to build a fast lane using real estate for sure. Just have a look at Donald Bren, Stephen Ross etc.
It's certainly possible.
Just like in any other industry.
 

Sofiane9

New Contributor
Nov 11, 2020
6
2
11
Well, "real estate" is just as little fastlane as "software".
It depends on your specific execution.
Just buying houses on the banks money? What's your exact plan to make money with it? Speculate that the prices go up over time? Are you credible enough that banks would give you a lot of money right now?

There are many ways to build a fast lane using real estate for sure. Just have a look at Donald Bren, Stephen Ross etc.
It's certainly possible.
Just like in any other industry.
Of course, I'm just trying to see whats the best strategy to adopt first before taking any actions in the future, I think its risky as much as building a business without money. The banks still need to see if your business model is good and I don't see the difference with a house loan. Of course I'm not obsessed with one idea, if its not a valid option to have for a fastline way, I will easily shift with another topic. I would to see what everybody and maybe even MJ DeMarco thinks about this
 

Kokaka

Contributor
Aug 9, 2019
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Hi everybody, I'm reading MFL and I've seen that MJ DeMarco indirectly call out rober kiyosaki as a fake guru and that his lessons are not valid as a fast line approach. But also in chapter 29 he says that real estate investment its a fastline way. I'm personally really into learning real estate and i feel a little bit confused by reading the book about this topic. I'm from Italy and real estate here is bad, so my goal is to start real estate in Australia from scratch in the future, in the meantime I'm learning sales and marketing as a skill. Is this a valid option to start as a business model (more like an investor model) or its better to have a lot of money in the bank first.( robert kiyosaki philosophy its to use bank's money to start real estate)
I think its a great idea and something Im interested in exploring in the future. My idea is to buy villas and convert them to student living spaces because where I live, there is a major housing crisis.

A villa here is about 300k. You can build the house to fit 6-7 students who pay 500usd a month. Thats 36k - 42k a year from the investment and the villa is still there and will increase in value over time.
Have a few of theese houses and hire people to maintain and organise the renting process and just put in excess profit that you don't need and as such evade paying tax.
 

MJ DeMarco

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My opinion on Real Estate and how it fits into a Fastlane type of plan is best demonstrated what @Envision has accomplished. He is in the US, so I don't know how his experience would translate to Italy or AUS.

As for RK, my issue with him is that he is a personal brand and a seminar hustler/guru first, and a RE investor second. If you want RE advice, there are 1000's of better "coaches" than RK, including some here, guys who walk the talk and aren't selling their gist in $50,000 trainings.

RE is one of many roads.

For me personally, I found RE to be supplemental to my Fastlane engine, but not the primary vehicle. I prefer things to be a bit more granular with mass, versus magnitude.

Good luck my friend!
 

biophase

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Hi everybody, I'm reading MFL and I've seen that MJ DeMarco indirectly call out rober kiyosaki as a fake guru and that his lessons are not valid as a fast line approach. But also in chapter 29 he says that real estate investment its a fastline way. I'm personally really into learning real estate and i feel a little bit confused by reading the book about this topic. I'm from Italy and real estate here is bad, so my goal is to start real estate in Australia from scratch in the future, in the meantime I'm learning sales and marketing as a skill. Is this a valid option to start as a business model (more like an investor model) or its better to have a lot of money in the bank first.( robert kiyosaki philosophy its to use bank's money to start real estate)

Just curious about you starting in Australia, do you you intend to become a citizen of Australia to invest? If not, how do you plan on doing it there?
 

Sofiane9

New Contributor
Nov 11, 2020
6
2
11
My opinion on Real Estate and how it fits into a Fastlane type of plan is best demonstrated what @Envision has accomplished. He is in the US, so I don't know how his experience would translate to Italy or AUS.

As for RK, my issue with him is that he is a personal brand and a seminar hustler/guru first, and a RE investor second. If you want RE advice, there are 1000's of better "coaches" than RK, including some here, guys who walk the talk and aren't selling their gist in $50,000 trainings.

RE is one of many roads.

For me personally, I found RE to be supplemental to my Fastlane engine, but not the primary vehicle. I prefer things to be a bit more granular with mass, versus magnitude.

Good luck my friend!
Thank you for the response, I will look out @envion about his work and I get your last point about granular versus magnitude.
Keep up the good work MJ
 

Sofiane9

New Contributor
Nov 11, 2020
6
2
11
Just curious about you starting in Australia, do you you intend to become a citizen of Australia to invest? If not, how do you plan on doing it there?
I did some research and I saw that in Australia is easy to get work, easy to save up a lot of money from a regular job and to start a new life against other countries that i know of. I also picked up Australia because the government wants to rise to 100 million of people living there ( now is 25 million) and that is synonymous of growth in my opinion. Italy is dead and even if my dream was always to come to USA, I still try be objective and not follow my passion but instead opportunities. So my answer to you is I'm trying to follow opportunities.( I'm open to criticism about this)
 

biophase

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I did some research and I saw that in Australia is easy to get work, easy to save up a lot of money from a regular job and to start a new life against other countries that i know of. I also picked up Australia because the government wants to rise to 100 million of people living there ( now is 25 million) and that is synonymous of growth in my opinion. Italy is dead and even if my dream was always to come to USA, I still try be objective and not follow my passion but instead opportunities. So my answer to you is I'm trying to follow opportunities.( I'm open to criticism about this)
I was just curious because foreigners can only buy new construction or they must live in the real estate that they purchase. Which is why I can't purchase anything there as an investment.
 

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