I’ve made money in real estate, hotel, and restaurant investments.
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
I made my money with good investments, I'm going to make maybe $1 million a year just with my real estate.
I made a tremendous amount of money on real estate. I'll take real
estate rather than go to Wall Street and get 2.8 percent.
Real estate is the best investment for small savings. More money is made from the rise in real estate values than from all other causes combined.
I made a tremendous amount of money on real estate. I'll take real estate rather than go to Wall Street and get 2.8 percent. Forget about it.
I've made my career, made money in real estate and real estate development.
As the industry has matured, real estate has become a very accepted investment. Institutions have used core investments to get comfortable with real estate as an asset class, and now that they're comfortable they're moving up the risk spectrum.
The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.
What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.
I've been buying real estate because it's an asset I can control, that I could finance extremely cheaply if I chose to. I do not choose to; I buy my real estate in cash. I'm not interested in making money on it. I just want to keep my money safe.
When getting help with money, whether it is insurance, real estate or investments you should always look for a person with the heart of a teacher, not the heart of a salesman.
Real estate investing is unique in that it's almost as much a career or a way of life as it is a form of investing. Indeed, the fact that real estate is involves so much sweat equity makes it unique among other investments.
What is John Arriaga's circle of competence? Is it real estate? No! Is it U.S. real estate? No! Is it California real estate? No! Northern California real estate? No! Only real estate around Stanford. His circle of competence is this small.
I was at UC Berkeley as an undergrad when my father lost a lot of money in real estate investments in Northern California. He wanted a change of pace, so in the early '90s, my family moved to L.A., right in the middle of Tehrangeles. It was a culture shock for me.
I love Franschhoek, and straight off the plane, I went to the incomparable Quartier Francais, on the main street, for breakfast. This small hotel and restaurant is regularly near the top of every poll for best hotel and restaurant in Africa.