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The Trump Blog
Ideas and Opinions from Donald Trump and TrumpU Faculty.
Our Ask Donald J. Trump Contest Enters Week Three
Trump University’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from Trump University too
We announced our new Ask Donald J. Trump contest two weeks ago. Dozens of questions are pouring in. So . . . do you have a question that you’re dying to ask Donald J. Trump? Now's the time, because the contest closes on September 15th.
Here’s how it works. Trump University is sponsoring a unique new contest that could let you ask the great Donald J. Trump any question you would like.
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The deadline for submissions is September 15th.
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It’s easy! Simply submit your question as a comment to this blog post. (Click on comments in the shaded box that follows this blog post and follow the instructions.)
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Your question will be carefully reviewed by the selection committee. We will choose 10 - and only 10 - questions that I will carry to Mr. Trump’s office in Trump Tower.
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You can submit as many questions as you like until the September 15th deadline. But only one of your questions can be part of the final 10.
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If your question is selected, Donald J. Trump’s answer to it will be published on this blog. In addition, each winner can select one of 15 Trump University courses as a prize. (Value up to $995; a list of courses to select will be provided to the 10 winners.)
Let me help you join the winner’s circle . . .
Because I want you to win,let me tell you what we will be looking for as we select the 10 finalists that I will bring to Mr. Trump’s desk.
Please restrict your questions to success-related topics about personal achievement, real estate investing and entrepreneurship. That’s what we’ll be looking for as we make the final cut.
Now it’s your turn. Click below and ask Donald J. Trump the question that’s on your mind. We’ll be announcing the winners and posting Mr. Trump’s answers for all to read in late September.
Good luck!
267 Comments Post a comment
How do you know when to give up on something and walk away when you are just starting out and have yet to nurture that gut instinct that many entrepreneurs talk about. Where do you draw the line between pursuing what you think is right and cutting your losses and moving on to something else?
Regards
Tariq Bamadhaj
Eric J. Moss
Is it really true you intend to come in Romania with a view to invest in our country? There are rumours that you might just do that. Hoping they'll finnally turn out to be true,
sincerely,
Janina Oprea
Could you do it, and what would be your 5 most crucial steps to win the bet?
Whats your view on the New England real estate market and why don't you own too much property here? Is the margin to little between what you can get for rent verses the market prices on buildings and houses? Is there too much available office space that is unused?
My idea consists of buying at least ten income producing condos over a five year period of time. The condo's cost between $140K and 350K. The lower price condo's produce 7K in income during the ski season and the larger ones produce 13 to 20K depending on the location. Units that are closer to the ski chair lift and golf coarse rent at a Premium.
What I have noticed is that not all the condo's rent and some owners are caught covering the mortgage year round. Mr. Trump I want your opinion on my plan to bootstrap my losses by differentiating from the competition.
My plan is to offer value and recreational options for my customers.
My goal is to raise quick capital by making a win win deal with my customers. My idea is to offer incentives to come back and rent my condo each year and develop a loyal clientel.
Every other owner sets a price and sticks by it. I want to set rent high for the first year. Instead of renting it out for 13K like the rest of the owners I am going to rent it for 20K the first year and then rent it for 8K a season if they return each year. This way my rentals are always rented. Since the summer season is not that busy at the mountain I plan of offering a full year rental for 20K. I am also thinking about throwing in a free ski pass for one adult because no other owners do that. Thats a value of $1000 dollars to the customer and could possibly bring back loyal customers. What do you think of my plan? My main goal is long-term property equity that I can turn into cash.
I'm currently a soldier in the US Army, and many of my peers balk at the idea of me leaving the service after 5 (7 by the time I leave) years, with the desire to pursue a business/entrepreneurship venture, being that I have very limited education in that particular area. What advice would you give to a young soldier who's driven to succeed, but so beat down by his peers and command? What type education should I look to get, so that I may emulate your success? What would Donald Trump do in my position?
Mr. Trump,
What do you want your legacy to be once you are, "fired by the big boss in the sky," as you put it in one of your books, lol. We all have but a certain amount of time in this world. So, what is your vision Mr. Trump, and what part will the students that pass through Trump University play in that vision?
D.L.
I look at bill boards for (from) the same developers all over my region and often wonder how they managed to have so many pieces of properties in this lifetime. I do not know if you ever ask yourself the "What if" kinds of questions. But , I wonder had you not had your father to be your guide if you might have had a different life, (akin to Rich Dad, Poor Dad), or if you would have still ventured into land development. I gather that you are naturally energetic having read that you need very little sleep which enables you to accomplish a lot.. You seem to have a fire in you that burns more passionately than the average person. You also seem to be a risk taker. So my question is:
Do you think some people are born with a predisposition to become entrepreneurs, or can ordinary people learn to become land or company barrons (baronesses) given our limited time on earth?
How can a poor background guy win big success.what he must occupied ?
Are you an open minded person ?
if yes, please tell me why, and how can I become an open minded person ?
What the measureable indicator to measure that I was an open minded person ? not just a moron who agree to every suggestion.
thanks
Which is your biggest personal quality that you think have along you through the years to become a successful business man?
Thank you,
jessyalarcon@yahoo.com.mx
I have already posted two lots of questions. One more lot of questions today:
1. If you chose one, what an entrepreneur must know by himself to be successful in his business - management, marketing, accounting, production?
2. Why entrepreneurs frequently take risk? Don't you think they should be stable in one business?
Regards
Rajesh Shakya
http://www.rajeshshakya.com
Helping technopreneurs to excel and lead their life!
My Questions are:
The key of his success would be? - To know and to be able treat the people or thanks to have a good collaborators
Other:
While you dont be in your company or dont have contact with this.. how do you .. and what you are insure that all are ok?
Thanks !!!!
Saludos!!!!
Do you consider firing thousands of employees good management or bad planning or how do you call this nowadays common practice of big multinational companies?
My question is about your relationship with your managers. How do you motivate them to provide you with their best performance? How do you treat loyalty? What does it take to be a manager in your Organization? Do you prefer education over experience? Do you discuss and accept their ideas?
Thank you,
Ana and Jordan Spasovski,
Macedonia
I have been in corporate sales with a small family -owned company for 15 years now. They do not see the bigger picture, which I have been tying to make them understand. They have no real plan of attack against our competitors, we have no outside salesman (which I have extolled the virtues of) to bring customers in or back to us, and they do not understand that none of our sales people can sell from an empty cart.
Our VP/GM (now Prez) cuts back our buyers every year--forcing losses and ensuring that our sales goals will be unattainable. So far we have lost $2.1 mil in sales (he never looks at the report), and we seem to always have little growth at years end.
I have read most of your books that pertain to marketing and dealing (after reading The Art of the Deal, I brought back close to $30,000 in sales from a one day sales trip) and have given them black and white reasons our business isn't growing the way it should. Our competition has grown 14 times over in the years I've been here; we're still one buiding! I am frustrated and saddened.
My question is: How do I get them to listen to the solid information I put in front of them? They don't even discuss it with me. It's like they're oblivious.
Sincerely, Mark E. Langley
I have been in corporate sales with a small family -owned company for 15 years now. They do not see the bigger picture, which I have been tying to make them understand. They have no real plan of attack against our competitors, we have no outside salesman (which I have extolled the virtues of) to bring customers in or back to us, and they do not understand that none of our sales people can sell from an empty cart.
Our VP/GM (now Prez) cuts back our buyers every year--forcing losses and ensuring that our sales goals will be unattainable. So far we have lost $2.1 mil in sales (he never looks at the report), and we seem to always have little growth at years end.
I have read most of your books that pertain to marketing and dealing (after reading The Art of the Deal, I brought back close to $30,000 in sales from a one day sales trip) and have given them black and white reasons our business isn't growing the way it should. Our competition has grown 14 times over in the years I've been here; we're still one buiding! I am frustrated and saddened.
My question is: How do I get them to listen to the solid information I put in front of them? They don't even discuss it with me. It's like they're oblivious. . . . Or I'm invisible.
Sincerely, Mark E. Langley
I do not know whether you know that how booming China's real estate Market is in recent years. After reading THE ART OF THE DEAL, I think I can understand you very well and really hope you can do something in China. I work for a Singapore Developer in Shanghai, China.
What I want to ask you is a bit difficult to answer I think, i.e., what do you think of China's real estate development? After all, China has so big a population. Its residential and commercial real eatate seem have very promising future, but nowadays, Im afraid it is too hot ...
I have a question for you regarding eroding infastructure:
Whether it be Louisiana levees, boiler pipes under New York streets, or 50 year old plumbing in residential homes, the staggering cost of rebuilding our infastructures will ultimately be the undoing of many who have poured hard earned dollars into life-long investments. How will savvy investors hedge against this cost?
Thank you,
Gladys Deniz
If you have a Bacholer's Degree, what would you do when you only know you want to be successful but have no idea which way to go, when you even don't know what's your favorite?
How do you figure out your interest, as lots of people do not really know what they want?
Kevin
2. Will the all the recorded foreclosure sales, what this cause a huge struggle or not so bad struggle on the markets, when the real slump takes its course.
3. The defaulted notes: If you were the congressman, Federal Board, and the Financial backer who funded the sub-prime; after the sub-prime is closed for business, the notes goes back to the Financial backer.
Question: How would you solve this fiasco mortgage mess, they been talking about since early this year.
2. Question: The real slump that everybody is waiting, is this going be devasting to the markets or just a struggle.
3. Question: The Federal Board, Congress and the financial backers who funds billionss to the sup-prime. and the sub-prime companies closed down. in returned the notes came back to the financial backer/supplier. The have been discussing ways to solve the problem of the mortage mess that claimed many nationwide.
What is the best solution how do you clean up this mess.
thanks,
Syarif Ramdhani
Do to the volatile fluctuations in the stock market (which is still up for the year over 2,651 points!), the greed-lead fall of sub-prime mortgage institutions, and the high prices at the pump, aside from land, what do you think is the best investment for the middle class that will help with retirement planning?
Thank you,
Mark E. Lanlgey
The question is How Donald has surrounded by the best team members? How to know when we can trust to somebody our wealth? Our friendship? How he knows there is a true friend without interests?
The best way to respond to me is taking this to the limit, asking myself if someone is capable even to receive a bullet instead of me just to take care of my back.
An intelligent man always surrounds itself by the best people.
My best regards
Alfredo Flores
Mexico
I have a invention that I am in the process to bring to the patent department and am looking for the funds to do this .
This invention will help all fire departments across the country locate certain needed instruments in all kinds of weather day or night in a speedy manner.
My question to you is I know that there are grant programs that will help with funding and can you direct to the proper place.
Bruce Mackenzie at greyhavensound@yahoo.com
Dale Carnegie said "Success is getting what you want;
happiness is wanting what you get." How intertwined or mutually exclusive are 'success' and 'happiness'?
bankruptcy. left with only my car oweing $2500.
Now i have the car paid, + $50,000. cash and a double wide on half acre lot tax value $70,000. ( bought using other people's money). I have been lucky. I am selling all my stock due to the unstable and unreadable market.
I am not one to just sit and live on this money till it runs out, I am a risk taker but my credit score is now up to 545, and can not get a loan for my property to invest into more property( I think that this is a good time due to the devalue of property just like the stocks are).
WHAT WOULD YOU DO AND HOW WHOULD YOU ACCOMPLISH
BUILDING WHAT I HAVE INTO TRIPLE FIGURES AND MORE WITH-IN (6) SIX MONTH BEFORE TAXES ARE DUE?
Bill D.
What are your investment plans for Israel? Has there been any progress made in that direction?
Thank you,
Susan Bayne
my questions are simple:
1.What makes you so rich? and what will makes everybody rich?
2.Does rich equals to ( = ) successful ?
3.Why are we not be able to choose the education path that we will pursue since we are small?( means why must we only be able to choose what to study after completion of secondary/high school?)
thank you Mr. Trump~~
regards
wg_mah
How do you know when you are successful in life?
If you had to start your road to success all over again in todays current society what would you do different and what advice do you have for others to be successful in todays society?
I am in an area that is poised for increased tourism. The city realizes this, however, being a small(ish) community, people want change, "as long as it doesn't change anything". ;-)
We will have many more cruise ships coming into our area in the upcoming year.
I purchased a home here in 2004 and I am now leasing out. I recently bought a 4-plex, I live in one unit, I have 2 long term (yearly) leases and one unit I am using as a furnished vacation rental that has done very well over the summer.
I am on the Island of Kodiak, in Alaska.
I would like to know if it is worth the efforts to try to help develop the area or just continue trying to aquire projects on my own.
Vacation rentals are always at a premium. I would like to have more things for tourists to do when they get here as well. I have ran for a seat on the board of directors the city Chamber of Commerce to try to get some ideas out there but I don't know where to start if I want to become a developer since I don't have a lot of cash to put into it.
I know there are state and government aids available, but I don't know where to start or who to trust to go in that direction.
You are a shining example of what "thinking big" can produce...The Trump Brand!!!
I have a burning desire to be a part of the redevelopment and growth in the downtown of my city. I have many ideas that would only compliment that which has already taken place and can foresee the needs of the future, as we continue to grow. (A "Trump Tower" might help!?!) Hmm...
My question...is it possible for a 40 year old woman(very little college education, no money, and bad credit) to achieve if only a very small amount of the success which you have achieved? If so, where do I begin?
Recently, the actor/builder Brad Pitt described his life as a parent as the most fun he has ever had and also the biggest pain in the ass he has ever experienced in his life. I thought his comment was very funny and thought it applied very well to the world of construction and real estate. Have you found this to be true in your life Mr. Trump?
Anne-Marie Muldowney
Future Billionaire of the Mountains
Angie Mourer
Thanks!
My question is: Where do I find comps for a home like this? There is nothing in the area even close to this homes magnitude. I have asked several appriasers and they can't help. I want to price the home to sell and net my seller the most money possible. Where should I look for a buyer for this home??
Alicia
Maybe from here where i'm writing is to far away from USA, also do not exist my country in map, but i was intresting for U, when i show You in TV show. That country that i told is Kosova, and my questions is have you ever think sometimes to visit this state without state, i think to invest here?
Maybe my english is not good, but i tried to ask YOU for that?
With much much respect for U, Alban Thaçi
I started an organization for small businesses as it seems oftentimes small businesses get left out of the loop. Our organization, eSmallBizNET, serves as a much-needed a vehicle for networking, promotional and educational opportunities specifically for small businesses.
Small businesses in the U.S, as you know, employ millions of people - create billions of dollars in revenue. Some small business have aspirations of becoming corporate giants, others wish to remain small.
It is my experience that securing a highly visible, successful business people such as yourself to speak to small business people can be very challenging. A phenomenal impact can be made by speaking to small business owners ...actually it can be an opportunity to effectively change the lives of many people!
In surveying our members you, Mr. Trump, are consistently the #1 businessperson our members most want to be like (not like Mike!), meet and hear speak. We are all small business owners ...and we ARE important!!!.
MY QUESTION: Will you come (back) to Dayton, Ohio and speak to an organization of small business owners and/or conduct a book signing?
From small business owners everywhere,
We wish you continued success and prosperity.
Cheryl Haynes
cheryl@eSmallBizNET.com
eSmallBizNET
It is a great pleasure and honour to be a able to write you some words. You are the only billionaire I can do so. Thank you so much for that opportunity. Have you ever think of investing in the islands? I was born in Mauritius and there are so much nice hotels down there. It would a great honour for us Mauritians to have you has investor in our little paradise.
God bless you and your family
Joseph Marcel Virassamy
As a mid-30's career woman, I am, of course, interested in how to be a success in my life and career. I do not believe that my gender can be ignored because, like it or not, it does make me different from a man in the workplace.
I'm interested in hearing your take on how a woman in today's workforce should do more of or differently in order to become successful. Who do you consider excellent successful female role models for women like myself and what do you think makes them so successful in their lives and careers?
All my best,
Cindy Leonard
My goal is to educate the average home owner of the value of their home, and help them realize that they can increase that value by 'flipping' it after living in it for more than two years. Most people I know that own a house treat it as a 'place to live' rather than an investment. When they upgrade, they upgrade things that don't increase the value of the home. Over the past 10 years, I've owned several homes, living in each for a period of 2 years or more (to avoid capital gains taxes on the gain) as well as upgraded things like kitchens and bathrooms... stuff that sells.
My question to you is: What 5 points of advice could you give me to research so as to be a subject matter expert when consulting my clients on FlippingToLive (to realize the greatest gain on their home investment).
Nathan Paul Womack - President, The New Long Term (Nathan@TheNewLongTerm.com)
The company is as follows:
I studied extensively, on my own, how we used to teach children to aquire reading skills. I felt my own children, and the children in their class, were not getting all that was needed for excellent language skills. I have had parents of children I have taught tell me their child's teacher thinks it's possible they may be gifted - in language, specifically! They said the same of my own son. I knew this was not about being gifted but about being taught well. I have had enormous success teaching children how to read and aquire above average results, however, I struggle with growing this business into great heights. I believe I have built something that could be sold in many countries as a franchise. I have no money to help this grow. Where do I go from here? Is there an avenue of raising money that I am just missing? If I can make this company grow to financial heights, my plan is to be a philanthropist and take this same program to the children and adults who need help learning aquire solid language skills.
Do you feel that in the future, there could be another investment that can replace the advantages of real estate? Or do you feel that the power of real estate investing can have no equal?
I am a Yoga Teacher and a Realtor on the Hawaiian Islands. I have enjoyed reading several of Mr. Trumps books. While reading them it was apparent that his success is not only due to his hard work and intelligence but because he naturally practices spiritual principles on a day to day and moment to moment basis. I love to read his books because they not only teach how to succeed, but how to live a good life which includes treating himself and others with respect and compassion. So here are the two questions!
Mr. Trump did you know that you are practicing spiritual principles such as be kind to others, give to receive and so many more?!
And the second question:
Would you allow me to co-author with you on another book that brings to light all the spiritual princples that you are naturally living ~ just by being you? I would just pull these principles out of all your other books. This book we could entitle THE ZEN OF TRUMP! I know it would inspire me and all of your fans!
Mahalo for your time.
Joy
First of all I am glad that you have given us the opportunity to ask you question as this very empowering tool to inspire people to pursue their dreams. I have been trying to pursue real estate business to loan officer to investor and just bought my new house, but since my business talent is very mediocre I have put that opportunity for now. Lately I have pursued working as a vmdirect affiliate. Its the newest internet technology that you can use as a costumer, either personal or business use and on affiliate level.Their product involves, blogging, pod casting, IM messaging, to name a few. My question is, In your opinion, Do you think that this company is a right investment? Is it worthy to spend my time promoting the business and get a commission for every account I can sell, etc? Lately the company has been listed with AMEX. Thank you very much and its a pleasure to be able to send you this question.
Leah Schinzel
www.vmdirect.com/lschinzel
Las Vegas, NV
First of all thank you are a huge part of my success, I wish I had Trump U when I first started 5 1/2 years ago, but The Art of The Deal worked just fine ( I tell people that book gave me a Masters Degree in success!)
Q: Last year I lost a huge Law Suit after a partner embezeled money from our development company. We lost the judgement do to the partnership agreement. What agreements or business practices do you suggest I adopt to strengthen my companies postion in future development projects? Since strong relationships are so key in our business I truly appreciate any insight you can offer.
thank you for you time.
Successfully,
Matthew A. Barstow
As you know China's influence in the world today as well as the United States is hard to ignore. The economy of China is growing quicker than any other country in the world. Its real estate market is getting hot too. With the Olympics arriving soon hosted by China I expect its economy to receive a major boost which should certainly add fuel to progress. Will the Trump empire have plans to build in China and take a piece of the action there?
Mr Trump, to me you represent New York city, but to many you may even represent America as you are probably more famous than Bill gates as you have become a celebrity. China has been a peaceful force despite its power. Will the Trump empire decide to build and expand there?
As your decision to build there may even improve its relations between the two countries. Not that there are any major issues now.
I feel that the U.S and China should collaborate more as no doubt that in the future, if it is not a reality now even; that these two countries are the dominant super powers and that they have the resources to help resolve world problems.
Would Mr Trump consider any projects in China?
Joseph Jatico
josephjatico@yahoo.com
company website: www.wdjbuilders.com
I know KNOWLEDGE is power and that ambition,motivation and tenacity are a few of the qualities needed to become successful.Aside from financial issues,what other obstacles might a novice real estate investor face that could have a huge impact on whether they believe they can be successful as a real estate investor ?
Thanking you in advance
Darnell
How would you advise a couple who "own" a home, have decent - good credit, but struggling to keep their heads above water, financially?
Just one good real estate deal can be the key to opening the jail cell, and get the ball rolling to do more deals...But how? What wisdom would you impart when there seems NO WAY OUT???!!!
Thank You!
I own and operated my own mortgage and real estate company. I have helped over 50 people obtain real estate licenses. I have in the last 6 years purchased 6 homes.
3 months ago had to shut down the office and move it into my home. I will be filing BK in the next few months. I will probably have to let all my homes go. My wife still has great credit-- 784 Fico. I have started to turn things around. I will probably make about 50k next month with what I have in the works. My Father is the broker of our business and I will probably not be collecting any more paychecks so I do not have to give them money to the bankruptcy court.
As the owner of my company I am able to originate loans and buy and sell real estate. I would like to be your success story. I wont' let you down!!
Please contact me at 925.584.9886 or jwgraydon@aol.com
Thank you,
J. G.
Charlotte, NC is the second largest financial center in the nation, second to New York City. Is there a reason why you haven't looked to invest in Charlotte yet? Charlotte will surprise you as it is a magnet for progressive growth and smart developments. Would you consider having a look at Charlotte in the near future for possible projects?
J. Carey roy_carey@yahoo.com
-------------------------------------------------
WHY "buy" Commercial buildings "today" vs when rates are higher in future ?
Since the values of Commercial Buildings are based on income, since we all see Interest Rates Rising(and thererfore the required Capitalization Rates must rise), this means that Building "Values"(Prices) will haveto drop. If this is the case, WHY would anyone invest and pay a high price for a building today when they see that the price would be dropping with rising interest rates ?
[Background Calculations:
Price=NetOperatingIncome(NOI) / CapitalizationRate
If Cap rate=8% today, and buidling income is say 80K, PRICE today=1M
But
If Cap Rate= 10% in 2 years(say interest rates rise 2%, cap rates rise also), then this SAME building generating a NOI=80K will have a Value/Price=80K/10% = 800K.
This is a drop in Value(price) of $200K in a investment you would pay $1M for today. ]
What is fear considered the number 1 deterrent from people achieving their dreams?
Regarding real estate investing success: What is the most important warning/advise you would give a newbie before their first deal?
chandamose@bellsouth.net
I am a student of Trump University. I currently have 3 pre-construction properties with two of them completed. With all three and my primary residents, I am holding $1,007,000 in mortgages. To me that is a very impressive number as a beginning investor. That’s about $89,000 a year in mortgage payments. That is more than I make on my current JOB. They all had equity of about $30,000 to $40,000 at the time of purchase. Right now they are a minus $181,000 in the red.
All three of them are in Florida. A real bad place to be right now. Two of them are in SouthWest Florida. A place that mortgage companies do not like right now. I currently have them on the market. I have tried rent, lease option and sell. With my agent, none of the three options are feasible right now and there are homes that have been on the market for 245 days. The rents and the lease options are going as fast as the sales. Very slow and long.
My question is, how much longer do I keep throwing money into these mortgages before throwing in the towel and walking away? This is not something that I would like to do, but I would rather go into foreclosure on the three investment properties and save my primary resident. Also save my hard earned money before going into anymore debit. I need to stop the bleeding.
I have seen homes that have been foreclosed on in my area that may have some where around $40,000 and one with $80,000 equity. I tried to pursue these, but that fear factor is taking over and my debit to income ratio of 150% is not helping me at all. Hope you can answer my question.
Best regards, Bronwyn Hendry
and i'm proud to have made that first call.
I am A small business owner that has additionally been able to acquire 18 residential rental units and this seems to be working pretty good so far. I however have dedicated myself to always being a student and continuously stretching my mind (and my income). The problem lies with trying to get into commercial properties. I am having problems knowing how to get into the "bigger deals". I am not afraid to jump on smaller deals, but when it comes to "bigger Deals" I am always second-guessing myself and cannot ever seem to find enough information to Jump. I know this is just inexperience and personal inadequacies, but I'm sure you could help me get over these
Thank You for your Consideration
Lloyd Scripter
With your knowledge and experience at promoting BIG ideas, what have you discovered to be the most profound way to influence others to "buy" into your idea?
Keep astounding the world,
And have fun,
Gary
Thanks,
Javibear
Nilima Jain , Pune, India.
First let me again thank you for writing The Art of The Deal, I owe much of my success to reading that book. I have had tremendous success in Real Estate development. I started at the age of 22 and I am now about to turn 26 and want to now begin to take myself to the next level. ( in other words from Millions to Hundreds of Millions and eventually Billions) I believe I have positoned myself to embark on this next great challange. So my question to you is:
Q:
What do you believe is the single most important trait of super successful people?
A few weeks ago, on The Larry King Show, you said that " the worst is yet to come in the real estate market". Would you jump in right now to make some deals or wait till it gets worse? Also, how long do you feel is the window of opportunity in this foreclosure market?
Although I am aware that the success that you achieved today is very much because of your hardwork and masterly skills, but I do think that you got a headstart compared to a lot of people because your dad gave you a company with manageable assets with development and investing potentials. However, if you have absolutely nothing from the beginning, no experience and you do not hold any corporate positions, how will you plan and start you task of being ranked among the 1000 wealthiest person in the world armed with only a bachelor's degree, some investment knowledge, a passion for success in the real estate market and a dream to emulate the great Donald Trump ?
Now, here's the question that shows I'm thinking big: If you are considering owning a golf course in Las Vegas, would you like to challenge me to find you a piece of land where you can develop a golf course or a golf course that you'll turn it to be the best in Las Vegas? If so, let me know of your criteria.
Always grateful,
Gina D. Alberto
How to become Big & Global with Scandinavian Holiday Resort?
I have been planning & developing a International Holiday Resort
to Finland. The project name for it is ABSOLUTE LAPLAND.
The land area is unique with own airport. The size of the project
is more like Trump´s Golf Course Resort Project in Scotland.
The building licence are ok, the areal Masterplan is done by
serious stock exchange company (the Pöyry Environment Ltd.) etc.
The real opportunity is waiting a picker . . . or is it a opportunity?
Could You answer for this kind of subject? My + questions are . . .
How big should I draw the Masterplan in the beginning to get attention?
How to get international investors to believe in it?
How to get money for pre marketing time and after that?
How many years it will take to have break even situation
in marketing so that it could start to build?
Sincerely,
Mr.Markku Tauriainen, Finland
markku.tauriainen@hirret.com
And what chance(s) do Africa stand in the nearest future?
thanks in anticipation
clement obinna.
NIGERIA
Please help us by investing also here in the Philippines so we can rebound from being in the 3rd category of poor countries in the world.
I am really hungry to ask some questions about real estate business, First of all, I would like to tell you about real estate market environment in my country first (Cambodia): The real estate market has been booming since 2005 and the price of land has been increased every week. Many foreign direct investors come in. Legal is not strong, honesty is weak, land title problems are so often, seller is alway increase price week after week, so buyer has difficulty to make decision, then real estate agent has seriously difficul and much more...
But some foreign investors can earn 5 to 10 millions dollars in few months, I can't believe it, but it is true.
So if you are a real estate agent in such environment, how can you convince and push your buyers to buy quickly from you before the price changed ? As buyers need time to make decision, the sellers change their price and the transactions are voided. So the buyers will blame also to real estate agent. Do you think this market situation is good or bad for investors ? and why? as you are one of the biggest real estate investor, are you interested to invest in such market? and why?
Suppose you are one of the foreign real estate investor in Cambodia, what do you do first?
Best regards,
Bunseng LIM
cresta@realtyagent.com
I have read most of your books and I still have a question to ask you. How do you think that guides you to make great investment in properties and also build great buildings and brand name in history?
I own a residential lot in an area of declining value.Port St. Lucie Florida.
I paid $65,000. closing cost, taxes, and it cost $600. per month as I financed it with a Home Equity Line of Credit. I have approx. $75-$80,000. Invested in this property.
I realize that I made a mistake by not taking profits when the value was at $89,000. last year. The value has dropped extremly fast and at current time the lot is valued at $35,000.
My Question is should I sell this lot at the bottom of this Real Estate depression and cut my losses? Or, should I continue to hold it and wait for prices to appreciate? Keeping in mind that it cost me $600. per month plus $1,600. per year in taxes?
Thank you for your time and reply.
Sincerely,
Robert Storrow.
I have unofficially been commissioned by my two teenage children to advise and recommend an Appropriate Wealth Creation Vehicle to pursue as either a full time career and/or passive investment. Thank God, we have thus far agreed between Property and Shares. Our debate has resulted in an interesting question -
"If you and Mr Warren Buffett, both high Net Worth icons and industry Leaders, were challenged in a similar situation what would your arguments and evidence have been that would adequately convince them to pursue the path of Property Investment over that of Share Trading?". This question would have been more interestingly answered had we been able to request the response of both yourself and Mr Warren Buffett. Please help!
You attract what you focus on. What three things is your mind focused on throughout your business day?
Thank you!
Peace, Julie
How can I gain support from people, even family members who supposedly back you, but their actions say otherwise? I need support before I make it, during my journey to success.
Peace, Julie
How can you gain respect from people who sometimes will not give you the chance to prove your abilities?
Peace, Julie
How can you instill in your children, spouse, or other people to educate themselves and make positive, life altering changes?
Peace, Julie
I get frustrated with the professors teaching diversity and creativity, yet when you go too far outside what is considered normal, they disagree and perhaps give you a lower grade. The problem is I am honest yet tactful. I respect their ideas but always have many of my own ideas to implement change. Most of these Ph.d's and teachers do not play well with others and have their own thinking even though they are teaching diversity.
I must be the talk of the school because I am a challenge and I immediately disagree with something that is not fair. A long time ago my mother said to me, "Nobody said life was going to be fair." How true it is.
I believe in loyalty, honesty, and integrity. These are traits many do not possess which is disheartening.
I am trying to change my life but find it difficult to find a strong, loyal support team who can feel my vision, even before I make it.
How can you locate and hold onto a team who will work with the person and vision, not just because you have money?
Peace, Julie
Do you think it is possible to achieve great wealth without becoming a business man? Can becoming just a real estate investor create the wealth that people want?
I have your Blueprint for Success, and have read some of your books along with "Trump Strategies for Real Estate," by George H. Ross. He is incredibly intelligent and I understand why he is on your team.
What I realize is that most of these people will not give someone the time or respect BEFORE you become wealthy.
I negotiate quite easily but I am certainly uneducated compared to the people who have been involved for many years in the Real Estate Market.
I respect and trust people who are real, not just giving you a line or part of an answer just to move onto the next customer.
I am very new to the business, and have a lot to learn but I am trying to make the right decisions.
How and who can you trust to be a mentor for your budding real estate business?
Peace, Julie
I saw a property a few weeks ago that certainly had potential but a red flag was raised as I read the, "Public Synopsis." It stated that a water test was done but that we could not access it. I thought it was strange but then when I looked in a closet under the stairs I noticed eight or more 5 gallon water jugs. It then made sense to me. They probably cannot drink their well water but do not want a buyer to know that.
I believe this behavior to be deplorable but I always think-buyer beware. "Caveat Emptor." The best advice anyone can take. Know all aspects of the property before you purchase.
Several years ago I was looking at a property and told the person to make an offer. The agent did not even want to accept the offer because it would "insult" the owner. This was before I knew much about real estate but it just makes sense to me to offer a low amount because repairs needed to be done.
I have only recently found an agent who works for you giving you tips on property that she knows more about than you do and either recommends the property or warns you of possible dangers.
How can you find, more importantly trust a Real Estate Agent who works dishonestly?
Peace, Julie
What are some resources that would be helpful for a new Real Estate investor to learn?
I have a never-ending amount of questions that need to be answered so I can make the best possible decision for my business.
Peace, Julie
As one who is eager and has a passion for the real estate arena, how does someone obtain the training and mentorship when their financial situation does not allow them to attend training or obtain a mentor, which is CRITICAL to success! Does Trump University offer some
financial assistance for the 'newbie' real estate investor?
valvip@hotmail.com
I am new to your site Trump U and I love the knowledge, I understand though that knowledge is power only if you use it. I listened to a few clips by Michael Sexton that I really liked. I am a real estate broker, and have been in the business for 7 years. However I was self taught because I didn't have a mentor and it seemed like no one was willing to sha