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 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.

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

Some people get a kick out of Taylor Hicks being their landlord.

Managing your own property can be a full-time job.

I'm happy to make returns of 4% to 6% a year on my real estate portfolio. If inflation comes along I'll be able to increase rent and have capital appreciation roughly in line with inflation.

Getting into the residential investment business entails lots of renovation work.

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.

I have a couple of properties. Bought some houses and just rent them out.

Never invest in anything that eats or needs painting.

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 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.

I've made money in real estate, hotel, and restaurant investments.

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

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.

I consider each business investment based on concept and revenue.

I ran my own business when I was 19, buying condos and renovating apartment buildings.

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.

My biggest extravagances are also investments. I have several houses in California, a house in Nashville, an office complex, and I bought the old home place in Tennessee. They are different places for me to write, but I can turn right around and sell them.

The essence of a good investment manager is one who studies a given business and extrapolates the future cash flows that the business is likely to generate over the next several years. Based on the cash flow and asset assessment, they can then arrive at their expected rate of return if they bought a fraction of that business at a given price.

Just as water is a key ingredient to growth on the farm, capital is required for businesses to thrive.

You don't have to be too bright to get into real estate.

I've never met him, but I love the simplicity with which Warren Buffett describes good and bad businesses and how he makes his investment decisions.

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