Real Estate Investing of Donald Trump
Real estate investing has been good to Donald Trump. However, real estate investing is not an easy career to enter for others as it was for Donald Trump with his father's experience and resources.
(PRWEB) January 30, 2005 -- Real estate investing almost became an albatross around the neck of Donald Trump in the 1980s. The Donald" almost went under. He faced insolvency, and was forced to file Chapter 13 to restructure his finances. Mismanagement of his real estate investing portfolio and the depressed condition of the real estate investing marketplace after the new Tax Law of 1986 took him to the brink of financial chaos.
The banks and mortgage companies had little choice. Either they restructured Donald Trumps indebtedness, or they lost everything with him. Donald Trump encountered (and triumphed over) one of the severe pitfalls possible in real estate investing.
Donald Trump followed in his fathers footsteps of real estate investing. He accumulated millions of dollars in New York City real estate. His fathers instruction, combined with his fathers financial resources, helped Donald Trump start a career in real estate investing.
The problem that confronts many would-be investors is the lack of know-how and/or financial resources. http://www.real---estate---investing.com/Real-Estate/index1.html
Fortunately, instruction is now readily available everywhere that provides know-how. Unfortunately, those who offer instruction charge an arm and a leg for their services.
When I began my real estate investing career 25 years ago, only a few books were available by Nick Nickerson, Al Lowry and Mark Haroldsen. Real estate investing seminars were rarely offered.
Today TV infomercials and seminars are almost daily fare in major U.S. cities. The fees for basic instruction are generally $3000 or more, and even these 3 day events limit internalized information to the capacity and background of the individual attendee. Many leave not knowing where to start or how to interpret cold" notes.
But the real objective of the real estate investing gurus of today is to snare the would-be investor in the real estate investing coaching" trap. The coaching option offered to those who either purchase materials from the real estate investing TV infomercials or attend the traveling real estate investing seminars ranges between $7500 and $25,000. The coaching option is usually a one-year fee to have someone" call you weekly to find out how youre doing." (You never know how much experience in the real world of real estate investing your coach" has, and you can be sure your coach is never the guru" himself.)
To help the would-be investor out of this dilemma, I created a real estate investing program for only $100. The program is a voluminous Guide to Real Estate Investing that shows how I amassed $10 million in income-producing rental real estate in only 4 years. The feature that makes this information so relevant to many would-be investors is that I accumulated this real estate with no cash and no credit. This material shows anyone who aspires the fortunes of a real estate investing career how I achieved a multi-million dollar net worth in only three years, and was featured in an editorial of the Wall St.Journal. http://www.real---estate---investing.com/information/
Donald Trump has succeeded in his real estate investing career, despite again recently facing bankruptcy proceedings. But very few can enter the real estate investing arena as did Donald Trump with his fathers advice and his fathers resources. http://www.real---estate---investing.com/index.html
###
|