A couple of years ago I read the book The Art of the Deal by Donald Trump. I wrote down a few quotes that I liked. I am going to share some of those quotes with you. Sometimes with, other times without, any comment. I hope it ads some value.
“Perhaps the most misunderstood concept in all of real estate is that the key to success is location, location, location. Usually that is said by people who don’t know what they are talking about. First of all, you don’t necessarily need the best location. What you need is the best deal. Just as you can create leverage, you can enhance location, through marketing and psychology.” And then further on: “My point is that money is not made in real estate by spending top dollar to buy the best location. You can get killed doing that, just as you can get killed buying a bad location, even for a low price. What you should never do is pay too much, even if it means walking away from a very good site. Which is all a more sophisticated way of looking at location.” (Page 54/55).
I am not going to add anything. Just visit this post:
Location Location Location – Fact or Fiction