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RotorWash said: "It seems that Warren Buffett is the uncontested guru of the stock investing world; Is there an equivalent guru in real estate?"
Bob_sapp said: "Yes, and his name is Tom Vu.
[URL="http://www.youtube.com/watch?v=K853GykeGH0&feature=related"]http://www.youtube.com/watch?v=K853GykeGH0&feature=related[/URL]"
RotorWash said: "Guy seems a little shady. Maybe I'm just biased but if you have a infomercial, I'm guessing you don't have the best interests of the public at heart. Is there maybe a Benjamin Graham style real-estate guy out there?"
Bob_sapp said: "[QUOTE=RotorWash;68056]Guy seems a little shady. Maybe I'm just biased but if you have a infomercial, I'm guessing you don't have the best interests of the public at heart. Is there maybe a Benjamin Graham style real-estate guy out there?[/QUOTE]
D.Trump? I don't know what you are expecting to find lol..."
Aligator said: "I know a guy - well, actually a family - who collects 2500 rent checks a month. Does he qualify?"
RotorWash said: "My central strategy for life is to study people that are the best in their fields and attempt to imitate and improve on their strategies. I'm studying Warren Buffett's method for my stock investing and so far things are going well. I'm in a position where I have to purchase a house in a few years. I want to find whoever is best in the field of real estate valuation. I'm looking for someone who's written a book (or has some material written about them) that I can study before I make a large real estate investment decision.
Thanks for any help you can provide."
AlfredSokol said: "[QUOTE=RotorWash;68071]My central strategy for life is to study people that are the best in their fields and attempt to imitate and improve on their strategies. I'm studying Warren Buffett's method for my stock investing and so far things are going well. I'm in a position where I have to purchase a house in a few years. I want to find whoever is best in the field of real estate valuation. I'm looking for someone who's written a book (or has some material written about them) that I can study before I make a large real estate investment decision.
Thanks for any help you can provide.[/QUOTE]
The real estate books tend to be pretty scammy. They all same roughly the same thing: use leverage and OPM to buy a lot of properties.
Trouble is: there are a lot of drawbacks to that philosophy."
Aligator said: "I can tell you the secret to [I]our[/I] success.
1. Build a townhouse.
2. Live in one side and rent the other.
3. Get both sides paid off. (that took 15 years, but be patient)
4. Save more money and buy another house.
5. Get your new primary residence paid for.
Risk?.....zero.
I know. You thought it would be some exciting, new, even secret formula that would result in you being able to hang out at the beach with all your rich friends all day, or maybe travel to exotic lands, or some other such rot. But no. It's just been a lot of work and resulted in a [I]lot[/I] of satisfaction. Not to mention gobs and gobs of financial security.:cop:"
tomtat1 said: "[QUOTE=RotorWash;68029]It seems that Warren Buffett is the uncontested guru of the stock investing world; Is there an equivalent guru in real estate?[/QUOTE]
I would say Sam Zell (net worth somewhere near 6 billion about twice as much as Donald Trump)
As a side note Equity Group Investments (a private company that he is the chairman of) recently sold Equity Office Properties Trust to Blackstone Group for 39 billion, and has been buying newspapers. Read into that what you will about the future of office reits. He may have just got a deal too good to pass up, but when someone of his stature sells out of a particular area of Real-estate I sit up and take notice. But then again the guys he sold to are no slouches themselves (wait a minute they went public and cashed out too)."