Donald Trump is hated by many people and loved. I will never make this a political debate. But there are hits (especially his early years) that can teach lessons to become a better real estate / mobile home investor who loves or dislikes him.
I noticed some interesting things about him when my wife and I saw some of the Netflix's cardio documentary series episodes.
Of course, all the documentaries are biased in nature, but this (surprisingly) visited my favorite cards.
Regardless of your political position or cards' opinion, the person was dealing.
Especially when I was young, there was not much hole for other people (I am talking about his insults and attacks ... you look pretty humorous).
Anyway, this is how he managed it when he first bought the building (at least from the first success: the Grand Hyatt Hotel).
- He contacted the owner of a non-profit commercial building
- Rapid price negotiation (the owner was motivated)
- He knew what price to buy it
- I signed an agreement with the owner
- Invoked by investors (he did not have the money to buy it)
- negotiated with the city with a tax deduction of 40 years (imagining the annual tax that he has to pay for a $ 1 billion building in New York)
- negotiations with contractors
- Never walked the view of the hotel
- I hired the best people for positions (he hired a woman [gasp!] In the position of the head engineer ... this woman was a tough cookie.
- He finished the project for seven years
- He became a hotel construction expert (probably one of the best you can do as a real estate investor)
Anyhow, it closely resembles how people deal with SFR business and mobile home business. Even if it is big or small, thousands of "transaction decisions" are occurring behind the scenes. Deal making is a learned skill. The trump studied it when his father (Fred Tramp) worked under his father's commercial apartment business.
"Deal Making" is what I explained above ... Arts of trading ... the cards were excellent. So, better making "deal making" starts with hits the playing cards are too familiar with.
1. He confronted his gun (he did not let him bully him from cleaning his initial agreement with him on tax deductions)
2. He had a network of enormous resources (he left the way to inform himself)
He knew more about the subject than the other men (previous small commercial space experience helped)
4. He had a strong character behind him (the lawyer he had was the most feared lawyer in NY, representing Mafia) ... to guide someone behind you , It will be a great help to constitute a good real estate transaction.
