Quotes About Real estate

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

you never sell investment real estate; you trade it.

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

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

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

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

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.

you want to build wealth and create financial freedom, you can't just sell real estate; you need to invest in it personally.

There is never a wrong time to buy real estate. When times are good, people complain about the deals they have missed. When times are bad, they claim they can't buy at the top thinking that prices will fall and, therefore, it's not a good investment.

Decide early on if it's a short- or long-term play. Speculators can make money by buying in new condo developments very early and then flipping the units at the first opportunity for a quick profit.

Real estate is still a local business because the real estate is local, and the company whose

recognizable and memorable will almost always have the first opportunity when a seller or a buyer is ready to talk about real estate needs.

When I sold the house years later, it was the best return on investment I ever experienced.

Ask prospective agents to explain step-by-step how they are going to negotiate the highest price for the home—from receipt of the offer to counteroffers until acceptance.

Real estate auctions offer benefits to real estate investors, whether they are buying or selling.

The first was How I Turned $1,000 into a Million in Real Estate—in My Spare Time by William Nickerson, a paperback book I bought in a Sydney, Australia, hotel gift shop in 1963.

You looked at all the houses in your price range currently on the market, and you made your buying decision. Make sure the agent's pricing strategy is based on what buyers are going to compare your home to, including new construction, because it is competing for your buyer also.

Buying and holding real estate can create bigger long-term gains.

When you are purchasing real estate, the three most important rules remain: location, location, location.

At the college level, The Rich Dad Company has created curricula for two college courses: Rich Dad's CASHFLOW Personal Finance Course and Rich Dad's Real Estate Investing.

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.

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.

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.