Scott McGillivray Quotes

The idea of going into the property business and collecting rent four times a year and waiting for five-year rent reviews has limited appeal.

I want to be a successful landlord. I like real estate.

I put all my eggs in one basket and invested in property. I didn't do anything internationally - it was all in Ireland.

Did you know that the state is the proud owner of a condo complex in Conway? This budget adds a real estate manager position to assess what we own, and sell those properties that we don't need and shouldn't own.

When I bought my house in L.A., that was the best business decision I ever made, until the housing market crashed, and it became the worst business decision I ever made.

I began playing Monopoly for real when I was 26 years old. Today, my wife and I have approximately 1,400 little green houses - each paying us monthly. You do not have to be a rocket scientist or have a Harvard degree to play Monopoly for real.

Your initial instincts about investments and people are usually correct. We do a lot of due diligence in this business and most of the time it comes out where we started.

Buy land, they're not making it anymore.

We were using the record as a tool to invest money into real estate all through the South, because we were living in an era where the South was changing.

Investing in Chicago property is just Wanda's first move into the U.S. real estate market.

My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful.

Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.

At the end of the day, the Irvine Co. is slowly being transformed. Our long-term goal is to transform what was once an agricultural company to a development company, and to that, the next, final step is to create a large real estate investment company.

I'd like to flip houses.

I made some money, some real money on my first real estate transaction.

I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.

I still think buying a home is the best investment any individual can make.

There's a difference between buying a few places yourself and getting into the property game.

I love the whole of California, I have places... my whole thing is with all the money I make, I just want to buy as many places in California as I can because I love it.

Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.

People who want to make a million borrow a million first

A great property manager is key to success in real estate.

Men are fools to invest in real estate.

Everyone said, 'You can't lose money in real estate, because they're not making any more of it.' Hmmmm. Where did everyone go wrong?

Diversify your investments.