Becoming Certified

• The first step in starting real estate companies is to become a certified real estate agent. Depending on where you live, this will require a course, a fee and some formal training and testing. If you simply want to run the business and don't want to personally sell real estate, hiring certified real estate agents with experience, successful track records of sales and friendly personalities is key.
  
  

Knowing Your Market

• Starting real estate companies takes knowledge not only of a particular market but also of the financial climate in the particular region where you live. Although one might think that a recession is a bad time to start real estate companies, the opposite is true. Because of all the foreclosures, now is a great time to buy homes at a discount. Banks are trying to stay afloat and have many foreclosed homes for sale. Starting real estate companies that purchase cheap homes from banks and reselling them to those who are looking for first-time homes or homes with smaller mortgage payments is a win-win for all involved.
  
  

Funding and Selling

• Look into government grants and special stimulus packages related to the real estate market and loans. You may be able to qualify for funding aimed at stimulating the economy and housing market in your region. Learn all there is to know about mortgages, loans and special interest rates available to your customers. Offer the lowest commission rates and cost savings to homeowners. When starting real estate companies, the temptation may be to buy low and sell high, but when first starting out, the key to success will be to buy low and sell low, leaving only a small percentage of profit for yourself the first 6 months. Once you're established, increase your real estate fee.