Real estate investment can be another source of substantial income. The two key factors which determine the outcome are timing and location of the property purchased.
The different ways of making money are as follows.
Buying a piece of land in a locality which has potential for developing within a few years and selling it when it has fully appreciated in value.
Buying a piece of land in a developing area, constructing a house on it which can then be rented or sold.
Constructing a shopping complex and renting the shops can be a source of lucrative income for those who can invest more money. The complex can be completed in stages.
Buying a constructed house and renting it out or selling it later for higher price.
Another way of making money is to mortgage the properly for raising a loan and then investing the money in some business.
One should be extremely careful in buying either land or building to make sure there are no legal problems. When in doubt a competent advocate should be consulted before finalizing the deal.
