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If you want to start real estate business, then you should first make contact to reliable real estate agent or a real estate lawyer. You should determine your budget means how much you want to invest? After, this find the property and decide in which kind of do you want to invest, commercial or residential.
Real state is a great business idea. I also try it. Here i am making 3 building at a time and will sell the flat after 3 months. I take a short step to sell it. I make 30 percent commission for each flat.
Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments, it is also capital intensive (although capital may be gained through mortgage leverage ) and is highly cash flow dependent. If these factors are not well understood and managed by the investor, real estate becomes a risky investment. The primary cause of investment failure for real estate is that the investor goes into negative cash flow for a period of time that is not sustainable, often forcing them to resell the property at a loss or go into insolvency. A similar practice known as flipping is another reason for failure as the nature of the investment is often associated with short term profit with less effort.
Any business beginning has to start with following process:
1) Identification of existing opportunities.
2) Analyzing the external and internal business environment.
3) Doing SWOT for the business.
4) Defining a goal and idea generation.
5) Pilot run for the idea.
6) Analyse the pilot run and implement.
7) Review regularly.
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There's different types of real estate investing. In today's market, I would avoid looking for fix and flips/appreciation plays and look for income properties.
While forums such as these enable you to get excellent feedback for your questions, for a question such as yours which is of a general nature, I think it might be better if you are able to provide more details about your goals re your investment etc...is this going to be a purely financial investment or would you be interested in staying in the real estate / property in future? if it is a purely financial investment, what kind of returns are you expecting?
I think if you are able to our down more specific questions re your goal and expectations, folks might be in a better position to provide more precise and useful answers
Just some thoughts, hope it is of help!
Like with any investment, you must understand the risk and rewords. The following is a link to an easy to use template, it will show you the potential ROI of any investment given a set of assumptions (than you can change easily).
---Ed Lichtman, RealEasyBooks.com ... accounting software for the busy entrepreneur 925-280-7769
Real estate is a one of the best place to invest your money and it is a best way to make money in the short time. It is very safe investment
Real Estate investment needs smart knowledge & it does require lot of practical experience in real estate field for good success. So better to learn under any expert investor, learn the basic things and investment rules and you will get better ideas & confidence to enter in real estate investment market. There are many course on how to start in RE that would help you also.
I`m interested in getting some of my equity moving in the form of income property investment. A couple of things I`ve learned so far, just from talking to people who are doing it:
1) Find a blue collar market/neighborhood where units sell between $60K and 100K, and the rents are high enough to create a positive cashflow.
2) Get a real estate agent in the prospective neighborhood and give them a percentage of ownership in exchange for managing the property (set up as a joint venture between 2 LLCs).
Any comments or further advice from the peanut gallery?
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Most of investor like to invest money in the real estate business and it is very less risky investment. It also help to earn money in short time
Before starting any business you should have its complete knowledge. You should first complete your studies regarding this and then get some training under any experienced person. This will help you to learn practical techniques and approach of your business.
Investment is the major obstacle in that business. When I opened my real estate company several people suggested me to Consider a Partnership with a company specialized in real estate, I was a novice in this domain and did not want to risk that much so I accepted the offer. Now things are going great and I don`t regret that decision, you should also think seriously about that.
I`m in the process of investing in the buy to let property rental market.
My advice is to talk to as many people as you can who are doing what you want to do, always over estimate your costs and make sure each property you decide in is surveyed thoroughly and be prepared to walk away even though you may have invested some time and money in your research.
Let me know if you want to correspond more as I have some real lfe sample drafts of cash flows which I am currently working on and business plan which you could crib from.
I am spreading my portfolio with some student rentals, some young professional and some holiday short term lettings in differing lcations.
I`m working on breaking even on costs for 2 years, and looker at the longer term game in terms of equity growth over 12 - 15 years as a pension fund with strategies for removing money being in terms of re-mortages when equity has increased and rental covers increased borrowings.
I am looking at interest only mortgages over 15 years with selling some of my potfoio at the end of that period to pay off the mortgages and retaining those that will give me the highest cash income when I retire
Also get a good accountant, tax adviser, legal adviser and real estate agent and talk to them lots. Be specific with your needs as this will help them. Also any professional help you engage try to get people who also invest in property as they will understand your needs better
You can acquire a lot of details from the city planner. They can tell you about new organizations that are going into the place, how many tasks they are developing, and the earnings variety for those tasks. This is useful details to have as a real estate investor.
Generally, the financial rewards of being a real estate investor far exceed those of the average corporate or hourly wages of many. This is a lucrative profession, but when you are building a real estate business, it requires persistence, confidence in one's abilities, positive attitude, and ethical practices in order to truly profit in an ongoing basis.
No doubt in it that Real Estate is a good option of investing but there are many more, as it totally depends which one suits you. Well in my case I'm investing in currencies of different countries, which I would say is a very lucrative way of making money.