2006-08-22 08:39:35 · 5 answers · asked by morgana 1 in Business & Finance ➔ Other - Business & Finance
It depends on what you want to do. You can invest in real estate by buying into a mutual fund, like Fidelity's. You can buy into a REIT, real estate investment trust, about the same way you sign up for a mutual fund. Fill out an application and send it in with your money.
If you are interested in buying properties, you have to decide what you want to do. Some possibilities are buy a building and rent it out, buy a house and rent it out, buy a fixer-upper to rehab it and sell it for more than you put into it.
For a REIT or real estate mutual fund, you might need $1,000 to start investing. If you buy an investment property, you might have to have a 20% down payment plus closing costs, then have money to do any repairs or renovations that might be needed.
2006-08-22 08:55:59 · answer #1 · answered by regerugged 7 · 0⤊ 0⤋
not really easy but if you do it right you can make bucoo bucks!! buying houses and then turning them for more money. I have a friend who is now very well off for doing this.
2006-08-22 08:48:37 · answer #2 · answered by Angel 1 · 0⤊ 0⤋
Nothin's easy in this world. U gotta work hard to make money, no matter what kinda profession u r in.
2006-08-22 08:48:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It is one of the easiest and most lucrative ways to turn a profit IF you have a LOT of money to spare. jay@loanleaders
2006-08-22 08:54:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I don't think so. It's another kind of industry. However if you have enough capital and someone you can trust, it'sll be easier.
2006-08-22 08:46:01 · answer #5 · answered by ? 3 · 0⤊ 0⤋