Don't buy real estate in Nigeria, its all scam!

You must have heard that a hundred times. You heard stories of victims, haven't you?

Buy this landed Property and get rich in your sleep! LIE!
Buy that house and secure your family's future! Another Lie!

Everything you've heard are all true!

Its all scam!

Scam
Scam
Scam

I should know, I sell real estate & properties!

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You don't "get rich" when you buy 1 plot of land. Seriously you deplete cash.
Land is just space if nothing is done on it. (We'll explain later)

When you buy land with 'nothing' on it, how do you get rich?

You sell it!

Is that so, then you don't have the land anymore!
Just a few extra cash... that's capital gain my friend
... not recurring income.

Let me illustrate with Cows

You want to start a cattle rearing business and become a rich herdsman.
You beg, borrow & saved enough to buy three cows! Yeap! Yippie!

You probably paid N800 for all three.
Immediately, you got a buyer that paid N1,500 for all three

Pop Quiz.
Are you now a rich herdsman?

Yes
No

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No. You only have cash. No cattle.

Great! No Cow No Business.

If you buy three cow, sell two (use the capital & profits to buy more cows)
And milk the third for cheese, yorgurt, butter & other diary produce. Then you are in business.

Same with real estate

Buy 1 plot at N1000 sell at N2000... that's capital gain.
Buy 5 plots at N5000 (get 1 free), when it appreciates
Sell a few, build on some for rental income.

Buy this landed Property and get rich in your sleep!

With the illustration above, you can see why that's a big fat lie!