* Mortgage loans from banks help in buying with or without personal investment. Every one of you, like I, must have thought real estate is where quick money is. And for the speculators, do not go for the forecasts.3. This will interest the buyer. This rarely does happen with real estate investors. A slight mistake in prediction or a change in the legislation concerning real estate property or tourism or industry sector has the potential to turn over the whole real estate economy on its head resulting in wiping out of your capital too. All is fine when market booms but tough gets the going when things go awry.* Whenever an agent sets out to work, he needs to plan it beforehand. Unlike in stock and shares investment arena, you don’t have enough instruments in real estate to spread your risks and investment. Holding even at the time of steep fall of the prices hoping for a come back would be a folly. You can take any type of building that is either constructed or manufactured a property; but an immovable property is always a constructed one that is permanently affixed to the land. Smooth flow of work is fast and traceable and this is possible only by planning. * Since an agent works for a broker, under whom, many other agents also work; he needs to know the whole setup of the business and how it is run. You not only get entangled in legal issues but face the threat of loosing the capital either entirely

These entries are from the public domain Dictionary of National Biography (1903). The original text is here. It is out of date and contains many OCR errors.

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