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100 Top Experts Share Their Strategies

INTRODUCTION


I've wanted to write this book for years.


Anyone who's observed my career is aware of my real estate strategies. while very successful, my real estate business doesn't cover everything that's happening in real estate. What I know, I know well, but I don't have a monopoly on good ideas and real estate wisdom. I can't know everything. As Susan Penzer points out, underlying my success in my "ability to gather the best information from the brightest people in real estate. They share their experience, the lessons they've learned from others and the lessons they've learned from the mistakes they have made and almost made.


"the Best Real Estate Advice I Ever Received is sage wisdom garnered from one hundred leaders in the field of real estate-the kind of information and wisdom you can get only from a lifetime of experience.


In this book, you'll find tremendous insight based on positive experience and lessons learned the hard way by real estate moguls from around the country. These men and women tell you what they have learned.


Taken from the introduction page for


The Best Real Estate Advice I Ever Received


by Donald J. Trump


RUTLEDGE HILL PRESS


CHAPTER


1 Arthur L. Allen, CEO Allen Systems Group


BUY WHERE THE WEALTHY LIKE TO PLAY


2 Adina Azarian State of New York RE Board


DON'T BE AFRAID TO INVEST TIME


3 Roger Barnett CEO Shaklee | Founder Beauty.com


BUY THE BEST


4 Thomas J. Barrack Jr. CEO Colony Capital


FOCUS ON RESULTS


5 Monda Bassil President, Prestigious Properties, NY


LISTEN TO YOUR CLIENT'S NEEDS


6 Douglas Baumwall Collins & Collins Investments


TARGET GROWTH AREAS, AND TRY NOT TO SELL WHAT YOU OWN


7 John Bearden President & CEO GMAC


WORK WITH PROFESSIONALS YOU TRUST


8 Frank G. Binswanger Jr. Chairman Binswanger Company


ALWAYS DO THE VERY BEST YOU CAN


9 Steve Bollenbach President and CEO Hilton Hotels


FOCUS ON LOCATION AND EXECUTION


10 Robert Boykin CEO Boykin Lodging


DEVELOP IN AN AREA WHERE GROWTH IS COMING


11 David Brause President Brause Realty


MAINTAIN YOUR INTEGRITY; BE PATIENT; DO YOUR DUE


DILIGENCE DEPEND ON LOCAL PEOPLE


12 John Brown COO Express Auction


REAL ESTATE AUCTIONS OFFER BENEFITS TO INVESTORS,


WHETHER THEY ARE BUYING OR SELLING 23


13 Robert J. Bruss, Author, California Real Estate Law


INVEST IN SINGLE FAMILY HOUSES


14 M. Anthony Carr, Author, Real Estate Investing Made


Simple


A COMMONSENSE APPROACH TO FORECLOSURE PROPERTIES


15 Rich Casto, Columnist for Realty Times, Broker Agent


Magazine


CHOOSE A REAL ESTATE AGENT WISELY


16. Phoebe Chongchua, Guiltinan Group, San Diego, California


FIVE PRINCIPALS TO SUCCESS`


17. Frank Cook, Author "21 Things I Wish My Broker Had


Me"


LISTEN TO YOUR TELEVISION


18. Barbara Corcoran, Founder, Corcoran Group, New York


WORK WITH WHAT YOU'VE GOT


19. Richard Courtney THE FIRST OFFER IS USUALLY THE BEST


20. Lester Crown CHOOSE A GOOD PARTNER


21. Gil Dezer ADD VALUE TO YOUR REAL ESTATE INVENTORY


22. Thomas E. Dobrowski CHOOSE A TRUSTWORTHY PARTNER


23. Crosby Doe SUCCESS IN REAL ESTATE COMES THROUGH HARD WORK AND DIRECT SALES CONTACTS


24. Marc Ellman APPROACH THE BUSINESS WITH CANDOR AND FORTHRIGHT DEALING


25. Blanche Evans DON'T FOLLOW THE CROWD


26. Michael Fascitelli EMPHASIZE QUALITY AND BRANDING


27. Debbie Ferrari MAKE THE MOST OF THE INTERNET


28. Robert L. Freedman AIM HIGH AND TRUST YOUR INSTINCTS


29. Doug Frye EMBRACE CHANGE


30. D. Kent Gale TREAT PEOPLE WITH RESPECT


31. Stanley C. Gale MAKE INTEGRITY YOUR REPUTATION


32. Jim Gillespie NEVER SELL INVESTMENT REAL ESTATE; TRADE IT


33. Lewis M. Goodkin PAY ATTENTION TO DETAILS


34. Gary Gorman MANAGE YOUR TAX PAYMENTS


35. George E. Grace ALWAYS NEGOTIATE


36. Harvey E. Green BELIEVE IN THE MARKET


37. Jeffrey Gural ALWAYS HONOR YOUR DEALS


38. Andrew Heiberger TODAY'S RENTER IS TOMORROW'S BUYER


39. Dorothy Herman OPPORTUNITIES ALWAYS EXIST


40. Thomas J. Hutchison III


41. Thomas J. Hynes Jr GET INTO THE COMMERCIAL REAL ESTATE BUSINESS


42. Erez Itzhaki NEVER SHOW EMOTION; BE PATIENT; WORK HARD; AND CREATE VOLUME


43. Charles Jacobus KNOW WHEN TO ANTICIPATE OPPORTUNITIES


44. Ozzie Jurock WORK TO GET A GOOD DEAL


45. Bruce Karatz TAKE CAREFUL RISKS AND HAVE FUN


46. Craig King CAPTURE THE BUYER'S IMAGINATION


47. Michele Kleier PROTECT YOUR CLIENTS


48. Robert A. Knakal PICK AN AREA OF SPECIALIZATION


49. Tom Kunz YOU MAKE YOUR MONEY WHEN YOU BUY REAL ESTATE, NOT WHEN YOU SELL IT


50. Leonard Lauder LEAVE YOUR EMOTIONS AT HOME


51. Stephen Leopold FIND A NEED AND FILL IT


52. Pamela Liebman CAREFULLY CONSIDER GROWTH POTENTIAL


53. Dave Liniger CONTROL THE INVENTORY


54. Terry J. Lundgren THINK AHEAD AND BELIEVE IN YOURSELF


55. John J. Mack NEVER BE GREEDY


56. Harry Macklowe LISTEN TO YOURSELF


57. Bernie Marcus GO WITH YOUR GUT


58. Elias Masri NEVERCLIENTS


59. Richard Meier CHOOSE EXCELLENT DESIGN-AND GOOD PLACEMENT


60. Daniel F. Miranda MANAGE YOUR RISKS AND MAXIMIZE YOUR RETURN ON INVESTMENT


61. Kim Mogull MY FAVORITE "KIM-ISMS"


62. Bruce E. Mosler GO WHERE YOU'RE NEEDED


63. David Mossler THINK LOCATION-AND HONESTY..........................


64. Terri Murphy BUY-AND WAIT...


65. Joshua L. Muss ASSESS YOUR RISKS............................


66. Enrique Norten SEEK OUT GOOD ARCHITECTURE.....................


67. Elan Padeh REMEMBER THAT REAL ESTATE IS A CYCLICAL BUSINESS.......................


68. John M. Peckham III IN THE FUTURE, EVERYTHING WILL BE VERY SMALL AND VERY FAST!.


69. Susan Penzner KNOWLEDGE, ENTHUSIASM, INTEGRITY, AND HARD WORK.......................................................195


70. Jorge Perez BE OBJECTIVE; BE REALISTIC; ALWAYS LEAVE SOMETHING ON THE TABL


71. David Picerne STOP TALKING AND GET IT DONE!................................


72. Robin E. Prescod DON'T LET THE MARKET CONTROL YOU....................


73. Bill Rancic LEARN TO RECOGNIZE VALUE........................203


74. Henry Robbins BUY LAND AND BANK IT, BUT DO YOUR HOMEWORK FIRST........


75. Phil Ruffin EIGHT RULES OF REAL ESTATE SUCCESS...............


76. Peter Sabesan SOLID SALESMANSHIP, AN ENTREPRENEURIAL SPIRIT, AND YEARS OF EXPERIENCE


77. Henry Savage NEVER LOSE PATIENCE.............................


78. Ronda Savoy KEEP AN UPBEAT ATTITUDE.................................................................................214


79. Stephen Shapiro THREE STEPS TO HAPPY CLIENTS........................................................................216


80. Michael Shvo SEVEN STEPS TO SUCCESS.............................


81. Larry Silverstein PROCEED WITH PASSION-AND INTEGRITY!............


82. Rand Sperry TAKE A PROFIT AND MOVE ON....................


83. Norman Sturner KNOW YOUR MARKETPLACE


84. Robert E. Sulentic WORK HARD AND FOLLOW THROUGH...............


85. Stefan Swanepoel COMMIT YOURSELF TO WINNING................


86. Emily Tannen DON'T JUDGE A BOOK BY ITS COVER...............................


87. Robert S. Taubman THREE LESSONS FROM MY FATHER..............................


88. Joseph Thanhauser TRUST, TIMING, TERMS, AND TRUTH..............................


89. Richard Thompson DEVELOPING A SUCCESSFUL HOMEOWNER ASSOCIATION.........


90. Jonathan M. Tisch FIT BUILDINGS TO THE COMMUNITY..........


91. Marjorie Torres GROW STRATEGICALLY


92. Donald Trump Jr. THERE IS NO SUBSTITUTE FOR PASSION


93. Ivanka M. Trump BUILD YOUR REPUTATION CAREFULLY


94. Steve Van Amburgh HAVE FUN AS YOU'RE PROFITING


95. Leo F. Wells III FOCUS ON QUALITY


96. Brett White KNOW YOUR EXIT STRATEGY BEFORE BUYING


97. Ken Wilson DEAL WHEN YOU NEED TO DEAL


98. Scott A. Wolstein WALK AWAY IF NECESSARY


99. Rob Zache FIVE RULES FOR SUCCESS OF YOUR BUSIN


100. Mortimer Zuckerman BUY LOW, SELL HIGH, AND DON'T BE GREEDY




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