im curious as to how to make money in real estate w/o long term investments, im talking like doing it as a profession. Can you make 6 figures from buying and selling real estate, what are the best methods? wholesaling, flipping, renting. Im only 17"will be 18 in a few months" how can i get started at a young age? any advice would be great
Depending on what state your in and how the market is, you could in fact flip houses for a living. However real estate in itself is not a great way to make a living. You would have to wait for market prices to be perfect before you purchase an estate, and pray that the value of the property increases. It varies though. For example a house in Ohio that is worth 200K would probably be worth 600 to 800k in Pennsylvania. Its all about location. My advice, look at becoming a stock broker and you could invest in real estate companies as well as whichever company you want. That way you don't have the constant stress of waiting for someone to buy your house, which is never a guarantee. Buy low, sell high, and you will have your six figures in no time.
You may consider participating tax lien sales and buying of tax lien certificate as a start in building your career in RE.
I consider the one situation worse to spend money on truly property than the USA correct now might be U.K. Why now not spend money on india? Buy up as so much seashore estate as you'll be able to and spot in which it take you in 10 or 15 years while india is a superpower and americans are flocking there for jobs considering the fact that our economic procedure collapes.
