Trump Quotes

“home buyers sometimes make the mistake of focusing on home acquisition as an investment and overlook quality-of-life factors such as proximity to schools, parks, extended family, and work—all of which are the aspects of daily life that make for a healthy, safe, and comfortable home.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Think location, location, location. It is always nice to have the best location, but in today’s world, the key is specialization, specialization, specialization.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“The rental income served as a dividend, so to speak, but even at an early age, I focused more on the home appreciation. I came to understand the tax advantages of home ownership, implications of depreciation, and the opportunity to use the homes as leverage in borrowing money.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“How knowledgeable is the agent about the market? Ask where he sees interest rates going in the next six to twelve months. What does the supply of homes look like, and what will the future supply be? An educated agent will give his views and quote his sources about the future of the market.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“When you are purchasing real estate, the three most important rules remain: location, location, location.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“No matter how tight your schedule or your clients’ time, do your best to have face-to-face meetings. It is much easier to kill a “faceless deal.” And above all, act honorably. That is what people remember.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“real estate organizations and the individuals with the greatest skill and stamina at appropriately assessing risk and then bringing a complete tool kit to the task of solving the risks are the ones who win.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“When I sold the house years later, it was the best return on investment I ever experienced.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“The artistic and gay communities typically are early trend spotters and excel at mining the potential of up-and-coming neighborhoods.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“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.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“you make your money in real estate when you buy it, not when you sell it.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Location undoubtedly helps drive value, but more than that, a supply-constrained area where people want to be helps lock in better returns during the ownership and long-term value.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“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.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“The best advice he gave me was simply to be in the real estate market as an investor and to believe in the market.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“6. Buy something of equal or greater value. To avoid paying any tax at the time of the exchange, you have to buy property of equal or greater value and reinvest all of the cash.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“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.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Clients who pay close attention to details often make better decisions and come up with superior projects.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“To me, the long-term tax advantages and appreciation make real estate the best investment.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“you never sell investment real estate; you trade it.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Real estate is a relationship business.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Condos overall appreciated faster than single-family homes in 2005.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Good brokers are not all about making money. And even if they are, the best way for one to make money is to create an atmosphere of trust and reliability.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“For investors, in addition to the standard adage of location, location, location, returns depend on having good timing, deep pockets, and sound financing relationships.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Reinvest and upgrade. Always upgrade your real estate inventory by buying something better after you sell, while reinvesting your earnings with 1031 Exchanges.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Good salesmanship is nothing more than maximizing the positive and minimizing the negative.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“You looked at all the houses in your price range currently on the market, and you made your buying decision. Make sure the agent’s pricing strategy is based on what buyers are going to compare your home to, including new construction, because it is competing for your buyer also.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Ask prospective agents to explain step-by-step how they are going to negotiate the highest price for the home—from receipt of the offer to counteroffers until acceptance.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“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.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“Mark Twain was credited with saying, “The coldest winter I ever spent was a summer in San Francisco.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies

“There is no substitute for due diligence. To this day, my father reads every lease our firm enters into. Before any building acquisition, every single lease must be reviewed. Yes, there are lawyers involved and that is technically their job, but he believes—and I do, too—that there is nothing like knowing the full story of a property, right down to the basic maintenance contracts.”
― Donald J. Trump, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies