I am starting to look at real estate a lot more recently. I wanted to accumulate at least 50k in savings before touching it, and I have done that. It took me about a year/half to do it, and now with some consistent passive income of at least 3k-5k I am confident I can get this adventure going; but I have some questions.
1. How does one determine whether a market (the present) is doing well or crashing, and furthermore how can one tell when a market (the future) will do well (in 2 years) or do terribly.
2. Do I need any legal/certificates to purchase property and then sell it to some other owner? ie. I buy a 50k house for 35k with 3.5k down payment rest on loan (% is determined at that date). Market then begins to go up 2 years later and I sell the house for 65k. To do this process do I need any license, anything? Or just bankers and lawyers to do stuff.
1. How does one determine whether a market (the present) is doing well or crashing, and furthermore how can one tell when a market (the future) will do well (in 2 years) or do terribly.
2. Do I need any legal/certificates to purchase property and then sell it to some other owner? ie. I buy a 50k house for 35k with 3.5k down payment rest on loan (% is determined at that date). Market then begins to go up 2 years later and I sell the house for 65k. To do this process do I need any license, anything? Or just bankers and lawyers to do stuff.
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