Thursday, 12 June 2008

Nextville Barbara Corcoran: Dump the 2nd Vehicle

Barbara Corcoran’s credentials include straight D’s in high school and college and twenty jobs by the time she turned twenty-three. It was her next job, however, that would make her one of the most successful entrepreneurs in the country, when she borrowed $1,000 from her boyfriend and quit her job as a waitress to start a tiny real estate company in New York City. Over the next twenty-five years, she’d parlay that $1,000 loan into a five-billion-dollar real estate business named The Corcoran Group. She sold the business in 2001 for seventy million dollars.

Do you think she might have some valid advice for us during this recession (?)/mortgage crisis? I guess. She says that NOW is the time to invest. Particularly in the states with the most housing troubles. Prices are way down.

She says to sell your second vehicle and use it for a down payment on an investment property or a second home. The car will not make you money - it will only cost you money. The new property will make you a sound investment.

She also says things like:

If you don’t have big breasts, put ribbons on your pigtails.
When the clubhouse is quiet, they’re probably not making spaghetti.
If you want to be a cheerleader, you better know the cheers.
When there are ten buyers and three puppies, every dog is the pick of the litter.
Jumping out the window will make you either an ass or a hero. You’ve got to bully a bully.

Sounds pretty genius to me.
Here are her best picks of places.


lifeinredshoes said...

I like the way this woman thinks!

American in Norway said...

Ditto life in red shoes.... wish I had 70 million dollars off of one of my Great ideas! : )