Real Estate Salesperson or Real Estate Investor-Who makes the most money?

 

Real Estate Salesperson or Real Estate Investor

Being a real estate investor is different from being a real estate salesperson. But when it comes to making money, how much does each of them make in this industry? If you are interested in how to get quick currency in the real estate business, you need to understand one idea. Performing well in this sector is not the same as investing in it. A real estate salesperson performs in this industry and deals with the transactions and not the property themselves. On the contrary, real estate investors earn their living by buying properties and implementing them to create money in the future. In this article, we will see how much money each of them makes and their capability to do so.

What is the income of the real estate investor?

Becoming a full-time real estate investor means there will be no restriction in putting your money in this business. With infinite strategies for investment and different varieties of investment properties, it is upon the investor how much money he is eager to make. It is dependent on their financial goals. Some investors make up to a 6 figure income annually from this market. The total profit is dependent on how many properties the investor includes in their real estate portfolio. The number of properties and the ROI also controls the money-making factors for real estate investors.

What is the income of the real estate salesperson?

A real estate salesperson acts as a middleman in selling and finding the perfect propertiesfor investment. An agent will make money as a commission both from the buyer and seller when the property gets sold. The total profit amount that they make is dependent on specific factors that are influencing this money-making procedure. Some aspects also influence the money-making process of a real estate agent. They are his/her experience in this field, total working hours, marketing strategies, referrals from old clients, and speciality in selling a specific type of property.

Conclusion

Thus it is evident from all the facts mentioned above that making money in the real estate business is not about the career choices, but it is about the specific decisions that are associated with the selection. So if you ask us who makes the most money among the real estate salesperson or the investor, we would say the smart guy here who knows when and how to create an income opportunity.

What are some great books on Indian Real Estate?

Some great books on Indian Real Estate

Are you already into an established Real Estate Business or maybe planning to start with it? Well, if you are a newcomer in this sector, then you should maintain some protocols for it. For this, you have to do thorough research, which is not possible only through the web or any other search engine. However, there are several books to understand this sector better. So, in this article, we will list down some best-selling books to assist you with your findings. And here goes the list : 

1. Real Estate Investing - 7 Ways Anyone Can Use to Make Money in Real Estate 

Mark Atwood’s book shares some valuable information regarding the business. You will get multiple strategies to earn some extra money from this. Besides, the book also provides the benefits and drawbacks of buying and renting a property as well.

2. The ABC of Real Estate in India

Sachin Mittal’s book gives you the fundamentals aspects of real estate, from financial to marketing. Besides, as a gift, you will also know about the impact of RERA and GST on the Indian economy.

3. Investing in Real Estate - How to Make Money and Save Tax

When you research, you will eventually come across Subhas Lakhotia’s writing with the above title. It will help you to know all the challenges of both residential and commercial investment. The book is simple and a bestseller as well.

4. The Millionaire Real Estate Investor

This book is unique in its way. You will obtain different strategies, pros, cons, and so on from many writings. But this is all about the experiences of 100 investors who become millionaires. As a result, you will read their real-life experiences and the challenges they faced when investing in real estate. It also suggests that the strategies scripted here are already tested and verified.

5. The Guide to Property Investing

This book from Samuel Blankson presents the reader with a detailed analysis of the real estate industry, how investors can multiply their profit, and many more.

Few Other Notable Books:

●  What Every Indian Should Know Before Investing by VinodPottayil

●  Real Estate Investment & Financial Analysis by Gaurav Jain

●  Long-distance Real Estate Investing by David Greene

●  Real Estate Investing For Dummies by the famous Eric Tyson and Robert Griswold

Conclusion

So now, you must have some knowledge of the Indian Real Estate books. The books will help you peep into the real estate business and help you grow it. Therefore, without wasting further time, proceed to your nearest bookstore or order the books online.

Effects of delayed possession! Beware

 

Effects of delayed possession

In recent times, cases of delayed possession due to unreasonable reasons have gradually increased. The buyers are delayed after investing a hefty amount in their property, and the builder does not follow the given timelines. Clients must be aware of the laws of the consumer forum in such cases.

If the builder fails to deliver the project on time, it can lead to heavy punishments and fines. The effects of delayed possession are dangerous and might ruin the life of a builder. Let us have a keen look at the details further below:

RERA rules for delayed possession

According to the RERA act of 2016, buyers can send notice to the promoters or builders for not handing over the project on time. The builders might be forced to terminate the event and process the entire refund of money. In such cases, the builder is liable to return the money to the client along with the interest charged on it.

If not, then the builder might continue building the project but giving compensation to the client for delayed possession. The client can charge compensation for the delay of every month till property possession.

Late possession penalty

Under the RERA rules, the effects of delayed possession for the promoters are heavy. They might be imprisoned for a three-year term or will have to pay 10% of the initial project cost. The developers will also have to identify the defects on the structures that might arise within five years of project possession without charging from the clients.

The recent judgment on delay in delivery of possession of the property

According to the Supreme Court's verdict recently, the flat buyers are eligible for compensation for delaying the handing of property possession and failing to fulfil the terms and agreements designed by the promoters.

The total amount of compensation will be calculated upon the entire money invested in the property. It shall be executed from the date of expiry of thirty-six months from the handing of the respective possession. The amount will be in addition to the money credited to the developer at the rate of five rupees per square feet every month. The court also stated that the developers must pay the amount within one month of the judgment.

Delayed possession can impose extreme and harsh cases on the promoters and builders. It can also lead to imprisonment and might ruin their life as a promoter. Therefore both the developer and client should abide by the terms of the agreement between them. They must follow the guidelines stated by RERA.

Things to do if someone living with you has COVID 19

 

Things to do if someone living with you has COVID 19

With the rapid growth of the virus, covid 19 has now become common in every house. Since the virus now has some symptoms, every person showing symptoms must be tested. They must be taken proper care of within the virus period so that it does not spread to others. But, the asymptomatic patients as well should be very cautious. However, there are some precautions that you can follow if someone who lives with you has tested positive for covid.

Isolate them in another separate room

The covid person must stay isolated in a single bedroom with the door closed. They must come out only in times of going to the bathroom. It would be better if the person remains isolated in a room with an attached bathroom. Make sure to keep the window open so that there is no contamination of the virus in the air. It will also prevent the spreading of the covid virus to other family members.

Help them hydrate and track their symptoms

Ensure that the covid infected person is drinking bottles of water and other clear liquids without alcohol. Ask them to check their body temperature about three to four times a day without going near them. If any symptoms occur, note them down and contact the doctor for patient safety.

Keep them entertained and comfortable

Ensure that the isolated person has proper pillows and blankets, books, magazines, television, or a computer. It will keep them engaged. Ensure that the house is quiet so that they can sleep peacefully without any disturbances.

Give them proper food maintaining safe distances

Use a separate cookie sheet or tray for the covid infected person so that they can be used to serve foods whenever needed. If they can get up from their bed, keep the served food or drinks outside the door, and walk away. Once they are done with their meals, ask them to keep the tray outside and close the door. Wear a proper mask and pick up the tray and wash it thoroughly after every use. Serve food in use and throw plates for the covid patients. It can be thrown away after every use.

Do not allow outsiders

If a person in your house has the covid, you should not have guests at your place or any people working inside your house. If some emergency is there, ask the outsider to do the work from outside of the house, maintaining a safe distance of six feet.

All these precautions mentioned above should be maintained with proper care so that the virus does not infect others living in the house. After all, safety is our priority. And with proper healthy food and a safe environment, it is highly possible to come out as a covid warrior!