Real estate industry - how to survive?
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?