Real Estate business in Tanzania

[DarProperty Tz]

Thank you for this informative article. Its not my intention to work as a Real estate agent but Real estate developer (meaning building, buying & selling and house flipping)

YOU should have these 10 habits.

Real estate has long been regarded as a sound investment. Wholesaling and property management of commercial and residential property are just a few of the ways investors can profit from real estate, but it takes a little savvy to become successful in this competitive arena. While certain universities do offer coursework and programs that specifically benefit real estate investors, such as the Johns Hopkins Carey Business School's Master of Science in Real Estate, a degree is not necessarily a prerequisite to profitable real estate investing. Whether an investor has a degree or not, there are certain characteristics that top real estate investors commonly possess. (From caves to condos, we look at how Homosapiens have hunted for homes over the years.


Successful real estate investors:

• Treat Investments as Businesses
  It is important for real estate investors to approach their real estate activities as a business in order to establish and achieve short- and long-term goals. A business plan allows real estate investors to not only identify objectives, but also determine a viable course of action towards their attainment. A business plan also allows investors to visualize the big picture, which helps maintain focus on the goals rather than on any minor setback. Real estate investing can be complicated and demanding, and a solid plan can keep investors organized and on task.
  
• Know Their Markets
  Effective real estate investors acquire an in-depth knowledge of their selected market(s). The more an investor understands a particular market, the more qualified he or she will be to make sound business decisions. Keeping abreast of current trends, including any changes in consumer spending habits, mortgage rates and the unemployment rate, to name a few, enables savvy real estate investors to acknowledge current conditions, and plan for the future. Being familiar with specific markets allows investors to predict when trends are going to change, creating potentially beneficial opportunities for the prepared investor.
  
• Maintain High Ethical Standards
  Realtors are bound to act according to a code of ethics and standards of practice policy, and real estate agents are held to each state's real estate commission rules and standards. Real estate investors, however, unless they are associated with membership-based organizations, are not usually required to maintain a particular degree of ethics in their business practices, as long as they operate within the boundaries of the law. Even though it would be easy to take advantage of this situation, most successful real estate investors, and especially those who remain in the business for the long haul, maintain high ethical standards. Since real estate investing involves actively working with people, an investor's reputation is likely to be far reaching. In the case of an investor lacking in ethics, the consequences can be damaging. Effective real estate investors know it is better to conduct fair business, rather than seeing what they can get away with.
  
• Develop a Focus or Niche
  Because there are so many ways to invest in real estate, it is important for investors to develop a focus in order to gain the depth of knowledge essential to becoming successful. This involves learning everything about a certain type of investment - whether it is wholesaling or commercial real estate - and becoming confident in that arena. Taking the time to develop this level of understanding is integral to the long-term success of the investor. Once a particular market is mastered, the investor can move on to additional areas using the same in-depth approach. Savvy investors know that it is better to do one thing well than five things poorly.
  
• Strive to be Good Customer Service Representatives
  Referrals generate a sizable portion of a real estate investor's business, so it is critical that investors treat others with respect. This includes business partners, associates, clients, renters and anyone with whom the investor has a business relationship. Effective real estate investors are good customer service representatives by paying attention to detail, listening and responding to complaints and concerns, and representing their business in a positive and professional manner.
  
• Stay Educated
  As with any business, it is imperative to stay up to date with the laws, regulations, terminology and trends that form the basis of the real estate investor's business. Keeping current does require additional work, but it can be viewed as an investment in the future of the business. Investors who fall behind risk not only losing momentum in their businesses, but also legal ramifications if laws are ignored or broken. When it pertains to the law, ignorance is no excuse. Successful real estate investors take the time and make the effort to stay educated, adapting to any regulatory changes or economic trends.
  
• Understand the Risks
  Those choosing to invest in the stock or futures markets are inundated with myriad warnings regarding the inherent risks involved in investing. Numerous agencies, such as the Commodity Futures Trading Commission, require disclaimers to warn potential market participants about the possibility of loss of capital. While much of this is legalese, it has made it clear to people that investing in the stock or futures markets is risky; meaning, one can lose a lot of money. Greenhorn real estate investors, however, are more likely to be saturated with advertisements claiming just the opposite - that it is easy to make money in real estate. Prudent real estate investors understand the risks associated with the business - not only in terms of real estate deals, but also the legal implications involved - and adjust their businesses to reduce any risks.
  
• Invest in a Reputable Accountant
  Taxes comprise a significant portion of a real estate investor's yearly expenses. Understanding current tax laws can be complicated and take time away from the business at hand. Sharp real estate investors retain the services of a qualified, reputable accountant to handle the business's books. The costs associated with the accountant can be negligible when compared to the savings a professional can bring to the business.
  
• Find Help When They Need It
  Real estate investing is complicated and requires a great deal of expertise to engage profitably in the business. Learning the business and the legal procedures is challenging to someone attempting to do things on their own. Effective real estate investors often attribute part of their success to others - whether a mentor, lawyer, accountant or supportive friend. Rather than risk time and money solving a difficult problem on their own, successful real estate investors know it is worth the additional costs (in terms of money and ego) to find help when they need it and embrace other peoples' expertise. (Don't let a slow real estate market drag you down - steer clear of these pitfalls.
  
• Build a Network
  A network can provide important support and create opportunities to a new or experienced real estate investor. This group of associates can be comprised of a well-chosen mentor, business partners, clients or a non-profit organization whose interest is in real estate. A network allows investors to challenge and support one another, and can aid significantly in advancing one's career through shared knowledge and new opportunities. Because much of real estate investing relies on experiential-based learning, rather than on reading a book, for instance, savvy real estate investors understand the importance of building a network.

Conclusion
Despite abundant advertisements claiming that real estate investing is an easy way to wealth, it is in fact a challenging business requiring expertise, planning and focus. In addition, because the business revolves around people, investors benefit in the long run by operating with integrity and by showing respect to associates and clients. Tough it may be relatively simple to enjoy short-lived profits, developing a viable real estate investing business that can last for the long-term requires additional skill and effort. Whether focusing on apartment buildings or commercial property, highly effective real estate investors share these 10 essential habits.


Visit us at Dar Property Home to learn more.

 

[neggirl]

Duniani real estate developers wengi ni watu wanaosafisha pesa chafu, Una mango wakuiibia serikali yetu kiasi gani?

kwa utafiti upi??
jifunze kuwa positive!
mleta mada inawezekana kabisa ni mipango tu na jitihada.

Naipenda sana hii biashara pia, na naamini siku moja nitafanikiwa. Binafsi nafikiri ni vyema kuanza kwa kununua maeneo katika sehemu mbalimbali.

 

[neggirl]

Real estate imgawanyika katika makundi tofauti kama ununuzi na uuzaji wa viwanja na mashamba (Land RE), uuzaji na ununuzi wa nyumba, ununuzi na ukarabati wa nyumba (house fliping and Rehab), Ujenzi, kupangisha nyumba (landlording), udalali wa nyumba na viwanja (RE Agents), etc.

Wazo lako la kununua na kuuza viwanja ni zuri sana na tayari hiyo ni Real estate b'ness. Hii ndio njia rahisi zaidi ya kukuza mtaji.

asante kwa mchanganuo mzuri.
Binafsi napenda zaidi part hii.. "Ujenzi, kupangisha nyumba (landlording)".

 

[OLESAIDIMU]

asante kwa mchanganuo mzuri.
Binafsi napenda zaidi part hii.. "Ujenzi, kupangisha nyumba (landlording)".

Very good, nafurahi kuona kina dada kama wewe ukifikiria mambo kama hii

 

[malenga wetu]

asante kwa mchanganuo mzuri.
Binafsi napenda zaidi part hii.. "Ujenzi, kupangisha nyumba (landlording)".

Landlording pia ni biashara nzuri coz ina consistency income and less headache. Cha msingi nikutengeneza team nzuri ikusaidie kwenye operations, especially during tenants screening.

Tenants screening is very very important, tumeona watu wanapangisha nyumba then baadae tenant anakataa kulipa rent, au analipa kwa kusuasua sana kiasi kwamba pesa anayokulipa huwezi kufanyia kitu cha maana, tenants wengine sio watunzaji wa nyumba, wengine ni walevi wakupindukia kiasi cha kuwakera tenants wengine.

Pamoja na changamoto zake still hii ni biashara nzuri.

 

[Bobby]

Karibuni mpande miti huku kwetu mpate mitaji, mnayotaka.

Wapi huko mkuu tuje kupanda hiyo miti?

 

[Eliphaz the Temanite]

Wadau,
Mimi bado ni mchanga au mgeni katika biashara ya real estate. Sasa hivi nipo katika sekta ya ajira serikalini, ila ningependa siku moja kuacha kazi za kuajiriwa na kujiairi mwenyewe. Niliamua kuingia kwenye Real Estate baada ya kuona atleast ina future na pia kitu ninachopenda kukifanya.

Nimewahi kutembelea site mbalimbali kujionea shughuli za ujenzi wa majumba hasa appartments, kwa kweli nimehamasika sana. Pamoja na kwamba biashara hii ni nzuri ila pia ina changamoto zake, ikiwa ni pamoja na utapeli katika ununuzi wa viwanja au nyumba.

Ningependa kupata ushauri wenu, hasa kutoka kwa wale uzoefu katika real estate, wa jinsi ya kuanza kufanya biashara hii na pia jinsi ya kufanikiwa. Michango yenu ni muhimu sana, nakaribisha kwa yeyote mwenye "success story" aweze kushare na sisi.

Asante.

Mabenki ya Kitz mkuu yanalala tu lakini hii ni avenue inayoweza kuwalipa sana bila jasho!!! Ukijenga ghorofa la vumba 100 kabla hata halijaisha utakuwa umepata wapangaji!!!
Tatizo mtaji, watu wanaviwanja lakini mtaji hawana, hapo ndio mabenki yanapoingia mabenki wapeni pesa wenye viwanja/wajengeeni wakianza kulipwa na tenants wao waanze kurudisha pesa ya mkopo 70%
Mathalani una vyumba 100, chumba kimoja ni sh 100000 kwa mwezi, unauwezo wa kulipa mil 84 kwa mwaka na unauwezo wa kurudisha mil 250,ndani ya miaka 3

 

[Bobby]

asante kwa mchanganuo mzuri.
Binafsi napenda zaidi part hii.. "Ujenzi, kupangisha nyumba (landlording)".

Kwako itakuwa landladying Neggirl. Umeniinspire sana bibie naona unaifuatilia kwa krb hii sector nyeti.

 

[neggirl]

Landlording pia ni biashara nzuri coz ina consistency income and less headache. Cha msingi nikutengeneza team nzuri ikusaidie kwenye operations, especially during tenants screening.

Tenants screening is very very important, tumeona watu wanapangisha nyumba then baadae tenant anakataa kulipa rent, au analipa kwa kusuasua sana kiasi kwamba pesa anayokulipa huwezi kufanyia kitu cha maana, tenants wengine sio watunzaji wa nyumba, wengine ni walevi wakupindukia kiasi cha kuwakera tenants wengine.

Pamoja na changamoto zake still hii ni biashara nzuri.

thax mkuu. Ni kweli but kila biashara ina changamoto zake ni kupambana nazo tu. To me nafikiri ufuatiliaji wa karibu na mikataba ya kueleweka itasaidia, changamoto kubwa ni hiyo ya uharibifu (kwenye red) but kutegemea na uharibifu kuna wakati itabidi mpangaji agharamie matengenezo lol.

malengo tuliyonayo ni kuwa na small apartments na walengwa ni vijana wanaoanza maisha, kundi hili wanakuwa na uhitaji sana wa nyumba, na kila apartment itakuwa inajitegemea ili kupunguza kero kulingana na tabia mbalimbali za wapangaji.

mkuu maswala ya kulipana si mnalipana before mtu hajakaa? na malipo ni lupsum

 

[neggirl]

Kwako itakuwa landladying Neggirl. Umeniinspire sana bibie naona unaifuatilia kwa krb hii sector nyeti.

asante Bobby .. Ni sekta inayolipa mkuu na uzuri wake thamani yake inapanda kila kukicha. Gharama za kodi au viwanja hata sikumoja hazishuki zinazidi kupanda.

by the way niliko bold ulimaanisha landlording right?

 

[OLESAIDIMU]

thax mkuu. Ni kweli but kila biashara ina changamoto zake ni kupambana nazo tu. To me nafikiri ufuatiliaji wa karibu na mikataba ya kueleweka itasaidia, changamoto kubwa ni hiyo ya uharibifu (kwenye red) but kutegemea na uharibifu kuna wakati itabidi mpangaji agharamie matengenezo lol.

malengo tuliyonayo ni kuwa na small apartments na walengwa ni vijana wanaoanza maisha, kundi hili wanakuwa na uhitaji sana wa nyumba, na kila apartment itakuwa inajitegemea ili kupunguza kero kulingana na tabia mbalimbali za wapangaji.

mkuu maswala ya kulipana si mnalipana before mtu hajakaa? na malipo ni lupsum

Mkataba wako ndio kila kitu

Weka wazi kila kitu including matengenezo ya mwenye nyumba versus ya mpangaji clearly

Malipo ni kabla na yanapitia bank wewe unakutana nao kwa mwanseheria wako wakiwa na deposit slips

A month before expiry of tenure mpangaji atoe nia ya kuendelea au kukatiza mkataba pale unapokomea!!!!!

Karibu huku

 

[Bobby]

asante Bobby .. Ni sekta inayolipa mkuu na uzuri wake thamani yake inapanda kila kukicha. Gharama za kodi au viwanja hata sikumoja hazishuki zinazidi kupanda.

by the way niliko bold ulimaanisha landlording right?

Yes Neggirl! Value ya real assets hasa kibongo bongo value siku zote inapanda tu haishuki. Challenge kama walivyosema wadau wengine ni kiwango cha capital kwamba ni kikubwa. Lakini ndio hivyo what matters ni namna ya kujipanga kukabiliana na hiyo changamoto.

Hapo ulipobold nilimaaanisha ulichosema. Ila wataalamu wa fasihi huenda wakatusaidia kidogo, kwamba kwakuwa landlord wa kike anaitwa landlady, je biashara ya landlording inayofanywa na mwanamke ni sawa kuiita landladying au bado its ok ukiita landlording even if player ni female?

 

[Bobby]

Mkataba wako ndio kila kitu

Weka wazi kila kitu including matengenezo ya mwenye nyumba versus ya mpangaji clearly

Malipo ni kabla na yanapitia bank wewe unakutana nao kwa mwanseheria wako wakiwa na deposit slips

A month before expiry of tenure mpangaji atoe nia ya kuendelea au kukatiza mkataba pale unapokomea!!!!!

Karibu huku

Mkuu Ole, unaonekana kama vile uko kwenye hili game tayari. Unakabiliana vp na issue ya vikwazo vya mabenki ya kibongo kufinance real estates?

 

[OLESAIDIMU]

Mkuu Ole, unaonekana kama vile uko kwenye hili game tayari. Unakabiliana vp na issue ya vikwazo vya mabenki ya kibongo kufinance real estates?

Mkuu Bobby m trying to kick hii mambo taratibu ila namshukuru muumba!!!

Bado sijaenda bank ila soon ntaanza kubisha hodi ila ninachojua so far thamani ya project ndio ina determine amount to be collected from the bank so nilishauriwa kuendeleza pale site ili wakija valuers pawe na thamani halafu ukishapata valuation report unakuwa na kigezo cha.kuombea hiyo amount mkuu!!!!!

Wadau wengine watachangia zaid pale nilipopungukiwa

 

[malenga wetu]

Mkuu Bobby m trying to kick hii mambo taratibu ila namshukuru muumba!!!

Bado sijaenda bank ila soon ntaanza kubisha hodi ila ninachojua so far thamani ya project ndio ina determine amount to be collected from the bank so nilishauriwa kuendeleza pale site ili wakija valuers pawe na thamani halafu ukishapata valuation report unakuwa na kigezo cha.kuombea hiyo amount mkuu!!!!!

Wadau wengine watachangia zaid pale nilipopungukiwa

please share with us if possible, ulianzaje? Unafanya mradi wa aina gani? Expected costs? Expected returns? Location?

 

[Bobby]

Mkuu Bobby m trying to kick hii mambo taratibu ila namshukuru muumba!!!

Bado sijaenda bank ila soon ntaanza kubisha hodi ila ninachojua so far thamani ya project ndio ina determine amount to be collected from the bank so nilishauriwa kuendeleza pale site ili wakija valuers pawe na thamani halafu ukishapata valuation report unakuwa na kigezo cha.kuombea hiyo amount mkuu!!!!!

Wadau wengine watachangia zaid pale nilipopungukiwa

Mkuu Ole thanks kwa majibu yako ambayo yanazidi kutufungua macho sisi wengine ambao tuko completely blind kwenye hilo eneo. Sina shaka kadri wengine wanavyozidi kuchangia ndivyo ambavyo wengi wetu tutakavyoendelea kunufaika. Tuko pamoja sana wakuu!

 

[Magazine Fire]

wadau hii mambo nzuri sana ila kwa sisi mwacheapotee ngoja tuanze na ununuzi wa viwanja na kuviuza nafikiri tutafika tu.

 

[CAPTAIN MORGANI]

Usitukatishe tamaa. Biashara yoyote huanza na WAZO kwanza MTAJI baadaye

 

[malenga wetu]

wakuu napenda kushare na nyie hii website, ina information nyingi sana kuhusu real estate. Kuna mengi tunaweza kujifunza humo. www.biggerpockets.com

 

[Kuku wa Kabanga]

Navyofahamu kwa hii biashara kutoka kwa pesa yako mwenyewe haiwezekani maana inahitaji mtaji mkubwa sana,ushauri wangu mimi tafuta mkopo benki,mkopo rahisi zaidi navyoona ni wa biashara,Anza biashara yako Hulu unaendelea na ajira,kama unamiliki ardhi au nyumba hakikisha imerasimishwa,omba mkopo wa biashara kupitia leseni ya biashara yako ukitumia hati ya nyumba au kiwanja kama dhamana,hiyo pesa ya mkopo Anza kujenga taratibu huku ile biashara yako ikilipa deni,Anza kidogokidogo utafika.