Friday
Donald Trump: Real Estate No Gamble
Donald Trump, Master of Televisions The Apprentice made his money in the real estate business before evolving upward into stratospheric office and residential towers in Manhattan, and now Las vegas.
Donald Trump has new residential towers going up in Las Vegas as part of partnerships with other developers. Las Vegas is the number-one growth market for residential housing of all types due to the explosive growth in the population of the gambling and entertainment capital of the United States. Las Vegas casino-resorts offer golf tournaments and art museums as well as the World Series of Poker Tournament and Broadway Stage shows that we are familiar with. Every type of musical entertainment is available also.
Donald Trump's first success as a real estate developer was in the "multi-family housing" that was encouraged by local governments in the 1970's. The Federal Government also encourages this type of development through it's various generous financing programs. These are also available to the small investor because the Federal Government wants to stimulate the development of "affordable housing".
The book How to Make Money in Commercial Real Estate: For The Small Investor by Nicholas Masters http://www.amazon.com/exec/obidos/asin/0471752614/ref=nosim/your_httpgetoveblo-20_id
goes into the various methods of locating properties with profit potential.
Actually, most real estate can be classified as "commercial real estate". Dr. Jerry Buss, owner of the Los Angeles Lakers National Basketball Association team made his initial money by buying-up residential houses in the Phoenix Arizona area when it first became a retirement area. He would buy many of the houses at foreclosure sales, giving them a coat of paint and new carpeting, then renting them to the thousands of retirees that were moving to the desert, to play golf year-around.
The volume The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate--Before the Public Auction
http://www.amazon.com/exec/obidos/asin/0471692794/ref=nosim/your_httpgetoveblo-20_id
discusses the steps the small investor can take to purchase properties before the information on them is made available to the public.
Donald Trump had to start somewhere, and is wasn't with Trump Tower, but with residential housing that he parlayed into larger properties.
Donald Trump has new residential towers going up in Las Vegas as part of partnerships with other developers. Las Vegas is the number-one growth market for residential housing of all types due to the explosive growth in the population of the gambling and entertainment capital of the United States. Las Vegas casino-resorts offer golf tournaments and art museums as well as the World Series of Poker Tournament and Broadway Stage shows that we are familiar with. Every type of musical entertainment is available also.
Donald Trump's first success as a real estate developer was in the "multi-family housing" that was encouraged by local governments in the 1970's. The Federal Government also encourages this type of development through it's various generous financing programs. These are also available to the small investor because the Federal Government wants to stimulate the development of "affordable housing".
The book How to Make Money in Commercial Real Estate: For The Small Investor by Nicholas Masters http://www.amazon.com/exec/obidos/asin/0471752614/ref=nosim/your_httpgetoveblo-20_id
goes into the various methods of locating properties with profit potential.
Actually, most real estate can be classified as "commercial real estate". Dr. Jerry Buss, owner of the Los Angeles Lakers National Basketball Association team made his initial money by buying-up residential houses in the Phoenix Arizona area when it first became a retirement area. He would buy many of the houses at foreclosure sales, giving them a coat of paint and new carpeting, then renting them to the thousands of retirees that were moving to the desert, to play golf year-around.
The volume The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate--Before the Public Auction
http://www.amazon.com/exec/obidos/asin/0471692794/ref=nosim/your_httpgetoveblo-20_id
discusses the steps the small investor can take to purchase properties before the information on them is made available to the public.
Donald Trump had to start somewhere, and is wasn't with Trump Tower, but with residential housing that he parlayed into larger properties.
# posted by Steve Lee @ 1:28 PM 
