Introduction
Welcome to Fortune without Fear, the second book in the Make Your Fortune in Real Estate self-education books on real estate from Trump University.
Catch the Wave, the first book in the series, showed you a simple approach to building a fortune in real estate by timing your investments against trends in the marketplace, in society, and in your life.
Fortune without Fear teaches another set of critical skills that will help you build a fortune in real estate:
The Ability to Handle Risk
Why write a book about risk? Because risk is part of any real estate activity. You can analyze it, you can minimize it, but you cannot avoid risk entirely. Ultimately, your ability to handle risk will determine how successful you are in real estate.
A Story from the Early Career of Donald J. Trump
When Donald J. Trump was starting his career in real estate, he could have chosen a safer path than the one he ultimately took. His father’s real estate company had already developed impressive properties in Queens, New York. He could have built an enviable real estate empire there without ever crossing the river to become a major force in Manhattan real estate and beyond.
Nobody made him try his hand at in the real estate “big leagues.” Nevertheless, he was determined to take his enterprise to that next level. To do that, he had to face risk.
It is important to note, however, that Donald J. Trump was not reckless. He applied wise and prudent techniques to control risk, and then he acted decisively. That is the approach that builds success.
NEXT PAGE - A Rock - Solid Way to Minimize Risk
