Dolf de Roos is a real estate expert who teaches professionals to generate passive income and wealth by investing in real estate. With over 40 years of experience in the field, he has published 11 best-selling books, including Real Estate Riches, and has worked with Robert Kiyosaki to write the Rich Dad’s Advisors series on real estate. Dolf also teaches at events and institutions in over 16 countries, including Tony Robbins’ Wealth Mastery. He has been featured on over 5,000 global radio stations, and in 2003, he became a Visiting Professor of Real Estate at the University of North Texas.
Here’s a glimpse of what you’ll learn:
- [0:00] Introducing Dolf de Roos, the master of real estate
- [1:17] Why Dolf transitioned from earning a PhD to venturing into real estate
- [10:05] Innovative and lucrative real estate investment solutions
- [14:55] How to request a bank loan by offering an investment
- [19:47] Dolf shares his experience advising Robert Kiyosaki on his book Rich Dad Poor Dad
- [24:05] Adapting to market changes and harnessing opportunities in vacant properties
- [35:09] Why reimagining traditional financial strategies is key to investment success
- [41:15] The importance of observing societal trends to capitalize on real estate opportunities
- [52:38] AI’s role in the real estate market
- [56:49] What is Dolf’s 100-10-3-1 rule?
In this episode…
Real estate has become a popular avenue for generating wealth as people stray away from traditional employment. Yet volatile markets, depreciated properties, and vacant spaces have made it challenging for people to establish recurring revenue and achieve long-term success. What strategies can you employ to create passive income and live the life of the wealthy?
After obtaining his PhD, real estate investor and coach Dolf de Roos realized that traditional education wouldn’t make him wealthy. He studied the habits and strategies of upper-class professionals and began leveraging his degree as a problem-solving tool for creative wealth generation. Dolf maintains that while many are hesitant to request a loan from the bank, you can develop a partnership with these institutions by offering them a stake in your investment. Additionally, the number of vacant and abandoned properties has increased since people began working from home, so observing market trends and behaviors allows you to convert these properties into value-generating investments.
Tune in to this week’s episode of What The Teck? as Rolando Rosas and Dave Kelly invite real estate expert Dolf de Roos to speak about leveraging real estate to generate wealth. Dolf shares his strategies for identifying lucrative properties, his role in Rich Dad Poor Dad and the book’s cultural resonance, and why he recommends restructuring traditional financial strategies in real estate.
Resources mentioned in this episode:
- Rolando Rosas on LinkedIn
- Dave Kelly on LinkedIn
- Global Teck Worldwide
- Circuit Loops
- Dolf de Roos: Website | LinkedIn | YouTube
- Real Estate Riches: How to Become Rich Using Your Banker’s Money by Dolf de Roos
- “Outsourced Residential Office Spaces: The Future of Remote Work” with Amina Moreau on What The Teck?
- “Work-From-Home: An Unexpected Economic Boom” with Nick Bloom on What The Teck?
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
- Doctor Zhivago by Boris Pasternak
Quotable Moments:
- “The challenge was I could hardly find anything that the rich had in common. It wasn’t age, gender, or religious belief… It was real estate.”
- “I hadn’t made money, and I hadn’t worked for it. So I thought, I’ve got to do this again.”
- “Degrees equals wealth was flawed logic. I could only find two things that the rich had in common.”
- “What you do learn [in university], though, is creative ways of solving a problem.”
- “If you spend $1,000 for a carport, you can have $6,000 of tax-free money in your pocket.”
Action Steps:
- Expand your view on education and utilize it as a tool for problem-solving rather than solely relying on academic credentials: This addresses the challenge of translating educational achievements into practical wealth-building strategies.
- Actively seek and create real estate opportunities, such as adding simple structures to properties to enhance value, demonstrating how small investments can yield significant returns.
- Practice patience and diligence by exploring unconventional routes and environments to spot undervalued properties, showcasing that opportunities are abundant with the right mindset.
- Understand and utilize financing options like refinancing to tap into property appreciation without selling, providing a strategy for continual investment growth.
- Stay abreast of market and societal trends, such as changes in workspace demands and commuting patterns, to anticipate and capitalize on emerging real estate opportunities.
Sponsor for this episode…
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Episode Transcript:
Dolf de Roos 0:00
At 17, I was curious, what did the rich have in common? There was an age, gender, religious belief, whether you’re an immigrant, the first born or the last born, and it certainly had nothing to do with education. In fact, I could only find two things that the rich had in common, and one of them was.
Intro 0:17
Dolf de Roos, renowned real estate mogul. His insights have shaped the property market. He’s mentored hundreds of 1000s of investors and is the prolific author behind the best selling book, Real Estate Riches.
Dolf de Roos 0:28
I spent eight years at university, got the PhD. I was offered a job at $32,000 but unfortunately for them, the week before, I knitted $35,000 out of a single real estate deal. And I thought, hang on a minute. There’s something wrong with this equation that degrees equals wealth. If you want to become financially independent, you have to do things differently. Real estate is a very specific form of an engineering problem. Here’s the problem. Find the solution. One of my golden rules, one of eight golden rules, is, if you’re smart and you’re on it and you’re seated, then you can snag a good deal. It happens every day of the week. Doesn’t happen in the stock market, doesn’t have no futures and options than anything else. The trick is to sell themselves. In general, people who sell tend to live long enough to regret it.
Rolando Rosas 1:18
Why’s that?
Dolf de Roos 1:19
It’s a combination of three things. One is the second thing is, then, so that causes,
Rolando Rosas 1:24
oh, my God,
Dolf de Roos 0:17
but there’s a third one that most people don’t realize and that’s.
Rolando Rosas 1 1:32
Welcome to What The Tech? your gateway to business strategies and tech secrets shaping today’s workplace. Dave, today we have the fortune of somebody that’s been around the real estate industry for over 40 years,
Dave Kelly 1:50
40 years in real estate. And here’s an interesting story.
We’re going to try to pick out which of these stories are the most fascinating. Those are the hardest things that that was probably the hardest thing to do in this morning’s production meeting, was going through, and, you know, picking the choice once he’s got so many to tell he’s got not just one, but several books. Who knows, he may throw a couple curveballs at us. And normally it’s the other way we throw a couple curveballs at the guest. All right, you know what, Dave, let’s get to it. Welcome to the podcast. Dolf de Roos.
Dolf de Roos 2:22
Thank you so much. Rolando and David. It’s my absolute pleasure to be here. And when I hear that introduction, I think, Oh my gosh. Four decades in the industry, that’s like saying I’m really old. And you know what? When I sit down and think about it, I am. I wish you could have said he’s been in the industry for four months, and he’s got a local career ahead of him. But every age is a good age, guys. And one of the great things about having done something for a while is you start to see long term trends, right?
Rolando Rosas 2:51
And you know the one of the things that is so fascinating about what you’ve done, because you’ve been in it such a long time, is that you have a lot of wisdom. And one of the things that we get that has nothing to do with real estate, but everything to do with wisdom is how you made that transition. You went to school, you got a PhD from the University of Canterbury. If I wish, I wish I had a nice British accent, is that that in the UK Canterbury?
Dolf de Roos 3:21
No, it’s as far away from the UK as you can get. It was in New Zealand,
Rolando Rosas 3:27
So University of Canterbury in New Zealand, correct? What was that? Like? You went to school, you got your PhD, and you didn’t go into that field. You went into real estate. What happened?
Dolf de Roos 3:40
Well, it’s a bit of a long story, but, you know, I came from a family that never had the chance to go to university, so my sister and I had it indoctrinated into us that when you finish school off, you go to university, because it’s the people with the degrees that can get a, you know, a job, and with a job, you build a career, and with A career, you can have financial success. So without thinking about it, when I finished school off, I went to to university. But during my very first week at university, I looked around at me, at the people who had the degrees right, the tutors, the lecturers, the professors, and it occurred to me that they were not uniformly wealthy. I thought, there’s something wrong with this equation that degrees equals wealth. So I took it upon myself at the tender age of 17 to make a study of the rich. I was curious, what do the rich have in common, thinking, perhaps somewhat naively, that if I could identify 30 or 40 things that they did have in common and emulate them, that I’d have a good chance of being rich, right? Great theory. The challenge was I could hardly find anything that the rich had in common. It wasn’t age, it wasn’t gender, it wasn’t religious belief, it wasn’t whether you’re an immigrant or not, whether you were the firstborn in the family or the last born, or anywhere in between. And it certainly had nothing to do with education. I mean, when you think of. That Bill Gates is a dropout from Harvard, that’s right, Steve Jobs never finished
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