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Topic: All millions are from real estate. - page 5. (Read 846 times)

hero member
Activity: 3024
Merit: 745
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August 14, 2023, 05:59:11 AM
#56
We can invest in property, if we have knowledge about real estate market. We can perform low bowling strategy by visiting 100 properties which are on sale. We can filter 10 properties of of ten, then we can filter 3 out of ten and offer 70 percent price as comparison to real price, then we can choose best from last three properties. We can see which person and buy property from that. Rental properties are best options because these give fare after every month. We can also take advance from lessee. After 5 to 8 years, retal property value will be double. In this way, we can in rental properties safely.
I've been doing this but guess what? I don't have enough yet for downpayment but I'm just trying to get into that vibe and energy that someday I'd really get to pick and choose from the properties that I am looking at. I agree that rental properties are the best because even if you don't work, and while you sleep, you're earning. Who was that again when he said that we should find a way to make money while we sleep, was that Warren Buffett? Getting into venture of real estate is the rich's game.

We can also invest in commercial market and we can work on it and then sale it, it is very advantageous. Commercial market also give bare and its bare increases speedly. Commercial Market price also increases speedly. We can invest in plots if we have knowledge about the area in which we are investment. In a long term, property plot value increases.If we have least amount of money, we should invest in rental property that will give fare  and equity. By investing in plot, we cannot get  fare but we get equity. Commercial investment is a best investment if we have a large amount of money. Commercial real estate value increases speedlyas comparison to rental properties and plots.
We see , millioners are growing from real estate. Other businesses are also available but real estate industry is fast income growing industry. Builders also get benefit from real estate, they work on foreigners projects, builders invest foreigner  money. Real estate industry is continuously growing.
Commercial market or commercial real estate are way more expensive than the typical that we're renting. But yes, the money is more with that and if you've got decent money and it's just in your savings, try to leverage that make money from it through propertal rental and investing more on it. Make an empire of real estate properties where you'll just get to be the property manager or you can hire someone for you to manage that while receiving the profit monthly. Try also to sneek into areas where they're just about to get developed. The lands there are a bit cheaper than the commercialized and potential profit there is also gonna be high when the right time comes that the area becomes developed.
legendary
Activity: 3122
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August 14, 2023, 05:51:55 AM
#55
Investing in real estate is one of the most obvious things to do, but that won't necessarily make a person rich. Firstly, the vast majority of people can't afford to buy real estate because it's a very significant amount of money to pour into something. Secondly, if the property is fairly spacious and renovated, it can be a real challenge to rent it out at a decent price, unless you live in a country where the demand for rent is much higher than the supply. And a lot of things depend on a country if you think about it. The prices, the market's stability, the demand depend highly on where you are.
What's attractive with Bitcoin is that you don't need a huge amount of money to invest, whereas you really need a significant amount of funds available to invest in real estate.
hero member
Activity: 2940
Merit: 627
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August 13, 2023, 06:43:02 PM
#54
There is no doubt that the money really is also in the real estate market. As much as I want to have many of it, the reality is that you need huge money on it to start unless you find a good financing where you'll not going to be hit by a huge interest rate thus, that requires a huge money to start. It is true that billionaires and most rich people are into real estate, we can copy their strategies and think like them but without doing actions, we're mostly just wasting our time on it. Land assets are appreciating yearly and that's why if you don't get one today, next year the price of it will increase but it varies from locations. Regardless of that, the sellers are also crazy these days when they're like putting higher prices than the market price.
jr. member
Activity: 106
Merit: 1
August 13, 2023, 06:03:59 PM
#53
Good advice. So far the only investment I have our of the options you have mentioned is lands. I inherited a huge land property from my dad, and I intend to leave it there for now, as it continues to increase in value. Land is a good investment where I live, and it keeps getting costly almost every year. So I am grateful for what I have so far. I also plan to make other good investments in the future, such as real estates, and more.
legendary
Activity: 1414
Merit: 1108
August 13, 2023, 05:58:21 PM
#52
I an agree with you that not all millionaires come from real estate. With that been said,
You might find out apparently that real estate isn't an investment option for the poor as, you often need a lot to invest with and have a long time to wait. Most of which can't be determined or projectable for marginal enjoyment of investment and some might even last a life time.

Following the steps in OP, one can say you know what your saying and probably doing wha you say but then, how can the poor profit in real estate business? It just seems to be a business for those that make 6 figures to make 7 figures and more. Where does it leave those that still dine with 5 figures and below.

The goodnews for most remains in the fact that, there are options outside real estate and the poor could invest there time and resources to still build a fortune that would last a lifetime and earn them the millionaire status as well. Real Estate isn't the last hope of a poor dreamer.
hero member
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August 13, 2023, 04:47:34 PM
#51
There are many people working the real state market both big and small players, it is pretty much a classic in most countries. Getting deals as you describe is possible but it requires lots of time an work, and knowledge, so it is not as simple as getting some financing and jump in the market. Also, some countries have a better streamline of services for renting and refurb than others.

Yes it is not an area for novice to just jump in to start investing. It requires a lot of research to buy a plot of land that is not under duress or court litigation because they are some properties that could be under such circumstances but the owner may not disclose in details. So before commiting into payment, the buyer need an effort to make enquiry on the status of the property before such is done. There is a lot of due deligence in the purchase of landed properties and the documents need to be verified.
sr. member
Activity: 462
Merit: 328
August 13, 2023, 04:28:41 PM
#50
We see , millioners are growing from real estate. Other businesses are also available but real estate industry is fast income growing industry. Builders also get benefit from real estate, they work on foreigners projects, builders invest foreigner  money. Real estate industry is continuously growing.

One can make significant gains through a variety of investment strategies, but which one will work for you will depend on your own circumstances. It is true that the real estate industry is rapidly expanding and that many people are finding success there. But first, keep in mind the startup costs, the investment strategy, and the best ways to reach your target market through advertising or market research. You seem quite sure about this business, and I don't dispute that, but at the same time, it's not as simple as you made it sound and requires a thorough knowledge as well.

Yes, knowledge and experience is requirement for this industry. If you have no experience about market and you don't know how many dealers are working in your visiting area. You should know about your area market price. Land value depends on location. In real estate, firstly we se location, location and location. If you can calculate the cost of property and you can calculate net fare after one year, It will be very helpful for the person. If we want to increase equity and we make long term plan, we can buy plot, whose value will increase if that area surrounded by housees or if this area will become commercial. Commercial area value is much greater than residential area.Shops are  good investment sites and you can improve that shop and you can sale after 1-2 months. And you will get a huge amount of profit.
legendary
Activity: 2688
Merit: 1192
August 13, 2023, 03:52:16 PM
#49
We can invest in property, if we have knowledge about real estate market. We can perform low bowling strategy by visiting 100 properties which are on sale. We can filter 10 properties of of ten, then we can filter 3 out of ten and offer 70 percent price as comparison to real price, then we can choose best from last three properties. We can see which person and buy property from that. Rental properties are best options because these give fare after every month. We can also take advance from lessee. After 5 to 8 years, retal property value will be double. In this way, we can in rental properties safely.

We can also invest in commercial market and we can work on it and then sale it, it is very advantageous. Commercial market also give bare and its bare increases speedly. Commercial Market price also increases speedly. We can invest in plots if we have knowledge about the area in which we are investment. In a long term, property plot value increases.If we have least amount of money, we should invest in rental property that will give fare  and equity. By investing in plot, we cannot get  fare but we get equity. Commercial investment is a best investment if we have a large amount of money. Commercial real estate value increases speedlyas comparison to rental properties and plots.
We see , millioners are growing from real estate. Other businesses are also available but real estate industry is fast income growing industry. Builders also get benefit from real estate, they work on foreigners projects, builders invest foreigner  money. Real estate industry is continuously growing.

Property is just one aspect of wealth and certainly not what is keeping most people rich. Businesses making products or offering services, which are structured to make a profit, are what makes most of the money go around in this world. Those with the most in demand products that are able to maintain the highest profit margins are what everyone really wants to own. Property can come with a whole bunch of problems by itself, like upkeep or non paying tenants, renters going bust, damage from freak weather events and they are not immune to problems. It also works in cycles, generally it will go up but there are times when it can drop quite drastically in the economic cycle and take a while to recover.
legendary
Activity: 1806
Merit: 1159
August 13, 2023, 03:49:52 PM
#48

When buying a lot then it would really be just that normal to have that strategic approach on which this is something that would really be that recommendable specially when you are buying or purchasing something
and plus its not really that something cheap.There would be those normal factors that needs to be check out first before making out such final decision and this is why in depth checking or whatever information you would be needing is something that relevant or would really be that crucial. Its true that not all would really be that so having these kind of checks before buying and then this is where problems do rise and would end up for you to regret instead. This is why it would really be always that wise to do if you do buy then it should really be something strategic or something that you could really take advantage with. Well, there are things which are really that still needing up some mix of luck since not all that you do look good would turn out to be that developmental or something that has potential because there  would really be things which you have thought
that they dont have value but turns out to be a huge thing in the future which it would really be leaving out that kind of regret and disappointments on missing on buying that spot.

 The world is currently experiencing a large surplus of goods in many items. Production is growing rapidly, but purchasing power is falling. So having a lot of goods and a lot of real estate is a big chance of having an illiquid asset. It is just frozen money that is very difficult to convert into regular form
full member
Activity: 1708
Merit: 126
August 13, 2023, 03:34:28 PM
#47
One of the advantages offered in the real estate business is price growth over time. The potential for loss is very small unless the situation is not supportive, for example a war occurs. It is true that all millionaires come from this investment, because before technological advances, say E-commerce took part as a new form of investment, all owners of capital must have invested in real estate.

On the other hand investing in real estate is very safe, but this of course really depends on the region, regulations and opportunities available.

Investing in properties is a wise investment though there are still things to consider such as the quality of the location and its accessibility. Properties in good locations could easily strike a high price in just a shorter time especially in urban residences.
It might only take time and effort to generate profit as there are also documents and requirements that you need to comply with but it will all be worth the wait.
legendary
Activity: 3094
Merit: 1127
August 13, 2023, 02:56:27 PM
#46

yep many towns turn to ghost towns. not just through war. but also natural disaster. and even economic loss of industry.
there are places where people bought a house for hundreds of thousands. lost economically in the region. foreclosed and the property ended up part of a ghost town which no one wants to buy even for just $1

also
many suburbs look well maintained when first hitting the market but after a decade. even the roads start to crack. the sewers over flow. people get old and stop maintaining their yards.. all causing the 'comps' for the suburb to drop. families cant afford the bills. kids cant afford hobbies so start to do graffiti or damage the neighbourhood for entertainment..

alot of other costs are involved not just to your property but the neighbourhood to ensure you get ROI
i have seen some people decorate and landscape their next door neighbours properties to spruce them up to try to maximise the sellers own property potential

I can observe this in my area. There's land for sale nearby but the neighbors are drunkards who sleep with their dogs. They have 2 pieces of land in the middle and there are nice empty patches of land nearby but nobody wants to live there and it looks like the owners of these patches are waiting for those drunkards to finally die or burn the house down so that they can put their land up for sale or start building houses there. I asked a neighbor who built a house nearby why he didn't buy one of those patches and he answered me with the following question: "would you want to live near those guys?"

Buying a land is a hit or miss. I know a spot that became very expensive because a woman who owns a shopping center downtown built a house there and that area became popular among the "rich elite" meaning notary, a judge, and so on. It can also go the other way, like another spot, not far from there, where the city built a recycling plant.
When buying a lot then it would really be just that normal to have that strategic approach on which this is something that would really be that recommendable specially when you are buying or purchasing something
and plus its not really that something cheap.There would be those normal factors that needs to be check out first before making out such final decision and this is why in depth checking or whatever information you would be needing is something that relevant or would really be that crucial. Its true that not all would really be that so having these kind of checks before buying and then this is where problems do rise and would end up for you to regret instead. This is why it would really be always that wise to do if you do buy then it should really be something strategic or something that you could really take advantage with. Well, there are things which are really that still needing up some mix of luck since not all that you do look good would turn out to be that developmental or something that has potential because there  would really be things which you have thought
that they dont have value but turns out to be a huge thing in the future which it would really be leaving out that kind of regret and disappointments on missing on buying that spot.
hero member
Activity: 2394
Merit: 512
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August 13, 2023, 02:51:25 PM
#45
One of the advantages offered in the real estate business is price growth over time. The potential for loss is very small unless the situation is not supportive, for example a war occurs. It is true that all millionaires come from this investment, because before technological advances, say E-commerce took part as a new form of investment, all owners of capital must have invested in real estate.

On the other hand investing in real estate is very safe, but this of course really depends on the region, regulations and opportunities available.
legendary
Activity: 2296
Merit: 1335
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August 13, 2023, 02:39:58 PM
#44

yep many towns turn to ghost towns. not just through war. but also natural disaster. and even economic loss of industry.
there are places where people bought a house for hundreds of thousands. lost economically in the region. foreclosed and the property ended up part of a ghost town which no one wants to buy even for just $1

also
many suburbs look well maintained when first hitting the market but after a decade. even the roads start to crack. the sewers over flow. people get old and stop maintaining their yards.. all causing the 'comps' for the suburb to drop. families cant afford the bills. kids cant afford hobbies so start to do graffiti or damage the neighbourhood for entertainment..

alot of other costs are involved not just to your property but the neighbourhood to ensure you get ROI
i have seen some people decorate and landscape their next door neighbours properties to spruce them up to try to maximise the sellers own property potential

I can observe this in my area. There's land for sale nearby but the neighbors are drunkards who sleep with their dogs. They have 2 pieces of land in the middle and there are nice empty patches of land nearby but nobody wants to live there and it looks like the owners of these patches are waiting for those drunkards to finally die or burn the house down so that they can put their land up for sale or start building houses there. I asked a neighbor who built a house nearby why he didn't buy one of those patches and he answered me with the following question: "would you want to live near those guys?"

Buying a land is a hit or miss. I know a spot that became very expensive because a woman who owns a shopping center downtown built a house there and that area became popular among the "rich elite" meaning notary, a judge, and so on. It can also go the other way, like another spot, not far from there, where the city built a recycling plant.
sr. member
Activity: 588
Merit: 274
August 13, 2023, 04:29:40 AM
#43
Real estate business usually requires huge amount of money. As a result, not everyone can do this kind of business if they want to. Those who are very rich and have a lot of money can basically do this kind of business. In the case of real state business, you have to leave a huge amount of money in the market and you have to earn money only by leaving that money. There are many differences between a general business and a real estate business. Normal business you can start with small amount of money but real estate business you cannot start with small amount of money. Talking about crypto business, this business can be started with a small amount of money. So position wise I find crypto business or general business more viable than real state business.
hero member
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August 13, 2023, 04:14:57 AM
#42
Not all millionaires are growing from real estate, there are still several other businesses that can give birth to millionaires based on their business knowledge. You can invest in various types of investments based on the amount of capital you have, it is undeniable that real estate is the most profitable investment, but it takes a lot of capital to choose this investment medium.
Experience is needed to achieve success in investing, there are so many types of investments that different people are involved in depending on the capital they have. We who are still young without having a lot of capital are impossible to invest in real estate, let alone its location in a strategic place in urban areas, currently the best option for us is only Bitcoin.
legendary
Activity: 1372
Merit: 2017
August 13, 2023, 03:25:30 AM
#41
You sound like someone who has a lot of theories like about getting rich with RE but has no RE in reality, other than maybe the house you live in, which you are paying for with a mortgage.

We see , millioners are growing from real estate. Other businesses are also available but real estate industry is fast income growing industry. Builders also get benefit from real estate, they work on foreigners projects, builders invest foreigner  money. Real estate industry is continuously growing.

That was especially true in the last century. The great fortunes were either made in RE or invested heavily in RE after having made a fortune in other sectors. In the 21st century the great fortunes have been made digitally, and while they still tend to diversify somewhat into RE and the pure RE business still exists, it is nowhere near as important as it was in the 20th century.

legendary
Activity: 1582
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August 13, 2023, 02:59:15 AM
#40
Talking about real estate is easy, but buying a property that gives a quick return or increases its value in a short period is something difficult or close to impossible without knowing the quality of the land, future improvements, regulations and laws, having capital, and the tax complexities.
Real estate is always considered a means of saving and long-term investment, as its prices rarely change within a month or a day, and you must calculate how to achieve profits and pay the tax after each sale. it is a good investment asset and can be added to your investment basket in addition to gold, bitcoin and precious metals not an easy way to be rich.
legendary
Activity: 3276
Merit: 2442
August 13, 2023, 02:48:36 AM
#39
Real estate is a great investment. In the long term it prints money but you need to be rich first to make such investments. You know what comes close? Crypto and stocks. You can own 1 share of Apple and you are still instantly a shareholder. You can do the same with bitcoin. If you are poor owning the whole thing is impossible. To get there you need to DCA on stocks or crypto and when you get big enough, then you can move to real estate or you can fully own other businesses. One step at a time. Rome wasn’t built in one day.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
August 13, 2023, 02:37:41 AM
#38
This is a costly investment in my country but if you’re good enough to handle this, I’m sure there will be a lot of opportunities in real estate. You have to consider everything, the budget, the location and your plan for that property. If you’re into real estate business I’m sure you can have a good return slowly but surely. Many are into real estate but its more of a liabilities to them than considering it as an asset, again you have to revisit your purpose on investing in real estate.
Real estate is costly in most places and the costs are not just for buying the property but also to maintain it over the holding period, compared to bitcoin you wont need to clean them everyday to keep their sellable. But estate is a traditionally old asset and has its name in the market, but its more of a full time job, while bitcoin is a fire and forget (for the time being).

Some realtors are taking loans to buy properties and then sell them after a decade or so, they have to guts to hold through, you might not be able to handle that stress.

Hence the terms of making millions might be true, but it is not everyone piece of cake, those who have been in this market for years should continue on that, bitcoin traders should no jump into them.
sr. member
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August 13, 2023, 02:15:48 AM
#37
We can see which person and buy property from that. Rental properties are best options because these give fare after every month. We can also take advance from lessee. After 5 to 8 years, retal property value will be double. In this way, we can in rental properties safely.
Do you think there's always a person willing to rent your property? do you think every people who rent your property will want to pay the rent fee at the due? most of people who take a rent because they don't have a lot money and they will not able to pay upfront, good luck to find people who willing to pay upfront.

Too many risk in real estate, similar like you want to create a business.
If someone is capable of finding the right rental property in the city then there is no need to worry about finding the tenants who pay at the due time and it can be set into agreement before placing them so its not a big of a deal. But the rent should at least match the mortgage value and all other expenses of the property then it is not going to take money from your or else you are in serious trouble so it all depends on the location so all I have to do is good luck finding a property at the right place.
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