Real estate makes money, for many. It always has, will do, and will seldom fail. Unless of course, you are just throwing money around. Chances are, you will stall make money, but will have to wait longer. What constitutes a good profit? What is a good return anyways? Who profits? Who profits the most, rather? An analysis of the past will reveal everyone who was there with a long term plan always made a good profit. How can you do better? Chances are, you believe in luck, trends, or Vastu, or an advise from someone who is respected by you in other areas of expertise.
Luck? Can you depend on it. I was reading a book yesterday and it told me categorically luck is perceivable even it opportunities, network, your goodness, intuition or many more factors just combined to make it for you. Is it luck? Not really, except in rare cases where you find dumbfounded luck.
Follow a crowd? Well, crowd following is good many a times, but this is your hard earned money. Nobody will share your losses or the fast you lost out on an opportunity. Chances are many people feel relieved that a lot more people are involved. That sense of security vanishes if the profits don’t come in as perceived.
Trend? Well, there is a trend. But are you looking for it blindly? Are you on it? Are you missing it? Could you have made more money by getting in or out faster?
Timing is everything ion investments. Time to get in and time to get out! Time to invest and disinvest. A few days here and there sometimes can mean a big difference. A desperate deal often gets you a shower of quick burst money. A good price in an otherwise unknown area gets you a mouth watering deal. How do you manage a deal like this. Chances are that a needle in haystack is often with the person who holds the magnet. The magnet here is the real estate agent. Developers depend on agent and their marketing to sell. Often as a reward, it is the agent who gets a good shot at a desperate deal even from a client who would not have the expertise in finding a buyer in a short span of time.
So then, timing is not everything? It is. Whatever I say in terms of investment is all dependent on timing. Your broker or dealer simply helps you identify it. You are good in your field of expertise, in your job, and work. so is the broker. The dealer or broker is not a person looked upon in India, although outside our country, it is a truly different story. But presentable or not, analyse what he offers you. Then take a call. A simple no is enough for him to stop pursuing you, but a yes from you to a good deals opens many a racks of profit.
Luck is sometimes, whether you believed in the fair chance you got. Luck is not just a probability, it is a calculated probability. That way, you make more and are considered more lucky!
A honest real estate specialist is worth millions even if he himself did not have an opportunity to make the millions you will make from him. After all, your money works for you, to get him, his advise and then investment and disinvestment at the right time does the rest.