Published On: Thu, Jun 1st, 2017

How To Become A Real Estate Entrepreneur (Part I)

Real estate business is attractive. It lures investors who are looking to make money from the market. However, there are pros and cons to the industry and it is important to know those before jumping into it. Below are some explained:

Real Estate Entrepreneur

Broad market knowledge

The first and foremost good feature of a real estate agent is to have knowledge of broad market. For beginner it is suggested to start with the residential real estate as it is less complex even though there are categories in it too. In the residential segment most of the buyers are well aware of the market and have personal experience.

Passive investing

If you want to invest in the property as an agent, you need to decide whether to become a passive investor or active investor. In the first case agent hold a private loan rate secured by real estate. It is also through seller financing, tax liens and hard money lending.

Active investing

You need to learn and take decision on several investment strategies if you want to become an active investor as an agent. You can become a landlord and thereafter decide whether to make it duplex, triplex, single-family house and quads. Also, you need to decide whether to manage and maintain it personally or through a property manager.

How To Become A Real Estate Entrepreneur (Part II)

About the Author

- Paul Linus is an eminent online journalist who has been writing news, features and editorials on different websites from across the world for about a decade.

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