David Gianulias is the CEO and President of G Companies, which is focused on real estate development, building, and portfolio management. He comes from a legacy of homebuilding. His grandfather, Charles Hester started his career as a homebuilder in Orange County, California in 1945. Charles Hester co-founded Standard Pacific Development, and built over 60,000 homes. David Gianulias’ father was also a home builder who began his career in 1965, Gianulias began his own career in 1994. He now involved in home building as well as real estate investment, which is a lucrative career for any driven individual.
Real estate investment may seem like a complicated and difficult industry. In some respects, it may be, however it is also a potentially lucrative career for those who are ambitious and dedicated to real estate. There are several different factions within real estate investment. This first, and perhaps the simplest faction, is owning rental properties. These investors purchase either single family homes, or apartment buildings and rent them out. This is a long term investment that offers you a monthly profit. In order to be successful with this style of real estate investment, there are a few key steps to follow. First, make sure that you purchase a property that is located in a sought after neighborhood. Second, before you purchase the property, make sure that you can ask for a rent that is higher than your mortgage payment. Finally, after you find tenants, draw up a contract that you can both agree on and abide by it.
The second style of real estate investment is purchasing homes and then reselling them. This is often referred to as flipping houses, and can be lucrative to real estate savvy people. This process involves purchasing a property that has either been foreclosed on, or is in a rundown state. The next step is to renovate the home in a way that will appeal to buyers. People who have a knowledge of real estate are particularly successful because they know the different neighborhoods of a city, and what features will attract buyers. This is a short term investment. Once you have renovated the property, you then sell it for a profit and move on to the next property.
The final style of real estate investment involves building from the ground up. This is usually only accomplished by professionals because it requires a great deal of money, paperwork, and skilled labor. These investors most likely have years of experience in the building industry and are able to navigate their way through contractors, permits, and legalities. These projects are usually taken on by large companies such as G Companies. David Gianulias, the President and CEO of G Companies, has years of experience in real estate investment and building homes in California.