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FAQ

I hate having to pay 6% to real estate agents and on top of that the additional fees. So if I've found a buyer, what are the steps needed to sell a home in California without going through any real estate agent?

Things are complicated, really too much for most individuals, part of that average 6% goes to the buyers agent, one compromise is to use a broker charging closer to 3% or a flat fee, but not offering the premium advertising/showing assistance an agent provides.

Well i'm really thinking about going into real estate as a side job. I wanted to do it when i go to college to help pay for expences, I heard you can make a lot of money. Now I don't want to make this a career, but i'm pretty intrested. Now my questions are would this be a good idea? What would i have to do to be lisenced? I'm still in High School, but i thought this would be a good way to start making some money.

In college I once ate a whole pound of sharp cheddar cheese. The dare, of course, was to eat two pounds, and I failed miserably. I just couldn’t get past the first pound of cheddar, and to this day, I still have trouble enjoying a nice bowl of Mac ‘n Cheese. I’m sure you have similar stories of doing stupid stuff to impress a girl (or guy,) laugh with friends, or just because you were bored. College is all about those moments (with some learning time thrown in for good measure) and I don’t think you should stop. Live it up! However… College is also a prime time of your life to start thinking about your financial future. You are reading a financial blog, so I don’t need to go into all the motivational ins and outs of why it’s important to start building wealth at a young age. You already know that the earlier you start – the earlier you’ll finish. However, what you probably don’t know is how to use real estate as a tool to shape financial future. In fact, you may think that you are too young to even think about investing in real estate while in your college years. Investing in real estate during your college years is not only plausible – there are multiple ways to do it and many young people doing it. Below, I’ve outlined four different ways that you can start investing in real estate during your college years so you can start crafting your financial future today...........Property Management

real estate business status in india and should i go for expensive building business or small scale housing

I would take a look at the return on investment. Your time and money you are willing to put into this investment. Try to find people in the business already and see what advice they have for you. Your question right now is very broad and very difficult to answer. Are you purchasing an existing building/house or an existing business? Previous owner are a good place to start. Ask a lot of questions, if the business is good why are they selling.. what are the upside potential? List the Pros and Cons.

What exactly does it mean to trade real estate as long as you're trading up in value ? How does the real estate generate income ? Anything else that you could possibly tell me about real estate would be the best, thanks:)

When you trade up in real estate, you're not actually trading anything. You're selling a property and using the proceeds of the sale to buy a better, more expensive property. Real estate only truly generates income by being rented or leased out. You buy or own the property, and you charge someone rent to live there. If this income is greater than what it costs to own it (mortgage, taxes, insurance, etc.), this is called a positive cash flow and you're making money. You can kind of consider a property value going up over time as being income generated. But, this income is only on paper, and is not realized until you sell and take your profit.

aside from having money put away in a 401k, is it reasonable to assume in todays economy, that investing in real estate is a good option?

Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last 50 years and has become a common investment vehicle. Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds. In this article, we'll go beyond buying a home and introduce you to real estate as an investment.

Ok is it possiable to get a job then buy a little crappy house and fix it up then sell it for more then its worth then after that keep buying bigger houses fix them up an just keep growing in size and money im 15 i been posting questions on a good career without college is this one and if so can some one teach me how real estate works ...thanks

I could name a few who became millionaires doing it. It was a bit easier when homes were appraising at a rapid rate. I've always thought of redoing some and make them handicap accessible.

I inhereited a home in Texas from my parents about 7 years ago. I have been putting as much $ as I can afford to keep it up and to pay the taxes. I don't know much about real estate, so can someone please help.The house is in Texas and I live in Illinois.I can't afford to travel to Tx. and do this myself. The house is vacant on 1 acre. The house needs work.The real estate taxes are too high for me ,especially since the house is run down.Who do I contact and how do I try to get the taxes lowered ?

There's no guarantee that property taxes can be lowered just because you'd like it. You can contact the applicable county tax assessor to find out about requesting a reassessment. If you can't afford the property, sell it.

I have been contributing to a few retirement investment plans and I think that I'm on the right track. I do not own any property and I am currently renting.I'm thinking of purchasing property either as an investment or primary home by taking out a loan against my retirement funds for down payment.I'm not sure if this is a good move.Should I just keep investing in my retirement or should I go down the real estate route? What are the pros and cons? Isn't retirement a worthwhile and valid investment compared to property?

You may want to consider the risk of job loss or a debilitating illness or injury where there is no income to repay the loan against the retirement plan and also triggering income taxes and penalties, hence a double whammy. In addition with an illiquid investment like real estate, if your rental income does not cover your mortgage payment, this will put you further behind. Also there is the risk of natural disasters. Also there is no guarantee of capital appreciation at the time you want to sell because of market forces.