Posted on 04 October 2012. Tags: real estate investment
Real estate investment often seems like a taboo subject. The housing market is in a down condition in many areas of the country, and starting a career as a real estate investor can seem foolish. Even with that said, though, real estate investors can still make a great deal of money.
Real estate investment can be a tricky business, as anyone who lost money in the most recent market downslide can tell you. The risks are not always as high as one might think, but the downsides can be enormous. The profits can be amazing, though, so a good investor will take the time to consider what is needed for real estate investing.
The major hurdle towards real estate investment for most is the capital requirement. Real estate, be it a commercial unit or a home, is expensive. Spending tens of thousands of dollars is a necessity, and it is difficult to get a loan for your first flip or rental property. If you can pass that hurdle, you have to spend a great deal of time investing your initial profits into growth — a single rental property will not let you quit your job, and flipping a house will likely only generate profits that will last for a few months.
If you do have the capital to invest, though, real estate can be profitable. If you own homes and rent them out, you can establish a source of income that will require very little work on your part. If you flip homes, your profits will be higher but your workload may well be immense. If you are willing to accept the risks and slowly grow your portfolio, though, you can make a living through real estate investment.
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