Question

In: Economics

i want to invest in real estate, please how and where do i go and buy...

i want to invest in real estate,

please how and where do i go and buy
(building/store)
SO
i can jusy get paid by passive income(rent paid monthly)


what exatly do i need?
money?


ps-the place is in NY(queens)

please give me your expertise
or
pass it to someone who knows then

ill appreciate it.

Solutions

Expert Solution

Ans: If there is a choice to invest in real estate and options are available in the form of building and Store and the objective of investment it to earn passive income like a monthly payment through rent then my preference and the suggestion as per the market analysis is that you go for the Store because of the following reasons

  • The main reason is that if you will invest in the store then the income will start very soon because the investment in-store is not as much as high in comparison to the building and store are always ready to move.
  • The location also matters a lot so stores are always in a front-facing and in a place where it is approachable to the Concern person, therefore, it is a good source of income when you're looking for monthly income mode.
  • Reselling of the store is also very easy in comparison to building and for the expansion of the business, the store is also very good because after the successful establishment of a store it is a good chance to invest and to open another Store.

So here is the final advice and conclusion is that in comparison to building it's better to invest in a store so that you will earn a quick income and a regular monthly income with a proper Business expansion plan.


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