Making Money In The Real Estate Business

Making Money In The Real Estate Business -Zafir Rashid

Rental Income and Residential Sales • You can purchase assets such as condos and homes and then rent them out to create income. Long-term home rentals can generate a significant amount of passive revenue. You can also purchase houses that need repair, make the necessary repairs, and then resell them. This is referred to as "flipping."

• The name "flipping" indicates that the transaction is simple and quick, however, this isn't always the case. Pad in extra time whether you're leasing or reselling a property because renovations almost always take longer than intended. Also, they are more expensive than anticipated

Increase in Property Value • This is a delayed Flip. You might, for example, do research to determine how much an upcoming new business will affect the local real estate market. If a new industry generates 700 employment, it stands to reason that those workers will require housing. In two years, the new company will open its doors. You purchase a home or property to rent it out or let it sit until the housing market improves. You sell at a profit when the timing is perfect.

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