| Is real estate business good money making? |
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Elmira Nancy
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| Is real estate business good money making? |
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Does real estate business make good amount of money? I want to become super rich in the future.If not, what other business do you recommend for good money making?
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Mon Feb 01, 2010 12:08 pm |
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Sime
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Moved to Real Estate since this is not an offer.
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Mon Feb 01, 2010 3:34 pm |
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oldguy
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quote:
If not, what other business do you recommend for good money making?
Real estate, and most other businesses, are good money makers IF YOU FULLY UNDERSTAND the service you provide and are able to do it better and faster than your competiton. And if you don't understand it fully, you will go broke quickly - that is why new start-ups have an 85% failure rate. So education is the key.
Many failures are due to the desire to have a 'feel good' business - a pub where everyone knows your name, a B&B in a Lighthouse, a cozy restaurant, a botique, an antique shop, a Lodge in Alaska, a gun shop, yada.
But real businesses that provide a service make money - like cleaning septic tanks. No one wants to do it so there are no Do It Yourselfers to compete with. Lots of market elasticity, you can charge a big fee and still get business.
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Mon Feb 01, 2010 4:00 pm |
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C9Consulting
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I'm not sure you'll get "super rich" in real estate if you aren't completely enamored and passionate about it. But if you start now, you may make a considerable amount of money if you can stay above water until the market comes back into full swing.
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Thu Feb 04, 2010 10:54 pm |
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TheCaptain
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I could not agree more with oldguy. If you want to be "super rich" then plan on getting your hands dirty and working harder and smarter than your competition. If you are looking for the quick buck you are in for some surprises, and just like many business ventures real estate can kick you in the teeth, especially with the leverage it provides.
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Tue Feb 09, 2010 4:03 am |
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David Devis
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yessssssss... its a good business to make good amount of money
different techniques of buying real estate at below market value....
1st ...When anyone cant pay the mortgage... banks move in quickly to seize the property to ensure that they get their money back.... This is called foreclosure 2nd..fixer-upper Some houses look run down, and are in need of repair. Some owners either can't be bothered to keep their houses looking nice, or can't afford to hire someone to do the upkeep. While some fixer-upper houses just need a coat of paint and new windows, others may have serious structural problems...3rd No money down schemes usually involve looking for motivated sellers, making a zero down offer to buy the property...Last, is optioning a property. In optioning, you find a motivated seller and offer to buy an option on the house for a small amount
thank you 
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Wed Feb 10, 2010 9:55 am |
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alexender
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Real estate is one of the best ways which can be beneficial to earn a huge amount of profit. Real estate is a huge business and i have seen people becoming millionaire from it.
http://www.fharemortgage.com/FhaFixedRate.aspx
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Thu Feb 11, 2010 2:03 pm |
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