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Choosing the Right Real Estate Market

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Blog ImageThe following question was submitted to "Ask Donald Trump" by a Trump University member.

Question:
There are many markets in real estate, what is your opinion about choosing the right type of market and how do you do that?

My Response:
The most important thing is to know your territory. I am successful in real estate but I still do my homework, particularly if it’s an area I’m not familiar with. When I decided to develop in Manhattan, I spent a great deal of time walking around, to familiarize myself with the neighborhoods because I was new to the city. Do not take anything for granted. Stay close to what you know and venture into new areas with due caution.

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Donald J. Trump is Chairman of Trump University.

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6 Comments

[-] Posted by Rachael Sutton #1253595 on 08/21/2009 11:16 PM
You definitely practice what you preach. I have never encountered anyone more thorough at doing his homework.
[-] Posted by abrarahmedav on 08/22/2009 12:29 AM
Thats a simple and effective formula,it gives lots of information about the stuff as well you can know the current and future challenges by your self..
[-] Posted by member1989276 on 08/22/2009 12:43 AM
In making investment there are only two possibilities, it is either you gain or loss, you need to have a full knowledge in any business venture that you are going to make. Remember high risk comes with greater return. It is your dedication and perseverance that will take you to a successful business operation. Troubled economy taught us to be careful in choosing an investment to put up. All kinds of people, especially parents, look out for the U.S. News and World Report college rankings, as a favorable number in U.S. News and World Report rankings means more prestige for colleges, and therefore, more students and more money. (That's the bottom line – and many claim it's a padded list.) Critics claim that the rankings are bogus and that Harvard, Yale, and Princeton get the top spots just on the virtue of reputation, rather than actual merits. Regardless, parents still want their kids in a high ranked U.S. News and World Report school – in the hopes that a degree from those schools will mean their child could potentially never need a payday loan – or maybe even auto financing.


For more info visit: http://personalmoneystore.com/moneyblog/2009/08/20/news-world-report-...
[-] Posted by member1815053 on 08/23/2009 3:14 PM
"Do not take anything for granted". This impressed me and made me thinking. We must consider all the options when we make decisions both in our lifes and business. In the other hand it feels very hard to make decisions, we can loose or we can win, but is it always bad thing to loose something if you get happiness in your life instead. Sometimes it is so.

"Stay close to what you know"..... this is what brings us the confidense and feeling security. You can not for example move to another village and begin to sell something there without knowing if the people really need the stuff you are selling. Even it feels boring to check all the little details it could be your benefit in a long run.
[-] Posted by member1985713 on 08/23/2009 9:22 PM
This is a help since I'm just starting to look and like to stop in neighborhood markets and talk with everyone. I'm calling it 'neighborhood eyeballing', if you don't mind. Thank you.
[-] Posted by user28112 on 08/24/2009 10:32 AM
To you Trump and your "watched" and wonderful family. May all of you continue to be defiant at, and untouched by the arrows of gossip, defamation and adversity shot at you.

"Do not take anything for granted. Stay close to what you know and venture into new areas with due caution." Your advice along with knowing your territory and doing your homework is very, very wise and excellent council.

Trump, some interesting information was discovered on the Internet today. Your honorable father Fred and I have the same name: "Christ." Fred Christ Trump. Fascinating. I am accepting this honor as true.

Your son Eric, who is the Exec. VP of Development and Acquisitions in your organization, and I, also have the same name (Eric/Erech). This I have known for some time, but it is worth mentioning here. Additionally it came to light today that Eric has the "Eric Trump foundation for St. Jude Hospital" which helps children with life-threatening and debilitating diseases. Congratulations to him! Plus the American Academy of Hospitality Sciences bestowed the International Star Diamond Award to Eric’s foundation. The International Star Diamond Award is the most prestigious emblem of achievement and quality in the world. Trump, you no doubt are extremely proud of your son Eric and your son Donald Jr. as well.

It seems that Ivanka may be getting married (if she isn‘t already). As any intelligent man would say who appreciates brains, strength and beauty and seeks the best for himself: "Say it is not true!" But if it is true, We wish Ivanka forever happiness and success in her marriage and new venture.

You so eloquently wrote in your blog on 8/11/09: "One effective technique [of keeping your fate in your own hands] is to make sure you define yourself versus allowing others to define you. They will limit you when instead you should see yourself as limitless when it comes to possibilities."

We believe in miracles. The evil rabbinic interpretations about Adam and Eve has defined the Jewish (and Christian) woman as evil for centuries. Trump, that sexist interpretation of Adam and Eve is the main subliminal cause of the escalating depression, violence and murder of women so prevalent in today’s society as shown on the nightly news…..night after night. Day after day. It seems as if boyfriends and husbands are killing their women and wives every hour on the hour. And they are! The majority of female deaths are not on the news.

This female holocaust will continue to escalate until sexist Judaism and Christianity (and Islam) are destroyed with God’s Truth. That’s Our mission. The male rulers of any religion define their women. The sexist, bigoted rulers of Judaism and Christianity have defined their women as evil and the cause of the "Fall of man." And the religious woman, no matter how poor and uneducated or rich and educated, helplessly accepts and believes and worships this evil designation given to her. "As he [or she] thinks in his heart, so is he.." (Prov. 23:7). Studying the rabbis’ chauvinistic interpretations of the Adam and Eve story will give Ivanka a clearer understanding of the sexist essence of Judaism (and Christianity) as she adheres to Judaism’s system of belief. That is, if what We read is true about her conversion to Judaism.

Now in Our case, We truly love all women. We know the Truth of their righteousness. "True" Love will conquer all. God is True "Love" (Hebrew "Hesed." Greek "Agape.").

Trump, the Miss Universe Pageant was splendid. The judges got it right as usual. Miss Venezuela, the new Miss Universe, was outstanding with her intelligent presentation and amazing gorgeousness.

Sincerely, your friend and "Revolutionary Entrepreneur"
Nimrod (Gen. 9:25-27; 10:8-12)

Dr. Nimrod Erech M. Christ Nimrod
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