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What are some tips for important things to know about real estate.
I just want to learn more about real estate and making money in general #realestate
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Tariq’s Answer
1.) Real estate is the biggest contributing factor to acquiring wealth
2.) Real estate has a high probability of appreciating in value. Especially over long periods of time.
3.) You are involved in the real estate process whether you want to be or not. You are either buying, renting, or selling.
4.) There are several ways to make money in real estate. 1.) Selling as an agent 2.) Buying property and renting it to tenants and businesses (Buy and hold) 3.) Buying property for under market and re-selling it at a higher cost (Rehabbing) 4.) Buying the rights to purchase a property and re-selling those rights to another investor for a price (Whole-selling)
5.) There is a wide variety of real estate to explore. 1.) Single-family homes (SFH) 2.) Multi-family homes 3.) Commercial properties 4.) Land
6.) Rea estate is one of the best ways to make "passive" income
2.) Real estate has a high probability of appreciating in value. Especially over long periods of time.
3.) You are involved in the real estate process whether you want to be or not. You are either buying, renting, or selling.
4.) There are several ways to make money in real estate. 1.) Selling as an agent 2.) Buying property and renting it to tenants and businesses (Buy and hold) 3.) Buying property for under market and re-selling it at a higher cost (Rehabbing) 4.) Buying the rights to purchase a property and re-selling those rights to another investor for a price (Whole-selling)
5.) There is a wide variety of real estate to explore. 1.) Single-family homes (SFH) 2.) Multi-family homes 3.) Commercial properties 4.) Land
6.) Rea estate is one of the best ways to make "passive" income
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Lani’s Answer
You could start with interviewing a real estate agent. Create a list of questions that interest you and ask for a few minutes of time. People are flattered when asked about what they do and especially if it is helping a student get into the field.