Dan Auito
04-02-2005, 04:27 AM
Well sort of :SM113: Here is what the Donald has to say about real estate investing! :thumbup:
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.
Thanks for being here everyone! Dan
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.
Thanks for being here everyone! Dan