Quotes from Donald J. Trump

point is that the real money isn't made in real estate by spending the top dollar to buy the best location. You can get killed doing that, just as you can get killed buying a bad location, even for a low price. What you should never do is pay too much, even if that means walking away from a very good site. Which is all a more sophisticated way of looking at location.

Good salesmanship is nothing more than maximizing the positive and minimizing the negative.

Real estate is a relationship business.

Reinvest and upgrade. Always upgrade your real estate inventory by buying something better after you sell, while reinvesting your earnings with 1031 Exchanges.

Make big thinking friends and meet them regularly for lunch or dinner to trade ideas, voice opinions, and share dreams and aspirations.

They're not after me, they're after you. I'm just in the way.

Investor looks for a good working environment such as a suburb or a smaller town. Investors generally outperform Sharks and Flippers over time.

Just as men often marry brunettes after years of dating only blondes, and end up strolling on Madison Avenue with the small white puppy they swore they would never have, buyers are liars.

Have you ever made money from your great idea?

If you ever have the chance to hear his "Think Big" talk, grab the opportunity.

Leverage: don't make deals without it.

Code Section 1031 lets taxpayers roll the gain from the sale of their old investment property over to their new investment property; therefore, they do not have to pay capital gains tax on the increase at that time. This is one of the tremendous advantages of owning real estate over owning stocks and bonds because there is no comparable code section for stocks and bonds.

No matter how tight your schedule or your clients' time, do your best to have face-to-face meetings. It is much easier to kill a "faceless deal." And above all, act honorably. That is what people remember.

Mark Twain was credited with saying, "The coldest winter I ever spent was a summer in San Francisco.

Equally important, John Schaub (author of Building Wealth One House at a Time [McGraw-Hill, 2004]) and Jack Miller taught me that single-family rental houses are the best investment for the average investor because houses are so easy to buy, finance, manage, and profitably sell.

I hate lawsuits and depositions, but the fact is that if you're right, you've got to take a stand, or people will walk all over you. In any case, there's no way I could avoid depositions, even if I never brought a lawsuit myself. Nowadays, if your name is Donald Trump, everyone in the world seems to want to sue you.

Bring me a Diet Coke.

Do what others are not doing, and you'll increase your profits tremendously. Go for preforeclosures. These are the true diamonds in the rough of residential investment real estate.

Ivana is almost as competitive as I am and she insists she's at a disadvantage with the Castle. She says she needs more suites. She isn't concerned that building the suites will cost $40 million. All she knows is that not having them is hurting her business and making it tougher for her to be number one. I'll say this much: I wouldn't bet against her. *

El sacrificio es el precio que se tiene que pagar para alcanzar el éxito. Por desgracia, no todo mundo está dispuesto a hacerlo porque, en general, resulta mucho más sencillo ser una persona común y corriente, y conservar la comodidad, tranquilidad y relativa seguridad de una vida mediocre.

Pitam se: Što još ne vidim? Što je još mogu?e? ponekad su odgovori inovativne ideje. To nije nužno neki tajni proces, ali jest proces i zahtijeva koncentraciju.

points worth repeating if you are intent on big success:

And you had people - and I'm not talking about the neo-Nazis and the white nationalists - because they should be condemned totally. But you had many people in that group other than neo-Nazis and white nationalists. Okay? And the press has treated them absolutely unfairly.

When people ask how they can start buying buildings or what a good strategy might entail, we always suggest that they pick a neighborhood where they would like to own property and get to know that neighborhood better than anyone else.