What about real estate business???

Discussion in 'Growing and Managing a Business' started by investormart, Jun 26, 2013.

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  1. investormart

    investormart
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    I want to ask that Real estate business is good or bad????Can it give us a profit???

    Thanks in advance for your suggestions..........
     
  2. Fergal

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    What type of real estate business did you have in mind investormart?
     
  3. thealchemist

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    whether you are referring to being a real estate agent, landlord, or flipping real estate, there is money to be made in all of them. It simply comes down to how much energy you are willing to use to get out of it what you want.
     
  4. investormart

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    I am asking that how can we make our customer to sell the property,how can we make the client and how can we contact with the builders????
     
  5. iggypop

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    We will need more information, but back to your original question the real estate business is doing pretty good right now and there are lots of profits that can be made you just have to be better than your competition.
     
  6. alicemenezes

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    Of course any business CAN give you a profit or it wouldn't be termed business? However, a real estate business requires a lot of capital and has a number of risks involved. It is a major business to step into and requires a lot of planning and analysis.
     
  7. ArcSine

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    Investormart, I've dealt with plenty of individuals over the years in the real estate game in one form or another. Many of them were consistently successful and many others flamed out sooner or later.

    One thing the success stories had in common was a solid understanding that the term "real estate" encompasses a wide range of subsets, and they understood that success comes from understanding the matrix of subsets and then specializing where they could best leverage their expertise.

    For example, you can break the term "real estate" down across several dimensions and sub-dimensions. There is rental property, which is further comprised of commercial (retail, office, industrial, hospitality, resorts, etc.) and residential (single-family, multi-family). There is the development chain, which has its own partitions. Within that category there are folks who make money buying raw land and flipping it to developers. There are developers who take it from the raw land stage to developed property. There are the builders and contractors who put the "sticks and bricks" in place and sell to owners, occupants, property managers, and so on. Every link in this chain is somebody who's taking their share of the total profit by specializing in their one particular niche (including property managers themselves, who are certainly "in real estate").

    Some people make their coin not via investment in the property assets themselves but rather via investment in mortgages and paper. They too are "in real estate". You can deploy your capital directly into specific assets, or you can diversify yourself across a portfolio of assets by investing in REITs.

    It's also important to break it down geographically. Retail properties might be a hot ticket in Town A and yet barely treading water in Town B; about to take off in City C and yet cooling off in City D.

    Just a very few examples here, but the important thing is for you to first get a clear understanding of how it all breaks down. Asking whether "real estate is good right now" betrays a lack of understanding on this point, a lack which might doom you to circling the drain very quickly.

    As Fergal and Thealchemist have already noted, it's imperative that you fine-tune your plan to focus on a specific niche (and geographic market(s)) before plunging ahead. Perhaps you already have your sights set on something very specific, and if so, great. But the generality of your opening question suggested otherwise. Best of luck with it, and keep us posted on your progress!
     
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  8. Business Attorney

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    Arcsine gave a very thorough outline of some of the major factors in choosing when, where and how to invest in real estate. Like Arcsine, I have worked with real estate professionals of virtually every conceivable stripe over the past 35 years - developers, investors, brokers, syndicators, lenders and more. Regardless of how good or bad the particular market is, there are some people who make money and some people who lose money. Even when vacancies are high and values are dropping, you can still make money if you know what you are doing and have a little luck on your side.

    Like any business or investment, you cannot completely eliminate the risk so you have to try to minimize the risk as much as you comfortably can. But reducing the risk almost always means reducing the potential gain. You can lessen the likelihood of losing your property in an economic downturn by putting up more equity and reducing the amount of debt you take on. But doing so reduces your leverage and thus your upside potential.

    I've known people who have lost millions of dollars in real estate due to over-leveraging their investment but I also know others who are millionaires BECAUSE they used leverage (i.e., other people's money) to buy much more real estate than they could have done with only their own funds.
     
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  9. leokhan

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    Hello, investormart
    There are many suggestions and views for your question of real state business. And my opinion is little different, first of all any business needs hardwork and dedication. Real estate is also a quite good industry and you can make a good amount of money from their.
    And for contacting builders or clients or customers for real estate purpose, you should go for marketing and advertising of your real estate business. You can go for offline or online marketing strategies to make popular your real estate brand and business.
     
  10. platnumcn

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    Real Estate business on the whole is lucrative, if you are ready to play the market well. Whether you just wanna be a consultant or a property reseller or anything, you should play patience with the ups and downs in the real estate market. You should be ready to jump in whenever you see opportunity and hold back when you see that market situation is awful. If you do everything correct, real estate can bring you a diamond mine with it.
     
  11. AnushaJain

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    I am listing you the tips for getting the customers for real state business,have a look on it:

    1.Acknowledge the customers about the advantage of your property like market,multiplexes,temples,petrol pumps,hospitals,schools and colleges.hotels all are near your land and if not ,then try to convince them that your city is expanding towards your direction and this all are opening soon near by.

    2.Convince them mentally them it is very good and comfortable land or construction according to vastu shastra .

    3.Convince them by telling that it is the most civilized and pausch area and its rate will increase in the coming years.

    4.If any natural beauty is near you land, try to convince them about the sea side property or landscape or waterfall area types..

    5.Mostly people wants on road properties,so say them that your land is on the main road because the rates of main lane properties are very high and will increase in coming years..

    6. If you have some budget,then you may offer some gifts also like gold or diamond jewellery on one booking,or 1 car on purchase of atleast the property of 50 lakhs...


    These are some ways how you may lure your customers :)
     
  12. Michael Leng

    Michael Leng
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    Dear Fergal,

    I do love buying room/condominium and lend it. Just buy the one in the busiest location such as closing to manufacturing/factory, office, university...

    You know, some room making money from rent cover the amount to pay for bank's loan installment.

    Regards,
    Michael Leng
     
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  13. JAkz

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    Consider Business Centres/Serviced Offices as an option...

    I've been reading the answers and I would like to add that real estate has a wider range of products. Have you thought about business centres? I know it does involve a big investment, but nowadays entrepreneurs or business startups are using these types of serviced offices.

    Why? These serviced offices provide the business a variety of services that are suited to the needs of any business, regardless of how big or small it is. Modern Business Centres have also a worldwide network offering offices in all parts of the world.

    For example: you can have a day office in Riyadh a business address in Tokyo or a boardroom in Sydney.

    This is possible because of the high demand there is in global cities like the ones mentioned and users only pay for the time spent: you can rent for an hour, a day, a month or a year.

    I hope this answer widens your view on real estate :)
     
    #13 JAkz, Sep 27, 2013
    Last edited: Sep 27, 2013
  14. Changed Creation

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    Hi Investorsmart
    This is not what you want to hear. Yes real estate is a good business for some to be in and they make a lot of profit, but it's a really bad business for others to be in and they make an incredible loss. It all depends on how skilled you are in that kind of business. I'd advise that if you are really interested in this field, take mentoring from someone in this industry that can properly teach you their skills, so that you can duplicate what they do. But do this from someone with a proven track record!
    See if you can find someone in your area, or go to propertyschool.co.za and start gaining knowledge with the free course the 7 Laws of a Property Investor where you learn how to make 88% on your property investment, even in the worst of recessions, with the safest investment strategy on the market. I'll vouch for his claims! This guy really understands property investment and how to drive it as Real Estate business. As long as people need housing, real estate will be good business for some. You need to learn the lingo, the vehicles people use to advertise what they want and the tools they use to get what they want. You need to know the tools to evaluate opportunity. The Dlai Lama once said, "Learn all the rules so that you can break them properly!", but definately shorten your learning curve by learning from someone you can trust. A mentor, one who has the track record to show he has done it, and can show you the way!
     
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  15. Bagchi

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    Hey do you want to start as a real estate broker? you can meet and tie up with the existing real estate brokers. Make adjustment with them. they will share the available flats with them. after you bring clients to them, they share part of profit with you. You can create a page on facebook as real homes. Keep posting information related with good homes. what things you should look before purchasing a house. It should be full of information. you will attract buyers.
     
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  16. sameera

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    Hello Investormart, real estate is one of the best fields for the people who now how to deal with People and how to satisfy them n the basis of their estate needs in their prescribed budget. If you are confused about how to make Clients but you are confused from where you can start then as you know that Social media is one of the main thing that almost everybody is using. You can use sites like Facebook, twitter, and professional sites like Linkedin in order to tell people about y our business without need to pay. You can do well, if you will grab audience from such places.
     
  17. kabirsingh157

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    It depends on the kind of venture you plan to jump into. If it's investment, you need to look for a property which you believe will gain you a good profit. For that, you may need to consider a hundred factors such as location of the plot, current economic slowdown, etc. However, in the end what matters is, if you choose the correct time to invest and the correct time to lift your investment.
     
  18. Mark Robinson

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    It's hard to predict the turns of the real estate market. But if you do your research on the property you are interested in and the comparative appreciation of your neighborhood, you can ride out the ebbs and flows of the market and come out ahead in the end.
     
  19. Michael Leng

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    Real estate biz good or bad?: Good
    Make profit?: Sure

    You land, house, condo and other property. If you have skill of management, you are going to be rich. You can contact and have some advice from any bank's consultant for business investment. They have good information and business over view.

    Good luck!

    ( Don't forget to aware for business risk too, every business is not always succeed, consider both side of your hands.)
     
  20. LeroySimpson

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    Yes, real estate business or investment is one of the good path for money saving and business start up. Now a days this must be the secure and profit gaining process, what one should have to take care is the basic process of starting a real estate investment.
     
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