Donald Trump on Real Estate Investing
By Thomas Kish
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,
Tom Kish
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
Staff Writer
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!
About
Thomas Kish
Now
a full time real estate investor, Tom has bought and sold over
5 Million Dollars worth of real estate in less than 2 years.
Tom
is a bona fide 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!
Learn
more at CashFlowExperts