2. Let’s leave the politics aside & dig in to the President-
elect’s real estate investing tips and successful practices
instead
The United States is getting ready to swear-in Donald J. Trump, business mogul
and quasi-celebrity, as their 45th President. The unexpected election results
have triggered huge amounts of controversy and anger across the nation (and
the world beyond) for many. However, no matter which side of the support line
anyone falls on, there is one thing all agree on - Mr. Trump earned his mogul
status as a result of real estate investments.
3. Look for the
“diamonds in
the rough” and
go after the
foreclosures.
“Assuming you want to build a Trump-
sized empire from scratch in the real
estate sector, you have to start
somewhere. ‘In today's market, the
future mogul can start with small deals
as there are a ton of foreclosures to be
had today at massive discounts,’ says
Mike Chadwick of Chadwick Investment
Advisors in Unionville, Connecticut. ‘If
you can see through the clouds and buy
the right ones, stabilize or repair them
and then either rent or sell them off in
time you'll begin the empire-building
process.’” ①
4. Find a mentor to help guide your path.
“Fred Trump was an incredibly successful New York real estate investor, and he had Donald managing
his first multimillion-dollar deal while still in college. Having a great real estate mentor to learn from
and help you along the way will save you a lot of time and trouble.” ②
“Just as Donald Trump had starting out, you need a great mentor with a proven track record to lead
the way and support your efforts… also a proven business system that allows you to invest in all types
of real estate without ever having to tie up all your own cash. It is wise to begin your journey using the
research, experience and wisdom of those who have been there before you.” ③
5. Be prepared for
hard work and
embrace long
hours.
That never-rest mentality will give
you a leg up on the competition.
“Donald reports that he works
seven days a week, putting in at
least ten hours a day. He even
claims to only sleep four hours a
day so that he can keep an edge
over his competitors.” ④
6. Forge your own
path.
You can’t truly reach the potential of
your success if you continually follow
the same path as everyone else. You
need to have the smarts and the
courage (in equal measure) to go after
things that others are unwilling to touch.
“If you review all the key real estate
moves he’s made in his career, the
majority of them came at a time when it
was not popular to make such moves. In
other words, Donald Trump zigged while
everyone else zagged. He invested in
depressed markets that other people
were too afraid to even consider. He
moves counter to the herd mentality.” ⑤
7. Just keep
swimming.
There will be bumps and twists and
turns all along your path toward real
estate investing success, but keep
your head down and keep going!
“Donald Trump never gives up. No
matter how many times someone
tells him no, he only takes that to
mean that he is that much closer to
a yes. If he didn’t possess such
persistence, he wouldn’t have
achieved such success. The highly
complex deals he pulled together in
New York City took many years and
countless hours to accomplish.” ⑥
8. Your turn...
No matter which side of the political fence you fall on, we
can all agree that these practical tips and practices will go a
long way toward helping anyone become a successful real
estate investor. Are you familiar with any other Trump tips
you’d recommend?