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Why Real Estate is The Safest Investment Option In Nigeria

It takes money to make money . Someone once told me to forget about building wealth if I wasn’t willing to take the risk of investing in long-term ventures. They are typically two types of investments: long-term investments and short-term investments. Each option comes with its benefits and the level of risk involved. Typically the economy you find yourself in determines the sort of business you should invest in. Nigeria, for instance, is an emerging, middle-income, mixed economy with rapidly expanding manufacturing, financial, service, communications, technology, entertainment and real-estate sectors. Although fairly stable, the Nigerian economy is immensely influenced by its political stability and transference of power. Each political tenor typically comes with new policies and in most cases hinders the furtherance of the past tenor’s developments. In a country that typically operates like this, investing in real estate is one of the few safe investment options that har...
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Which Of These Benefits Interests You?

We all, to some extent, recognize the potential financial rewards we could attain from real estate investing. It goes without saying that there are many benefits of investing in real estate that outweigh the costs, and you as a real estate investor could be earning a steady flow of income to secure financial freedom for the long haul. Whether you want to quit your mundane 9-5 job and become a full time real estate investor and/or save up for your retirement, you are on the right path to fulfill your financial goals sooner than you might think. It takes one rental property to establish your real estate business and get yourself a reliable source of constant rental income. This year definitely looks promising for investors, and your real estate investments will earn you high returns indeed. The real estate market and the housing conditions are in tip top shape and you can rest assured you will be making money if you invest in the right locations. It is a simple equation:...
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10 Rock-Solid Reasons Why You Should Be Investing In Land

I've said it before and I'll say it again, vacant land is one of the most overlooked and misunderstood real estate investments in the world. Whenever I tell people I specialize in buying and selling LAND, I get a lot of blank stares. There seems to be a widespread (and erroneous) assumption that vacant land is a “weak” or even pointless investment because Ø   It doesn't produce income. Ø   It just sits there and nothing happens Ø   It's flat out boring. It's an unfortunate misconception because the truth is – vacant land is capable of producing some serious cash flow and it's one of the best investments on earth because of its hands-off nature and versatility. The simplicity and stability that comes with owning the right piece of land, purchased at the right price, can far outweigh the myriad of problems that come with any other type of real estate. If you've overlooked raw land as a viable investment opportunity in the past, you need t...
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How to Determine the Highest and Best Use for Land

When it comes to land acquisition – one of the most important factors in getting this number reasonably accurate is to understand the “highest and best use” for a property. The question of a property's highest and best use is something all appraisers aim to address – and the issue is particularly relevant to appraisers and investors who are working with vacant land. When a vacant lot doesn't have any pre-existing improvements on it, there can be many potential uses for the property (depending on how the owner wants to use it, and what the local zoning regulations will allow), but even when there are several possibilities, there is only ONE highest and best use. Highest and best use is always the use that would produce the highest value for a property, regardless of its current use. The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the h...
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FIVE ESSENTIAL LESSONS ASPIRING REAL ESTATE INVESTORS SHOULD KNOW

I’ve learned some lessons that, had I incorporated them from day one, would have propelled me at least twice as far in my real estate investing business — and with greater ease, too. As an aspiring real estate investor, you may feel lacking in knowledge about building a successful business. It might seem like the days of managing employees, having a constant flow of deals and leads or even just having enough money to invest with are too far off to see. But every successful real estate investor was once where you are. The following lessons about maintaining effective business strategies, getting the most out of your deals, building a team, maintaining good relations with your money partners and much more that I wish I had known from day one. 1. Find the deal before anything else. Many people will teach you how to do deals, but very few people will teach you how to find deals. Finding deals should be the primary function of your business. It’s really what all of real ...
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Real Estate versus the Pain of Discipline and the Pain of Regret

It is often said, “A journey of a thousand miles begins with a single step” John Maxwell said, “Success is a journey” When you combine the two great quotes: The success journey begins with a first step. This first step is what most people are afraid of taking because this step is what separates abundance from failure. I know you would say it sounds cliché, but it is the truth. No one said the road would be smooth all the way. I write this because it was something I learnt over the years and it was not a smooth road for me then, I almost gave up. As a sales professional, you should understand that there are two kinds of pain in real estate:  The pain of discipline and the pain of regret. The pain of discipline involves lead generation, lead follow up and prospecting which actually seems really difficult for most of us, but when you try and take that step to actually follow up on the leads you generate, you definitely will get results. YES, you may experience potentia...
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Providing You With The Peace of Mind That You Deserve.

There are endless reasons to use a Realtor when buying or selling property, and I will touch base on a few. Each property is different - each property has advantages and each property has deficiencies. The selling of real estate can have many pitfalls to the unfamiliar person trying to do it themselves. It's encouraged to use a pro. A Realtor's background and training can help guide you through the twists and turns of the process. Using a Realtor with up-to-date experience offers many benefits that can help guide you through the complex rules, laws, costs, who is responsible for what , inspections, knowing the local markets, negotiating skills, advertising and deadlines. Our local market over the last two years has seen an increase in residential sales by almost 40 percent. That is significant compared to what has been reported around the country. If you choose to call a real estate professional, ask for a recommendation from a family or friend. Depending on your ne...
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