Real Estate Investing.
2006-10-13 10:33:56 · 7 answers · asked by td 06 1 in Business & Finance ➔ Investing
Buy for a low price and sell for a high price ;)
2006-10-13 10:41:58 · answer #1 · answered by Mad_Anthony 1 · 0⤊ 0⤋
You can get rich in real estate. You have to create value. A few examples
1: Buy a property at even a high price with a relatively large lot, split off the land, and build an additional house. Sell both.
2: Buy a funky house like a 2 bed / 2 bath, and build an additional bedroom.
3: Buy a house with a garage, and convert it to a bedroom.
4: Build an additional house on a single parcel of land. You now have a duplex.
No matter what, you will not get rich if you do not create value.
2006-10-14 01:56:56 · answer #2 · answered by Jason T 3 · 0⤊ 0⤋
This is a power point presentation regarding property appreciation/bubble over the next 4 years. It states that in high priced areas, such as Boston, Florida, California are going to decrease 20% of the appreciation over the next 2 years. Our PMI index for Illinois is a low-medium risk. Meaning.. that our values are more than likely going to see a slight decrease, 5% or so over the next two years.. So why am I telling you.. Save your money.. and prepare to buy within 2 years.. after the two year mark, properties will start to trend gaining appreciation again. Hey, coincidence.. the elections are in two years.. meaning the interest rates will drop causing another buying frenzy.. get in early once the rates drop and you'll gain instant equity because it will be a demanding market.. demand = increase in your value.. high interest rates = low demand= value stays stagnant or lower..
Think and plan.. save a down payment.. properties will be low enough to gain quick equity.
Just a thought
Peace DC
2006-10-13 17:43:20 · answer #3 · answered by dj 1 · 0⤊ 0⤋
From what I read, the opportunities for making money in real estate are becoming scarcer. The market seems to be in a down turn with no end in sight. This is probably tied in with record national, as well as personal debt. We simply cannot live on borrowed money forever.
2006-10-13 17:42:28 · answer #4 · answered by oceansoflight777 5 · 0⤊ 0⤋
You cannot use "fast" and "real estate" in the same sentence.
Real Estate is a LONG TERM business.
If you want to get rich fast invest in Blood, Nanotechnology, HIV, Ethanol, Biodiesel, Google, Wind, Cancer, Vaccines, Cancer Vaccines, Energy Storage, Sun, Oxygen (See Kyoto Protocol) and my personal favorite: The Electric car.
Top 5 Answerer in this category.
2006-10-13 20:16:30 · answer #5 · answered by Anonymous · 0⤊ 1⤋
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2006-10-14 09:40:44 · answer #6 · answered by stock.geek 2 · 0⤊ 0⤋
Buy a house for really cheap and sell it for alot.
2006-10-13 17:41:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋