Quotes About Investment

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.

you are in it for the long term, look for areas that have not yet peaked but have great upward potential.

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

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

Entrepreneurs need to work 24/7 during the start-up phase, often working for free for months and even years. It's the number of hours worked for free that defines entrepreneurs and separates them from employees. The number of hours working or practicing for free also determines the level of success you will have in anything. For example, professional golfers invest years in study and practice before they get paid—if they get paid.

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.

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.

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.

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.

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.

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.

you make your money in real estate when you buy it, not when you sell it.

Relationships matter. They matter as much as exercise and nutrition. And not all relationships help us reach our goals. God doesn't give us crying, pooping children because he wants to advance our careers. He gives them to us for the same reason he confused language at the Tower of Babel, to create chaos and deter us from investing too much energy in the gluttonous idols of self-absorption.

El plan crea claridad Los planes pueden adoptar las formas más variadas, pero todo plan eficaz hace una de estas dos cosas: o bien clarifica cómo puede alguien hacer negocios con nosotros, o bien elimina la sensación de riesgo que pueda experimentar alguien al considerar si invierte en nuestros productos o servicios. ¿Te acuerdas del mantra «Si confundes, pierdes»?

Whether you work for yourself or work for a company, giving your customers or your boss an incredible return on their investment is the key to building your personal wealth.

Many companies confuse branding with marketing, and this confusion is costing them millions.

comes from Hollywood. When a screenwriter writes a film, she must also write a one-sentence description of the screenplay that makes investors want to take a risk on the story. After that story is turned into a full-length feature, that same one-liner is used to get you to go see the film.