The book will focus on a dozen strategies, one from each of the mavericks. In addition, each chapter will profile a maverick, providing key insights into his or her work and career. Among the strategies: -Find an (Almost) Perfect Location -Understand Cycles -Use Other People’s Money -Identify Market Signals -Hire Savvy Managers -Know When to Cash Out The mavericks to be included: Donald Trump (NY based), Sam Zell (Chicago based), Melvin Simon, Jill Ker Conway (Australia), Bruce Karatz, John Kukral, Sam Lefrak (NY), Hamid Moghadam, The Shorenstein (San Francisco), Paul Reichman (Canada & UK), Alfred Taubman (Michigan) and Peter Woo (Hong Kong).
Book Details:
- Author: Steve Bergsman
- ISBN: 9780470321980
- Year Published: 2004
- Pages: 304
- BISAC: BUS054000, BUSINESS & ECONOMICS/Real Estate / General
About the Book and Topic:
The book will focus on a dozen strategies, one from each of the mavericks. In addition, each chapter will profile a maverick, providing key insights into his or her work and career. Among the strategies: -Find an (Almost) Perfect Location -Understand Cycles -Use Other People’s Money -Identify Market Signals -Hire Savvy Managers -Know When to Cash Out The mavericks to be included: Donald Trump (NY based), Sam Zell (Chicago based), Melvin Simon, Jill Ker Conway (Australia), Bruce Karatz, John Kukral, Sam Lefrak (NY), Hamid Moghadam, The Shorenstein (San Francisco), Paul Reichman (Canada & UK), Alfred Taubman (Michigan) and Peter Woo (Hong Kong).
With the past two years of turmoil in the stock market, more and more investors have turned to real estate as an investment vehicle. After seeing retirement holdings diminish and once-secure portfolios shrink, many people have come to believe real estate is possibly less risky than stocks, bonds and mutual funds. There’s no doubt that the recent values of real estate have enabled some people to reap great profits but this situation is not likely to be permanent. This book offers strategies from the best in the business—from Donald Trump who has built his massive real estate empire, withstanding several near-bankruptcies but also maximizing financing from others, to Sam Lefrak, who revolutionized the notion of apartment buildings to Paul Reichman, whose family real estate empire ultimately went bankrupt but is now running the thriving commercial and retail property, Canary Wharf in London.
Proven advice from real estate moguls who have weathered the markets of the past fifty years. * Each chapter profiles a different real estate maverick, providing key insights into his or her work and career. * Includes dozens of real estate investing strategies, one from each of the mavericks profiled. * Explains real estate cycles and when to cut losses or take a profit and move on.
About the Author
STEVE BERGSMAN is a nationally recognized financial and real estate writer. For more than twenty-five years, he has contributed to a number of leading magazines, newsletters, and wire services, including the New York Times, the Wall Street Journal Sunday, Financial World, Fortune, Investment Dealers’ Digest, and Reuters News Service. He is also a regular contributor to the “Ground Floor” real estate column in Barron’s, and has written for all of the leading real estate industry publications, including National Real Estate Investor, Real Estate Portfolio, Retail Traffic, Mortgage Banking, and Urban Land.