I was lying in bed halfway sleep this morning and i over heard a infomercial about how regular everday people where making big money in real estate buying and saleing foreclosed homes. They sounded genuine . I never realy considered doing this and don't know the first thing about it. Can anyone tell me how i get into it step by step?
The first thing you need to understand is that the people pitching the infomericals are SELLING something and I do not care if the pitch is on real estate, online income, tax sales, or networking; they ARE ALL sales pitchs. And IF their program worked SO GREAT and made so much money then why are they spending THEIR time and effort making commercials and not out USING their program? It's because they make MORE money selling to program then they do USING the program. Can you make money in real estate? Yes. Can you buy and use one of these pitchs to make money? Yes; BUT you do NOT need to buy te program to learn how to make money in real estate. Less then 4% of the prople who attend these seminars buy the material and of those who do but the course less then 1% ever make a profit and this is mainly due to the fact that they never invest the TIME and EFFORT to learn and put the material to use. Your BEST way to make money on ANYTHING is to put some effort into it and asking us to tell you how to do it, step by step is NOT going to make you rich until you get out of bed and put some effort in on your part.
Real estate is good if we use it in proper manner and with your soft skills which are very helpful while dealing with customers.And also it depends upon various factors as economy.financial crisis geography etc.So we can't assure to own only profits sometimes we will have to face huge loss.
I just got licensed, and I don't plan on quitting my day job anytime soon. I am not depending on it for making any money for a while. I have been doing some advertising and I hope that someday I will make some money from it. I have made some $$$ on a home in CA and moved to MO and have 2 rentals plus my own home. I have also bought a bit of land I can build on. Whenever the market turns, I plan on using the equity in the rentals or selling them to slowly build out the land I have. I have been licensed for only a couple weeks, and only talked to a few half way interested people but nothing is yet to come of it.
A dear friend of mine is a Real Estate Broker. We were discussing this same thing the other day. His cut............there couldn't be a worse time to get involved in real estate for purposing of sales. The only activity is taking listings for homes that are at risk -and- might never sell, at least in the foreseeable future. The $$$ right now are in writing BPOs (Broker Price Opinions) whereas the Realtor is commissioned by a bank or mortgage company to set a value (opinion) on a home for inclusion into the MLS. You drive to the property, take a picture or two, write a description, assign a market value (based on comps,) and remit all to the requesting potential lender. These BPOs generally pay $200-$300 each -and- there are as many available to write as there are empty homes !!
jjBeing a real estate agent is very profitable but also highly competetive. In my area there are over 400 agents and many people are now selling privately.Investing in realestate is always good as the value of land is steadily rising.Most people I know that worked or had their own business made more on realestate than anything. I flipped a house in 1 year and made 50,000 which paid off the mortgage on the next house....so... Tell you what if you stick to it you'll always have a job. Everyone will need somewhere to live now, 5 years, 20 years and 50 years in the future so as long as there are people there'll be housing and a demand for Agents. If you mean by investing now is as good time as any. There is a housing shoratge in Canberra, Australia and it's great for invesors to expand their rent roll. I don't know what i's like around the world but again where's there are people there is a demand for housing. Supply and demand will dictate when the market is stronger and when he best time to buy or sell will be influenced by tax rises and falls. You can always try i and if you don't like i stop but you'll still be qualified o come should you wish to ry it again! I assume that you mean being a real estate agent. The average real estate agent only makes about $30,000 per year. But MANY of them are part time. If you are dedicated and work hard and smart you can make a tremendous amount of money. The sky is the limit. You may have to invest some of your own capital. Running adds, driving your car ect. can cost a lot of money. There are so many different ways to approach this job. IE you can sell residential, commercial, ect. My suggestion is to have a full time job and be real estate agent in your spare time at first. When you feel that it's time, then quit your day job.
