Owing to the high rate of unemployment and job losses, loads of people are looking to go into the real estate business as a full time or part time activity. As more people get into this business, they are not fully aware of all that they need to know about the business.
That is why in this article we are going to address how you can make money from real estate as an agent or someone who is investing in real estate business.
One of the ways of making money is through rent payment from properties you have developed. Most agents leverage on already existing properties owned by others. This is the oldest way of making money through real estate business. This is usually for people that have substantial funds to invest and are willing to wait for a time to recuperate their capital.
2. Commission on Deals
Commissions on finalizing real estate deals is also another viable means through which real estate agents make money. As a real estate agent, you link up buyers and sellers, and those willing to deal with real estate properties and get paid a commission of the total amount of the deal between the two parties.
3. Property Appreciation
This simply means buying and selling of properties after it had appreciated.
There are some real estate investors who deal only on buying properties with the sole purpose of making profits from them as soon as they appreciate.
4. Hiring of Equipment
You can also make money from real estate business by hiring eqiupment needed for real estate development. Over the time most real estate developers would have acquired some of this essentials so it just becomes a logical thing to make some extra cash by hiring them out to be used by other developers.
Thank you for staying glued to our weekly posts and HAPPY EASTER from all of us at Osekemi Properties Nig Ltd.