As President of Trump University, I meet often with our Chairman, Donald J. Trump. I never forget that just about every businessperson in the world would envy me that opportunity. Who wouldn’t want to sit down with Donald J. Trump to get his expert advice on building an enterprise?
This ... Views: 572
A real estate developer I know said something interesting to me last week.
“Virtually all the foreclosed properties out there are single-family homes or condos,” he said. “If you can find me more than a handful of foreclosed multi-unit properties, I’ll eat my shirt. It’s because people almost ... Views: 900
“I don’t just build to a market. I create the market. I deliver to my customers more than they expect.” - Donald J. Trump
The secret of marketing properties all comes down to three letters: MVP. If you make the property you have to sell into an MVP, you will sell it quickly and profitably.
So ... Views: 688
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***The Art of Negotiation - by Donald J. Trump, Trump University, The Official Guides to Real Estate
Power is the ability to convince people to accept your ideas. Negotiation is a form of convincing. Power is ability. Ability is the result of practice and application. Think about these things carefully and let them sink in. After you have, remember this one: If you have them by the balls, their ... Views: 779
How solvent is the community where you are planning to invest in real estate?
Some cities, counties, and states throughout the United States are incurring revenue shortfall. The results are usually the same: higher taxes and cutbacks in schools, libraries, street repairs, fire and police, and ... Views: 895
Most of the time, being innovative is simply putting together existing elements to create what appears to be new. I was touted as being innovative when I came up with the mixed use condominium and hotel tower, which I did with the Trump International Hotel & Tower in New York. Since then, the ... Views: 752
When people ask our Chairman Donald J. Trump to name the person who had the greatest influence on him, his answer is always the same. Mr. Trump always says that it was his father, Fred Trump, who offered him the greatest advice, encouragement and support. In other words, Fred Trump was a great ... Views: 838
Just 25 years ago, most homeowners optimistically counted off the years and months that would pass before they could pay off their home loans. Take out a second mortgage (as home equity loans were then called) - unthinkable! Only dire emergencies could force such imprudent borrowing. That’s why ... Views: 800
I tell my clients that there are 2 things that we can’t cost effectively change to make their property more desirable when trying to sell an investment property...location & floor plan. Everything else is fixable.
If you bought a property in an undesirable location and are trying to sell you ... Views: 672
Last month I was coaching about a hundred or so seasoned real estate agents on how to buy and sell pre-foreclosures. It occurred to me that for most, it was a mystery that the best deals are found before the bank forecloses rather than after. The reason this happens is that not only in today’s ... Views: 925
“I hate the feeling that foreclosure opportunities are slipping through my fingers daily,” a young real estate investor named Joanne told me lately. “A few years ago, I knew just where to go to locate promising foreclosed and pre-foreclosed properties. But with the current explosion in ... Views: 860
What’s happened to the economy has been likened to a tsunami as well as an implosion. When the undersea earthquake and subsequent tsunami hit in Indonesia in 2004, the world was stunned by the devastation that took place. It triggered earthquakes around the globe as far away as Alaska. It ... Views: 873
A first look between the covers of the soon-to-be-released book Trump University Wealth 101
Don’t make the all-too-common mistake, popularized in recent years, of thinking that your home is your best investment and that it will pay for your retirement. Your home may well be your biggest asset, ... Views: 889
In the eyes of many potential investors, owning rental properties entails too much hassle.
“I’d never invest in property,” some say. “Who wants to get called out at 2 a.m. to fix a stopped-up toilet?”
No doubt, if you self-manage real estate, you will get those unpleasant calls. You will put ... Views: 789
Since the late 1990s, sharp increases in property prices, along with a corresponding relative decline in cash flows and rental yields, have led the major media to persistently babble about real estate “bubbles.”
Taking a cue from these misguided journalistic missives, many people now believe ... Views: 765
Experience testifies to the low-risk nature of property investments. However, you shouldn’t naively interpret the words “low risk” to mean “no risk worth noticing.”
Tens of thousands of homebuyers and property investors, often speculators, have lost vast sums of money in real estate. And these ... Views: 727
When you’re buying foreclosed properties, you can throw away all the classic wisdom about real estate investing, right? It’s a whole new world with new rules.
No, wrong. The fundamental rules apply, only moreso. Let’s take a closer look.
Rule One: Foreclosure or not, location is still of prime ... Views: 721
Eye-opening financial wisdom from Trump University Asset Protection 101, the latest book from Trump University
Many of us spend more on taxes each year than on food, clothing, and shelter combined. Yet, amazingly, we really don’t know much about taxes.
If you’ve received a paycheck, you know ... Views: 816
An interview with business-planning guru Tim Berry
When Trump University was searching for the best business plan software to integrate into our Entrepreneurship Mastery Program, we found a blockbuster program in Business Plan Pro. Little did we know that it was the brainchild of a ... Views: 558
When I was researching my book Good Stress, Bad Stress, a man named Bill told me an interesting story. Only a few months earlier, he had been virtually paralyzed by fear. He had piled up tons of debt. He couldn’t pay the credit-card bills that rolled in every month. And to make it all worse, ... Views: 552
Last week Levitt & Sons, the homebuilder whose Levittown developments were the emblems of America's postwar economic boom, filed Chapter 11 bankruptcy for reorganization - and its fate as a continuing business remains in limbo. Here's how David Streifeld in the International Herald Tribune ... Views: 864
When most people hear the word negotiation, they usually picture stone-faced adversaries who glare at each other across a conference table and argue over every little point. That's not how I work. A better example is how I went about buying 40 Wall Street.
I was interested in acquiring 40 ... Views: 829
As we roll into 2008, it’s time to get your business plan written. As I discussed recently on the Trump Blog, I am the developer of a new approach to the process that I call "plan-as-you-go" business planning. Today, I’d like to explain it in a little more detail. For convenience, let's call it ... Views: 568
THIS ONE IS BIG!!!! Fail to plan, plan to fail. It is as simple as that.
And by plan, I don’t mean have some idea in your head about your business or your career. When I say plan, I mean have a REAL plan. A written plan . . . that you work on frequently.
People always ask me how to get ... Views: 680
The good news is, you made money in 2007. Hopefully, a lot of it.
But do you understand that not all the dollars you earned are the same in the eyes of the IRS? Until you define the kind of income each of those dollars represents to the tax collector, you stand little chance of minimizing the ... Views: 573
If you have read my articles in Inside Trump Tower and on the Trump Blog, you already know that I am Trump University’s expert on buying businesses. But that’s not all. I am also America’s biggest champion for the idea that buying a business, not starting one, offers the speediest and surest ... Views: 658
Robin is a cosmetologist and massage therapist who recently began investing in real estate in hopes of supplementing her income. Robin is enjoying a comfortable lifestyle from her full-time job, but is basically a sole proprietor who leases space from a salon owner. Additionally, as a sole ... Views: 667
When we hear that somebody has a habit, we immediately think that he or she smokes, or drinks too much, or is a compulsive gambler. I wonder why the word “habit” has taken on a negative meaning today.
Some habits are truly negative, but there are good habits too. If your mom makes an entry in ... Views: 754
There are very few business opportunities that allow you to build wealth without paying taxes - and then subsequently pay reduced rates when the time comes to settle up with Uncle Sam.
Real estate, however, is a prime exception. Today I will focus on two strategies that can slash the taxes you ... Views: 889
I understand that this is the “Spring Cleaning” issue of Inside Trump Tower - all about making a new start.
And what better way is there to make a fresh start than to buy a business? Here’s my advice to you. Think about these seven reasons why buying a business is better than starting a new ... Views: 980
Through my practice of law in the fields of asset protection, tax reduction, and estate planning, one of the most common characteristics that I've observed among my wealthier clients is that they rarely pour all of their entrepreneurial energy into just one type of business. While I've worked ... Views: 1416
If you've heard me speak, you may have noticed I emphasize several things repeatedly - never give up is one, being passionate is another, keeping focused is up there, and keeping your momentum runs a close fourth. I've learned those things from experience.
Here's the complete top 10 list I give ... Views: 638
“On this April Fool’s day, vow never to become the fool.” - Gary Eldred, PhD
Although I love real estate and believe it offers most people their best opportunity to become wealthy, no one should assume that every great-sounding offer actually represents a great deal. In fact, investors are ... Views: 985
"I went to a foreclosure auction the other day," said a woman who called our offices last week. "And do you know what? There was no point in bidding on any of the houses, because they were the same ones that I had already seen on realtors’ Websites and in newspapers. Other people didn't seem to ... Views: 1023
Since September 11, 2001, the Trump Organization has always had an annual memorial of some sort. The first year, we forfeited our annual Trump Organization Christmas party in order to give the funds that would normally be used for that event to charity. All of us felt it was the right thing to ... Views: 1141
Want success on your own terms? Consider this unique path to success.
When prospective students call Trump University to inquire about our classes in entrepreneurship, our admissions counselors always ask, “What kind of business do you have in mind?”
Most often, the replies are like these:
... Views: 823
Many people are surprised to learn that a retirement plan such as an IRA or 401(k) has the flexibility to own real estate. If you're one of those people, don't feel bad. You're certainly not alone!
Currently, more than 90 percent of all retirement plans hold nothing but “traditional” assets ... Views: 876
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Create Your Own Luck - by Donald J. Trump, Trump University, The Official Guides to Real Estate
“Luck is when opportunity meets preparedness.”
I don’t know who made that statement. But whoever said it, I agree.
I've often heard people talking about how so-and-so is so lucky (as if to emphasize that they themselves are not lucky). I think what's really happening is the complainers aren't ... Views: 762
The Power of Section 8 Housing
How would you like to own rental property where all or most of the monthly rent comes to you by check from the government? If that idea appeals to you, welcome to Section 8 housing!
Section 8 is a program setup by the U.S. Department of Housing and Urban ... Views: 2546
It’s Based on Cash Flow, not Comps
If you’ve ever bought a house, you know how it works. The value of the house is almost always based on comparable sales. Comparable sales--or “comps,” as they are called--are homes similar in location, square footage, number of bedrooms and bathrooms, lot ... Views: 1146
Donald J. Trump is the greatest real estate developer in history. But he is the first person to admit that he needed a great team behind him - great advisors, great attorneys, great accountants, and more. Yes, Mr. Trump is a man of formidable abilities. But even he couldn't go it alone.
If you ... Views: 824
I learned a lot from my father, Fred Trump. I learned about competence and efficiency. One of the best pieces of advice he ever gave me was his favorite formula for success. I call it Fred Trump’s Four-Step Formula for Getting Things Done. The four steps are: "Get in, get it done, get it done ... Views: 1506
Arizona's housing crisis was deepening. Homeowners were losing their houses. But that got Kevin Andrews thinking. Andrews, a Trump University real estate student, started to wonder whether he could help homeowners and help himself at the same time. And then he hit on a way.
Kevin heard about a ... Views: 1159