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" Perhaps the secret to making a billion dollars in real estate is that there is no secret. "
David Lichtenstein
Real
Secret
Real Estate
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" I'm an extrovert. "
David Lichtenstein
Extrovert
" I started my career buying and owning single-family houses, and I know that's a really tough job. Toilets break. Trees fall. There are so many things that can go wrong. Land, on the other hand, is cheap to manage. It's painless, really. All you have to do is pay your taxes, and that's it. "
David Lichtenstein
Fall
Know
Trees
" I'm not interested in having the second- or third-largest mall in Cincinnati. "
David Lichtenstein
Cincinnati
Not Interested
Second
" In Texas, they're very proud of being cowboys. It's a different atmosphere - a lot more agricultural. I can't, living here in Jersey, predict who they are. It's called respecting the community. "
David Lichtenstein
Proud
Texas
Community
" Growing companies need commercial space, and their employees need to live nearby. "
David Lichtenstein
Employees
Live
Need
" People from all over the world want to be in New York. This rather simple idea took me a long time to learn. "
David Lichtenstein
Time
People
New York
" To be human is to err, isn't it? "
David Lichtenstein
Human
Err
" I'm just a normal guy. "
David Lichtenstein
Normal
Just
Guy
" The annual 'Forbes' Billionaires List speaks volumes about the movement and concentration of wealth across industries and geographies. "
David Lichtenstein
Movement
Concentration
List
" I would rather be the only horse in a one-horse town than be the third horse in a big city. "
David Lichtenstein
Big
Town
Big City
" When you're in 45 markets, you take it on the chin here and there. "
David Lichtenstein
Chin
You
Here
" One valuable lesson I learned is that buying cheap is very important. Buying without debt is also very important. Leverage is your enemy. "
David Lichtenstein
Enemy
Debt
Important
" Whether an economic boom is fueled by the fashion industry or technology innovations, it needs a brick-and-mortar foundation. This is not only true in New York and San Francisco; wherever you live, you can find a local hotspot positioned to attract interest from businesses, consumers and investors. "
David Lichtenstein
Live
Fashion
You
" At the end of the day, nobody cares how much you tried, what the deal was, or if you were a good guy or a bad guy. "
David Lichtenstein
You
Bad
Day
" You don't have to be too bright to get into real estate. "
David Lichtenstein
Bright
Real Estate
Real