#1. Real Estate makes you rich overnight

_______________________________________No investment in real estate can make you rich overnight. Knowledge and patience pays in real estate market!

#2. It is best to go for Seller Financing

_______________________________________There is no such rule. The present market is flooded with an array of financial lenders each having its own pros and cons. A careful comparison leads to the selection of the best.

#3. Location is all that matters

_______________________________________Good location is ideal though less desirable locations also end up yielding more profit. The size & amenities with the property goes a long way in determining its value.

#4. Independent builder floors reap same profits as luxury apartments

______________________________________Independent builder floors come at low costs. However, the advantages associated with reputed ultra luxury apartments have much higher valuation.

#5. You need to be exceptionally rich

______________________________________It is not always mandatory to be extra ordinarily wealthy to invest in a luxury home. With an initial down payment, you can book a home provided you have a good loan repayment record as per the bankers.

#6. Never go for a property that has a foundation issue

______________________________________Two things to focus in such a case are the net discount and the cost to repair. If the former exceeds the latter significantly, go for it.

#7. Real estate no longer holds growth prospect due to the 2008 financial

breakdown

______________________________________Every business passes through different cycles. However, factors like thorough homework, acquirement of good property at justified price and proper maintenance over time, contribute in yielding solid ROI.

#8. Agents acquire the cream of the properties

______________________________________This is a completely wrong conception. Majority of the real estate agents are neither that rich nor so smart to invest in multiple properties that too all at a time!

#9. Tenant’s background does not matter

______________________________________It is important to check the records of your to be tenant. One with good education, family background and stable income group is more reliable.

#10. What’s in a Name

______________________________________It always pays to invest on a reputed builder. Having a name in the market appreciate faster and that too by a significant rate.

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