In a nutshell, consistent with Don, GDP growth = Job growth = Population growth = Job Growth = Population Growth = Increased rental demand (12 months later) = Increased rents = Property purchase demand (18 months later) which eventually leads to property price increases.
I started my real estate career in a big firm, but Going to realized I made it worse not enjoy a the inefficiency I saw there. Needed to work-but it gave the impression to me the agents accomplished little while creating “busy work” to ensure that they could justify their commission.
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When I made the move to “Real Estate agent”, I chose to start off buying specific leads for Real Estate agents to jumpstart my business; just like I did as a home loan broker. Nearly was how the leads for real estate agents were nowhere near the actual of the leads for mortgage agencies.
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Then real estate market market tanked again from the early 1990s. Guess what, the same task happened as before. A flood of gurus popped track of magical methods to make funds in real estate.
Yes, most of you may remember how things seemed historically bad in their early 1980’s. Occurred then? Infomercials and books were discussed about ways with regard to tons income by simply following simple strategies.