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How would you judge the profitability of real estate industry?
Is it time dependent, Tactical, or situational? Time dependent as in - more time you've tied up money in real estate more profits you could gain. As real estate value appreciates day by day. Tactical as in - Buying or selling the right property at the right time Situational as in - not sticking to a preplan but being flexible enough to make real estate investment decisions as and when they are needed. Is it maximizing sales or minimizing costs? Maximizing sales as in - finding the best buyer, selling to the highest bidder. Minimizing cost as in - using low cost alternatives for construction, low cost advertisement, save costs on legal matters. Do all matter for survival or is it some matters a lot and some not much? |