2007-01-21 21:45:28 · 7 answers · asked by king_art_thegreat 2 in Business & Finance ➔ Renting & Real Estate
you could buy an apartment building near your home so you can respond quickly, with your excellent credit and large downpayment you will secure a mortgage at a good rate, through networking and word of mouth you secure the best tenents possiable! now you have your first profitable building! maintain it and if you like the business buy more! leave units empty for as long as it takes to get the very best tenents you can, lure them from other landlords if you have to with incentives, never advertise! go find them...
2007-01-21 22:19:35 · answer #1 · answered by alpha_male4545 1 · 1⤊ 0⤋
There are books and websites covering the topic and there still is no perfect answer. So many ways exist. I will highlight a number but this is only an overview. Take a look at the URL below for a US site that has a lot of info. I am told this was the first website dedicated to RE investing so there is a lot of info that covers the last 10+ years. Granted making money from RE goes back centuries.
1. Development
2. Farming
3. Mining
4. Air rights
5. Broking the sales for others (a RE agent)
6. Renting out the space for parking or other storage
7. Building a building that is rented to someone
8. Buying and selling the loans secured by real property
9. Loan origination
10. Options on property that are either sold or exercised
11. Flipping deals
12. Buying up small parcels and then selling as a large parcel
13. Buying and selling water rights
14. Billboards and cell towers on an existing building or free standing
2007-01-22 07:32:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
One of the best ways to make money from real estate is to buy foreclosures and "flip" them. The following site ha sa ton of good information on that
2007-01-22 08:21:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This is hard to do!!!! The people who are successfull at this are excelent carpenters who spend their lives looking for that busted shack in an excelent neighborhood only to spend the next 30 days busting their azzes (mostly alone) fixing it up for what they hope to be a quick sale. Those same guys, have enough to sit on a property if need be and generally even the house they live in is for sale...More of the gypsy type if you will.
2007-01-22 05:51:54 · answer #4 · answered by Loren H 3 · 1⤊ 0⤋
hud/fa/vha bank foreclosure or sherrif sale. make sure you check them out THROROUGHLY as most of the sales are as is where is.
2007-01-22 05:48:03 · answer #5 · answered by koalatcomics 7 · 0⤊ 0⤋
dont rent them out unless you invest in some aspirin company because you will need them
2007-01-22 05:51:06 · answer #6 · answered by Anonymous · 1⤊ 1⤋
buy low
sell high
2007-01-22 11:36:29 · answer #7 · answered by Anonymous · 0⤊ 0⤋