How to Put Deals Together Without Money – Robert Kiyosaki
The Art of a deal with Robert kiyosaki & wayne palmer
Robert Kiyosaki will be teaching How to Put Deals Together Without Money with Wayne Palmer, an experienced veteran in the real estate industry who have taught thousands of people in building wealth without a single cent, through the power of 1031 exchange.
This new Rich Dad special event The Art of a Deal will be held in Scottsdale, Arizona from Nov 6 – Nov 8, a 3 days event at the cost of US$5,000.
As a Rich dad fan, I have been receving updates about this event and was excited about it and actually went to find out more about Wayne Palmer, who was featured in rich dad latest book, The Real Book of Real Estate: Real Experts. Real Stories. Real Life.
After reading the chapter on Wayne Palmer, I get an idea about this exchange stuff where no money is involved. Basically, it works like barter trading but this type of transactions is more complicated than that and it can involve between two persons to a group of people.
The main motivation about this How to Put Deals Together Without Money, is how a deal can benefit both parties without getting money involved.
For example, if I’m old and living in a double storey luxurious home but have difficulties in climbing up the stairs, I may want to sell it and buy a smaller single storey home so that i can move easier.
However, if a couple with some kids come along and wanted a bigger home, there could be an exchange opportunites between us.
I may be interested to take the couple’s smaller home so that i need not move much and is easy for me to maintain the house, and the couple can take my double storey home which have enough space for themselves and their children.
In this transaction, there are no money involved and benefits both parties. Of course, the deal will get more interesting if more people are involved. But ultimately, if you can structure a deal benefiting all parties, you will begin to acquire more properties without a single cent.
Robert talks about how difficult it is to get credit from banks nowadays and if you are equiped with the skills in How to Put Deals Together Without Money, you are likely to create a massive of wealth while many are still wondering how to invest in properties because they don’t have enough money.