What are the real estate investment methods?

There are various forms of real estate investment, and real estate development conducted by real estate development enterprises is the most familiar. Buying houses or office buildings for lease operation is also a quite common type of real estate investment. Entrusting funds to a trust and investment company to buy or develop real estate also belongs to real estate investment. The following are four real estate investment methods compiled by Zhishi Bian Xiao. I hope you like them!

Summary of real estate investment methods

Generally speaking, investors invest in real estate in two ways and four ways.

Two ways: capital construction and real estate development.

These four modes refer to: the basic construction mode in the basic construction mode; Buying a house, cooperative development and stock acquisition are the ways of real estate development. Of course, for real estate projects under construction with capital construction, we can also adopt the methods of purchase, cooperation or equity acquisition, but it is not typical to adopt these methods for real estate projects or buildings of this nature. If we do this, most of us will change the nature of these real estate projects or buildings, that is, turn to real estate development or make them enter the real estate market. Therefore, under the framework of current laws and regulations, there are generally four ways to invest in real estate.

Four ways of real estate investment

Capital construction The capital construction mentioned here refers to the construction of real estate projects for self-use by applying for construction in accordance with the capital construction procedures. Scheme evaluation: This construction method is the main way of real estate project construction before the marketization of real estate development. After the marketization of real estate development, national laws and local regulations have strict conditions for the development of real estate projects for capital construction. These conditions mainly include three aspects: First, restrictions on investors. Generally, it should be a state organ, institution or enterprise owned by the whole people; The second is the limitation of the nature and use of the project. Generally speaking, it should be a self-use and public welfare real estate project that does not enter the real estate market. Such as public utility projects invested by the state. And the housing construction projects of the above-mentioned organs and institutions that are purely for personal use and public welfare; Three, all localities stop handling the procedures for the transfer of state-owned land use rights agreement for operating projects (hereinafter referred to as? Stop the transfer of state-owned land use rights agreement? )。 Unless certain conditions are met or specially approved by the government, it is impossible to obtain the state-owned land use right of operating projects through agreement transfer.

The specific method of buying a building is: the investor inspects the qualification of a real estate developer, the legal status of the building developed by the real estate developer, and the geographical location and architectural style of the office building. If it is considered to be in line with the investor's intention, the investor will establish a legal relationship with the real estate developer to obtain all the rights of the building through the formalities of buying and selling commercial housing. Scheme evaluation: This method is the simplest. It is equivalent to a comprehensive investigation of the unsold real estate projects under construction in a specific area, and an analysis and demonstration from the legal, economic and technical aspects. On this basis, select the projects developed by powerful developers that meet the wishes of investors, and negotiate with them to reach a purchase contract. The shortcomings are: the project where the property to be purchased has passed the relevant legal procedures for examination and approval, and its planning, construction and other matters have been difficult to change. For the current situation of completed projects, we can only choose in the existing market, and we can't design and build the required buildings according to our own wishes. For unfinished real estate projects, there is a risk of pre-purchasing commercial housing.

The specific practice of cooperative development is: if the investor does not have the qualification of real estate development and related business scope, he will choose a real estate developer with corresponding qualification, strength and resources to cooperate. This kind of cooperation can be either the establishment of a joint venture or cooperative real estate development project company, or it can be agreed through a cooperation agreement. The partners with real estate development qualifications recover the initial investment and get the due profits, while the investors get all the property rights of the real estate project buildings jointly developed by both parties. Both sides have their own positions. Scheme evaluation: the essence of cooperative development is to buy the building of the joint development project. The main advantage of this way, which is different from building purchase, is that the controllability of investors has increased. Building and purchasing means buying finished products, and at most it is customization. In the cooperative development mode, investors directly enter the process of project development, and can control the cooperative real estate projects to varying degrees according to different cooperative development modes. Through cooperative development, investors can create the cost, design concept, construction style and architectural function of cooperative real estate projects according to their own wishes. Disadvantages are: cooperative development of real estate projects involves cooperation with each other, and the legal relationship and cooperation ratio are more complicated than buying a house. If cooperative development is carried out, investors will invest a lot of manpower, material resources and financial resources. In addition, there are two ways of cooperative development of real estate: cooperative development without a project company and cooperative development with a project company. If the latter cooperative development mode is adopted, it will be an obstacle to prevent the agreement on the transfer of state-owned land use rights.

The specific way to purchase equity is: the investor or the affiliated company of the investor fully purchases the equity of the existing or planned real estate company. By acquiring the equity of a real estate company, we can realize the right to possess, use, benefit and dispose of the real estate projects or buildings developed, constructed or owned by the company. Scheme evaluation: Compared with the first two methods, the biggest advantage of this method is that when investing in the equity of a real estate company, investors do not have to pay the taxes and fees for buying a house or buying a real estate because they purchase the real estate right directly or through cooperation. There are three disadvantages: first, investors have indirect real estate rights to buy equity; Second, the acquisition of a company's equity requires investors to join hands with another affiliated company, and the relationship between investors and affiliated companies will have a certain impact on the use and disposal of real estate indirectly purchased by investors; Thirdly, if we don't buy the existing real estate company's equity, but set up a project company to buy its equity, it will also constitute an obstacle to stop the agreement on the transfer of state-owned land use rights.