Before you shed any penny in real estate business in Nigeria, i advice you read this article and flow the steps outlined.

Step 1: Sketch a financial goal
How can you know if you are actually making profit if you don’t know how much you are supposed to make.

You don’t know the actual amount you plan to make for each real estate deals.

You can’t, until you deliberately sketch a financial goal.

For instance you choose a real estate vehicle of buying and selling of properties, You start by buying a property for 10 million Naira and plan to make 5 million Naira out of this investment.

If the property appreciate every year by 1 million Naira that means you have to wait for five years to a achieve your financial goal.

But if you don’t have a financial goal in place to give you an oversight of the investment, then you might not be able to wait for five years to actualize your full gain. Maybe by the time you see that the property has appreciated by 2 million you will cash out, thinking that that is all there is in the investment.

Now do you see the picture.

Step 2: Plan
If you fail to plan then you are planning to fail. There is no two ways about it.

Practically every ventures you want to embark on require a detail planning from you.



It’s the plan that will give you guide lines on your next move. It’s the plan that will tell you when to buy or when to sell, where to go or where not to go.

It the plan that will let you know if the property will appreciate or not.

Everything is in the plan.

If you want to quit out of frustration from stubborn tenant or buyers it’s the plan that will give you hope to continue, because you know where you are going, because you are like a god on mountain Olympus you can see everything…the beginning and the end.

The plan gives you an oversight over everything, so before anything happens you already know the out come. So that way, nothing can shake you.

There is no shortcut. If you are looking for one, please take your hard earned money and try other investment vehicle, because if you try to execute your shortcut formula here, then you will loose all of it and probably return to your village broke.

It’s your plan that will let you know:

How long you will be in the investment?
How much do you plan to make?
How many team player do you require?
What agent to use?
What kind of real estate investment do you plan to go into?
How much will you shed for it?
When are you going to be out of the investment?
What are the obstacles?
What government policies will affect your choice of investment?
What is the history of those that have been in the investment before you?
Without a well detailed plan you cannot know the answer to all these vital questions and if you can’t get the answers right then you are in for failure.

It’s even better you throw your money to some of these beggars you will find lying around on the street of Lagos. Instead of going into investment without a plan, because the beggars wont give you unnecessary headache and make you want to commit suicide.

Step 3: Know the location
Nigeria real estate is booming! That is the noise that has filled your head so you ignore the location of the real estate. You just go ahead and buy. And commence business and hope to God that the property appreciate withing the shortest period of time.

Or you just pray to God that omo onile or area boys don’t burst your way requesting for their right. Or beating up every labourers and engineers working in your site.

It’s makes no sense at all! that’s why planning is very essential in this kind of business.

In your plan you should be able to know the location you plan to cover. you should know whether the location will give you head ache or not.

You should know if it’s a swampy area, how is the place when it rain. What people are saying about the location, what your consultant is saying about the location.

Knowing your location in this kind of business is very important otherwise you will be out of businesses and probably out of cash too before you know it.

Step 4: Get a real estate consultant
You can’t skip any of the 8 steps listed including this one.

Every step is important. You need a real estate consultant to guide you on the right property investment. a real estate consultant, a good one though will correctly evaluate the value of any property you have interest in and will advice you on which place to invest in.

They know the rules of real estate in their designated locations and will help you not fall in odds with the government or do anything illegally.

You look for a good real estate agent and pay him well. Then you are on your part to success in the real estate business in Nigeria.

Read step 5, 6, 7, 8, and one extra step here >>> http://www.godofnews.com/how-to-invest-in-real-estate-in-nigeria/