What is real estate? | How to enter Real Estate from Zero Investment?

We must have overheard a story in our immediate neighborhood that

this guy was different back then He made such good progress in a short period of time.

Now, he has built a house and also owns the car. There are many stories of people who have made great progress in a short time.

Have you ever wondered what business they did?

There is hardly any business in Nepal that has made people successful by providing them with a strong income and quick wealth generation.

And the name of that business is Real Estate
Most of us think that it requires a lot of money.

The cost of real estate in Kathmandu has increased recently. Lots of people are involved in it.

"We aren't able to do it now."
"We don't have any knowledge regarding it"
"We don't have enough money either."

Many people may think that.

So,
This article is intended for students and those who are just starting their career. Although we don't even have an investment,

How do we get into this real estate business?

What are the options available?

Yes, Lands is extremely expensive nowadays.

So, in this case, as a student, we are developing our careers and We have to earn our livelihood.

And in that case, how can we move forward?

we are discussing about most of the information about Nepal's real estate which is useful for students and people who are just starting a career.

By targeting those people, we have brought this video because This is one of the biggest parts of financial literacy and the biggest opportunity to generate wealth.

None of other business will give you double or triple amount of your money instantly, it takes lot of time but in the world of real estate,

patience is a virtue by which you can earn five times or more amount of your investment.

So, get right into the video: Real Estate in Nepal If you say "What is real estate? " Then Word, Real Estate:

Which is real and physical (can be touched) and always at a same place.

Money, it's also a wealth, isn't it? But the money could be transferred or carried.

Every aspect of this real estate is based on land. So, land, or any activities on land that add value to it.

Conclusively, those can all be called real estate.
For example, Land business: real estate Buildings to be constructed on land, also known as real estate.

Renting or leasing such buildings is also real estate Selling the entire building is also a real estate. isn't it?

So, whatever business that you are doing, which is physical and related with land, it all comes under Real Estate.

So, this business is the most prosperous business in the world
And the chances of loss in it are very less because we can't generate lands.

It's not infinite, it is finite cause we can't create lands but human population increases gradually.

So, as the population increases, real estate will always in demand due necessity for both houses and workplaces.

The majority of millionaires in the world are created in this industry.
Therefore, if you examine the portfolio or investments of any millionaire or billionaire.

Without a doubt, you will see real estate, Because of it, most of the people become millionaires or billionaires overnight.
We observe,

The top ten richest persons are constantly in flux. It is based on valuation.

Most of the things used to determine valuation are:

Real estate properties and stocks.

Real estate always accounts for the most of people's wealth, despite fluctuating stock prices.

Real estate and business ways in other countries and Nepal differs slightly.

Some foreign governments have governing bodies.

Nothing of the sort has yet been established in Nepal.

Hopefully, This budget stated that

You must work as a legally licensed agent if you wish to work in real estate.

You must have an office. You must be registered. Until now, anyone could do this.

So, the regulating body, for example "SEBON" is responsible for overseeing the stock market.

In a same way, banks have Nepal Rastra Bank.
But a real estate regulatory body doesn't exist.
But in other nations, this tendency is well-organized.
Behind it, the majority of people's lucrative job is in real estate.

And, a lot of Nepali who reside abroad make a good income working in real estate. In the scenario of Nepal, practically till today,
real sate means, in simpler terms, this is also brokerage.

Many people here may call it a commission or brokerage Language variations may occur.

But they are called:

Dalals (Brokers),

Real Estate agents,

Commissioner,

or Realtors

Although each of these languages is different, they all work on commission. which is also called brokerage, trading in real estate.
Builders and dealers are different in other nations.

Dealers buy apartments or spaces from builders and sell them separately.

There are no exclusivity contracts here.
Here are a few prominent developers who sell themselves.

If not, there are many freelancers. Registrations of real estate companies are also increasing here.

Now I see that real estate is being traded in an organized way.
So, people who work in real estate can earn more through brokerage, i.e., commission.

Generally, the trending commission in the market is
3 to 5% which is paid by the seller.

The renter or seller who is trying to sell or rent
pays the people who help for selling a commission,
is called brokerage.

And they are appropriately referred to as real estate agents. The degree required for real estate,

There are neither any real estate specific courses nor bachelor's, master's, or diploma courses for real estate.

So, anyone can be involved here. Its free right now. Free means, anyone can be involved here. 

It's a very wonderful opportunity for students who are trying to get into real estate because,

After college, it's a very good opportunity that all you have to do is Go to any real estate company that is registered and, work as a volunteer or as an intern to learn the job.

The concept of a course doesn't exist there.

However, in Nepali society, real estate languages are used. In the share market, there's their own language.

Different words like circuit, bear and bull markets are used there.
Similarly, here In the real estate also, people have their own language.

There are terms like Kitta Kaat (Land division). Lands are measured in Aana, Ropani, Kattha, Dhur that varies accorroding to places
You have to learn all about these.

In fact,
You should actually visit the Maalpot Karyalaya (Land Revenue Offices) to know what the processes are.

This is practical education rather than theoretical. And in the case of Nepal, 

I think two or three companies sometimes take three-day or five-day workshops for the training of real estate.

If you knew or heard about those courses or training, then it would be best if you did it.

I think Brihat investment or Brihat properties also organizes it time to time.

If else, If you visit any real estate company's office as an intern or to learn jobs and if you work there for one year or one and a half years then Compared to people who have completed an MBA, 

you can earn more money or commissions because it generates wealth.

Sometimes, is that it takes a while to sell lands or houses
If you want to start then,

As a student, if you are starting, then you start from a rental Someone may requires a space in a rent and someone may require tenant to take space in rent.

So, if you acted as a medium between those two people then
It's the easiest way to start a real estate business in Nepal.

Once you were a successful real estate agent, you could do whatever you wanted.

But when you are starting then start with rentals or lease,
because this is very easy.

The amount of time is limited if someone wants a house or an office in rent.

He / She should be able to find it within a month or month and a half.

So, you can generate a lead as the closing time is very short.
However, selling a house or piece of land can occasionally take years, six months, seven months, or even eight months because
individuals look till they are satisfied.

Yes,
when you sell houses or lands , you get a large amount of brokerage
While renting costs between 40,000 and 50,000 a monthly feei genuinely.

But if you have bargaining skills, you can take service charge from tenant, or you can collect one month's rent from the lessor.

This is generally the current trend in the Nepali market. So how do you generate leads?

How can we know it?

In context of Nepal, its simple to understand because our custom of writing "To-Let"

You don't have to go all the way then. Select just two or focus on just one area Look for "To-let" signs after while a short stroll there.

While it can be challenging to determine owners of property outside,
It is simple in Nepal.

By dialing the number, written in "to-let" boards, you can directly contact the owner.

Else if,
If you ask locals or the nearest paan (betel) shop or grocery store,
you will know exactly where it is vacant.

So, after knowing there, you can call owner and say,
"According to our agreement, I will recommend you tenant."

That's how, you can generate leads and from there, if you follow up and serve people, you can lease or rent them in an organized way.

That's the first commission you are going to earn the next way,
In this generation of social medias,

You can get the most leads from hamrobazar.com too.
Additionally,

You also have a phone that is equipped with high-quality cameras.
By traveling there and producing amusing videos of those properties
with the owner's permission, and by adding Facebook to your circle,

you may sell these properties as quickly as possible in terms of sales or in terms of lease or rent.

then,

That's how you can generate your side income. After college, you can do this if you're studying.

If you are employed now, you can work for yourself as a freelancer.
And the other way to get into real estate is that,

Some family members we know have left the country without selling all of their property in Nepal.

It may be locked or rented. In this period of digitalization,
another opportunity we see is that you may have heard the name Airbnb.

Similarly, many people in my circle have taken three or four properties, three apartments or houses, and transformed them into something resembling a hotel or a rentable space and listed them in Airbnb.

They are earning well from this too You can take it between Rs.25,000 and Rs. 40,000 per month and provide it range of 3 thousand to 4 thousand rupees per day on Airbnb.

Let's say, if it is vacant for ten days than Twenty days' money will cover your rent.

So, this will be a very good opportunity if you rent flats or houses from your friends and relatives.

Basic commodities which are required for people from outside or people staying in hotels. They need towels, toiletries, changed bed sheets, and sanitation.

Even, most of the people cook themselves nowadays If there is some equipment, you can plan accordingly.

So, through Airbnb,
You can earn a good income by managing the property you didn't buy in your own way.

It's a property management which also comes under real estate
By doing it, you can earn your good income and another suggestion,
as a student or just a working professional,

If you have cracked this big real estate deal within 6 months to 8 months.

Don't spend the money that comes from brokerage. First, you deposit FD (Fixed Deposit) and then spend the amount from FD (Fixed Deposit) because it also protects your investment.

So, it is like personal finance advice. It is easier to say but it takes time and effort.

Getting into real estate is easy, but you have to have communication skills.
You must maintain a tidy appearance.
You need to be convincing.
You must have confidence.
Your speech ought to be excellent.

So, these are things that those with good personal skills can do to advance in real estate as quickly as feasible.

If you had to leave Nepal tomorrow, you would need these skills
The most lucrative occupations are offered or available in this industry globally.

People love to be in real state,
You won't need to do any job if you become a successful real estate agent.

If no deals are made for a year, but you sell a nice property at the end of the year.

One year's amount of money can be earned all at once
So, It's a wonderful thing that any job security or another business field can't offer.

So, why not?
Try it once you know if you are made for real estate. It doesn't cost you much.

You can make it your business with zero investment.
You can go for training at no cost and.

If the training was effective, you could create leads and effectively close them.

You can earn your salary. Additionally, and if you are able to negotiate your commission when you are at your office you will have a good income.

 
You can build a good property or a house by yourself by gradually adding same income.

That's how you get in deep of real estate world.
If you want to succeed in real estate, you need to have a great circle and a network.

 
You need to have a good PR (Personal Relations)
You should speak nicely and have convincing power

 
It all comes under personal skills and by developing it,
You can also do your own real estate works after working with good real estate company.

The reason behind posting this video now is, Nepal's real estate market is now through major change.

The budget also addressed the real estate. Only transactions from registered entities will now be permitted.

Side-by-side

Nepalis residing abroad can now purchase 20% of apartments,
There are regulations stating that 20 out of hundred apartments could be sold to Nepalis residing abroad.

So, it is a very good time if you are serious about real estate.

Following this career path as a student will take you into a very nice environment where you can grow yourself, side-by-side, increase your bank balance, and build your wealth.

Most of the people in world or even people I know in Nepal do that,
when share market is bullish, they take all the money out of real estate and invest it in the share market and when share market go bearish,

they take all the money out of share market and invest it in the real estate mainly because real estate values rarely decrease.

Very little chance exists for the value of land to decline.
Apartment prices may fluctuate but, value of land to doesn't decrease.

Real estate is surfacely discussed here. And this real estate video is made simply targeting youngsters.

Most people who construct and sell homes do so by purchasing and swapping land.

They are at the next level.

So far today, only basic things have been discussed about it.

There are so many opportunities in Nepal
As a saying, "Where there is a will, there is a way"
If you really want your wealth to grow,
I think now is the right time in Nepal. to be an entrepreneur or a business person
Real estate may be one of the sectors where you can find opportunity