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I love collecting 'quotes' and 'sayings' about property, real estate and investing.
"Don't wait to buy real estate, buy real estate and wait."
"I bought a two story house. ...One story before I bought, and another after"
"If you think nobody cares about you, try missing a few mortgage repayments"
Please let me know your favourite quotes and sayings.
No one will EVER take as good of care of your money as you will.
The only one that will ever pay you what you're worth, is you.
Stop trying to sell me the property and show me the numbers.
"I'm sure lucky to have these rent houses". To myself as I'm putting on a roof, snaking a drain or writing a check to a HVAC guy. It's paraphrasing what all my friends say about the rentals, but they're nowhere to be found when the real "work" is being done.
Frank, maybe that's why Donald Trump (and others) buy biiiiig buildings and have them professionally managed. I've often wondered why people buy SFR and then do the work themselves. Have you always dreamed of being a plumber?
"Never fall in love with Real Estate" - there is always another deal right around the corner.
Gee, this rehab should only cost me $______.
These tenants seem really sincere so I won't even bother screening them.
Gosh, you're a landlord?! You must be RICH!
"You know how to kill bugs? You write a check - and boom, they fall over dead." -Ron LeGrand
In reference to buying a marginal deal: "What's the difference between a good haircut and a bad haircut? 7 days" -Bryan Dunklin
You are where you are, because you want to be.
"Nobody will ever manage your property as well as you do."
A phrase I've often heard when demanding an explanation of something "creative" on the closing statement.
"Don't piss on my leg and tell me it's raining."
One of my standard responses to the above statement.
"Of course it's a good investment Real Estate never looses value"
Never feel sorry for your tenants, because they will never feel sorry for you.
The ARV is (insert bloated figure if they're trying to sell you the property or a low firgure if they're trying to buy). Often interchangable with "the area comps are".
Broker: "This great investment is listed below tax value!"
In remarks on MLS
"This one Cash flows!"
Ninety percent of all millionaires become so through owning real estate.
Andrew Carnegie (1919)
Its tangible, its solid, its beautiful.
Its artistic, from my standpoint, and I just love real estate
Donald J Trump
I am a marvelous housekeeper. Every time I leave a man I keep his house
Zsa Zsa Gabor
Can anyone remember when times were not hard and money was scarce?
Ralph Waldo Emerson (1882)
(1.) "If you think hiring a professional is expensive, wait until you hire an amateur"
(2.) In the middle of every difficulty lies opportunity - Albert Einstein
All people are self-made. Only successful people admit it.
Minds are like parachutes--they only function when open.
If you will do for 3 years what most people WONâ€™T do, you can do for the rest of your life what most people CANâ€™T do.
"Can anyone remember when times were not hard and money was scarce?"
Ralph Waldo Emerson (1882)
*The above quote is over 100 years old but still as relevant today with the current global econonic crisis!
"Pigs get fed. Hogs get slaughtered."
Fear and greed are two of the most powerful emotions in this business. Know when to get in and when to get out - cut your losses early (if you must) and move on.
Given enough time, it all turns back to dirt.
"Explain it to me again how this is suppose to help me, and then I'll buy it."
Money lives on the other side of fear.
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