how to start purchase and sale business of residencial properties in india?

Question

i want to know what precautions i must take while i am entering in the new field of purchase and sale of residencial properties.

Answer 1

If you are looking to buy and sell real estate for profit, the number 1 thing to keep in mind is that you make money the day you purchase the real estate. But you get the cash when you sell it.

I say that because the purchase is the most important part. Study the area closely before you buy. Know what similar properties sold for recently and make a fair comparison. That way you will know what is a good deal and what isn't.

Once purchased, make sure you have the cash flow to carry the property. Make any necessary repairs, clean and paint the home and place it on the market to cash in on your profit...

Homework on other sales is critical, knowledge is power...

Regards,
Joe Ballarino
http://www.amerivestrealty.com