Property Business Ideas In Bronx
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Commercial real estate is expected to maintain its status as one of the most profitable types of real estate investments in 2025. Industrial properties are poised for exceptional growth, while well-located office spaces and experiential retail centers remain strong performers.
Specializing in specific property types or client demographics can enable agents to tap into lucrative market segments. For example, luxury home and commercial real estate sales tend to net more significant individual commissions per more valuable properties transacted.
Depending on the type of real estate brokerage you want to start, you're looking at startup costs of at least $10,000. And that's if you're bootstrapping it and jumping in with the bare essentials.
Working as a real estate agent is the ultimate flexible career. It's also one that can easily be done, in part, from home. This has been the case for years, even before the COVID era and the steep increase in the number of Americans working from home.
In the great majority of municipalities, however, residential zoning laws allow small, non-polluting home businesses to operate, as long as any home containing such a business is used primarily as a residence and the business activities don't negatively affect neighbors.
Legally Operating a Home Business Operating a business from home may be legal. Generally, your home occupation (defined by Zoning Resolution §12-10) cannot occupy more than 25% of the residence – up to 500 square feet – and no employees may work on-site.
Unless you prefer to use your home address as the public address for your business, it is best to obtain a separate address for your business. While some owners prefer the convenience of a P.O. Box, those looking for a more sophisticated impression may obtain a virtual address.
Yes, but limitations apply. Section 12-10 of the Zoning Resolution defines “home occupations” and limits them to 25% of the size of home, or 500 square feet, whichever is less. Home-based businesses may only sell goods produced on site, and must not impact the character of the residential area.
In New York, Section 131 of the Economic Development Law defines a small business as one that has fewer than 100 employees and is independently owned and operated.
Planning for such a career and establishing your real estate business means understanding some key factors shaping your company's success. Choose the Right Business Structure. Obtain a Real Estate License. Know the Regulations. Develop Your Client Base. Understand the Finances of Real Estate. Plan for Income Variability.
