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Real Estate Investment
If you are considering the fact that you wish to invest in real estate, then the choices are wide and varied. The decision could be said to be a wise one because there has been fortunes made through these investments, alas there has also been many losses but these are perhaps not so well publicized.
However, if you are looking at real estate investments before looking at the options, you need to know if you are cut out for this. You need drive and determination, some capitol to back up those initial investments, you also need nerves; money is not always quick in appearing and at times, you need to play hardball to get your just rewards.
Now, to the type of invests available: Obviously the first would be the purchase to later sell; you buy a property at the right time and then sell it when the prices rise. You can make a tidy profit. If you target houses that have been repossessed, you can purchase the property at very healthy prices, repair any of the faults that come with this purchase, and then sell at a very high profit.
No one likes to profit from someone else's misfortune but this was not your fault so you have to think of your bottom line.There is then the rent to buy option. Here you rent the property out but have an agreement with the tenant who has the option to purchase at a later date if desired. This gives you peace of mind knowing that the tenant will treat the property well and that you have a nice monthly income.
The option to rent is self explanatory; again the monthly income works well.There is then the flipping option. This is a high profit margin but it is also littered with dangers if you undertake this venture at the wrong time. Basically, you buy cheap, renovate at cost then sell high. If the market is susceptible, you can earn a huge profit here. If not, you face ruin. It is very much boom or bust.
Last but by no means least, is the pre-construction investment. This would not normally be open to a first time investor. Not because of any particular reason other than it may be a larger investment as you are looking at a group of houses and relative partners in the business. There is a large margin to be made here, and there is also the fact that the risk is shared.
So, there are many options for you to look at when it comes to real estate investment, make the right choice and invest wisely; there could be a whole new future just waiting around the corner!
However, if you are looking at real estate investments before looking at the options, you need to know if you are cut out for this. You need drive and determination, some capitol to back up those initial investments, you also need nerves; money is not always quick in appearing and at times, you need to play hardball to get your just rewards.
Now, to the type of invests available: Obviously the first would be the purchase to later sell; you buy a property at the right time and then sell it when the prices rise. You can make a tidy profit. If you target houses that have been repossessed, you can purchase the property at very healthy prices, repair any of the faults that come with this purchase, and then sell at a very high profit.
No one likes to profit from someone else's misfortune but this was not your fault so you have to think of your bottom line.There is then the rent to buy option. Here you rent the property out but have an agreement with the tenant who has the option to purchase at a later date if desired. This gives you peace of mind knowing that the tenant will treat the property well and that you have a nice monthly income.
The option to rent is self explanatory; again the monthly income works well.There is then the flipping option. This is a high profit margin but it is also littered with dangers if you undertake this venture at the wrong time. Basically, you buy cheap, renovate at cost then sell high. If the market is susceptible, you can earn a huge profit here. If not, you face ruin. It is very much boom or bust.
Last but by no means least, is the pre-construction investment. This would not normally be open to a first time investor. Not because of any particular reason other than it may be a larger investment as you are looking at a group of houses and relative partners in the business. There is a large margin to be made here, and there is also the fact that the risk is shared.
So, there are many options for you to look at when it comes to real estate investment, make the right choice and invest wisely; there could be a whole new future just waiting around the corner!
