| Powerhouse Principles: The Billionaire Blueprint For Real Estate Success | 
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Avg. Customer Rating:   (based on 2 reviews)
Sales Rank: 23037
Category: Book
Author: Jorge Perez
Publisher: Celebra Hardcover
Studio: Celebra Hardcover
Manufacturer: Celebra Hardcover
Label: Celebra Hardcover
Media: Hardcover
Number Of Items: 1
Pages: 288
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6 x 1.2
ISBN: 0451223721
Dewey Decimal Number: 333.30684
EAN: 9780451223722
ASIN: 0451223721
Publication Date: May 6, 2008
Availability: Usually ships in 1-2 business days
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Product Description
The #1 private developer in the U.S. Jorge Perez shares his billionaire secrets to empower both small and seasoned investors.
Known as the King of Condominiums and the Steven Spielberg of Real Estate, Jorge Perez reveals his principles for achieving success in the real estate market through a clear, step-by-step process. For the first time ever, this top developer shares his most coveted principles, teaching readers everything he knows now that he wished he knew then. Having started with $2 and today boasting earnings of more than $2 billion, Perez details the financial opportunities in real estate, and instills the importance of total commitment, dedication, and hard work. Perez specifies effective business tactics that will lead to evergreen profits, including:
Key points to smart investing
Cardinal rules for picking and building property
Commandments on negotiating the best deal
Valuable tips on securing equity
Powerful steps for selling property
Finally Perez explains how to manage and grow investments over the long term.
Emphasizing the importance of staying flexible in an ever-changing market, Perez offers personal anecdotes, key business philosophies, and top insider methods to inspire and motivate any investor and entrepreneur to achieve the ultimate success in real estate.
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| Customer Reviews:
 Horrible Book !!!! July 9, 2008
The book was horrible. I tried to finish it, but after trying over half a dozen times not to throw it away, I gave up. This guy may be good developing condos, but he and his editor couldn't write a book if their life depended on it. Obviously, this book was done for his ego, because he didn't reveal anything informative, helpful or interesting. It was extremely boring and poorly written. The book was more about how smart he thinks he is then about being a good real estate developer. I can name plenty of better real estate books. Do yourself a favor and do something more constructive with your time then read this book.... like buying a pre-construction condo in Miami..
 Power Developer Writes Powerful Book June 14, 2008
2 out of 2 found this review helpful
Powerhouse Principles: The Billionaire Blueprint for Real Estate Success is an entertaining read for the professional and an instructive read for the beginning real estate investor.
For those who do not follow real estate closely, Jorge Perez is the southern half of Related Companies (the northern half is his partner Stephen Ross who developed the highly successful Time Warner Center @ Columbus Circle in NYC and who has just inked a deal with Metropolitan Transportation Authority in New York to create 12 million square feet of commercial and residential towers above Manhattan's West Side Railyards).
Jorge has been the premier developer of quality condo's in Miami and Miami Beach AND most importantly, is still solvent and doing quite well thank you in spite of the bursting of the real estate bubble. Jorge and Related Companies have a well deserved reputation for upscale excellence that has served him in good stead.
How did he do it? Get rich and not go broke like many of his over extended competitors? What was his secret? Well, it is a bit like the secret to losing weight: eat less and exercise more. Jorge is a tireless advocate of financial discipline, hard work and SMART work. He knows his territory, he studies his customers, he knows his product, he knows his banks, he knows his subs...
Even tho he well on to his second billion, Jorge still runs scared, still acts and invests as if he could lose it all. In other words, he is aware of his downside on every deal and works hard to keep it minimal.
Jorge strives to know not only his job but the job of everyone around him; he advises the reader to continually 'pick the brains' of all their advisors, to find out WHY they give the advice they do, to learn as much as possible from them, in effect make them your tutors.
Jorge is evidently committed to being a life long learner and instructs potential investors to "read, read, read, read". Yes, that's right he says it 4 times.
While far from an how to manual (Jorge sends his readers elsewhere to get an understanding of IRR), Jorge does give a lot of practical advice, tells a lot of stories that give the reader a good flavor for real estate and make the book flow well.
Jorge covers
- Five Guiding Principles
- Four Keys to Successful Investing
- Ten Commandments of Negotiation
- Five Rules for Securing Financing
- Selling It: From Buzz to Frenzy in Five Steps
- Eight Rules for Building Profits
- Four Keys for Managing and Growing
- Three Principles of Change
A lot of common sense but would that common sense were common practice. Jorge writes in an easy to read manner, tells stories that make his points easy to remember and covers the same topic from several different angles which i believe is important to drive a point home and make sure the reader remembers and uses the info at critical decision points. To know and not do is to not know!
In the interest of full disclosure, i own a condo in one of Jorge's first developments, the Portofino. I almost bought it direct from Related when the building was first built (and i briefly met Jorge at that time), instead i bought in Manhattan. Years later i went an bought the same unit from the second owner and paid about two and half times what i would have paid Jorge.
If you want a more technical approach to real estate investing, check out my textbook at Construction Funding: The Process of Real Estate Development, Appraisal, and Finance and if you REALLY want to learn more about real estate investing, check out the University of Florida's Nathan S. Collier Master of Science in Real Estate Program at www.cba.ufl.edu/fire/programs/msre/
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