Emulate Successful Strategies For Making Money
Donald Trump changed into a multimillionaire in real estate by making a series of extraordinarily creative and successful investments in N.
Y city properties.
He's now the largest property developer in N.
Y and is widely acknowledged to be one of the most brilliant real estate investing minds anywhere.
For instance, in the early 1980s, with the building of Trump Tower on fifth Avenue, he singlehandedly made the market for high-end luxury places in N.
Y town.
He continued with a succession of successes and in 2003, 9 of the 10 highest selling apartments were in Trump buildings, flats that sold for millions of greenbacks each.
What can the small property investor learn from a multimillionaire developer like Trump? After advising Trump on lots of his biggest investments over 25 years, I'm certain that small investors can successfully use many of the same beliefs that earn him millions.
It is not the size of your property investment project that counts.
Whether you are investing in a single family rental, a four-unitrental, or a multi million-dollar office building makes no difference to the finance success of your own project, what's significant are the estate investing strategies used to acquire and develop the property, and how you design and market the property to consumers or renters.
Surprisingly, Trump used little of his very own money in this transaction, yet later sold his half interest to Hyatt for $85 million.
This chapter will explain how these 5 key personal qualities helped Trump make the Commodore-Hyatt deal work, and how little stockholders can use these same qualities in their own real estate investments to arrange more interesting deals, sell properties for more cash, and seriously improve property profits.
While not everyone can use the strategies trump used in the exact same way, they can at least learn from his principles.
You do not always have to have a lot of capital to make a good investment.
Many people find that by buying an expensive piece of land they cannot get fair value from it.
They also run into other problems such as the fact that there are only a certain number of people who can afford a top of the line piece of real estate.
On one hand, this makes a huge problem because it limits the maximum profits they can earn from the sale of the land.
On the other hand, at least the property has value and over time might be able to sell.
Either way, you have to think that cheap investments may be the best option; especially if you can get a lot of them.
Think about it this way: If you invest in a cheap piece of land and it doesn't work out; what are you out? The loss is minimal.
However, if your investment does work out and turns out to be really good, the gains can be anywhere from minimal to exponentially large.
This could play in to your favor greatly.
What would Trump be out if the cheap hotel he purchased never materialized? Not much.
However, it became the Hyatt and made him a billionaire.
Its the small investments that work out the best.
Low risk, high reward.
Thats the type of investments you want to make.
Just like Trump.
Y city properties.
He's now the largest property developer in N.
Y and is widely acknowledged to be one of the most brilliant real estate investing minds anywhere.
For instance, in the early 1980s, with the building of Trump Tower on fifth Avenue, he singlehandedly made the market for high-end luxury places in N.
Y town.
He continued with a succession of successes and in 2003, 9 of the 10 highest selling apartments were in Trump buildings, flats that sold for millions of greenbacks each.
What can the small property investor learn from a multimillionaire developer like Trump? After advising Trump on lots of his biggest investments over 25 years, I'm certain that small investors can successfully use many of the same beliefs that earn him millions.
It is not the size of your property investment project that counts.
Whether you are investing in a single family rental, a four-unitrental, or a multi million-dollar office building makes no difference to the finance success of your own project, what's significant are the estate investing strategies used to acquire and develop the property, and how you design and market the property to consumers or renters.
Surprisingly, Trump used little of his very own money in this transaction, yet later sold his half interest to Hyatt for $85 million.
This chapter will explain how these 5 key personal qualities helped Trump make the Commodore-Hyatt deal work, and how little stockholders can use these same qualities in their own real estate investments to arrange more interesting deals, sell properties for more cash, and seriously improve property profits.
While not everyone can use the strategies trump used in the exact same way, they can at least learn from his principles.
You do not always have to have a lot of capital to make a good investment.
Many people find that by buying an expensive piece of land they cannot get fair value from it.
They also run into other problems such as the fact that there are only a certain number of people who can afford a top of the line piece of real estate.
On one hand, this makes a huge problem because it limits the maximum profits they can earn from the sale of the land.
On the other hand, at least the property has value and over time might be able to sell.
Either way, you have to think that cheap investments may be the best option; especially if you can get a lot of them.
Think about it this way: If you invest in a cheap piece of land and it doesn't work out; what are you out? The loss is minimal.
However, if your investment does work out and turns out to be really good, the gains can be anywhere from minimal to exponentially large.
This could play in to your favor greatly.
What would Trump be out if the cheap hotel he purchased never materialized? Not much.
However, it became the Hyatt and made him a billionaire.
Its the small investments that work out the best.
Low risk, high reward.
Thats the type of investments you want to make.
Just like Trump.
