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Real Estate Anyone?

Discussion in 'Making Money' started by TI3GR, Mar 28, 2016.

  1. TI3GR

    TI3GR Registered Member

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    Well, I know real estate has a lot of money and frankly, I have made my first hundreds thru that.
    But can it be done remotely? Like over the internet? Have you tried real estate? What are some tips and so.
     
  2. loedown

    loedown Jr. VIP Jr. VIP

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    Wait.... what???
     
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  3. Digitalist

    Digitalist Registered Member

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    Buying, selling, leasing, flipping, multi-tenant, commercial??? Real estate is broad. Can you do parts of it remotely? Sure. But you'll always end up face to face (with someone) to handle paperwork.
     
  4. darkblitzrc

    darkblitzrc Junior Member

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    No it cant be done remotely, well if you wanna lose money you can do it remotely. Not every business can be done remotely dude, go read the abc's of real state investing by Ken Mcelroy, that sure is a good book to get started. And you also need a team for Real State investing, you cant go alone like here on the internet.
     
  5. Natty

    Natty Regular Member

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    I disagree with you buddy, I have read about cases where people run property empires from their homes abroad.
    I even saw a website a couple of days ago where they crowdfund property purchases, just google it, it is very interesting!


     
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  6. darkblitzrc

    darkblitzrc Junior Member

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    well i did not know that haha! But i guarantee its going to be harder to set up a real state company from the comfort of your home. Also who doesn't love going out and living life exploring new real state opportunities?!

    :p
     
  7. Natty

    Natty Regular Member

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    I think it makes it hard to set up a real estate empire remotely, I agree with you on that. But rich people often hire people to go and look at properties in local locations to access them for quality, it was a way that I used to make money when I was 18. Property searching for rich clients.

     
  8. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    One of the most lucrative opportunities here in the United States is self-storage buildings. Things like this:

    [​IMG]

    Why? People are buying more and more shit, and running out of places to put it all. There's 60k+ storage facilities in the USA, compared to 15k or so throughout the rest of the world.

    Minimalist me plans to profit off of the concept of American excess once these student loans are paid off.
     
  9. warriorsam53

    warriorsam53 Power Member

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    Invest in a REIT. You can do that remotely. :)
     
  10. darkblitzrc

    darkblitzrc Junior Member

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    You are 100% correct, in my country there are dozens of those storage companies and they seem to be doing WELL !
     
  11. soulcollector

    soulcollector Senior Member

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    Real Estate is in the eye of the beholder. If you are just going to flip, you need insight. Also, you need to be innovative and learn when a new closet will make you more money back than when you put in. The location does play a role in the way you can rent or sell properties, so if you can pick an average location and do some upgrades you can still make money. Older homes are neglected all the time, talking down on a price so you can do upgrades and fix stuff your way to help you resell for more profits.
     
  12. TI3GR

    TI3GR Registered Member

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    Its quite easy for advertising with Facebook as CPC is about 0.10$ or less and I am talking about affiliate
     
  13. TI3GR

    TI3GR Registered Member

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    I am talking like. You partner with a hostel or guest house or something, Then creating website and capturing leads, then contacting them and reselling the property for more
     
  14. lvxn0va

    lvxn0va Newbie

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    You can do Virtual Wholesaling. You'd end up using local inspectors and photographers to visit the property. Not wise to do any commercial or rental property, strictly remote. At some point during due diligence you should visit the property.
     
  15. healzer

    healzer Jr. VIP Jr. VIP

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    Interesting, can you tell me more about that?
    Was it a company you were working for, or just individuals?
     
  16. CashMoneyMantra

    CashMoneyMantra Registered Member

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    Thing is with this, a lot of people who have property empires inherited it or built it up themselves on the ground, later managing it remotely. If you started without a portfolio you would likely have all your profits eaten up by outsourcing all the footwork.

    I guess it boils down to where you are, where you plan to manage and how much you have to start out with.

    This would probably fall under tourism more than anything.
     
  17. Shadexpwn

    Shadexpwn Elite Member

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    Remotely? Depends on what sector you're in.

    Realty, 90 day Turnovers??? Brokerages... You name it, but if you are looking into renting, leasing or licensing it takes loads of physical effort to prepare properties.

    There are ways to wholesale houses with a little less footwork, but if you're acting remotely high volume is an absolute necessity.. Other than that, the difficulty might be too hard for what you're aiming at.
     
  18. neu009

    neu009 Senior Member

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    Depends.
    Actually buying, flipping etc.? Unless you have tons of cash , no. If you do, sure , but then you would not ask here to begin with.
     
  19. ZionIce

    ZionIce Jr. VIP Jr. VIP

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    seems very risky to me to make this remotely