Powerhouse Principles: The Billionaire Blueprint for Real Estate Success

By Jorge Pérez

Book Overview

The #1 private developer in the U.S. Jorge P rez 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 P rez 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, P rez details the financial opportunities in real estate, and instills the importance of total commitment, dedication, and hard work. P rez 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 P rez explains how to manage and grow investments over the long term. Emphasizing the importance of staying flexible in an ever-changing market, P rez 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.

• Format: Hardcover
• Language: English
• ISBN: 0451223721
• ISBN13: 9780451223722
• Release Date: May 2008
• Publisher: Penguin Group
• Length: 273 Pages
• Weight: 1.10 lbs.
• Dimensions: 1.0" x 6.3" x 9.2"
• Age Range: 18 years and up
• Grade Range: Grade 12 and higher

Customer Reviews

Real estate developer

Owning a small real estate development company I have always kept my ears to the ground listening and reading whatever books that could help our firm. Reading Mr. Perez's book, has been thus far the best, most honest real estate development book I have ever read. Unless your in the trenches, and are truly developing multimillion dollar projects, you might not fully appreciate the intricate and honest(and often hidden clues most developers won't ever mention)details. I personally met Mr. Perez only once at a meeting, and only got to shake his hand. He is truly an inspiration to people whom are doing what he has done many years ago. If you're building a single family home, you might not relate. Its a great book for professional real estate developers, especially the ones that wanna grow. An inspirational book especially in these though times.

amazing

i have over 255 books and most deal with inspiration, law and real estate. but this is by far the best book out there.. not just cuz hes from Miami, or not just because the real estate now is so horrible.. but this book you can apply to so many other things in your career, school, and personal life (determination, discipline, dedication)! its highly recommended..

Spectacular book on developing/investing in Real Estate

Beeing an experienced (and successfull) developer in Italy, I can assure you that the book is phenomenal. In this book I learned "something" that will increase my net-worth by the (many) millions. Thank you Jorge. P.S. For you that are starting out, get this book. You might not fully understand every single phrase of the book ... in any case you will learn a lot on the business of developing and/or investing in real estate

Best Real Estate Book I Ever Read

This book is the best real estate book i ever read, and i've read hundreds of books. The book does not only talk about real estate but also everything needed to succeed in any businesses. This is the first complete real estate course i've read. It is definitely the bible of real estate investing, development, marketing, negotiating,management and endless success principles. THE GUY WITH THE NEGATIVE RATING DOES NOT NO WHAT HE IS TALKING ABOUT. READ THIS BOOK IF YOU WANT TO SUCCEED IN REAL ESTATE OR IN ANY BUSINESSES.

Power Developer Writes Powerful Book

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