www.1001TopWords.com |
Donald Trump on Real Estate
I love what Trump says about the business of real estate. I am a big believer in setting up business systems for all my clients. So it is cool to hear from a master like Trump about the importance of systems! Sincerely, THE REAL ESTATE BUBBLE OF 2005? 'What Donald Trump has to say about the latest business opportunities found in Real Estate Investing.' By Phyllis N. Schwartz Have you ever wanted to become a millionaire? If so ? and, if you live in the United States, there is now a very REAL chance for you to enjoy the same opportunities as Donald Trump. You don't need to invest in real estate to be wealthy. But, by and large it is the easiest, most leveraged way to build real, sustainable wealth. With mortgage rates at an all time low and tax laws favoring real estate holdings, now is an ideal time to profit from the greatest real estate gold rush in history. Marriage, job changes, divorce, new families, death -- the average American moves every five to six years. And with that constant stream of movement across the United States, more than 12 million homes are bought and sold every year. Many of these will be great deals that you, yourself, could be profiting from. The very same principles that make Donald Trump a fortune with New York City skyscrapers will work for the average investor, no matter what size the property. So precisely what can the small real estate investor learn from a billionaire wheeler- dealer like Donald Trump? According to George Ross, Executive Vice President and Senior Counsel for the Trump Organization (and, of course, Apprentice co-star), one of the cornerstones of Trump's philosophy is "Improve any location." And that's just what Trump did in his very first real estate deal on a foreclosure of a 1,200 unit apartment complex in Cincinnati, Ohio. Without a penny invested, Donald and his father, Fred, were able to turn the apartment complex around by doing some remodeling and taking a tough stance on rent collection. In the single most valuable lesson in Donald Trump's real estate career, he learned how the government would assist buyers in purchasing property with little or no financial backing and how to get such aid. His passion for real estate grew from there and he went on to create the strategies and systems that turned his business into an empire. "Deals are my art form. Other people paint beautifully on canvas or write wonderful poetry. I like making deals, preferably big deals. That's how I get my kicks." In New York City, the Trump signature is now synonymous with the renowned Trump Tower, The Trump International Hotel & Tower, The Trump Park Avenue and the Trump Building at 40 Wall Street. He also owns golf courses in 4 states, and current projects include the building of the biggest development ever approved by the NYC Planning Commission . Ranked #228 on Fortune Magazine's list of the world's billionaires, Trump stated: "Real estate is at the core of almost every business, and it's certainly at the core of most people's wealth. In order to build your wealth and improve your business smarts, you need to know about real estate." The most obvious problem that confronts many would-be investors is lack of know-how and/or financial resources. Common sense would dictate that wanting to make money in real estate is simply not enough. Knowing how to get it is the real key to success. Like any other profitable business, it takes a proven business system. In Trump: The Art Of The Deal, 'The Donald' gives his own assessment: "If you take care of the downside, the upside will take care of itself. In other words, if you have a contingency plan for everything that can go wrong, you can't help but succeed." So how does the average Joe or Jane actually succeed in real estate? Because you can't know it all, no matter how smart, educated or experienced, there is no way to acquire all the wisdom you need to make your business flourish. It's precisely why 95% of franchises succeed and only 25-35% of independent businesses fail. Wanting to make money in real estate is simply not enough. Just as Donald Trump had starting out, you need a great mentor with a proven track record to lead the way and support your efforts? also a proven business system that allows you to invest in all types of real estate without ever having to tie up all your own cash. It is wise to begin your journey using the research, experience and wisdom of those who have been there before you. The beauty of a franchise is that it provides a proven business model with years of experience behind it. As far afield as real estate investing may be from starting a McDonalds, the principle is the same. If you can find a real estate investment teaching program that eliminates much of the trial and error and allows you to get a quick start with a proven system, you've just found your own golden arches. True success is bigger than any one person, no matter how well educated or experienced that person may be. There is no reason to settle for anything less. Once again, to quote the king of real estate: "If you're going to be thinking anything, you might as well think big." Sound advice to anyone who wants to become a millionaire. p.s. Don't forget to check out my one of a kind business system for real estate investing. I am the only expert teaching you how to use business lines of credit to invest in real estate instead of cash! Thanks, Tom is a full time real estate investor. He has purchased and sold over 5 million dollars worth of real estate in less than 2 years. Tom is an expert in using new business lines of credit instead of cash to buy real estate. There is no one else teaching anything like this SYSTEM of real estate investing!
|
RELATED ARTICLES
How to Research and Purchase a Good Investment Property How much do you really know about investment property? Accurate research and professional expertise applied to the purchase of an investment property builds a solid foundation for financial success. You may want to work with a REALTOR who can help to identify the great opportunities in investment properties in the area of your choice. Or, you may choose to do the work on your own. A REALTOR can provide the inside line on properties with potential in the geographic area where you are looking for property. If you do choose to work with a REALTOR, you will save time, and you may have more choices and opportunities. 5 Secrets for Surviving a Real Estate Market Downturn History repeatedly serves to show us that the real estate market is cyclical. It has boom times and stagnant times, occasionally it suffers a crash but real estate never becomes worthless, therefore if the experts are right and we're about to suffer a slow to stagnant period in the real estate market, all is not lost! If You Cant Afford to Retire...Move According to Warren Bland, PhD, an award-winning author and geographer at Cal State, people have a great option. It's called "equity-take" that is, the difference in cost of comparable housing between your present community and the more affordable one to which you could move. So, if you are willing to make that move, you can pocket a good chunk of money instead of delaying your retirement. New Home Construction - The American Dream or The American Nightmare? Buying a new home is suppose to be the American Dream. Unfortunately, for many buyers of newly constructed homes it becomes the American Nightmare. Hiring a qualified third party home inspector can increase you chance of a hassle free home. Should You Accept A Full Purchase Offer For Your Note or Not? You could be facing a dilemma when considering payout options on selling your mortgage note! Protective Covenants ? Buying A Home In addition to zoning, some properties have covenants recorded at the courthouse that "run with the land." These "protective covenants" can put a serious pinch in your plans for a piece of property. Selling Houses: Design Psychology and Interior Colors Interior colors are vitally important to selling your home quickly, and for more money. But you must always take your target market and selling season into account, using Design Psychology techniques, when choosing the colors for the inside of your home. Real Estate Internet Marketing Is The Way To Go Real estate Internet marketing is a booming business, along with all other forms of Internet businesses. Now, it seems that very little can't be sold over the Internet. An estimated 20 million people shop online for things as diverse as airline tickets to vacation homes. Research firms estimate that online shopping exceeded $200 billion in 2003. They predict that the number of online shoppers could double in the coming years. With such huge numbers, it only makes sense to consider real estate Internet marketing. How to Become a Successful Real Estate Developer Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just read on? 7 Marketing Methods for Real Estate Coaches You shower, shampoo, dress your best, check to see if you have plenty of business cards, drive about an hour, introduce yourself by saying "Hi, I'm Mary and I'm a coach" and the other person says, "Hi, I'm Jack and I'm a coach, too!". You meet more coaches than you knew existed. How do you get business when you are surrounded by what may be perceived as your competition? Why Should Sellers Be Absent During Showings? If only there were a way to sell your home without letting all those people come through. Unfortunately, the reality is that homes must be shown in order to be sold. Also, few buyers commit to purchasing a home without first spending some time there. Some buyers need to spend a lot of time in a home before they decide to buy it. Commercial Real Estate: Assessing The Unique Features Of Commercial Real Estate Parcels As commercial real estate development progresses into the 21st century, many of the principles upon which the market was founded remain the same. Whether you are a property owner, developer, or commercial real estate agent, identifying and marketing the unique features of your commercial property will maximize the attractiveness of the site to prospective buyers or tenants. Property for Sale in Piemonte Italy is Attracting British Interest The Region has four distinct seasons but in general possesses a Mediterranean feel strongly influenced by the proximity of the Mediterranean Sea. Winters are short and cold (the snow and mountains providing spectacular scenery for the region's ski resorts). Spring and autumn are long and warm while the summer is hot and dry. Real Estate Tax Incentives Lower Your Taxes Secrets of Making Money from Real Estate - Part 3 Great, now how do I actually INVEST in real estate? California Home Seller Disclosure Duties Property Condition - Seller's What to Expect During the Inspection ProcessThe Transfer Disclosure Statement (T.D.S.) ? Perhaps the most important paper you will complete when selling your home Real Estate Investing - Basis Explained Our complex IRS code requires that your, as a real estate investor,accurately calculate your "basis" in investment property when reportinga gain or loss on a tax return. Buying a House in Scotland Buying a house in Scotland is slightly different from buying a house in other parts of the UK. It's not particularly complicated, and buying north of the border can often be quicker, but for those relocating from England and Wales there are a number of points you need to bear in mind. Saving for a Home So you want to buy a home? This is a big step for anyone, and there are many factors to consider, not the least of these is how to get the money for a home. Sure there are loans available for home purchase, but you must have cash on hand to cover expenses such as fees and closing costs that might not be able to be covered by a loan. Ten Creative Financing Techniques Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn't if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real estate. Here are ten methods to get you thinking. |
© Athifea Distribution LLC - 2013 |