There is no doubt about the fact that real estate is one of the most lucrative industries in the world, at least according to statistics. According to statistics, this industry offers an average return on investment(ROI) of about 10.05% per annum. Of course, the figures depend on the type of property investment in question. For instance, residential rental properties have an average ROI of 10.6% while commercial rental properties have an average return on investment of 9.5%.
Real estate investing success boils down to creativity and the ability to think a little bit outside the box. Instead of building or buying properties and renting out as it is the norm, you could buy homes and sell at a profit. That’s what we call house flipping. Many flippers will look for properties that are going at throwaway prices, add a few renovations to those and then sell them twice or more times their original
House flipping can be highly profitable but can also be extremely daunting and risky at the same time. The venture can become even more challenging, particularly when you do not understand what exactly you are doing. House flipping is utterly different from the impression that TV shows portray nowadays. To help make the process successful for you, here are ten tips for being a successful house flipper. Always have the property inspected When you are new
Just as it’s impossible to plan a trip without a destination, you can’t build a successful real estate business without setting clearly defined goals. Success does not happen by fluke. It takes proper planning, and they are markers that show us how far we have come or how far we still have to go. Here are a number of ways on how to set great goals for real estate. Know Your Why Despite you having
When buying an investment property, people typically go the traditional route and purchase from a brokerage and go through a real estate agent. Real estate agents use a Multiple List Service (MLS) to list houses that they have for sale. This is the traditional route to take when buying a house.. A second option however, is to buy from a wholesaler. If you’re looking to buy an investment property, buying from a wholesaler is a