The Art of the Deal

I’ve been reading The Art of the Deal, by Donald Trump (1987). I’ve heard /read from numerous  sources that this was a good book; A keeper, and one that’s worth re-reading. I am about half way through and I must say, I like it a lot. Much more than the other real estate book I was reading.

The Art of the Deal is not a how-to book. It’s being inside Donald Trump’s head from the time he got out of college until the late 80s. I feel I’ve learned quit a lot about what it will take to be an investor from this book. Since it’s not a how-to book you have to read between the lines. But I find that is often the best way for me to grasp concepts. We get to see all the Risks Donald takes, all the Red Tape he deals with, various negotiation tactics, and all in the context of Real Estate, a subject that I’m a starting to grasp the terminology in.

Aside from the book, I’ve been taking small actions steps. I spoke to a Vegas Realtor I liked. I am learning more about the markets I am looking into. Real estate is actually selling in the Hot areas of the Markets I like. But I still think It may come down more.

I also learned some great stuff about land trusts that I need to revisit and internalize.

Very short term goals:

Create a business plan and find a niche.