2006-08-09 09:46:23 · 4 answers · asked by Dave G 1 in Business & Finance ➔ Renting & Real Estate
Define "real estate business". Do you want to be a broker, a landlord, a property manager, an asset manager, a passive investor? What kind of properties do you want to work with: residential single-family, apartments, office, industrial, retail, hotel, healthcare? Do you want to diversify locally, nationally, or globally?
2006-08-09 10:09:22 · answer #1 · answered by NC 7 · 0⤊ 0⤋
As others have said, it depends on what you mean by business. If you are talking about investing in real estate, then you can actually start with nothing. There are plenty of no-money down loans available. If you want to be a bird-dog, you can start for free as well locating properties for people. There are many options at your fingertips.
2006-08-09 22:21:12 · answer #2 · answered by Joshua Dorkin 2 · 0⤊ 0⤋
this really depends on your location since different locations can carry different prices to get started in this start up capital you must also consider what type of real estate business you want to get into as stated above, there are many things to consider as stated above are you going to buy properties for resale or are you only planing on being an agent sell online you will need a website hosting maybe a designer advertising ect.... offline office or out of home advertising cost of getting clients , you really need to be more specific
2006-08-09 10:28:35 · answer #3 · answered by Miguel 2 · 0⤊ 0⤋
Depends on where you are. In Chattanooga TN it takes about $2500. That will get you thru pre-licensing, exam, license, and general set up fees (business cards, insurance, board fees, etc). Plus it is recommended that you have 6 months worth of living expenses in the bank or someone to foot the bills until you get your business going.
2006-08-09 10:06:43 · answer #4 · answered by Karen R 3 · 0⤊ 0⤋