If you are looking to invest your money in real estate, you might want to consider going into the apartment complex business as there is a lot of money to be earned from a business of this sort. The reason is that you will need a very small piece of land to build an apartment complex and you will be able to build many homes on this small piece of land and thereby earn a lot of money as opposed to building one house where you will receive rent just once.
Finding the right people to work on your apartment complex
With any building project the key to a successful project is to have the right people working on it. You will need to have builders, contractors, welding companies and various other workers working on your apartment complex simultaneously and you will need to make sure that each of these people are well recommended and come with very good reviews from people that they have worked for previously. It is always recommended that you choose a well-known company to work on your project for you even though this is likely to cost you a lot more money because choosing a company can guarantee quality and you can hold a company accountable for any problems that may take place where as an individual could simply take your money, ruin your project and walk away never to be seen again.
You will also need to have a trusted supplier for building materials, building tools, building equipment and useful lifting equipment. It is vital that you go by yourself to look for a company to do this for you because many builders tend to have the company that they choose charge extra money so that the extra money can go directly to the builder as a commission. This is common practice in the building industry and usually considered normal when indeed it is not ethical at all as they are already being paid for the work that they are doing.It is a good idea that you start advertising your apartments well ahead of time so that you will already have your tenants by the time the apartment complex is built. You can even have them register and sign their contract before the project is built so that you will have some money to gamble with during your building project in case you run out of money at any point however, when doing this, you have to be very sure of what you are doing so as to avoid cheating anyone.