The real estate business is one of the most profitable industries around. However, it takes a lot skills and knowledge to be able to succeed. Some people get into the real estate business without really knowing anything about how the industry works and what is needed to be able to make good money out of their investment. Some think that all they need is the money to acquire a rundown house, fix it up a bit, and put it up in the market. More often than not, these people do not last long in the real estate business.