What formula would you recomend me to use to get the best profits from reale state transactions all types of scenarios welcome
2007-10-24 12:55:48 · 2 answers · asked by Travail777 1 in Business & Finance ➔ Renting & Real Estate
Travail7
Research is the answer you’re looking for, as with any deal you have to do your home work. Find out all you can about the area, schools, transportation, shopping, and the value of similar properties with the same square footage that have sold with in half a mile of the property you are looking at. Know what you can buy it for and what you can sell it for and what you can rent it for if you needed to. Remember the first three rules of real estate investing 1. Equity 2.Equity 3.Equity!!!
My philosophy has always been that when the economy is good real estate investing is good and when the economy is bad real estate investing is great.
Graywolf
2007-10-24 15:24:15 · answer #1 · answered by GRAYWOLF_357 2 · 0⤊ 0⤋
There is no "formula." Know your market.
2007-10-24 13:28:40 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋