Quote

I buy things that are good properties that I'm going to have forever. I just don't have any intention to sell anything. I believe you acquire good assets and you keep them and operate them.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

Buy with your heart, not your head. You can look at all the aspects that make a purchase practical, but that kind of thinking makes it an investment rather than a home.

Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from.

Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.

Look: invest in what you understand, what's foreseeably going to offer real value and returns, not necessarily what's trendy.

I always felt like if you get to a point where you've got enough money to invest in something real, you gotta invest in anything that's related to a natural resource because that's gonna be here forever - so you might as well invest in something that's gonna be here, rather than invest in something that's gonna wear out.

I know how to finance something. It's easier today because, as you're more successful, everybody wants to do deals with you. But even in the beginning, when I took Landry's public, I owned 100 percent of it. I never had investors or anything. I was just always able to find a way to do it.

People should buy a house to live in, not as an investment. Property has become such a national obsession - it was the primary subject at dinner parties and how many television shows were dedicated to the market. It's not good for the economy.

You have to invest the money in a certain thing, because, you know, at 40, I want to enjoy my life. So I do a lot of investments. Apartments back in Russia and New York. It's a good thing to do.