In: Finance
How do you set up a business or set of businesses that capture revenues related to real estate?
Real estate investing is buying a property to own and manage, to rent out, for further sell and interest on financial support given for purchase of said property to generate an income. The property can be an apartment, house, shopping mall, or even shopping center. Any brick and mortar is real estate and can be turned into an investment property. The objective of investing is to make more money from a property than its expenses.
Investing in real estate is more than just buying, renting, or selling. It is also about building value in the property through either renovation, additions, or inflation.
The strategies for growth in Real Estate business can be classified on the level of development::
1. Initial Stage:
a.) Identification of hidden or off-market properties
b.) Flipping of property
c.) Stage the property.
d.) Vacation rental of property.
e.) Contact the potential clients through different medium
2.) Identification of different Source of Income:
a.)Development Business:
Development of homes & commercial complexes.
Mainly caters to super luxury, luxury and middle-income segment in home development.
Also develops commercial complexes for other businesses.
Building commercial complexes in the vicinity of residential complexes.
b.) Annuity Business:
Rental of office space to various companies & retail outlets.
Develop and lent some of the major global brands their workspaces.
Develop shopping malls.
c.) Hotels:
Set up business hotel rooms.
Acquisition of domain expertise & assets with other businesses.