If you are working in an investment company, you must learn these six common mistakes in real-estate or property investment. When you are trying to do a deal, make sure to avoid committing these mistakes to prevent yourself from being in jail.
1. Getting a permit after starting to build a building. Most of the investors are building its venue first before applying for a permit. This is a clear violation of the law. Every investor and business owners are required to get a permit first before starting to build a building.
2. Securities and Exchange Commission law violation. SEC violation usually comes to you when you try to pull a Guaranteed Investment yield on real estate. And because the owners are trying to gain big profits using this, sometimes they end up going to jail.
3. Failure to have a survey before the purchase. You property must be settles in terms of property line before trying to build something on it. All the necessary issues that need attention must be fixed first before you try to do a business on the location.
4. Forgetting about the environmental hazards. Learn about the possible environmental hazards first before building a real-estate business on the location. This is a big risk to the people who will purchase a property on your business.
5. Leaning on someone to do your due diligence. It is your job to learn about the possible hazards of the location. When you send queries, do not place the responsibility to the recipient. It is your responsibility to learn about the location of your building.
6. Failure to learn about the present economic status. If you are planning to build a building in a particular location, you must learn the status of the people that surrounds it. Be able to know the number of people that are unemployed, the other properties on sale, and other relevant issues.
2. Securities and Exchange Commission law violation. SEC violation usually comes to you when you try to pull a Guaranteed Investment yield on real estate. And because the owners are trying to gain big profits using this, sometimes they end up going to jail.
3. Failure to have a survey before the purchase. You property must be settles in terms of property line before trying to build something on it. All the necessary issues that need attention must be fixed first before you try to do a business on the location.
4. Forgetting about the environmental hazards. Learn about the possible environmental hazards first before building a real-estate business on the location. This is a big risk to the people who will purchase a property on your business.
5. Leaning on someone to do your due diligence. It is your job to learn about the possible hazards of the location. When you send queries, do not place the responsibility to the recipient. It is your responsibility to learn about the location of your building.
6. Failure to learn about the present economic status. If you are planning to build a building in a particular location, you must learn the status of the people that surrounds it. Be able to know the number of people that are unemployed, the other properties on sale, and other relevant issues.
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