Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. ↗
It's rumored that doing well in real estate is to be able to close a deal. I did not find that to be the case for myself, I was probably the worst closer out there and I didn't find that was true of my top super stars either. ↗
Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk. ↗
Nobody wants to read about the honest lawyer down the street who does real estate loans and wills. If you want to sell books, you have to write about the interesting lawyers - the guys who steal all the money and take off. That's the fun stuff. ↗
In an approximate way, the logic of commons has been understood for a long time, perhaps since the discovery of agriculture or the invention of private property in real estate. ↗
Billy not only had a distinguished career in the Legislature, but he also has great business instincts and has done exceedingly well making investment decisions in both stocks and private ventures such as real estate. ↗