How to make money buying and selling property

If you are looking to get into the real estate business, be warned. It can be risky. However, with proper planning and research, you can earn lucrative sums in relatively short periods of time. The housing market is a fickle beast, which can be positive and negative. Learning to read trends is critical. In addition, you should start on solid financial footing, in case your investments go ro.

How to Make Money on the Internet

By Property News team. Get your sums right because property development is a risky business. You could make a fortune, or you could lose everything and end up in debt. When you have done the maths, work out exactly who you will be trying to sell to, how much you will realistically get and whether the profit margin is worthwhile. Property development is very capital intensive. If it was easy, we would all be millionaires. Get the upper hand by monitoring what’s going on in the housing market. Ultimately, the market depends on five key criteria:.

1. Blogging

Find out the latest housing market news on PrimeLocation. Everyone thinks they know what this means — but they don’t. If you buy in the centre of the best area then you are going to pay the highest price and that doesn’t leave you any room to make a profit. A good location means somewhere on the fringes of a good area that, in time, can become part of that good area. Being near schools, public transport and green areas is essential when it comes to selling a property, but being in the nicest street with the smartest postcode isn’t. Some of the richest property developers in the world specialise in buying in what most people would consider the worst possible locations, when in fact they are great locations for developing property, making tons of profit. The trick is learning to spot these areas, because often the only way is up. Check out our article, How to be smarter with your property search. Just get in your car and drive about. I found my first house, which got me started, driving through Richmond. I came across this rundown, dilapidated old house and knocked on the door. An elderly gentleman answered and I told him I was interested in buying his house. He said he’d been thinking of selling up and we did a deal privately. I gave him a good price and avoided paying the fees.

What Is House Flipping?

Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. Advertiser partners include American Express, Chase, U. Bank, and Barclaycard, among others. Several years ago, I became friends with a young woman who was just getting started in real estate. The show made it look simple: find a cheap home for sale, put some money and sweat equity into fixing it up, then resell it for a huge profit. So I asked her if flipping houses was as easy as it looked on TV. She laughed and shook her head. House flipping is when real estate investors buy homes, usually at auction, and then resell them at a profit months down the road.

How to Make Money Buying and Selling Used Cell Phones

It is easy to learn and it can be fun too. About This Article. Check out my awesome interview with her on How to Sell on Amazon. There are some wrinkles to this rule. Because I live in Nigeria and I needed one. If you’re meeting people face to face, make sure they are trustworthy and will not steal anything of yours. Your cash back will be deposited into your Ibotta account within 48 hours. Cookies make wikiHow better.

Gary McCausland, presenter of Channel Five’s ‘How to be a property developer’, reveals his top 10 tips for buyers eyeing renovation projects.

With the rapid increase in the demand for smart phones and tablets worldwide, a corresponding opportunity is being created for smart entrepreneurs that have the courage and initiative to act. Are you interested in learning how to buy and sell used phones for cash? Do you need a sample cell phone retailing business plan or feasibility template? Do you want to start a business in the technology industry? Then read on. The trend is on and the demand for smart phones at an affordable rate is on the rise.

K, South Africa, India. Now for those who are interested in making money of this technology crazy kids, you are welcome on board. Buying and selling used mobile cellphones is good business because a lot of people cannot live without phones but only a few can afford brand new mobile phones, especially the latest models and expensive brands. You can give people with a tight budget an option by offering them used mobile phones.

There are a number of tips on how to buy and sell used phones. You have to take note of these tips especially if this is your first time to do. Purchasing and selling used cell phones may seem difficult or challenging, but immediately you understand where to get your supplies and how to do it, the business will becomes much easier. Purchasing and selling used cell phones could be very profitable if you are serious, honest and diligent in your efforts.

Beside the profitability, trading phones is a great way to earn some extra cash in your free time or leisure hours. The steps highlighted below are the ways to buying and selling used of used phones. Have some capital set aside for the business. To start this kind of business, a certain amount of money is required. The amount should not be that much, but it should be something substantial in order to acquire the basic requirement for the business.

Do your market research and feasibility. It is very essential that you know which used cell phones are selling in the market and their prices.

You can visit local retail shops that do sell used and refurbished cell phones. Compute a list of what they are charging for popular phones and take note of the number they have for each type of phone. This will surely give you some indication of their popularity in your own area. You must also choose your target market. Are you targeting youths, teenagers, civil servants or salary earners, students, etc?

You should also visit tech forums or better still, carry out a survey to find out what phone is most popular among your targeted users. One important tip to buy and sell used phones is to understand the features of the phone. What this means in essence is that you must be technology inclined or oriented. It would be easier to sell a used phone if you can market its features to your potential buyers.

You also need to know the features of a used phone before buying one to determine whether the phone will be easy to sell or not. You can visit online classified websites such as Craiglist, eBay and Alibaba. Do not pay more than what you think you can resell the phones. Note that you can sell used cell phones for what retail shops can sell. Or you can look for local pawn stores for used cell phones. Pawn stores are good places to purchase items with the intention to resell them, as they always pay little to buy items to start.

Frequently, they will sell them to new buyers for half of the original retail prices. Consider the price. Another important tip on how to buy and sell used phones is to consider the price.

When buying a used phone, make sure that you are getting the best deal in terms of quality and price especially since you are planning to resell it. Make sure that you will still get a good profit when you resell the used mobile phone. Used phones sometimes have defects which could affect the price, especially if it is a major defect. Do not buy a used phone with major defects like damaged LCD screen because this will be too expensive to repair and you may end up with a useless mobile phone that nobody wants to buy.

It is better to buy used phones in person than online, so that you can better check the condition of the phone. One very important tip to note when buying and selling how to make money buying and selling property phones is to ensure that the phone is not stolen. What you can do is to get a checkMend certificate. This is a database that has all the list of lost and stolen properties. Having a certificate proves that the phone is not stolen.

IMEI or the international mobile equipment identity number is needed for you to check the phone in the checkMend database.

You need to pay a small fee for the certification. People always sell more costly phones such as iPhones and Blackberries this way, as there is usually a little charge to place the adverts. Online classified websites like Craigslist do not charge any fee, and most of the buyers will come to you to pick the items. Paying for an ad will decrease your total profit.

Check resources for other classified sites that are free. Another way to sell your products is to place your phones in a display glass and position it in high traffic centers such as streets, road intersections, shopping malls, markets.

It is important that you give a clear description of the exact model and condition of the phone and the price which you want it to be sold. Do not forget to give your customers description of scratches on the screen or any other problems with the phone. Remember that the best marketing tool for this kind of business is word of mouth marketing and referral.

But no one will refer their family and friends is the quality of the phones you sell is very poor. As a novice or beginner in this business, it is inevitable that you will end up buying dead phones or very low quality phones at the initial stage. This is a necessary loss as it will help you gain more experience in the selection and pricing of used phones.

Another way you can reduce the effect or loss arising from this risk is to learn how to repair and reconfigure phones. In conclusion, you should always expect to get up to 75percent of the retail value of used cell phones that are in good condition. For phones that are more than two years of existence, just expect to have about 40 percent of the original retail cost.

Finally, buying and selling used cell phone is a lucrative business. This is a business that requires smartness, intelligence, swiftness, vibrancy, socialization, good persuasion skills. It is profitable and encouraging if properly managed. Toggle navigation Menu. Author Recent Posts. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs.

Basics of Buying & Selling a Property

The following is a guest post from my friend Eric Moorman, who has made a killing in small-town real estate investments. I have been a full-time Real Estate Investor for three years. I got started with a mix of desperate need a Masters degree, no job, and no moneyand the promise of huge profits with no experience or start-up money needed. I had never taken a Real Estate class and had no idea how to fix.

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The one advantage I had was a father who was an amazing mentor, the quintessential entrepreneur. My dad invested in Real Estate on the side and thought I may be good at it, so I decided to give it a try. The first obstacle I faced was the fact I had no money to buy a house. But when you hear you can buy houses with no money, believe it.