Business Opportunities - Real Estate Investing
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Real Estate Investing has grown up as one of the major businesses in the recent past. It has taken off because of good profit margins and is seen as a quick way of getting rich. It has several distinct business fields and within each field, they may specialize in different real estate such as residential or commercial purposes. Some of the distinct fields in real business are Appraisal that links to professional valuation services, Development that uses land to add or replace buildings, Management they do the task of managing property for an owner, Relocation services helps in relocating people or businesses to different locations.
By definition, real estate means land along with anything permanently affixed to the land, such as buildings. Therefore, real estate refers to the land and fixtures whereas real property refers to ownership rights over the real estate. Off lately buying and selling activities has increased manifold and this has lead to increase in mortgage frauds too. The two types of mortgage funds are fraud to get a property, fraud to make a profit. Each year fraudulent schemes are floated that trap individuals with low incomes into buying a home that they later found difficult to repay. Mortgagors also provide the loan seekers with inflated mortgages and trap honest investors into wrong deals.
The record of Internal Revenue Service says that fraud investigations increased from 107 during the 2001 Federal Fiscal Year to 215 during FY 2003, which ended Sept. 30. It got doubled just in the period of two years. Many times exaggerated appraisals are done to make money in the hands of brokers and sellers. Other fraudulent schemes are like flipping property, fraudulent qualifications, and two sets of settlement statements. Money laundering is the other way adopted in real estate investing to make illegally earned money legitimate.
Therefore, real estate investing is a good way to make quick bucks but before buying anything, you need to ensure that prices are not inflated.
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