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Real estate investing is unique in that it's almost as much a career or a way of life as it is a form of investing. Indeed, the fact that real estate is involves so much sweat equity makes it unique among other investments.

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.

The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.

I know about investment. It's really obvious - you buy property, let it sit for a couple of years and then sell it and reinvest.

I think of real estate as a little bit like cooking or like art.

In real estate, you make 10% of your money because you're a genius and 90% because you catch a great wave.

Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.

The best real-estate investments with the highest yields are in working-class neighborhoods, because fancy properties are overpriced.

I think homes are a palpable form of investment, and I understand them.

To be successful in real estate, you must always and consistently put your clients' best interests first. When you do, your personal needs will be realized beyond your greatest expectations.