launchora_img

How to Make Money on Real Estate Resale

Info

Many people are buying real estate to invest money. This type of business, like the real estate resale, is not suitable for everyone. First, we need a lot of start-up investments.

Secondly, there is a danger of becoming a victim of an unfair business scheme, and simply of fraud. Large sums of money always attract rogues. Both of these circumstances lead to natural doubts because the risk is quite high. How to grow funds? According to experts, only a preliminary study of the business, and even down to the nuances, will help to minimize the risk percentage and ensure a good and, most importantly, stable income.

To start a resale business learn about different apartment types. There are several common ways that are popular among real estate businessmen. Here is a part of the interview with the representative of Jacars real estate advertising platform.

It is widely believed that you can make great money on the resale of apartments in new buildings. They say that buying an apartment at the very beginning of construction, when builders literally begin to dig a pit, can bring from 200 to 300 percent of the profits. Is it so?

Buying an apartment at a specified stage of construction is associated with the best price and some risk. The fact is that even a seemingly almost ready house can wait for a connection to it and real commissioning for quite a long time. This may occur for various reasons, but the fact remains: the figures you have mentioned are completely out of the question until the object is completely ready. This is a risk. But even at a stage far from commissioning, the apartment can be sold, but it is unlikely that it will be possible to make the desired profit.

So, it’s clear about the new buildings: the maximum profit at the stage of settlement. What can be said about the acquisition of so-called secondary housing?

You can buy an inexpensive apartment without repair, equip it, make a cosmetic (or overhaul) repair and sell profitably. Of course, the cash costs for its acquisition will be significantly more than for the purchase of an apartment in a house under construction.

In this case, repairs in the acquired apartment are better to do on their own. Today there are a lot of building materials that are relatively inexpensive and have good performance characteristics. Having spent a very small amount of money, you can make high-quality redecoration in the apartment, without resorting to the help of specialists, for the payment of which almost all the profit you dreamed of will go. To do this, it is not necessary to have professional skills or great physical strength, and an ordinary woman can handle this kind of work. Thus, it is possible to significantly save and, therefore, make good money. Yes, it is a lot of work, but it is guaranteed to pay for itself.

What else can be used to make more money on the sale of an apartment?

Lots of people, due to some circumstances, need to urgently sell an apartment. Due to the urgency, they tend to put up an apartment for sale at a fairly low cost. If you skillfully ask for a discount, perhaps the sellers will give it to you. They will not bargain on trifles, because they need to get money as quickly as possible. After a successful purchase of an apartment, all that remains is to put it up for sale at the price that suits you. The main thing is not to let yourself be drawn into the excitement and not lose the sense of reality when preparing for a deal: it is on the desire for quick profits that fraudsters catch their luck, engaging customers in a fast-paced rhythm and making a mistake.

Is it possible to advise novice realtors to work with rooms in communal apartments?

This method of acquiring immovable objects consists of the phased purchase of individual rooms located in a shared apartment, which, as a rule, has a fairly large area. The cost of all the individual rooms you have purchased will be much lower than the price of one multi-room apartment.

If, moreover, this communal apartment is located in a prestigious area, its cost, at resale, will be even greater. Thus, having acquired several separate rooms in a communal apartment and having made redecoration in them, it is possible to sell a large apartment for a good price.

However, it is necessary to take into account that the redemption of individual rooms in a communal apartment will take a long time to complete the entire package of documents for each room. In the process of acquiring rooms, unforeseen difficulties may arise, therefore such a business is better carried out with the assistance of professional lawyers and realtors,


Be the first to recommend this story!
launchora_img

Stay connected to your stories

How to Make Money on Real Estate Resale

17818 Launches

Part of the Something Else collection

Published on May 30, 2019

Recommended By

(0)

    WHAT'S THIS STORY ABOUT?

    Characters left :

    Category

    • Life
      Love
      Poetry
      Happenings
      Mystery
      MyPlotTwist
      Culture
      Art
      Politics
      Letters To Juliet
      Society
      Universe
      Self-Help
      Modern Romance
      Fantasy
      Humor
      Something Else
      Adventure
      Commentary
      Confessions
      Crime
      Dark Fantasy
      Dear Diary
      Dear Mom
      Dreams
      Episodic/Serial
      Fan Fiction
      Flash Fiction
      Ideas
      Musings
      Parenting
      Play
      Screenplay
      Self-biography
      Songwriting
      Spirituality
      Travelogue
      Young Adult
      Science Fiction
      Children's Story
      Sci-Fantasy
      Poetry Wars
      Sponsored
      Horror
    Cancel

    You can edit published STORIES

    Language

    Delete Opinion

    Delete Reply

    Report Content


    Are you sure you want to report this content?



    Report Content


    This content has been reported as inappropriate. Our team will look into it ASAP. Thank You!



    By signing up you agree to Launchora's Terms & Policies.

    By signing up you agree to Launchora's Terms & Policies.