Advice from Real Estate Power Players

It is awesome to get advice from two titans of Real Estate, Donald Trump and Robert Kiyosaki. This video and others like it have some great advice. It doesn't matter if you're buying your first house or looking to become a real estate investor, controlling your debt is one of the most important things to consider. Its important to keep it under control, keep track of your interest rates, stay up-to-date on your payments and of course, never go bankrupt. If you go bankrupt, you pay three times.

1. You lose your ability to generate credit.
2. You lose your ability to gain clearance to information.
3. You lose your ability to be considered accountable.

It closes off far too many options and should be avoided like the plague. If you can avoid it, never go bankrupt.

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