Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. Real estate cannot be lost or stolen, nor can it be carried away. Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. Know what you own, and know why you own it. We have to be more disciplined than the rest. We don’t have to be smarter than the rest.
Risk comes from not knowing what you’re doing. Repeat after me: real estate provides the highest returns, the greatest values and the least risk. Now, one thing I tell everyone is learn about real estate. I guess I just naturally like ‘the good Earth,’ the foundation of all our wealth.
I have always liked real estate farm land, pasture land, timber land and city property. The more you know about your customers, the more you can provide to them information that is increasingly useful, relevant, and persuasive. Owning a home is a keystone of wealth… both financial affluence and emotional security. Buy land, they aren’t making anymore of it. If you do not like real estate, all you have to do is make hamburgers, build a business around that hamburger, and franchise it. Property has its duties as well as its rights. What we call real estate – the solid ground to build a house on – is the broad foundation on which nearly all the guilt of this world rests. It is the basis of all security and about the only indestructible security. It is the most solid security that human ingenuity has devised. Real estate is an imperishable asset, ever increasing in value. When it comes back, it comes back up like gangbusters. Land monopoly is not only monopoly, but it is by far the greatest of monopolies it is a perpetual monopoly, and it is the mother of all other forms of monopoly. Buy land near a growing city! Buy real estate when other people want to sell. But land is land, and it’s safer than the stocks and bonds of Wall Street swindlers. 2: Never forget rule No.1 – Warren Buffettġ2. Land will only double its value in ten years. It can never depreciate like a car or washing machine. The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd. He is not a full man who does not own a piece of land. Believe you can and you’re halfway there.
Ninety percent of all millionaires become so through owning real estate. The major fortunes in America have been made in land. You can get more money, but you cannot get more time. You can’t steal 2nd base and keep your foot on 1st.– Fred WilcoxĢ. 50 Inspirational Quotes for Real Estate Investorsġ. Here are 50 of the most insightful quotes about real estate investing. The markets may change, but good investing advice is timeless. Getting Started in Real Estate Investing.
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