Business become popular when you do it with your full passion and energy. And in my thinking real estate business is good business now a day for a beginner.
Buy Hi Sell Low
Well buying low and selling high may be the concept, but it dosn`t allways work that way. You may find a deal thats 10-15k under market value, and instantly you get excited. Then next thing you know theres closing costs ranging around $1500-$5000 and there are simple repairs that need to be fixed before it`s sold. Well alot of the time those little repairs add up quickly, you may have to have carpet put in, you may have plumbing issues or electrical problems, you can easily end up spending another $1000-$5000 in repairs. Now your down to around $5,000 maby $10,000 in profit....maby, because the fact of the matter is that the property is only worth what someone will pay for it.
Heres just a few simple tip`s to make sure you get what you pay for.
1. Repair check list: find out what works and more importantly what dosn`t in the house.
2. Appraisel: You don`t have to get an appraisel, but you will need to find out what the surounding houses are going for.
3. Money owed: This is easier said then done, but if you can find out what is owed on the piece of property you will beable to negotiate from a postion of power.
4.Make sure theres room: Make sure that when you get into a piece of property you have the right price. A good deal will be a no brainer when you find it, You will generaly want to find housing around 20% under market value. If it`s 19% don`t blow a fuse, it can still be a good deal.
One fascinating thing that I discovered when looking at the Forbes 400 is that all of the people who are billionares, they all had one thing in common. They all had their piece of real-estate somewhere that was an investment. For Example:
Oil Industry-Had their rigs etc.
Hotel Industry-Obviously their hotels
It goes on forever. I dont know much about real-estate investing except a passion for watching it grow and taking the Carlton Sheets course. I think if you look in history stocks may rise, the value of the dollar may fall, or the interest rates go up or down. But the price of land/buildings will always go up.
Obviously with the right research and timing.
Real estate is very hot as well as fast growing business and it is also my favourite business. It is very safe investment compare to other.
Not so long ago i read a book by Donald Trump called Think like a billionaire. In that book he had explained some of the secrets to his success in the real estate business. One thing that i took note of was how one should use the services of professionals before buying a house. Like for instance hiring a property appraiser to asses the true worth of a house. Also using the services of a property agent to look for a house instead of doing it for self. Since that time i have developed a great interest in real estate and everyday i continue to learn more about the industry.
Investment in real estate is best ways to earn money and really i like to invest in real estate. it is very safe way to invest your money.
Most of the investor like to invest money in the Real estate business and It is one of the best way to earn money in short time.
Investing in real estate business is a good choice and it returns a huge profit if done wisely. Now-a-days it is considered as one of the safest method to invest your money. Real estate agents can help a lot in providing a good deal to their customers and hence provides them a good place for investment.
Real estate is high risk business, if you have no experiance because its totally depends upon the economy of your country, if its stable then its take you at the peek otherwise when whenever your country's economy dominates you'll be ruined...
It is true that investing in real estate can very helpful to earn reasonable profit but there are many hidden documentation which can be harmful for new investors.
Take a long-term view and realize that investing in property is usually a long-term strategy: The housing market is generally a 7-10 year cycle; there are always highs, lows and steady patches. Make sure you’re comfortable with how much you’re borrowing, and you know what your financial goals are.
Trading in the Forex is an extremely profitable and super easy market to get started in. This is far more money than the stock, bond, and future markets collectively. Forex trading is a very lucrative way to make money from home or from work.
If your have more money and experience of 4 to 5 deals.
Real estate investment is the process of making money from property. It is differ from traditional method of getting a mortgage to buy single house and then selling it in profit.
Real estate business is risky if you don't have knowledge about it.
Its a best idea if anyone wanted to invest his money.Real estate market is the boom every time. Its a risk free investment. You can buy plots, flats, ready made houses and can sell it after some years , it will definitely give a better response rather than investment policies or share market.
Real estate business is a business of risk. People might loss their entire saving in this business if they made wrong investment therefore make investment in under guidelines of an experienced agent.