Traditionally, the basic idea for those buying and selling real estate is usually to purchase a property that is undervalued and then sell it at a higher price, possibly after some time or after some improvements are done to the property. This strategy can also be used to purchase properties during times of low prices and then sell them later when prices have risen.
Some other individuals also make money in real estate by buying properties and then renting them out to other people or to businesses. This strategy involves having a certain amount of property management skills to be successful since you or your agent will need to vet potential renters, receive their rent payments, and then clean up and fix things during the period of their tenancy and also after they have vacated the property.
Still others can make money in real estate by purchasing an old property that requires repair or upgrading. They can then make the most cost effective improvements that will give the property a good chance of being sold at a higher price.
However, in the modern day economy, there are several other ways of making money in real estate investment. I have taken time to do an extensive research on this subject matter. In my subsequent write-ups, I will take time to discuss my findings.
To be continued…

Bukola Ogunsola is the Managing Director of Gritt n Nitt Limited, a real estate consultancy firm. She is an expert in the field of property management, agency and other related services.
+2348037223516, bukolaogunsola@ngritt.com

watching!! interested!!