Dolf de Roos Quotes
100 Dolf de Roos Quotes
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With sufficient financial intelligence, you gain the confidence to do really well. And with the confidence comes daring. And when you dare to try, you practice. And through practice, you develop ability. And the more you exercise this newfound ability, the more your financial intelligence will go up as you learn new techniques, or nuances of old techniques. It becomes a positively reinforcing circle. You get better and better at it.
Dolf de Roos
One day you may even wake up, realise that you are making more from property than from your regular ‘job’, and quit your job to work full-time on investing in real estate.
Dolf de Roos
You can buy many dollars’ worth of property more than you are paying for.
Dolf de Roos
You can massively increase the value of a property without spending much money.
Dolf de Roos
You do not need to sell a property to reap the benefits of any growth.
Dolf de Roos
You do not need to monitor your properties from moment to moment like a hawk.
Dolf de Roos
Property prices tend to increase relatively smoothly and consistently.
Dolf de Roos
Property has exceptional tax advantages.
Dolf de Roos
The fluctuations of any one property relative to the national average are very low.
Dolf de Roos
[On property] It is the simplest, most reliable, and most consistent vehicle I know to convert even a little financial intelligence into a lot of cold, hard cash.
Dolf de Roos
The 100:10:3:1 Rule. If you look at 100 properties, put offers in on 10, and try to arrange financing for 3, you may end up buying 1.
Dolf de Roos
On average you must look at 100 properties in order to find ten worth putting offers in on.
Dolf de Roos
Good deals are not just there for the picking. You have to spend a bit of time to sorting the wheat from the chaff.
Dolf de Roos
This whole concept of looking at 100 properties in order to buy one is a daunting concept for many people. You need perseverance to make this work.
Dolf de Roos
Buying properties is a numbers game. Look at a lot, and you will find some gems. Look at just a few, and you will find evidence to support the theory that ‘all the good ones have been taken.’
Dolf de Roos
By looking at 100 properties in your target market, you will get a great understanding of what is a great deal and what is not.
Dolf de Roos
There is no one magical source for great deals.
Dolf de Roos
A property is not always worth what a real estate agents suggests…
Dolf de Roos
A property is not necessarily worth what an appraiser thinks it is worth – some may suggest a price on the high side to appease a seller, or a price on the low side to appease a buyer.
Dolf de Roos
A property is only worth that price at which a willing buyer and a willing seller agree to transact the property.
Dolf de Roos
A real estate agent worth his salt will know what you are looking for, and not waste your time with properties that you would turn down in a hurry.
Dolf de Roos
Work with agents who are themselves investors.
Dolf de Roos
So long as you have some degree of perseverance, you can easily leave competitors way behind.
Dolf de Roos
[On offers] I am rejected more often than not. But the few times you are welcomed makes all the rejections worthwhile.
Dolf de Roos
The more properties you get to look at or consider… the great the likelihood that you will find your next deal that sounds too good too be true.
Dolf de Roos
The trick is to find a property with a twist.
Dolf de Roos
A bargain is a bargain…
Dolf de Roos
Once a dollar is in your bank account, it does not matter (and no one will ask you) if it came from a posh part of town, or an average one.
Dolf de Roos
I would say that for every twenty calls I make where the deal sounds too good to be true, probably nineteen of them are. However, the twentieth deal usually makes the time wasted phoning the other nineteen hopefuls worthwhile.
Dolf de Roos
In my experience, litigation is not a good way to increase or improve in any way your passive income. Rather, it just tends to increase the active income of the attorneys involved.
Dolf de Roos
You can write your own rules with real estate…
Dolf de Roos
Banks want to give you money. Let them give it to you!
Dolf de Roos
Money is just a commodity.
Dolf de Roos
I do not buy property to own the land, as the land in and of itself is non-productive. I do not buy property to own buildings, as they deteriorate and require maintenance. I do not buy property to get tenants, as they require management. The biggest reason why I buy property is to acquire debt, for the simple reason that the amount of debt stays the same, but the asset against which that debt is secured goes up in value.
Dolf de Roos
When you owe the bank $5,000 you’ve got a problem. But when you owe the bank $5 million, they’ve got a problem!
Dolf de Roos
The only appreciating asset for which banks are pleading with you to take on debt is property.
Dolf de Roos
The more you play this game, the more that banks will want to give you money.
Dolf de Roos
How to get a tradesman to do your work first, always… The method is, simply, to pay the tradesman the same day that you get the statement.
Dolf de Roos
The biggest mistake that I see property investors make is trying to be too friendly with their tenants.
Dolf de Roos
One of the toughest things you may ever need to do as a landlord is to evict a tenant.
Dolf de Roos
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