What is real estate is it good oppurtunity for get earn good money?
- RachelS165Lv 78 years agoFavorite Answer
"Real estate" is land, houses, buildings.
You can buy a house or commercial building, or a piece of land, and hold onto it for a few years, and wait for the value to go up. Depending on the ups and downs of the real estate market, that might work -- or you could lose a lot of money if you bought when prices were high, and then prices go down.
You could buy a house, commercial building, or land, and then rent it out to a tenant or tenants. That could be a good source of income -- if you find good tenants who pay their rent on time and take care of the property. But then you have all the costs of maintaining the property, and legal fees if the tenants don't pay their rent, and so on.
You could buy a run-down house or building, renovate and restore it, and then sell it for a profit. But you'd have to be able to do most or all of the repairs and renovations yourself, as hiring contractors to do it will cost a lot of money and eat up your profits. And then, it would depend on the real estate market as to how much you could get for the property after you fix it up.