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Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies QUOTES

Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies QUOTES

1 " home buyers sometimes make the mistake of focusing on home acquisition as an investment and overlook quality-of-life factors such as proximity to schools, parks, extended family, and work—all of which are the aspects of daily life that make for a healthy, safe, and comfortable home. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

2 " How knowledgeable is the agent about the market? Ask where he sees interest rates going in the next six to twelve months. What does the supply of homes look like, and what will the future supply be? An educated agent will give his views and quote his sources about the future of the market. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

3 " Think location, location, location. It is always nice to have the best location, but in today’s world, the key is specialization, specialization, specialization. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

4 " Successful real estate investors profit significantly from experience. The bad experiences help you appreciate the good ones, and that process doesn’t happen overnight. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

5 " you never sell investment real estate; you trade it. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

6 " The amateurs usually do not have cash flow, which sets up a downfall, or “crash,” one sees in the cyclical real estate market. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

7 " the individual, there is no such thing as a good market or a bad market, only whether or not he or she has a good or a bad deal. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

8 " The rental income served as a dividend, so to speak, but even at an early age, I focused more on the home appreciation. I came to understand the tax advantages of home ownership, implications of depreciation, and the opportunity to use the homes as leverage in borrowing money. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

9 " To me, the long-term tax advantages and appreciation make real estate the best investment. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

10 " If you want to deal in foreclosures, auctions, and tough deals, you have to sit in court. Evaluate. Learn about how to buy cheaply and wisely. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

11 " The Shark and the Flipper need to have the ability to recognize the signs, interpret them correctly, and then act without hesitation. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

12 " Clients who pay close attention to details often make better decisions and come up with superior projects. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

13 " Real estate is all about wasting time. The more time you waste, the more money you make. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

14 " For investors, in addition to the standard adage of location, location, location, returns depend on having good timing, deep pockets, and sound financing relationships. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

15 " Good brokers are not all about making money. And even if they are, the best way for one to make money is to create an atmosphere of trust and reliability. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

16 " There is no substitute for due diligence. To this day, my father reads every lease our firm enters into. Before any building acquisition, every single lease must be reviewed. Yes, there are lawyers involved and that is technically their job, but he believes—and I do, too—that there is nothing like knowing the full story of a property, right down to the basic maintenance contracts. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

17 " 6. Buy something of equal or greater value. To avoid paying any tax at the time of the exchange, you have to buy property of equal or greater value and reinvest all of the cash. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

18 " The best advice he gave me was simply to be in the real estate market as an investor and to believe in the market. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

19 " The real profit is made when real estate is bought, not when it’s sold. You need to have a specific value creation strategy for each property, whether that value will be found in operating the real estate in an optimal fashion or whether renovation and/or repositioning can lead to a higher value. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

20 " Location undoubtedly helps drive value, but more than that, a supply-constrained area where people want to be helps lock in better returns during the ownership and long-term value. "

― Donald J. Trump , Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies