Reading books is something that I am really passionate about. Part of my real estate book collections are Think Rich Pinoy by Larry Gamboa and of course Think Rich Quick by my mentor Sir Trace Trajano.
Just a couple of days, I also bought this book entitled "Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies".
This book is a great compilation of real estate advice. You don't only learn from Trump the Guru but also from his list of advisers through this book. Donald J. Trump asked 100 of the world's most successful real estate developers to share the strategies that have worked best for them. Their answers are presented in essay-style. In this book also features advice from real estate industry giants Jonathan Tisch, Leonard Lauder, Larry Silverstein, and Stephen Leopold. It's always important to learn from people at the top. Learn strategies that can be applied to your own real estate investing, especially in an uncertain real estate market.
By the way, if you don't know Donald Trump, he is a billionaire real estate mogul and star of The Apprentice. If you're looking for a "how-to" manual to walk you through the process of building your own real estate business, well I should say that this book is probably not for you, the contents are more inspirational than instructional.
I am not finished with the book yet but allow me to share you some of the great advices from the book. I can't enumerate all that 100, instead I wanna share you some of my top picks. Here they are:
- Don't Be Afraid To Invest Time
- Buy The Best
- Focus On Results
- Always Do The Very Best You Can
- Maintain your Integrity; Be Patient; Do Your Due Diligence; Depend on Local People
- Choose a Good Partner
- Choose a Trustworthy Partner
- Don't Just Follow the Crowd
- Make the Most of the Internet
- Treat people with Respect
- Make Integrity Your Reputation
- Pay Attention to Details
- Always Negotiate
- Never Show Emotion; Be patient; Work Hard; and Create Volume
- Work to Get a Good Deal
- Pick the Area of Specialization
- You Make Money When You Buy, Not When You Sell
- Find a Need and then Fill It
- Control the Inventory
- Never Be Greedy
- Never Underestimate Your Clients
- Assess Your Risks
- Remember that Real Estate is a Cyclical Business
- Be Objective; Be Realistic; Always Leave Something on the Table
- Stop Talking and Get It Done
- Don't Let the market Control You, Try to Control the Market
- Know Your Marketplace
- Work hard and Follow Through
- Commit yourself to Winning
- There's No Substitute for Passion
- Build Your Reputation Carefully
- Have Fun as You're Profiting
- Know your Exit Strategy Before Buying
- Deal when You Need to Deal
- Buy Low Sell High, and Don't Be Greedy
Again, these are some of the advice from the Real Estate Experts. You will be in good track if you have a lot of mentors or adviser like them.
I also suggest you to become one of the student of Sir Trace or become part of the Local Coaching Program, or of course attend on the upcoming TRQ 2.0 on October 23-24.
Stay Visible.
Now, Start Being Remarkable,
Red (Member: http://bit.ly/TheTrulyRich_Club)
PS. For more details and learnings about Real Estate Investing, you can always visit Sir Trace Trajano's blog at http://tracetrajano.blogspot.com
PPS. Again, watch out for the anticipated TRQ 2.0 Seminar. Details will be announced soon.
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