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Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. - Properties - Nairaland

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Reasons Why Investing In Real Estate Is Better Than Saving In The Bank / Few Reasons Investing In Real Estate Is Better Than Saving In Bank / Five Revealing Reasons Why Investing In Real Estate Is Better Than Saving In The (2) (3) (4)

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Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by Marcdon10(m): 6:47am On Nov 05, 2017
Dear Friend,

Some feel that saving money in the bank is a good strategy to building wealth. Though, it is very good to save, it is not a good wealth building strategy. The gains of real estate investment far outweigh that of saving in the bank for the following reasons:

1. *Currency always diminish in value while real estate appreciates:*

The purchasing power of money continually diminishes. The things One million naira could buy five years ago are not the same things it can buy today. However, real estate always appreciates. If you buy a plot of land in a good location, take effective possession and perfect necessary
documentation today, in five years’ time, you can sell it for up to 10× or more of the price you bought it.

2. *Return on savings is infinitesimal while returns on real estate investments are huge:*

When you save your money in the bank or do a fixed deposit, your returns on investment are usually single digit per annum. Conversely, based on the rate of development in the area you purchase your landed property or building, the return on investment are often huge. If you buy a house for example and let it out to tenants, between a decade to two, you will have recovered your investment and you will continue to make profit for the rest of your life.

3. *Your money in the bank simply makes the banker richer while your money in real estate makes you richer:*

If you save money in the bank, the money will be used by the bank to give
out loans and you will be paid an interest. The difference between the interest given by the customer who loans your money and the amount given to you is taken by the bank. Thus making the banker richer. On the other hand, when you invest in real estate, the difference between the price you bought the property and the price you are selling it is taken completely by you.
Thus making you richer.

4. *Expenses always arise to deplete your savings but your property is always there appreciating in value:*

When you have money saved in the bank, no matter how disciplined you are,
there will always be expenses that will arise to deplete the savings. When
you invest such funds into real estate, your cash is tied into an
investment that will be appreciating in value no matter how lose you are
with the remaining cash in your possession.

5. *None of the rich ascribe their success in gathering wealth to saving but most of them have impressive property portfolios (more than 90% of them):*

Of all the wealthy individuals in the world, I do not know of anyone whose wealth strategy was saving in the bank. However, a cursory look at the wealthiest individuals in the world, in Africa and even in Nigeria show that property investment is the preferred wealth building option.
Now you know, It's time to act
****

30 Likes 1 Share

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by phemzy200: 7:19am On Nov 05, 2017
Nice
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by davidflipcy5856(m): 7:19am On Nov 05, 2017
it's true. but how do I invest in real estate?

3 Likes

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by Funbii(f): 7:19am On Nov 05, 2017
Very true but sadly the fear of being duped won't make one want to invest in real estate tho cry cry

17 Likes 1 Share

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by Ghnaija(m): 7:20am On Nov 05, 2017
Cool

1 Like 1 Share

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by celestialAgent(m): 7:21am On Nov 05, 2017
Okay.
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by rawpadgin(m): 7:22am On Nov 05, 2017
Funbii:
Very true but sadly the [b][/b]fear [b][/b]of being duped won't be make one want to invest in real estate tho cry cry
fear........

One of the major tools the devil uses to hold people back

16 Likes 1 Share

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by Hofbrauhaus(m): 7:22am On Nov 05, 2017
grin sad angry
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by wickyyolo: 7:22am On Nov 05, 2017
Great write-up. As an investor the only money I transfer to my savings account is what I intend to spend for the Month.

My money is in one investment or another. F*ck the Banks

19 Likes 1 Share

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by ayoadekunle79(m): 7:23am On Nov 05, 2017
how can i start this estate stuff my bank are just chooping my money with #50 when ever i withdraw.

3 Likes

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by obisco4u: 7:24am On Nov 05, 2017
Please how can I invest in real estate? Is there a company I can invest and get returns. Am thinking of N100k
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by Cutehector(m): 7:25am On Nov 05, 2017
Oya real estate agents should mention me.. I am ready to invest ..
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by engrhorla(m): 7:30am On Nov 05, 2017
davidflipcy5856:
it's true. but how do I invest in real estate?

I can be of help.

I am a Real Estate Consultant with a reputable firm.

I can advice you based on your needs, your financial power & your aspirations

Whatsapp or call me on +2347031168455 for more information

1 Like

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by iamord(m): 7:32am On Nov 05, 2017
obisco4u:
Please how can I invest in real estate? Is there a company I can invest and get returns. Am thinking of N100k
with 100k u can start with a wooden koisk.. real estate no be Ponzi ;-)

15 Likes 2 Shares

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by akilo1: 7:32am On Nov 05, 2017
very true,I just bought a plot of land in warri worth 1.4m but if I decide to sell that land now for just a period of 2months since I bought it,I will sell it for 2.2m and customers are ready to cash it but I will build on it,saving money in the bank is like giving ypir money to those who want to be richer with yoir money,but the problem with real estate is the problem of been dupe by greedy nigerians

19 Likes 2 Shares

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by engrhorla(m): 7:34am On Nov 05, 2017
obisco4u:
Please how can I invest in real estate? Is there a company I can invest and get returns. Am thinking of N100k

Yes you can invest in real estate.

Do you know that in real estate, you buy and wait. You don't wait to buy!

I am a real estate consultant with a reputable firm.
And yes, you can invest with 100k. Call or whatsapp me on 07031168455

2 Likes

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by engrhorla(m): 7:38am On Nov 05, 2017
Cutehector:
Oya real estate agents should mention me.. I am ready to invest ..

Lol.

Oya I have mentioned you.

The fact is as it is stated up there.

Real estate bought in a good location and with a reputable firm is the way to go.

When you have the opportunity, buy into real estate.
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by younglawya(m): 7:38am On Nov 05, 2017
Always consult a property lawyer before concluding any real estate deal. I can be reached for any questions on 07037836881

3 Likes

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by Cutehector(m): 7:38am On Nov 05, 2017
engrhorla:


Lol.

Oya I have mentioned you.

The fact is as it is stated up there.

Real estate bought in a good location and with a reputable firm is the way to go.

When you have the opportunity, buy into real estate.
oya affiliate me with a reputable real estate firm
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by ibkgab001: 7:41am On Nov 05, 2017
Not in Okinni
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by engrhorla(m): 7:42am On Nov 05, 2017
Cutehector:
oya affiliate me with a reputable real estate firm

Call or whatsapp me sir.

I am a real estate consultant with a reputable firm that has serviced estates in Lagos, Ogun, Abuja & Ibadan.

Check my signature or better still, call or whatsapp me on +2347031168455
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by tayorh(m): 7:42am On Nov 05, 2017
Will definitely invest in REAL estate when i have the money..

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by SuperKlean(m): 7:43am On Nov 05, 2017
OP you're on point like hard ni.pples
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by RapportNaija(m): 7:46am On Nov 05, 2017
Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by bigcil2(m): 7:50am On Nov 05, 2017
obisco4u:
Please how can I invest in real estate? Is there a company I can invest and get returns. Am thinking of N100k

Contact me I maybe able to help. Feel free to check my handle and see what I do.

1 Like

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by yanshDoctor: 7:52am On Nov 05, 2017
real estate buildings if that what you mean. a building life span is not more than 200 years.

real estate is not a profit business driving venture to make profits but rather an asset.

also we need to save the Forrest and our planet. population growth and dualization of green tree to build estate is a big threats to human survivers. think about our oxygen and one of the reason the world needs to be depopulated to 1 billion people for another fresh a thousand years.

3 Likes

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by LeoT1: 7:52am On Nov 05, 2017
Good write up but the realities on ground are very different. I was an advocate of real estate and I have invested millions into property (houses, flats, lands, shops etc) over the last 5 years. I took time to do the maths recently and I realised that the opportunity cost clearly outweigh the ROI from these ventures. Here are the facts:
1. I had an opportunity to invest on treasury bills or by a shop in lekki for 5m . I opted for the later. The rental income was a paltry 250k per annum gross without discounting for maintenance cost and estate management agent cost. The asking price of the shop today is 6m. At treasury bills rate was 18% for 5 years. Do the maths.

I have other experiences that are less palatable than this. Rental income is normally between 5 to 7%. Normal property appreciation could even be lower. There are "trophy property " that could bring a lot of returns but they are one and far between. Go to the cemetery of lost investments from real estate, you may never touch it again from a dozen feet away. Remember only successful cases make the news. It's like a lottery.

18 Likes

Re: Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. by excell12go(m): 7:59am On Nov 05, 2017
HMMM

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