Meeting Dolf De Roos, the Multi Millionaire Property Investor in London on 21 May 2009
I went to the Property Investors Network (PIN) in London last night in the Cumberland Hotel in Marble Arch. This is a monthly meeting hosted by Simon Zutshi who owns a multi-million property portfolio and internet businesses as well as providing property seminars and mentoring courses in the UK. Dolf De Roos is one of the world's most successful multi-millionaire property investors and is a Rich Dad (Robert Kiyosaki) advisor.
He was invited to give a short presentation . He is also a famous author having published 14 books including the New York Times best seller Real Estate Riches, this is one of the best property books that I have ever read. I was so excited, as this was my first time meeting him.
Dolf is a world class speaker, he also speaks at the Trump University which was founded by Donald Trump. Even though his speech was short (one and a quarter hours) I found it interesting and fascinating. You can tell he is a very experienced and serious investor, but he was also very witty and told some jokes that were relevant and made everyone laugh. It was a fantastic evening and I can safely say that my money and time were well spent; I was inspired by his positive attitude considering the current global financial meltdown.
Dolf claimed that now is the best time to purchase properties and he believes that property is still the best investment vehicle.....ever, because YOU WORK ONCE AND GET PAID FOREVER. He said we can still make money in the up and down market as long as we get a good deal in the first place with a positive cash flow each month. He predicted that UK property prices will go up for the following reasons:
- The UK population is still growing, he suggested to invest in the areas that have potential population growth.
- Inflation, is another major factor that drives house prices up.
He advised us to research and invest in the areas that will have higher growth than the national average and also said that properties near the sea, water fronts or beside lakes have proved to have consistently better growth potential. For commercial property he advised us to invest in an empty property having already lined up tenants beforehand who are ready to move in. Then with the tenants moved in, the value of your property could double or treble, this is a much better option compared to tenanted commercial properties which are very expensive.
I have found that most highly successful business people always have one thing in common; when most people panic and get scared, that is when they see opportunities. Did you know that in Chinese the character for “crisis” comprises of danger (危) and opportunities(机)?
Take some recent examples: Warren Buffett, the most successful investor and second richest man after Bill Gates on this planet has never been so busy. Since last year he has acquired more companies than he did in 2007 which is when everywhere was booming.
Donald Trump, the celebrity billionaire recently purchased a prestigious golf course for cash near the capital in Washington DC, citing that he would never have been able to buy it 2 years ago, because it was not available.
After the presentation I got Dolf 's signature on my copy of his book that I purchased last year, he wrote “Shannon, Successful Investing! Dolf De Roos”, I also took a few pictures with him, so check them out! What a fantastic and productive evening!!!