Donald Trump predicts on CNBC‘s “The Billionaire Inside” that the bottom of the real estate market will be within the next 6 months to a year and says that right now is the best time to buy. A key point he made was that it pays to go against the grain, so the time to buy is when everyone else is fearful of buying. He also predicts that the tightening of the credit markets will keep commercial developers from overbuilding. An unexpected revelation about Trump was that he considers himself a bit of an artist and his first passion was cinema. He says he brings show business into the world of real estate.
A world renowned builder out of South Florida who is continuing to build some of the largest spec homes in the world even in a down market named Frank McKinney also preaches this philosophy of going against the grain and bringing artistry into real estate. He’s been dubbed the “rock n roll developer” and he looks more like David Lee Roth from Van Halen than a famous builder but his book Make It Big is a wonderful read for any budding real estate entrepreneur and his blog provides great inspiration. I’ve even emailed him to get advice on my personal projects and he surprisingly responded quickly and with extremely helpful advice. Thanks again Frank. I sold and closed my spec house at the beach and trying to figure out when to start my next big project. Everyone must watch this episode of 20/20 below.
Trump & McKinney are a little too flamboyant for my taste and prefer a more subtle style like Harris Rosen or Warren Buffet but really respect them as real estate entrepreneurs. We can all learn a thing or two from these guys. They ROCK.
Donald Trump on The Billionaire Inside
Frank McKinney on 20/20
Part 1: About Frank