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Dream Team

Always wished you could sit down and chat with the "Rich Dad" and the Donald? We got the chance-and we're sharing their insights with you.

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This story appears in the November 2006 issue of Entrepreneur. Subscribe »

Entrepreneur: As successful entrepreneurs, what would you do to build wealth today? Is real estate a part of it? If so, how can entrepreneurs build wealth in a slowing housing market?



Robert Kiyosaki: When I talk to most people about real estate, they're thinking about owning a house. That's not what I'm talking about. I'm buying commercial buildings and large tracts of land. I own thousands of acres of land in China, and I bought a mining company to make that land viable mining gold. That's my formula.



Donald Trump:
Real estate is a part of who I am and what I've built. As a developer, I would look at the hotel/condo mixed-use concept, but housing is not the only market if you are a developer. I started my career in real estate when it wasn't really a booming market in New York City. If you wait for perfect conditions, you will be waiting for a long time. I'd keep my focus while being patient and creative.

 

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