how to make a billion dollars in real estate
The list includes both of us. based self-
Real estate billionaires increased in 2015, adding two last year.
How do new members of these billionaire clubs make money?
What lessons can you learn from their success to apply to your business?
2015 of the new projects have benefited from the prosperity of real estate value in the Gulf and its surrounding areas. San Francisco-
Jay Paul, developer (1,250)
First on the list with a net worth of $1. 5 billion.
His private-owned Jay Paul company has a height of 4 million square feet.
Rent the final office space for companies like Amazon and Google.
Sandford Diller (1,415)
Join the Forbes list with a net worth of $1. 3 billion.
His company is developing and managing high
End residential and commercial properties at the technology and start-up center on the west coast.
2014 additions to the non-list
Dynasty real estate tycoons became rich in New York.
Jeff Sutton, ranked 642 in 2014 and 557 in 2015, is the founder and president of Wharton real estate, which buys and manages more than 120 New York cities leased to top fashion brands
David Walentas, ranked 1,210 in 2014 and 1,054 in 2015, is the founder of Two trees Management, which transformed the flying elephant from a shabby industrial zone to a vibrant neighborhood
Lesson 1: \"Why did you rob the bank?
On one occasion, a reporter asked Little Willie Sutton.
A prolific American bank robber
Sutton replied, \"because the money is there!
The moral of the story applies to any situation, just urging us to consider the obvious first.
Without exception, the four new billionaires on the Forbes list have successfully followed a clear trend: economic growth is increasingly focused on financial and innovation hotspots.
Even with their wisdom and startup spirit, it is impossible for them to succeed in American higher education, not on this scale. S. market.
This does not necessarily mean that the next generation of real estate billionaires will also stand out from the creative trap in New York and the Gulf.
As Wall Street traders like to say, this trend is your friend, but until it is not, until the valuation inflation limits the profit potential and increases the risk of loss.
Still, whether the next wave of real estate wealth comes from New York, San Francisco or elsewhere, investors who know that capital is always chasing growth are likely to benefit from it.
This dynamic has stimulated real estate demand.
With the beginning of yesterday, the value of the property has increased
Ups has become a landmark enterprise today and a magnet for attracting global talent and investment.
Growing companies need business space and employees need to live nearby.
Whether it is the fashion industry or technological innovation that drives economic prosperity, it needs a brick --and-
This is not only true in New York and San Francisco;
No matter where you live, you can find a local hot spot to attract the interest of businesses, consumers and investors.
Lesson 2: When David Valentas invested $12 million to buy a 2 million-square-foot Flying Elephant, where did the money go, the decision seems strange, that scared away all his partners and most of his bank relationships.
He also told the real deal on 2012 that, in addition to the ridicule of the opponents, the community committee habitually voted against walentas\'s rezoning proposal.
It was a difficult journey, but it was also an impressive one.
Today, an apartment in the Tower Building of walentas can be sold at twice the price of the entire original investment.
As a case study of community and real estate investment, Xiao Feixiang has achieved amazing success.
But it took Valentas 25 years to achieve his original vision.
That\'s why the next generation of real estate billionaires is more than just
Term investors who can accurately calculate the present value of future cash flow;
They will be visionary investors who will be able to maintain the courage of their faith for decades.
Lesson 3: You don\'t need to understand technology or fashion during the California Gold Rush. 1848-1855), the “forty-
Niners \"needs tough clothing that can withstand hard work.
He moved to San Francisco, but instead of gold rush, he sold his pants \"for hard-working people.
Similarly, real estate investors succeed by meeting the basic needs of people and businesses managing growth.
Jay Paul and Sanford Diller are not technical experts and Jeff Sutton has never studied fashion or design.
These people only see a trend in the market, which can be predicted to create demand for real estate.
Lesson 4: Find a nicheff Sutton who likes to tell interesting stories about his lucky break along the way, but these are not real stories about luck.
These are stories about focus, about the importance of finding a niche in a market opportunity that is not available to any investor.
Much of Sutton\'s success is due to his understanding of Manhattan\'s
Terminal retailer, he\'s in
Floor retail that significantly improved the profitability of his project.
He also showed extraordinary entrepreneur creativity.
He managed to reach a real estate deal that could be described as selling computers before actually building them.
Specifically, he changed the traditional order of buying commercial properties first and then looking for tenants.
Today, Sutton has about 130 properties for rent to tenants such as Prada, dujiabana, American girls and Armani.
All in all, the secret of making a billion dollars in real estate may not be secret. These self-
Let real estate billionaires accumulate wealth through visionary thinking and timely risktaking.
These features will not bring billions of dollars to all ordinary investors, but they will certainly give them more wealth.