For those who want to enter the real estate market, I have a few ideas on what to do with it.
- Townhouses for rent to friends , family and officemates
- Condo units register it as Air-Bnb
- Foreclosed properties as flipping
- Empty lots good for planting , parking and mini stalls
- Family home with multiple doors for rental income
Things to look out for
- Titles and down payments. You might need to hire a lawyer
- Rental price vs competition
- Loan rates for personal or corporate
- Tenant contract for house rules
- Cash flow. Need to know the profit per year and per door
- Unit profile. Need to know the square foot, when it was made, and how many it has changed hands
- Debt on the deal. If it is still being paid in the bank and how much interest it is on.
- Repair cost. This is for carpets, paint, fence, layout
- Property manager. It can also be a broker who will take care of the property
- Location. Crime rates, what stores are around, businesses and schools, if there are street lights
- Banks loan rates, what is the last trade price