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How do you make money in real estate?


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Answered 2012-10-09 14:24:47

In many countries, including South Africa, property is a pretty lucrative industry, especially in developing areas. What most people do is buy old or dilapidated houses in developing areas, fix them up and resell them. The other alternative is to rent them out. Property brokers earn large commission from home buyers and sellers all together.

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The most common source for real estate profit is the appreciation - the increase in the value - of the property in question. This is achieved in different ways for different types of real estate. And, most importantly, it is only realized through selling or refinancing.

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