These notes and highlights are from the book;
Real Estate Riches By Dolf de Roos
success fuels even more success.Read more at location 166
Business and making money are not so much about what happens to you, or the rules that are out there, but your attitude, perseverance, and desire to succeed.Read more at location 290
By looking at 100 properties in your target market, you will get a great understanding of what is a great deal and what is not.Read more at location 1455
Rather, a property is only worth that price at which a willing buyer and a willing seller agree to transact the property.Read more at location 1567
I had a tradesman who did work for me in Queenstown, and asked him to check out the property.Read more at location 1575
Note: use tradies or handymen to do repaires on properties Edit
Another clause I often add gives me a legal out in case we identify something is wrong with any part of the property: This contract is expressly subject to and conditional upon the purchaser’s attorney’s approval as to title, encumbrances, liens, easements, and any other regulatory impositions that may relate to the subject property, such approval to be given in writing by the purchaser’s attorney to the seller’s attorney by no later than 5:00 p.m. on the 20th working day after the signing of this contract.Read more at location 1963
The biggest reason why I buy property is to acquire debt, for the simple reason that the amount of debt stays the same, but the asset against which that debt is secured goes up in value.Read more at location 2144
Part of the art of being a good landlord is to be firm but fair, and friendly but not familiar.Read more at location 2351
The biggest mistake that I see property investors make is trying to be too friendly with their tenants.Read more at location 2355
Commercial property is far more specialized than residential, and hence it may be more difficult to find a tenant in the areas of specialization catered to by your premises.Read more at location 2571
you may buy a commercial property for a song, put in a tenant that you had lined up before you bought the property, get a new appraisal, go to a bank, get a modest 50 percent mortgage, and still end up with more money than you need to pay for the property according to the contract price.Read more at location 2638
Real Estate Riches: by Dolf de Roos
Commercial properties on the other hand are not nearly as demanding of your time.Read more at location 2647
all the extremely high-net-worth property investors I know, only two own predominantly residential properties. The rest all own commercial.Read more at location 2696
And don’t feel guilty that you are buying it for what seems like a steal: You are still paying him more than his next best offer, right?Read more at location 2772
This rule of never being the first to name a figure works in all aspects of your life, and not just property. It will just be worth a lot more to you in your property dealings than when negotiating at the local yard sale!Read more at location 2788
interest rate was a whopping 24 percent per annum. Why did I still proceed? Well, first off, my yield was 27 percent, so my interest was covered, but more important, I knew that as interest rates fell (which had to happen sooner or later), then property prices would skyrocket, as the prices of properties were based on affordability. And that is exactly what happened:Read more at location 2797
The Deal of the Decade comes along about once a weekRead more at location 2835
If you truly believe that the Deal of the Decade comes along about once a week, then just as surely as my girlfriend found her presents, you will find your deals.Read more at location 2860
But if you want to be an investor, there are no qualifications required! You can move around from country to country, picking the eyes out of local conditions, rules, tax laws, and economic circumstances. Unlike many other professions, there are no stand-down periods, no minimum-stay requirements, no residency requirements, and no qualification requirements. For instance, there is nothing to stop you from spending two weeks looking at investments in Czechoslovakia, one week in Italy, and then a month in Finland, if that is what took your fancy. Most professions would find such liberty impossible.Read more at location 2887
We are going to be dead for a mighty long time. Every moment counts. Make the most of life.Read more at location 2926
Remember, the Deal of the Decade comes along about once a week. Find a couple for yourself. And most important of all, have some fun along the way!Read more at location 2929
