Real Estate Anyone?
- Thread starter TI3GR
- Start date
Digitalist
BANNED
- Mar 25, 2013
- 77
- 35
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.
darkblitzrc
Regular Member
- May 25, 2015
- 333
- 179
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.
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!
I even saw a website a couple of days ago where they crowdfund property purchases, just google it, it is very interesting!
darkblitzrc
Regular Member
- May 25, 2015
- 333
- 179
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?!
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.
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?!
Sherb
Ban reason = Abuse of Mods
- Dec 26, 2010
- 1,968
- 18,138
One of the most lucrative opportunities here in the United States is self-storage buildings. Things like this:
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.
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.
warriorsam53
Elite Member
- Jan 15, 2016
- 2,221
- 2,639
Invest in a REIT. You can do that remotely.
darkblitzrc
Regular Member
- May 25, 2015
- 333
- 179
One of the most lucrative opportunities here in the United States is self-storage buildings. Things like this:
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.
You are 100% correct, in my country there are dozens of those storage companies and they seem to be doing WELL !
soulcollector
Senior Member
- May 10, 2014
- 832
- 313
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.
healzer
Elite Member
- Jun 26, 2011
- 2,974
- 3,063
Interesting, can you tell me more about that?
Was it a company you were working for, or just individuals?
CashMoneyMantra
Registered Member
- Feb 25, 2016
- 66
- 86
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.
Shadexpwn
Elite Member
- Sep 12, 2010
- 1,730
- 484
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.
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.
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.
