James Branca has been active in the real estate industry on Long Island, specifically in the Hamptons, since 1995, during which time he has completed more than two dozen home projects.
There are a number of different ways that investors can make money in real estate. One way is through real estate related income. This refers to profits generated by real estate specialists, such as brokers, who make money through commissions they earn by buying and selling property. It also includes real estate management companies, who make a percentage off of rents in exchange for managing the day to da operations of a particular property or string of properties. A hotel management company, for example, might keep five percent of a hotel’s sales in exchange for such daily operations as maid service, running the front desk, and take care of the hotel grounds.
Another way to make money through real estate is ancillary real estate investment income. This can be a tremendous source of profit for some investors. Ancillary real estate investment income includes such things as the vending machines found in most hotels and motels, or laundry facilities in apartment complexes. They are similar to a supplier industry within an industry; a situation where they can make money from a group of customers who may have a limited number of other options.
James Branca got into the real estate business in New York City in 1988, when he designed, developed and renovated a series of projects there. He is a 1985 graduate of Hunter College.
