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How do you start a real estate business without running into loss?

Real estate businesses are not one of those business you start with some little funds. You have to build a team first. Not necessarily they are much but you know building people around your business especially those that have a proper business prospect and good managerial skills can help your business grow unexpectedly.
 
Real estate business can be very tricky, just like any business, it is pertinent for there to be full scale research on the intending business before venturing into it. Factors to be considered and monitored include, where to invest ( location, how much to invest, ), being patient in observing trends in the industry.
 
Well, personally I feel the best to avoid loses In real estate is when you make proper back ground research on the property and the nature of the geographical zone or area which the property is located so you can know if has the prospects of yielding profit after purchase.
 
If you want to start a real estate business and prevent yourself from incuring losses we should look for locations that are of high demand and that is where you could situate your real estate.
 
If you do not want losses in a real business that you have started you would have to understand that business properly and know the pros and cons of the business before you could venture into it.
 
As a new entrepreneur venturing into Real Estate business, what are the Do's & Don't's of this lucrative business in order to avoid losses?
Like it or not while starting a business of any kind you just run into loses is a must, real estate business is a kind work f business that requires skills before one can benefit from it.
 
Like someone have stated, it is important you don't borrow money in order to invest in real estate. Any kind of investment does not need you to borrow money to do so because you can go into bad debt if anything goes wrong. Another good way you can avoid losses in real estate is to connect with experienced investors and realtors.
 
Like someone have stated, it is important you don't borrow money in order to invest in real estate. Any kind of investment does not need you to borrow money to do so because you can go into bad debt if anything goes wrong. Another good way you can avoid losses in real estate is to connect with experienced investors and realtors.
Yeah exactly, borrowing money to start up this kinds of business is not just advisible, this a business that involves risk in it, there is no need to borrow money in other to start this kind of business.
 
Yeah exactly, borrowing money to start up this kinds of business is not just advisible, this a business that involves risk in it, there is no need to borrow money in other to start this kind of business.
it is better for me to start a business with my own savings so that if anything goes wrong I will know that it is my own money. But taking a loan to venture into a business can be risky but sometimes it can pay off.
 
it is better for me to start a business with my own savings so that if anything goes wrong I will know that it is my own money. But taking a loan to venture into a business can be risky but sometimes it can pay off.
Yeah exactly, even me too I Don't like to take money that's not mine to start up a business talkless of taking loans, but I've have seen a lot of people are that takes loans and came out successful, but that doesn't work for me.
 
Yeah exactly, even me too I Don't like to take money that's not mine to start up a business talkless of taking loans, but I've have seen a lot of people are that takes loans and came out successful, but that doesn't work for me.
people who have proper knowledge of how business works can go ahead and take loans and may be successful. But if you're the kind of person that does not have enough knowledge of a business it is not advisable.
 
One of the things that you should do as a developer is that you should ensure that you are making use of standard material,and also aviod enginers and survayors that are not qualfied for the job.
 
Well first thing is to gain as much knowledge and experience as possible before venturing into the business full time. Capital is the backbone of every business venture, make sure you have enough capital. Focus and dedication too are going to be needed.
 

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