any one in real estate making money? tell the truth.?

Question

How? How are you doing it? Let me know if you could help. thanks.

Answer 1

I am in the "flipping" business and yes I make good money! But its takes hard work and a lot of patience and having your own money.....People who take out loans and have no capital can get into real trouble because of carrying costs.....You have to know not only how to buy, but how to sell.....You have to make your home set apart from all others in the neighborhood....I have a back ground in interior design and use many creative and inexpensive ways to dress a home....I have to do a lot of shopping to find the best deals....It takes a lot of leg work and even Internet shopping....But the finished product sells quickly and for top dollar....I have to constantly look at my budget and my contractors to make sure they are doing what I have asked.....I have to constantly watch the market and see what direction it is heading and know it like the back of my hand....I even have to do some of the dirty work, like paint and scrub floors and toliets....To finish the project on time....Its hard work but very rewarding....And as someone said, its not easy money, but hard and rewarding work....

Answer 2

You can definitely make money in real estate, but it takes a lot of work. Not sure what that other person is saying about realtors not doing any work, but I work 7 days a week and put in 60-80 hours a week. I don't know but that sounds like work to me. But that's another discussion.

As for your question, if you are honest, hard working, and know how to prospect/find business, then you'll do okay. Is it as easy as it has been in the recent past? NO! You'll actually need to have half a brain and good work ethic to be successful. It definitely is NOT easy money.

Good luck

Answer 3

If people weren't making any money how would they pay the bills.

The answer is yes. One example is the corporate moves. A couple only has time to get with one realtor. They spend a week with them and usually make a desicion by the third or fourth day to see if the offer was accepted. That is like money in the bank.

The longer you have been in the market, the more people you know. If you have done a good job your clients just keeps growing and growing. Yes, the income has slowed down some for some people, but we are still making money.

Answer 4

My friend is a Real Estate Broker and he says he is making money selling house , but he is bored now. Economy is slowing down and whenit does he finds he is bored.
After 2 years of him falling over the money he is making on the way to the bank , I think it is time the real estate market settled down. I hate those hungry real estate people who want only what you have for their commission and do no work for it. They put everything on MLS on the computer and wait for someone to answer and tell you they have a customer for you and they did all this great work for you to give them 5% commission off your selling price. WOW , I think they are so sleezy and dishonest people.

My friend is not dishonest, but he knows how to spot a seriour seller and buyer and he convinces some of them to sell below price if he his hungry for money.

While I like to sell my property, I hate to be conned into doing it. Those real estate sales people are not as professional as they say they are and they don't always tell you the truth. I would say the market is slowing down now for them judging by my friend's comment that he is "bored" meaning " no action for him inthe marketplace now.

After making an income of $100,000 Can after taxes etc from selling houses I think he can retire into a slow marketplace now !!!! The $100,000 is all commssion money and no work and nothing out of his pocket except gasoline to get to the house and show it to someone.

Answer 5

If you are thinking about getting into it-it's probably a bad time. With the real estate boom alot of people were making great money and so many people jumped into the industry-therefore as the industry cools down there is going to be a lot of people with some extra time on their hands...

Answer 6

Of course people are making money at it. I think people need to put it into perspective. Personally speaking, I have a rental property firm. I use very conservative methods and buy properties at market value and rent them out. I use conventional comercial financing, with alot of cash invested. When I say that, I dont mean, 10%. If you are using solid margins, there is an opportunity to make money.

Realize this, money will be made long-term. People need to stop watching "Flip This House." That is not real money. Investing in option arms, using home equity loans, do not suffice as real money. People, you don't get rich overnight. As someone already said, it takes alot of hard work. You may need to do the work yourself to get by. But, you will make money in this business.

Answer 7

In my opinion the only ones making money are the people selling their real estate tapes about home ownership.. They are not making money off real estate they are making money by selling their books. People want to dream about it and read about it so they purchase the books and in turn makes those people millionaires.. It not the real estate anymore its the dream they are purchasing...

Answer 8

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