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Making money in Real Estate is still considered a potential business in major cities like Miami, Miami Beach, Orlando, New York, Los Angels and Las Vegas among some others.
The National Association of Realtors has described “investors” as non-occupying homebuyers.
Fannie Mae Chief economist David Berson said that housing investors participation is going to move away and it may cause a market decreasing. However, housing sales translated into numbers are suggesting the contrary.
And, according to the market conditions whether it is a sellers’ or buyers’ market indicate that it is still a great time to buy a home for Real Estate investors, make some eye-catching improvements and sell it at a later time.
Real Estate investors are, in general, Real Estate Agents, landlords, property managers or professional builders.
Real Estate investors usually become Real Estate Agents because it is better to work for a Real Estate Company in a based professional team than making the whole work alone since Real Estate investors buy a home to sell the property later and buy a new home and so on. As you can see buying and selling go hand in hand for investors. And, both sides are very well handled by professional Real Estate Companies.
Buying a home to live in for a period of no more than two years, make some improvements and then sell it because your family is needing a bigger space, it doesn’t necessarily mean that you are a Real Estate investor.
In this case, you are making a new Real Estate transaction.
Probably, your first buy was wrongly assisted since the home you bought is not suiting your family needs so you had to remodel it to stay in for at least two years.
Buying Real Estate when you are not an investor is not that easy, it involves important issues that must be properly handled by a professional Realtor.
Make a list describing the home of your dreams and show it to your realtor. If he/she doesn’t ask for a second list containing what it must have in order to buy it, you better run away because he/she looks more like a sales person than a representative and professional Real Estate Agent.
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