JUNAID VIRANI EXPLAINS WHAT NOT TO DO WHILE INVESTING IN REAL ESTATE
Junaid Virani - CFO, Investments Co-Founder of Siasim Investments Group and is known as a popular entrepreneur. He has always focused on portfolio diversification as well as real estate investments. Along with his elder brother Rohil Virani, he came to America with absolutely nothing but grew his business over the last 20 years. In fact, he has brokered all the commercial real estate transactions that are based in several vertical markets that includes hospitality projects, convenience stores, gas stations, as well as land parcels.
His longstanding good reputation in the industry, strengths, and leadership abilities are what has made Siasim Investments yet another successful company that Junaid and his brother Rohil Virani have built together with their steel-grade brotherly bond. You can check out the Junaid Virani- Things To Know Before Investing In Commercial Real Estate .
1. Failing to make a plan And the last thing that you want to do is to get a house and then you don’t know what to do with the same. When you see hot market, then you might not be able to resist buying frenzy. Before you get invest in you need to ensure you have the proper plan. In case, you are confused you can contact Junaid Virani for further help.
2. Skimping on Research While you think of investing in real estate, you should do proper research. Here are a few questions that you must ask your investors before you invest in properties: . Is the property near a commercial site, or will long-term construction be occurring soon? . How much did the previous owners pay for the home and when? . Does the house have a foundation or permit “issues” that to be addressed?
will need
. If you are moving into a new town, are there any problem areas in town? . Is the property located in a flood zone or in a problematic area, such as ones known for radon or termite problems?
3. Doing Everything on Your Own There are several investors who think it is better to do everything on their own. However, it is essential to get in touch with an investing firm who would suggest you the best solution when it comes to real estate investing. There should be experts who would help you in making the right purchase. They must be able to alert you about any flaws in the home or in neighborhood.
4. Getting Poor Financing You might find some exotic mortgage options. But the sole purpose is to let the buyers get into certain houses which they might not be able to afford in a conventional 30 year agreement. You need to ensure that you are having that financial flexibility to make the payments. Getting poor financing will land you up in certain big problems.
Furthermore, to gain more knowledge, you can read Real Estate Agent - How To Invest In A Gas Station By Junaid V irani ? SOURCE CREDIT: https://junaidvirani1.tumblr.com/post/669269723244068864/juna id-virani-explains-what-not-to-do-while
THANK YOU FOR WATCHING