I just opened a real estate brokerage and would like to get into construction and developement in addition to the real estate transactions. But how do I go about starting up a construction company? Or is it best to just buy one?
2006-12-03 11:25:08 · 3 answers · asked by Fredrick W 1 in Business & Finance ➔ Renting & Real Estate
I suggest you contact the housing authority in your state and see what is involved in starting a company. If you consider buying one, get a good CPA to go over the books to make sure it is a winner, not a dog.
Right now, construction is slowing down in many parts of the U.S., as you should know being in real estate. You may be able to pick up a company, but why? If there are no people buying, you would not have much business, right?
Think about this carefully and do lots of homework first. Dealing with workers is a headache, dealing with buyers is a headache, etc. I know someone who has a construction company and the stories he used to tell made me glad I never got into that line of work.
2006-12-03 11:38:29 · answer #1 · answered by MadforMAC 7 · 0⤊ 0⤋
Flipping houses is a great profession to be in. I currently flip houses for a living, and have had a blast making hundred's of thousands of dollars. The key is to do as much work as you can on your own.
Did you know that you can make $40,000 + on a house, and never even own it?
Take a look at my website - I just put it online last month -
Please realize that Flipping Houses is not a "Get Rich Quick" Scam!
Do as much research as possible before starting on your first flip -
http://www.LearnToFlipHouses.com
Kind Regards and Good Luck!
Adam Monforton
2006-12-04 16:35:56 · answer #2 · answered by p3mofo 2 · 0⤊ 0⤋
It depends on you experiance and acces to capitol. I have been a have been a builder/developer for 15 years and it can be tough. Make sure you have a good support system of advisors.
2006-12-03 22:11:47 · answer #3 · answered by Todd R 1 · 0⤊ 0⤋