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Real estate
Two major challenges in real estate investment
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[QUOTE="btaliat, post: 226947, member: 26390"] Real estate is one of the lucrative investment one can easily think of but it had its own negative sides which may even outshine the positive ones especially for a fainted heart. The first one as the poster rightly said is the capital aspect of it. Most time, we always think real estate is easy to start but reality will always dawn on is when we later realize that it does require more than what we can really estimate sometimes. Since the land owner know that real estate investment is the hot cake now, they have found a way of increasing the prices of their lands. Improper town planning is one of the numerous problems that faces real estate investment. I have seen some realtors that have lost their lands as a result of this. They don't even know the lands bought is closer to where government may need I'm the future for some projects. There are some house owners that have even had their houses demolished on this ground. That's why some people do preach collecting of certificate of occupancy having bought lands to secure the lands. Finding customers is the next problem. It may not look difficult but it is especially for someone that's new into the business. We may always find it difficult to make customers because of trust issue. Many realtors waste so much on advertisment just to make sure they win confidence of prospective buyers. [/QUOTE]
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