i am in real estate business since 2 years. i find it very profitable and challenging as well. my area of interest is particularly foreclosure property as it is enriched with great margin to accumulate profits!

montyloree. Yes real estate investing can be a very lucrative full time career. My builder recently told me a great story. A friend of his father's purchased an income property each year for several years, holding onto them and maintaining them. Now he sells one per year. Boy! can you imagine selling annually a fully paid well maintained income property??????.....

Hi montyloree. My associate has been a licensed realtor for 15 years and an electrician for at least 35 yrs. The secret is having qualified skilled trades, strict budgets and a uncompromising timeline.

I will say it again. Hire a professional realtor in SK. One you can trust explicitly. Jeepman2

hey jeepman...
that's what I'm starting to see.. investing in real estate is a business, and probably takes years of testing and trial to get it right.

sounds like your friend is skilled at joint venturing with trades and other suppliers. IE.. he's not doing all the work himself.

How long has your friend been involved in real estate investing as a business?

montyloree and zackstad. Real estate investing for fast re-sale requires a real knowledge of home renovation.I know a gentleman who is a licensed realtor and an electrician. He uses skilled trades and has access to wholesale suppliers for A/C, furnaces, building materials..etc. as well as a substantial credit line.

Use a professional realtor.They are working with lenders offering power of sale properties.Professional realtors know the area comparable sales.You will then know if the re-sale price can be achieved and you can make a profit.

Be very careful when becoming a landlord.You must know your provincial tenancy laws. There are professional tenants out there that can make it very difficult.Jeepman2

I have done a little myself by flipping houses.The problem is though its really hard to get a house at a low enough cost to fix up and then sell.I do the work myself but still the cost of materials is high.Another problem is you need to find houses in an area where you can put 20,000 to 30,000 on it and not get a little high for the neighborhood. Most houses you see at a low cost there is usually a reason. Also another problem is the hidden things you might find,there is always a surprise somewhere in the house that could cost another 10,000 and that just might be a lot of your profit. I have only done houses that need repair though not just buying real estate to make money on. But with both ways the market does play a lot of what will happen,even a good deal on a house you have for sale isn't much good when no one is buying.

I am interested to visited with folks who do real estate investing as a source of income.

I am getting more and more interested in this as a business idea. It seems to be a long term way to make some good money.

As I am beginning to see, it takes some patience, planning, strategies and systems.