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4 Ways Of Earning Through Real Estate Investment In Nigeria by cbi24: 12:36pm On Feb 26, 2021 |
This is an excerpt of the article I sent out to When you decide to invest in real estate, there are 4 common ways that you can earn in Nigeria, and they include: 1️⃣ *THE INCOME FROM RENTAL PROPERTIES:* The rents tenants pay for the invested commercial or residential outlet would keep you on a steady passive income. 2️⃣ *REAL ESTATE INVESTMENT TRUSTS:* If you have limited funds and still want to invest in real estate, REITs would be the best option and you can earn from your invested units. 3️⃣ *PROPERTY VALUE APPRECIATION:* During inflation and recession, you can still find the cost of properties increasing. Thus, you earn without the need to feel worried.. 4️⃣ *BUILDING FLIPPING VS. RENTAL PROPERTY* Most investors in Nigeria seem to go for either house flipping or rental property. They are both great and offer excellent profits but as a new investor, it would help to note the difference between both to help you make a better decision. House flipping is a good real estate investment that requires active management, and it involves investing in properties and selling out without further developments. It involves lesser capital and allows great flexibility on the part of the investor. Although house flipping is a kind of real estate investment, you can picture it as one running a business. Hence, you get your money in huge sums and after you close the deal you are out there sourcing for more properties to purchase. On the other hand, rental properties may require some more capital, as you may tend to improve the property you purchase to suit the needs of your tenants, and once in a while, you have to do some maintenance. Your tenants would often pay rents in a monthly or yearly term (based on your agreement). So, which form of investment would be more suitable? Well, this solely depends on your needs and thoughts about the real estate sector. If you would be needing payments in huge sums and seek an investment that runs for the short term, you may want to consider house flipping. However, you may have to deal with the higher tax rates and always depend on what the market has to offer then. But, if you need a steady cash flow, face lesser inflation, and recession risks, and want an investment that would appreciate over a short while, you should consider rental property. The rental property might be an excellent option for you if you are not so concerned about the long term management plan. Nevertheless, you can still amass wealth through any of these options and face lesser volatility. *Bottom Line* These are few out of the many ways I know.. Let's talk My Name Is *DENNIS ISONG* : I'm The 1st Realtor You Should Called To Help You Get Property With High Return On Investment & The Last Person You'll Need��. For Questions Whatsapp/Call +2348164741041 Talk to you soon ©️ DennisIsong |
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