I have finished reading a book by Robert Kiyosaki. He wrote several books involving his tips to do smart investing. The books are basically not teaching step by step on what investments to take on; but more on the developing our metal minds to be more successful in investment.
He was telling about his Rich dad who in the end did a lot of investments in Hawaii real estate. Ironically, Robert mentioned in his book that a property will NOT be considered as an asset if it does not bring money into our pockets. Most people believe that just by buying a property, they already did an investment, waiting the price of property to rise up. However, the books opened my eyes how a normal property can be an expense more than an investment. The rise in price is so little that we need to spend more on taxes, maintenances and other things.
That is why he kept on telling in his book to spend more time analyzing the property that we are going to buy. Oahu real estate and Kauai real estate could be luring investments in term of good views for relaxing house. But make sure that you have considered all aspects like the need of renovation before deciding to buy the property you wanted.
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