How to Make Money in Real Estate – Otmane EL RHAZI

Ways to Make Money in Real Estate

The basic idea for those buying and selling real estate is usually to purchase a property that is undervalued and then sell it at a higher price, possibly after some improvements are done to the property. This strategy can also be used to purchase properties during times of low prices and then sell them later when prices have risen.

Some individuals also make money in real estate by buying properties and then renting them out to other people or to business. This strategy involves having a certain amount of property management skills to be successful since you or your agent will need to vet potential renters, receive their rent payments, and then clean up and fix things after they have vacated the property.

Still others who are good at fixing up properties, or who are willing to hire someone who is, can make money in real estate by purchasing a cheap “fixer” property that requires repair or upgrading. They can then make the most cost effective improvements that will give the property a good chance of being sold at a higher price.

via How to Make Money in Real Estate.

Advertisements
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: