I was chatting with a friend on what best to do to get a steady source of income and he talked about investing in real estates. i’ve never done real estates investment so i’ll like to know if its a sure way to make good money
Investing in real estate has been one of the hottest business trends today. The industry has proved to be very profitable despite the shaky economy that we are currently facing. Through the years, it has made many millionaires and billionaires – beginners and experienced alike. What does this entail? This simply means that one does not necessarily need to have a solid real estate background. All it takes is firsthand real estate mentoring along the way and you are sure to useful insights which you may want to apply in your business. Below are some mentoring tips to help you get started:
1. Find your niche. Real estate offers a wide range of areas to choose from – rehabbing properties, flipping houses, wholesaling houses, rental properties and many others. Before you take your pick, take time to evaluate your strengths and your weaknesses not only as an investor but more importantly, as a person. Will you be good at rehabbing? Or do you think wholesaling houses will be best for you?
2. Always make sure that you buy the right property. One very important reminder to keep in mind when investing is to purchase the right property. One of the common mistakes that new rehabbers make is buying a property located in high-demand areas. Experienced investors think that houses located in low-profile areas make more profits than those located in classy neighbourhoods.
3. Join an REI Club. Joining a real estate investment club gives you the chance to expand your network. More than just that, it also gives you the chance to learn continuously. Ask around and observe. The best real estate coach is the one who have experienced the industry themselves.
4. Where will you get your financial capital? Will you get your capital from your personal savings? If you plan to borrow from banks or other traditional lending institutions, keep in mind that you will be asked to pass a wide range of documents to get your loan approved.
5. Do not dream too big on your first project. If you want to make sure that you will succeed, keep your first project simple and feasible.
Housing Crisis – Analysis and Discussion with Harrison LeFrak of LeFrak Organization: Commercial Real Estate is in a Slow-Motion Car Crash; No Green Shoots Ahead (Bloomberg News)
Duration : 0:4:59
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I plan to leave it and hope it will turn to be a big profit after 2-3 years.
Any suggestion?
I like the Cohen & Steers Premium Income Realty Fund, Inc
Stock symbol RPF.
Cohen & Steers Premium Income Realty Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide high current income. Its secondary investment objective is capital appreciation. The Fund will invest at least 90% of its total assets in common stocks, preferred stocks and other equity securities issued by real estate investment trusts (REITs) and other real estate companies. It invests in sectors, such as diversified, regional mall, office/industrial, apartment, healthcare and shopping center. The Fund’s investment manager is Cohen & Steers Capital Management, Inc.
China’s real estate boom has further deepened the divide between the haves and the have-nots as the country’s middle class struggles with soaring property prices.
Wen Jiabao, China’s premier, on Friday pledged measures to curb speculation in the country’s housing market and rein in soaring prices, but with real estate accounting for 10 per cent of GDP, making any changes would not be welcomed by investors.
The dilemma for Chinese leaders is finding a balance between their need for prices to stabilise, while avoiding a property price crash.
Al Jazeera’s Melissa Chan reports from Beijing. (6 March 2010)
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Please don’t send me to google. Can`t find what i need.
To sell Real Estates oline you need to use classifieds – best option and is where people are mostly. Classifieds such as http://www.sellit-right.com is good and accepts property sellers / advertisers. Others such as http://www.classifieds.co.uk is another oe to use.
Have you tired Video and word of mouth marketing techniques and also Blogging and also Leaflet distribution.
To this daily.
absolutely yes,, one office might have the original listing, but another office might have the buyer.. so they share commission..
Charlotte NC Charlotte real estate Charlotte homes
A 4 minute introduction to life in Charlotte, http://www.terrymcdonaldrealestate.com , the heart of the New South. It is a fact-filled introduction to the Queen city, an economic powerhouse of the south. The video shows Charlotte for what it is- a large modern city in the South, thriving, growing and working through this recession. Updates available on the CC channel
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How good it would be to buy a residential property in Ahmedabad in term of investment?
Hi,
If you mean expensive (=costly) cities, two cities of Gujarat figure in the top ten list. Ahmedabad and Surat both are included in the list.
Feb. 25 (Bloomberg) — Martin Cohen, co-chief executive officer at Cohen & Steers Inc., talks about the state of the commercial real estate market. (Source: Bloomberg)
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Looking to buy a house and been working with a real estate agent. I was searching on buyowner and saw a couple of houses that interest me. I’m not sure if I should go to see the houses on my own or let my real estate agent know about it too. I do feel bad if she doesn’t get any commission on it becuz she has been working hard in showing me houses.
BE CAREFUL.
If you have signed a contract with a real estate agent, and you buy ANY house, the agent will probably be due a comission. READ THE CONTRACT THAT YOU SIGNED. If you buy a FSBO (for sale by owner) that owner is under no obligation to pay a comission to the broker. Which means, that you could be on the hook for 3% of the sales price. That would be an extra 3% ON TOP of what you pay the buyer.
If you want to buy a house that’s FSBO, make sure that your contract with the real estate agent is not in effect when you make the offer. And make sure that the agent didn’t show you the house. If they can proove that you made an offer on the house while you were under contract with them, or that you found the house through them, it’s likely that the contract that you’ve signed with them will provide for a payment of comission.
You can see if the seller is interested in paying the real estate comission to your broker, but I would imagine that most sellers would not be interested in that arrangement.
I wish you luck, and I hope that helps.