There are four types of real estate:
Residential real estate: These includes both new construction and resale homes.
Commercial
real estate: These includes shopping centers, medical
and educational buildings, hotels and offices.
Industrial real estate
Land
Residential Property. Any property
that is designated for family homes, apartments, townhouses, and any other place where people live.
Mortgages on and income from residential property are often entitled to preferential tax treatment.
Investing in real estate is a good idea if you want to make it a career. The best way to investment is in properties that will be rented. This way you can make money all year.
The term residential rental property distinguishes this class of rental real estate investment from commercial properties
where the tenant will generally be a corporate entity rather than a
person or family, as well as hotels and motels where a tenant does not
live in the property long term.
Residential real estate agents can make good money, but that's only in perfect conditions. On the other hand, a commercial real estate agent makes more
annually due to the higher commissions on sales.
Create habits surrounding your goals – Goal-setting works best when you have habits surrounding your goal. Your habits are directly related to the rate of depletion of your motivation levels, so if you’re not habitual about doing things that are needed for achieving your goals, your motivation levels will deplete more quickly.
ReplyDeleteCreate a routine around your habits – Successful people have this one noticeable thing in their lives: they live their success, whether anyone notices them or not. Learn to live your success.
ReplyDeleteDo the best work you want to end up with today; throw yourself at the toughest of tasks. Make it a routine to commit yourself to that habitual activity, and demand exceptional performance from yourself.
ReplyDeleteStop procrastinating
ReplyDeleteThe most successful people will at times give up because of their habit of procrastinating.
ReplyDeleteSet yourself long-time goals which are motivating and keep you going.
ReplyDeleteLong might be difficult to define, so just try to find what works best for you. A 10-year plan is what you plan to accomplish over a span of a 10 year period.