Clarifications On Real Estate
Hello Guys,
In this post, we will discuss Real Estate and the main questions following it. Such as:
- What is Real Estate?
- How can we earn from Real Estate? How to Invest in Real Estate?
- How to check the details of a property and a broker?
- Can you start from scratch in Real Estate Business?
So let's start.
Must Read: Business Model Of WhatsApp.
- What is Real Estate?
When it comes to know about Real Estate, it is a Cup Of Tea for anyone. Just look all around you. All the buildings or lands including the one where you are sitting right now is a Real Estate. Real Estate is a business of land including buildings.
- Keep in Mind and Check Before Investing in Real Estate!
If you are investing in Real Estate then you must know about the location of the property in which you're investing. It is best if it is near to any commercial building, any government building or property or any institution.
One must check the following details about the broker before investing in any property. Have a look -
- One must check the broker's legal background. Must check if there are any pending cases on the broker.
- Reputation in the market.
- The broker must not be dependent on any bank loan. Or have any unpayable large amount dues to be paid.
- cust Check all the documents of the property carefully. The broker may have lied to you and it may be a government property. So check the property documents all by yourself and observe carefully if they are legally verified or not.
RERA=Real Estate Regulatory Authority
It is the authority that regulates the data of legal brokers and properties and helps to stop corruption in the real estate industry.
For example:
Stock Exchange - regulated by SEBI
Banking- RBI
Telecom-TRAI
Real Estate-RERA
- Earning After Buying Property:
If you have bought a property then you can earn money from it by giving it on rent. You can give your building, house or apartment to any person and take rent in exchange for it. It is a source of passive income. Price of Real Estate varies from place to place.
It is a productive asset that gives you returns after a certain period and gives you a good passive income.
- Earn Money With Zero Investment in Real Estate:
You may get shocked to hear that you can earn money from Real Estate without investing a single rupee/dollar. Yes, it's true. You can work in real estate as a broker, it doesn't need any money to start. You can start it by getting knowledge of buildings and land properties. Your work is to meet the buyer and seller. When you close a deal successfully you can charge 2% or more of the property's deal amount.
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