Real estate is really profitable but sincerely it's not for people who are after short term gains. You need to apply lots of patience to reap the reward of your investment.
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So long as it has to do with landed properties and houses, the business would always be profitable.I have read so much about real estate and how profitable it can be but I doubt that these day.
In my country, you can invest in real estate, put up a property for sale and you won't get anyone to buy that property for one reason or the other, in that way your capital is tied down in that property until it is sold, sometimes you might not see a buyer for like forever until you put the property on very low cost price so as to enable you to sell of the property, that means you are running into loss. With all these put into consideration, do you still consider Real estate Business as a profitable business?
Investing in real estate business is still very much profitable.I have read so much about real estate and how profitable it can be but I doubt that these day.
In my country, you can invest in real estate, put up a property for sale and you won't get anyone to buy that property for one reason or the other, in that way your capital is tied down in that property until it is sold, sometimes you might not see a buyer for like forever until you put the property on very low cost price so as to enable you to sell of the property, that means you are running into loss. With all these put into consideration, do you still consider Real estate Business as a profitable business?
As long as people are still moving from the rural setting to the Urban cities it is always going to be a lucrative business for you to be involved in real estate because people will always look for houses to live in and as a real estate agent or investor you will always have something to sell to them.Yeah, when you finds the right agent for your project he will help you by facilitating the sale or acquisition of property. Or rent/lease requested by individuals.
That's for sure, that's why I'll always consider building such kind of structures in the urban settlement. Because it will attract suitors very much, more than in the rural areas due to how scanty it is with population of people.As long as people are still moving from the rural setting to the Urban cities it is always going to be a lucrative business for you to be involved in real estate because people will always look for houses to live in and as a real estate agent or investor you will always have something to sell to them.