I am 18 and looking at investing in real estate late next year. any tips for succeeding in the investing world?
2006-12-10 20:38:25 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Yeah baby, study, study and then study some more. Real estate investment can be complicated. Learn all you can. Call your own shots and sink or swim with the consequences. There's tons of people out there teaching bogus classes and seminars on real estate investing. Beware! Anyone who promises you great riches with little effort is full of it. Another important thing is to remember to be realistic. I know there's been a boom lately and people have been seeing their properties appreciate 25% per year. That's not the norm and those days are over for now.
Real estate usually appreciates at about 5% per year. The beauty part about real estate is your using OPM. (Other people's
money) E.G. If you buy a 100,000 dollar house with a 10% down payment and it appreciates 5% per year for two years and you sell it for 110,000 dollars you doubled your investment. Plus the tenants paid your mortgage. Mostly OPM. Not bad. But it's not as easy as it sounds. People (especially beginners) can and do lose money and lots of it! Like I said before, learn all you can and don't aim for the fast mega-buck and you can do very well for yourself. Good Luck!
2006-12-10 21:06:38 · answer #1 · answered by Big R 6 · 0⤊ 0⤋
It depends upon which area you are planning to invest.. If you are in Tamil Nadu then it will be ideal for you to invest in the Tier-2 and tier-3 cities where the IT industry is going to expand after the saturation of the tier-1 cities in the south and it will be really a good bet to invest in these areas.
2006-12-10 20:59:58 · answer #2 · answered by Eshwar 3 · 0⤊ 0⤋
Get a e book. greater effective than getting undesirable advice on the internet it incredibly is repetitive. value approximately $20 at a bookstall. you will pass back to it time and time back. seek for making an investment For Dummies The fool's instruction manual to making an investment or making an investment Made common. those are no longer insults, they're astonishing books. they'd have a financial ruin breaking down low value brokers, their costs, etc. they'll clarify shares, mutual money, ETF's, Cd's, etc.
2016-10-05 04:05:11 · answer #3 · answered by ? 4 · 0⤊ 0⤋
RE is little risky
try commodity with charts help
2006-12-10 20:40:35 · answer #4 · answered by dinu_pawar 5 · 0⤊ 1⤋