what is the best way to start in real estate and how can I make the most money from it?

Answer 1

Well, A lot of people I know is in real estate. To get into it you have a take a few courses and apply for you rliscence, which I assumed you did. The best thing is to first apply to a larger company, like Re/Max or Century 21, or even Coldwell Banker. From there, you can llok for clients through friends and family and will make a client base. But an easier way is to get the name of developers in your area, ones that may open a whole subdivision of homes, and contact them and try to make them offer they couldn't refuse. Although it may seem like your not getting enough, this will lead to large exposure!!! From exposure you get....more clients. Also, try to go into a smaller area. Starting off in Toronto or a big city like that could be hard to compete with exisiting. If you are close to a smaller city or town, that would be the best place to start! Good luck on all you do and with hard work you will succeed.:)

Answer 2

Well, first decide what college you want to attend to learn business mgmt. Its really necessary to get started in any business. Like taking psychology classes to be a nurse. Then, find property that you'd like to start your business with. You might consider contacting your city council to find out future plans for your city. There are always areas being renovated and restructured. These are going to be your most profitable locations. For example; Buy a six-plex apartment building that is in need of refurbishing, in a soon-to-be renovated part of town. You should be able to negotiate a good deal if the seller is not aware of the areas potential. Get your money together, whether it be yours or from a bank. You may propose the situation to the banker to get some additional help. Make the deal. Have a lawyer who can draw up the contracts for you. This can also be negotiated with the seller (who will pay). Have a renovation and new construction company on stand-by. You don't want to waste any time. As soon as the deal is closed, get to work! Put your For Lease signs up with the contact number and date of availability. Remember to inform potential residents of the renovations of the area, this way, your rent $$ don't get frowned at!

Answer 3

Talk to local brokers. There's different avenues you can take. You may be interested in becoming an agent, an appraiser, or a consultant. If you're interested in becoming an agent, there's a prelicensing class you have to take before you take your test...that would probably be the easiest step getting into the business.

I've worked at a real estate agency for over six years. Our company does sales and appraising. I'm an appraiser and after talking to my broker, he makes more money from commercial and residential appraisals than sales.

Every state is different with licensing laws, so talk to a few brokers and explore all of your options.

Answer 4

It depends very much on where you are! As they say, "location, location, location!". First off, very rarely does someone "get rich quick" in real estate, and for every story I know of where someone did make a ton, I can point to 4 others that lost their butts. You can get rich in real estate.....if you are patient and willing to wait for years. My suggestion would be to buy rental properties and keep them occupied with good renters and well-maintained. In 10 or more years you will have a nice little nest egg. You will eventually get wealthy if you do that, but it will take a long time.

Answer 5

My older brother is a pro in real estate. Twenty plus years, # 1 in the Remax organization for years and appointed to the state board of Realtors. Very well respected.

Need a # ?

Answer 6

I believe by buying a piece of property when the market is rolling. Or, probably become a broker that way you can understand and at the same time making money from the commission.

Answer 7

Buy a house or look for one.

Answer 8

buy a house a fixer...in a good neighborhood..and fix it up...then turn it over in 2 years....