The Trump Blog

If I am spending $4,363 for a month to fill up my tank that means I am in a limo and doing a lot of driving! I doubt I would have to look that hard, for investment property right now, not when every other buiding is for sale- If I happen to sneeze while walking down the street, I am more than likley going to find that my excretions from that sneeze end up on a potential investment- THEY ARE EVERYWHERE! I doubt anyone needs that much for a tank of gas for a month unless they are just driving around with blinders on, or they are clowing in the backseat of the limo while all the FOR SALE signs are flying by. My advice is if your people are spending this amount driving around "looking for investments" IN THIS MARKET take the mini bar away from them and tell them to get online first, send out a few e-mails and get a car that does not drink that much fuel in a month ! Then you can pocket at least $3,300 of that advantage (that by the way sounds really worth taking advantage of!)

My best to you all as always,
Tam Tam
Tough on trade
Serious about education
Non drinker- no limo, no suv, and no HUMMER in my driveway
Our car gets 27 miles a gallon I would need 1 gallon of gas to find more investment property than I could dream of finding money for IN THIS market- (and I live in Phoenix) ! In the STATE of Arizona or in my fantasy world, (the future Zing POW Elivs if I have anything to say about the name of the STATE)


I like limos I really do, but I would never use one to go on the prowl for investment property, I would of liked having one last night drop me off at the movies, finding parking was a real bear! The advantage of a limo is you don't have to worry about parking- if I were really rich maybe then I would have one- but even then I think I would want a VW bus, so I could take a nap if I needed to in the afternoon, or when the real estate agent pissed me off!

@ Tammie Lynn Lott
That was hilarious! However, my $4363 comment was meant to be a play on how expensive gas has become. Also, it's true there are alot of properties for sale. This makes it more time consuming to sort out which are the best possible choice. A property on the market doesn't automatically equate to a solid business deal.

Brett Carman

Brett,

Thursday, May 01, 2008
By Tammie Lynn Lott (today)


Glad you got that was humor! Humor is my best genre but I try! Regarding the later part of the remark you posted, I would like to explore this statement if you don’t mind. There are a lot of properties for sale right now, but as you point out "just because they are for sale", does not make them a "good investment". So, with that being stated, then re-stated without objection, would you mind exploring with us in more detail what we should be looking for (if we are looking for a good investment in this market?)

I am stubborn and willing to just park in a driveway with a VW bus and camp out till the price drops, (or the real estate agent drops what ever happens first) but that’s me- I am weird that way when I see something I like, I assume others will like it also. I suppose this is not the method most serious investors take, so is there some sort of economic formula we should apply when looking at property for an investment? I almost hate to ask this question, because I am not all that convinced that any "economic concepts" we have to work with are going to work in the present housing market, but its worth asking. I think a lot of people need to know this, so lets get down to the nuts and bolts of it shall we? Please explain why the method will work if you happen to have one, and state the ideology behind it, if you are able. To be more specific, what is the basic idea you should be working with in the back of your head, or in your frontal lobe when you see a "for sale sign" while cruising the streets wasting gas looking for something to talk about here on the Donald Trump Blog?
What will work, in this market, what should we be looking at, and what should we turn our nose up at, and walk away from?
To be honest the first thought in my head right now is "OH MY GOD, is everyone in DC sleeping?" What other thoughts should be be having? Please advise!


By the way- thanks in advance and have a great day dude!

Thursday, May 01, 2008
By Tammie Lynn Lott (today)

One more small detail, if you don’t mind, I would appreciate it if you would explain is the Capital Gains tax. It is my understanding that this can really screw the investor because if you buy then sell your second property YOU WILL BE SUBJECT to that nasty thing! But if you promptly reinvest it (I think within 14 months) or DIE then you are in the clear from that nightmare! In considering the capital gains tax as it presently is, and assuming that the person who owns the investment is not going to die, how do we navigate around this without being stuck up to ears, and risking the money we could profit from under IRS 1031 code?

Besides death, is there a way to navigate around this pitfall? I mean why should people buy sit on property, and then reinvest at the rate of speed we would need to only to hand over our gains to the government? It is not very encouraging to regular people; in fact it could stand in the way of picking up the pace! What are your thoughts on the Capital Gains Tax Brett?

Thanks in advance for your willingness to explore this issue/pitfall!
My thoughts are GET RID OF THE STUPID thing, the IRS forms are complicated enough as is, but then I am a simple minded chick that way! Some even call me a "dumb ****"- maybe I am, who knows but please do teach this "dumb ****" how to navigate around this pitfall that is in my humble opinion just a trap to suck us dry for trying to invest in property in America, then doing it again before we have a chance to get sucked into 5000 years worth of payments!

Thursday, May 01, 2008
By Tammie Lynn Lott (today)

Just one more thought I would like your opinion about this is a simple yes, or no by the way- all smart ass remarks aside.

If we got rid of the Capital Gains Tax for lets say (forever), then could investors who would profit from that policy/tax scam then have cash flow free to pass down and invest into people who have the desire to invest in real estate, but lack the capital, or the credit to JUST DO IT?
This reminds me more of the way things use to be in this country, back when the neighbors helped each other, and people gave a crap about the dude next door! Back then if you needed milk, and your neighbor was a veterinarian, you just traded what you had for what you needed. Back then people did not rely on the government to resolve problems they had relationships with each other, and they talked it out! So given this ideology, and very basic concept about human interactions, and how they are changing, could we take a bad idea away, and by doing this encourage a standard or way of life that really encouraged mentorship and relationships in America?
What are your thoughts on this matter?

Thanks again in advance for exploring this with me, it seems appropriate since the capital gains, if not considered, can offset the depreciation benefits that once again are WAY cool!

Best,
Tam Tam
Tough on trade
Serious about education
Curious about what the fat cats are REALLY up to

It's things like this that separate trained and informed investors from those who jump into the industry blindly and miss so many hidden profits (just watch Property Ladder).

There's a lot more to making money in real estate than just renting and flipping. Heck, if you own a flipping business, you could hire your child to work for you and save in taxes.

I'm not a member of Trump University because I feel I know a lot about real estate, but this is a perfect example of why newcomers should join and learn. There's money to be made everywhere in real estate, you just have to learn where to look.

BTW - can anyone tell me how to make it so my name shows up in the "Posted by" area of my comment. I'm tired of being referred to as "member299939392."

As an experienced blogger, I'd like to offer a little feedback to the people who run this blog.

Great content, difficult to comment, not what bloggers are use to, and there's no where to leave my name, email, and website.

Isn't it only fair that if I participate in the discussion I can at least be recognized? I feel so . . . so, used! ;)

John
ceo and founder of eVentureBIz - http://www.eventurebiz.com

John,

You can update your user name from member1712734 to something more recognizable. Just log into the site from MyTrumpU (top of any page on the site) and update the profile information. If you have any trouble just call our customer support line 877-508-7867 and someone should be able to assist you.

Thanks for participating on the blog.
Josef

Mr. Carman, I just read this and thought it was GREAT! Funny stuff! Responding to my first blog ever! I do have to add...I usually tell everyone I work for Uncle Sam, as I usually depreciate or receive some sort of write off from the IRS for my Real Estate development business, and at the end of the year my Uncle sends me a check, known as a return, for that portion of my earnings he didn't need that year!

I make money when I buy in real estate, NOT sell as most think. I use all resources allowable, and always look to make them work for me. The key word in our times these days is "WORK" everyday, and don't stop. Everyday is a fight, but this is where we need to have humor like yours! Appreciate all the Trump people for what they contribute, and Mr. Trump obviously knows that eagles don't flock, he finds them one at a time!

Dear "Serious Investor"

I was looking over your post, it appears we have a lot to talk about. You say your an experienced "blogger" well so am I. Regarding the following statement,

"It's things like this that separate trained and informed investors from those who jump into the industry blindly and miss so many hidden profits (just watch Property Ladder).
There's a lot more to making money in real estate than just renting and flipping. Heck, if you own a flipping business, you could hire your child to work for you and save in taxes."

I was wondering what you would like to teach us, this is the social space to teach us "less experienced in investments" who happen to be in the same social space as " trained and informed investors" like yourself. Also, when you first entered into the world of blogging, or real estate did you have a coach of some kind, in either area? I also have another inquiry, if you don't mind, where in this conversation do you see anyone limiting self to "renting and flipping"? A term I only know because I watched a season of Will and Grace- in one of the shows they tried that in a NY market and it backfired on them! Otherwise I might have never known the term, but then I saw it used again here, and remembered that most unhappy experience they had. Social space such as this bring people who have a desire to learn, and those with a ability to learn about concepts they are poorly introduced to in the real world. The goal as I understand it here At Trump University is to bring "the best of the best" all into one place, so I am glad your here! Now then if you don't mind would you please teach us what you learned from "Property Ladder". Also, at what age do you think we should allow children to take a position in the role of our companies to earn tax relief? Is there an age you think is appropriate to encourage a child to learn investment or taxes for your business? How do you feel about child labor in general, and do you think if more of us were willing to exploit children we could turn our housing situation around?

Dear Serious Investor PART TWO,
Clearly, as a "trained and informed investor" you will point us in the right direction on the interesting topic you present. I know that in some countries around the world children working is a way of life, do you think if we adopted this ideology that we could offset the price of manufacturing goods here in America and by doing so give the housing situation a little CPR, or do you feel that the unfair trade related issues are separate from the condition in the housing markets?
As a "trained and informed investor", can you please tell me what your advice is regarding an innovative solutions that will address more than one issue at the same time, in an efficient and sensible policy that we could all live with? And lastly, how do you feel about the Capital Gains tax, by taking it and making some modifications to it, would this open some cash flow to you, and would it encourage you to get on a blog or a social space and find someone to mentor, then use that money to help someone get into a investment using your skill set? Can you imagine this, does it sound CRAZY, or is it just a silly notion? If that would not work, then could you share with us an idea you may have learned from Property Ladder that would work to inspire, and match investors with the skill set that you clearly have. Is there a practical solution in your mind that you could explore further that would create the untrained investor to get excited about real estate investing? If so, please don't hold back, this is the place, and the time to SHOUT about it, lets try it, lets explore it, lets hear more!
EAGER and willing to learn from any "trained and informed investor" and very happy that one has presented such remarkable life experience, this should be an exciting conversation now. We have the novice, the scholar on social space, and now with the "trained and informed investor" and the others watching over it all, we ought to come up with a creative and innovative new policy- if you are willing to share what you know about investing, I will teach you what I know about online identity! Is that a fair trade, I like the concept of fair trade, and try to approach matters of this nature with that basic concept in the back of my head, what attitude do you approach new ideas with? Are you finding that being a seasoned "blogger" makes it easier or more difficult to express your emotional experience in life?

Very warm regards,
Tammie L Anderson Coffey
Author