I have some money which I wish to invest in real estate business but I do not know what steps to take exactly. Do I just look for a property and buy and then sell to a high bidder or what?
Real estate investment is always a good decision. But, before investing in real estate you should check for the property before buying it. Do planning before investing like how much amount you want to invest, where you want o invest e.g. in residential areas or in commercial areas etc. Do research for the area where you are investing that in future you will get benefits if you want to resell that property or not. Because, sometime we take decision without thinking and then will not get exact amount in reselling which we are looking for. So, check for all of the aspects before invest in property.
Get an Attorney and report them to the Better Business Beaurea. That would be a good start. Many Blessings Medium Darcy Dee
You have to buy an impressive location property. Which should be increased day by day with their costing and location value in the market. Then hold that property for a certain time. After that surely you will get a good return for your property.
You have to factor in the costs of holding on to the property (taxes, utility bills), repairs the need to be done, and selling fees to the realtors (usually 6%). So the house needs to be a great deal to create an investment opportunity especially in this market where prices are still going south. You should be specifically looking for foreclosures or hud homes which are usually priced below their value but may need major repairs. Become friends with a good real estate agent, home inspector, and repair people if you aren't handy yourself. Best of luck.
