Here are some of the questions in the interview (along with the answers):
How did you get started in this business? What inspired you to start this business?
The first thing that drew me into real estate development was having the opportunity to choose from its broad categories and endless options that can go as far as one’s imagination. For me, it has never been about fitting in, but quite the contrary, from the very start I was driven by the idea of making a change, creating something different and making a big statement that is going to stand out from everything else that already exists.
How do you make money?
So far I’ve been fortunate enough to make earnings from my company’s portfolio. Basically, that means I make money by selling properties developed by my company for a price that is higher than the cost of acquisition of the land and construction, which means making a profit. Unlike many other markets, in the real estate market, you simply can’t succeed by purchasing a property today and selling it tomorrow, because that is not how this market world. Thanks to my experience and knowledge of the market, now I’m able to make smart decisions on when to buy properties below market value. I guess my management skills have also played a big role in creating appropriate investment plan before jumping into the process.
Read the rest of the interview here.