Making You Wealthy And Heathy

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...

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:...

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...

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...

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 ...

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...

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...

As I was thinking about different games I played with my family when I was a kid, I thought specifically about Monopoly. It’s funny, but I think that this old favorite board game can teach us a lot of lessons about investing in real estate, and especially about house flipping. INVEST EVERYTHING YOU CAN Want to win at a game of Monopoly? Buy all of the properties you can afford! That’s really true for real estate investing, too. If you fix and flip one property at a time, you can make decent money. But if you have multiple flips going on simultaneously, you can continuously bring in cash so that you can afford even more investments, with or without help from a hard money lender or investing partner. YOU HAVE A LOT OF OPTIONS TO WIN What’s your Monopoly strategy? Do you buy up the properties that people are most likely to land on when they get out of jail? Or do you go straight for Boardwalk or Park Place to get the highest rent? There’s no single way to win at Monopoly,...

We’ve analysed hundreds of off-plan property deals and come up with a list of the most important questions that first-time investors neglect to ask. Here are the seven key questions that you should ask when buying a property off-plan, and throughout the process of building your property portfolio. 1.      How much are the reservation fee and deposit? The reservation fee is the amount you pay to reserve your new build. This is between £500 and £2,000. The next payment you’ll make is the deposit: usually around 10% of the final price. 2.      How secure is my deposit? Your deposit will be paid to the developer's solicitor or a mandated authority, but they should hold it in a separate client account. Depending on the contract for sales and purchase the deposit may be releasable or be held with the solicitor. Generally, only the first 10% of the deposit is protected by schemes  It helps to protect you should anything go wron...

Real Estate Investment Options Explored There are many investment options available to those who are considering real estate as a thoughtful method of maintaining the longer term income and profits. And why on earth shouldn't you consider these options? This can be a lucrative proposition, that millionaires all over the world will agree, to create a massive fortune quickly. However, real estate investing could be a very risky venture therefore your necessity of having some more stable ways of bringing in money in order to establish a truly diverse portfolio plus a better security structure for your financial future is imperative. Even within the massive world of real estate investment you will be able to find different ways of investing and each one of them will bear different risks level. So let's explore some of them. Commercial Real Estate Investment: Commercial real estate investment is an effective place to begin due to the fact that it would be relatively se...

Real estate investment is a great opportunity to earn profits and generate a cash flow. There is a slight difference between real estate investment and other types of investment. Real estate investment can be categorized as a long-term investment or short-term investment. Good real estate investor has ability to invest in real estate at right time. Real estate investment requires proper knowledge and concentration to invest in good piece of land. Sometimes heavy investment gives wrong results in the future and sometimes with a small investment you can earn more. Investors should be alert at the time of investment in real estate. If you're going to rent your property you should have sufficient knowledge about tenant problems and requirements of tenants. You should be aware of all financial as well as legal requirements for your real estate. Investment goals are the primary factor for real estate investment. Decide your investment goals like what you want to do with your re...

If you missed out on land’s Investment in Ikoyi, Victoria Island, Lekki Phase 1, or Banana Island, I’m quite sure what will be on your mind right now is how to invest   in Ibeju Lekki before it becomes saturated. It’s a known fact that Ibeju-Lekki is where majority of Lagos and Nigeria investment funds are currently going. It’s termed the next Dubai of Africa because of the numerous government and private policies currently ongoing which will favour investment in that region. But, before you make your next land purchase, I have these important tips for you. ASK QUESTIONS There is nothing like dumb questions when it comes to land deals. If there is anything not clear to you during negotiation please ask questions. In real estate deals you don’t know what you don’t know. MAKE PROPER AND ADEQUATE SEARCH Before you invest into any land in Ibeju Lekki, be sure you have done every necessary search and that you are satisfied with the result. Don’t fall the v...

For many, thinking of investing in Real Estate is a fantasy. It could be that the capital required for such huge purchases are not readily available; or that upon raising the said capital, one cannot leave it all “tied up”. Below are some tips on making rental income from real estate investments: Buy Rental Properties There is no rule that says you have to live in a house because you own it, especially if you would make more money by letting or leasing the property. If you buy a house through a mortgage, your rental income on the property will help in offsetting your monthly payments. Buy, Renovate, Resell Dilapidated properties are more easily negotiated. If you get such at a price below regular market rates, you may consider renovating and reselling it at a profit. House-sharing So, you have a 5-bedroom duplex and you only make use of 2 rooms? Why not rent out the other rooms and make some extra income?

There are certain features to have in mind when acquiring lands or properties for investments. The Property's Neighbourhood : The neighbourhood will determine the quality of tenants and the rate of vacancies. If you invest in a rich neighborhood, your tenants will be probably be able to afford it and thus your rental income will be high. For instance,  If you buy a property near a university campus, then you are likely to attract students as tenants. The market capitalization of your property will also be determined by location. Employment Opportunities: Try investing in a residential property near an industrial town or a big a developing area ,bus systems and good transport are also important. If there is lots of accessible jobs that is a huge factor for you. Other Facilities: Are there malls ,parks, theaters, public transport and other amenities nearby?m If you invest in a property that is near all these facilities, it will be very hard not to get a return on investment....

The greatest asset you can ever own and possess which will continue to appreciate in value and sometimes you can leave for your children is properties. Real estate investment tops the league of investments that has been booming for a very long time irrespective of where you are on this planet earth.   Landed properties are asset that tends to increases in values in the shortest period of time. Let me take you by the hand to show you that the best decision you would ever take when buying a land is to buy one in an estate. Your Land Appreciate Faster in Value. Locations matters a lot in real estate investment. The present of many estates in a location is an indication that such location is prone to experience fast development.   As I have always said that when buying a land it is better to buy at location close to fringe of development as its helps in faster appreciation of your property. When making your next land purchase endeavour to buy in an es...