Its actually a great/cool investment, but how great it will be in Nigeria, I don't know. Anyone with the idea or whose business is house flipping should tell us how profitable it is (as some guys will want to start investing in it).

Note:House flipping as you may already know, is the practice of buying a piece of real estate at a discounted price, improving it in some way and then selling it for a financial gain.

Interesting subject.

Wow, i would like 2 learn more.

Location matters a lot.
There are those that buy, demolish completely and build something of greater value just because of it high brew class location.

question: Location matters a lot.
There are those that buy, demolish completely and build something of greater value just because of it high brew class location.

Tell me more about it

waiting to invest

Ok

momodub: waitin to invest

Me too I'm waiting to invest.

to the house flippers please consider me for renovation contract am very good at re modifying house architecture,painting interior decoration such as wardrobe,kitchen cabinet,bed,sofa and so

plzzzzzzzzzzzzzzzzzz,just give me a trial you will be surprised

Its for the high end people,and highly capital intensive.

Yomieluv: Its for the high end people,and highly capital intensive.

But the returns (you will get) will be worth it

Oh its a wonderful business. I know a woman in abuja who does that. In fact she's on the look out for houses every minute to buy. She bought one at sunnyvalle in abuja for 70 million, touched it up and sold for 160.

There's another one at area 11 that someone was at her place to market to her. Though she didn't see the woman that day.

am interested

Real Estate is a big business in Nigeria. I believe 'House Flipping' should be lucrative also.

Lemme watch nd learn from d guruz here . Ehe stufz like diz makez nairaland the best

following

I love real estate business

House flipping is a very lucrative business depending on how you want to go about it. Either long,meduim or short terms. There are thing you should know, nigerian economy is a capitalist based economy which increases on daily, weekly, monthly and yearly basis and houses are on the increase because of the huge influence of capitalist in the housing sector. Furthermore there are some location that you don't expect booming income immediately because you will get them at an affordable price and after some years the prices will escalate. For example land in arepo are of ogun state was sold for around 200k per lot in 2004, in 2008 its increased to 2million and now a plot is being sold for 10million. Depending on the way you are looking at it and the location which i will advice to diversify your market. And also you need a competent team to work for you. I am into research, if you need an assistance you can send me a mail. Pm me on nairaland.

Walahi my guy I dey interested... no doubt, this go be a very nice investment

val_dubem: Its actually a great/cool investment, but how great it will be in Nigeria, I don't know. Anyone with the idea or whose business is house flipping should tell us how profitable it is (as some guys will want to start investing in it).

Note:House flipping as you may already know, is the practice of buying a piece of real estate at a discounted price, improving it in some way and then selling it for a financial gain.

Bad idea, too many properties in the market without buyers. It is better to invest in a property long term like building a block of flats in the popular areas that most people want to live in like Yaba, Surulere, Anthony, Gbagada, Ilupeju and to lesser extent Palm Avenue, Isolo, Mafoluku, Onipanu etc.

You get decent rental income and if you can afford to build shops/warehouses on the ground floor, you diversify your revenue sources. It is all about proper structure and management.

Real estate business is big business anywhere, anytime. To succeed in it however, you require due diligence, knowledge and understanding of the local business and very large chunk of capital.
With these, you are good to go.

I have always been interested in real estate business but don't know how to carve a nitch for myself.Ant advice will be helpful thanks

everyday: I have always been interested in real estate business but don't know how to carve a nitch for myself.Ant advice will be helpful thanks

Hold-on to your money and only invest it when you understand the business and why you are entering it.

GraceBestowed: The general housing market in Nigeria is doing really well, especially with the fact that formally unknown areas are getting popular (for example, Gwarinpa (excuse my spelling if it's not correct) in Abuja never used to be as popular as it is now).

You're on to a winner if you conduct thorough research, and are physically there to oversee the whole project.

ofcus dats very true.