Real estate business tips and tricks for buyer
Whenever we think of doing a big business, the thought of the real estate business comes to our mind. Because the demand is increasing day by day and another reason is that it has the lowest risk or highest profit if you spend a few tips and a little bit of ingenuity and it is a business that will make you rich very quickly.
Techniques and advice for the real estate industry
1.use debt: Whenever we hear about investment, it comes to our head that we don’t have money, in fact, we don’t need to invest our own money, we invest in other people’s money. We have to take a loan from the bank and how do we take a loan from the bank and why or the bank will give you a loan. To do business, you have to take a little risk, you will take a loan from the bank by mortgaging the house in which you live. You don’t have to be afraid to mortgage your house, because the risk is you start with it The house you have will cost at least 2 to 3 crore rupees, and when you mortgage this house to a bank, you will get a loan of at least 50 lakh rupees, but you do not need to take a loan of that much money. You take a loan of only 10 to 15 lakh rupees from the bank, and the interest on this money will come to 20 to 25 percent which you can repay from your business profit and house rent. You have to hold on to any of your property for at least one year, do you think that it is a lot of risks to do real estate business by mortgaging your home with a bank, but it is not as risky as you think.
This is the magic of the real estate business because it is not a stock market where you buy a product for 300 rupees and the price goes up to 30 rupees on the second day, it never happens in the real estate business. If you take a risk in the real estate business, what could be worse than if you took the risk by calculating, let’s not know, let’s say you bought a property for Rs 10 lakh after doing good research, but still with you from bad. What’s worse is that the price of the place you bought may never go up again and you may have to sell it for 7 to 8 lakhs.
But the real estate business is not such that property worth Rs 10 lakh is sold for Rs 1 lakh. This way you can start a real estate business.
Collaboration or partnership
The partnership comes to our head just when it comes to doing business, not investor time. This is a very bad idea because you can buy a good property by investing with your partner, for example, you have a choice of property, the name of which is Rs 30 lakh. You can buy this property by adding two people’s money. But here is one thing to tell your partnership that the money to invest in the partnership at your own risk.
The ugliest property in the best area
Usually, when we go to buy a property, we find out how beautiful this property is, but it will not be seen, you have to find the best area. This means that the area property price is higher, and you will buy this property is the most invaluable. Because you can buy this property at a much lower price, and by investing some money in it, you can make it a beautiful property. And you can sell it for a lot and you can sell it for a lot more. Real estate company
