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

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

by Donald J. Trump
     
 

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Donald Trump has gathered in one book the best advice on real estate from the brightest and most experienced people…

“Don’t try to take the last penny off the table; make sure that the people who buy from you also make money. If not, they won’t buy from you again.” –Michael Shvo, Founder of the Shvo Group and “the most

Overview

Donald Trump has gathered in one book the best advice on real estate from the brightest and most experienced people…

“Don’t try to take the last penny off the table; make sure that the people who buy from you also make money. If not, they won’t buy from you again.” –Michael Shvo, Founder of the Shvo Group and “the most successful young real estate broker in New York”

“Mom said, ‘If you don’t have big breasts, put ribbons in your pigtails.’ Good salesmanship is nothing more than maximizing the positive and minimizing the negative. Although your competition might offer something you can’t match, that doesn’t matter. What matters is that you identify and play up what you’ve got.” –Barbara Corcoran, Founder of the Corcoran Group, New York City’s leading real estate company

“Real estate can be so much fun you almost feel guilty earning money at it!” –Monda Bassil, President of Prestigious Properties of New York

“When you sell real estate, pay tax only if you want, when you want, and in the amount you decide.” –Gary Gorman, Founder of 1031 Exchange Experts, LLC, and author of Exchanging UP!

“Whether it is a real estate deal or any other venture, the key is to find something you enjoy doing, and then do it better than anyone else—because success comes easier to people who follow their passion.” –Donald Trump, J r., Executive Vice President of Development and Acquisitions for The Trump Organization

Product Details

ISBN-13:
9781401602550
Publisher:
Nelson, Thomas, Inc.
Publication date:
11/07/2006
Pages:
288
Product dimensions:
5.20(w) x 7.60(h) x 1.10(d)

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Read an Excerpt

TRUMP THE BEST REAL ESTATE ADVICE I EVER RECEIVED

100 TOP EXPERTS SHARE THEIR STRATEGIES
By DONALD J. TRUMP

RUTLEDGE HILL PRESS

Copyright © 2007 Donald J. Trump
All right reserved.

ISBN: 978-1-40160-255-0


Chapter One

BUY WHERE THE WEALTHY LIKE TO PLAY

ARTHUR L. ALLEN Arthur L. Allen is founder, president, and CEO of Allen Systems Group, Inc. (ASG).

Computer software has been my focus, my passion, and my life since I began working as a systems analyst nearly forty years ago. But one of my most profitable decisions, and one in which I take great satisfaction today, is my decision to act on a friend's real estate advice.

Regardless of downturns in the economy or slumps in the technology markets, my real estate investments in Naples, Florida, have flourished. I will always be grateful that I acted on my friend's advice, and kept investing over the years. If I were to generalize about this real estate advice and why it turned out to be so successful, I would say, buy real estate where the wealthy like to play.

When I moved to Naples in the seventies, this Gulf Coast community in southwest Florida was already a popular winter-residence community for many of the country's most affluent families. I certainly recognized the importance of Naples's climate, and few places matched its natural beauty. I did not think much about real estate investments, however, until my friend gave me this advice: "Buy all the real estate you can in Naples. It's a unique place, and you will make a lot of money investing in property here." At that time I started thinking about Naples real estate in other ways than just being a great location for my software company.

I knew the history of this part of Florida and that it attracted many wealthy people. Some of its early residents included such notable figures as Thomas Edison, Henry Ford, Harvey Firestone, Greta Garbo, Gary Cooper, and Barron G. Collier.

In the fall of 1975 I bought my first home in Naples, and I have been buying and selling real estate here since then. I have made many millions by following this advice. I paid $875,000 for that first property, and it is now valued at well over $14 million.

Even though my business now has fifty offices worldwide, I still have my company headquarters in Naples, Florida. Naples has grown many times over since I bought my first property, and it still attracts affluent individuals escaping from the cold winters of the North. People come here for many reasons-to play golf or tennis, to enjoy their pleasure yachts, and to retire. More than two hundred current or former Fortune 500 CEOs have homes here, as well as such celebrities as Larry Bird, Mike Ditka, Greg Norman, Mary Carillo, and many, many others.

(Continues...)



Excerpted from TRUMP THE BEST REAL ESTATE ADVICE I EVER RECEIVED by DONALD J. TRUMP Copyright © 2007 by Donald J. Trump. Excerpted by permission.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.

Meet the Author

Donald J. Trump is the very definition of the American success story, with interests in real estate, gaming, sports, and entertainment. He also owns a magazine, an online university, an online travel agency, and has a radio program and the hit television series, The Apprentice. In partnership with NBC Television Network, he owns the Miss Universe, Miss USA and Miss Teen USA Pageants. All seven of his books have become bestsellers.

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