It is important to understand some facts before you engage in Real Estate business for commercial or private purposes.

This is a continuation from the previous thread:
https://www.nairaland.com/4624710/how-know-genuine-properties-sale

EXCISION
An Excision means basically taking a part from a whole and that part that has been
excised will be recorded and documented in the official government gazette of that
state. In other words, not having an excision means the land could be seized by the
Government anytime without compensating you even if you bought it “Legitimately”
from the Baale or the Original dwellers on the land.
GAZETTE
A Gazette is an Official record book where all special government details are spelt
out, detailed and recorded
A gazette will show the communities or villages that have been granted excision and
the number of acres or hectares of land that the government has given to them. It is
within those excised acres or hectares that the traditional family is entitled to sell its
lands to the public and not anything outside those hectares of land given or excised
to them.
A Gazette is a very powerful instrument the community owns and can replace a
Certificate of Occupancy to grant title to the Villagers. A community owning a
gazette can only sell lands to an individual within those lands that have been excised
to them and the community or family head of that land has the right to sign your
documents for you.

Relationship between Excision and Gazette


So for example if in 1981, Victoria Island, Ikoyi and Lekki were all part of one big
Community joined together called Oniru and it had no separation to know which
area is called ikoyi, Lekki or V.I then, and it has an approximate total area square
meters estimate of 100,000 square meters and the Government is interested in that
area and decides to take 70,000 square meters for its self for its own personal use
as an Urban Area or public purpose, it will record this acquisition in the official
government which is Gazette and also record that the remaining 30,000 square
meters (EXCISED PORTION) has been left alone for the traditional family to have
and do with it whatever it pleases it to do. This is the sweet relationship between a
land under acquisition, an excision and gazette.

CERTIFICATE OF OCCUPANCY

A Certificate of Occupancy (C of O) issued by the Lagos State Government officially leased Lagos land to you, the applicant, for 99 yrs. All lands belong to the
Government.

GOVERRNOR'S CONSENT
So many Academicians, Lawyers and Intellectuals have tried to define what a Governor’s Consent is and they end up confusing simple minded men like me with
their Big Big Grammar, so am going to attempt to do the impossible by breaking its meaning down and how it operates under the law.
A simple formula to follow is this. The first person on a Virgin Land that has neither been occupied neither by another person nor under acquisition by the Government is entitled to get a Certificate of Occupancy on that land.
If that person with the C of O decides to sell his land to another person after so many years, that person must now obtain the Consent of the Governor before that transaction can be deemed legal in the eyes of the Government. If the new buyer now decides to sell the land again to a third owner in future, that Third owner must also obtain a new Consent of the Governor before that transaction can be deemed
legal in the eyes of the Government and the process continues every time the property changes hands to a new buyer.
In other words, the first person on a land is the only person or group of persons entitled to obtain a Certificate of Occupancy. Every subsequent buyer of that land must get a Governor’s consent. There can only be one (1) Owner of the Certificate
of Occupancy on that Land and it will not be replicated for another person once the land has been sold or transferred to another person. The powers of the Governor to Consent to such transactions can be found in Section 22. Of the LAND USE ACT 1978 as amended this states thus:
“It shall not be lawful for the holder of a statutory right of occupancy granted by the Governor to alienate his right of occupancy or any part thereof by assignment, mortgage, and transfer of possession, sublease or otherwise howsoever without the consent of the Governor first had and obtained.”
With this power, the Governor has the right to grant consent to any transaction quick it thinks has not contravened any Law of the land and if the consent has been obtained fraudulently, the Governor is entitled to revoke such consent immediately.
It is very important for a purchaser of land to perfect his or her document by obtaining a Governors consent so as to have a complete rest of mind. Although its
good to buy a land that already has a Global C of O or the Land has a Gazette, it still doesn’t give you the full satisfaction that you own the land without any form of fear or intrusion by the Omoniles. Your documents have not been perfected and the consent of the Governor to that transaction has not been obtained

Disadvantages and Problems of Getting Governors Consent

Obtaining a Governors Consent from the Land Bureau isn’t the easiest thing to get quickly despite the importance attached to it and urgency needed to secure a land from Omoniles. On the Government website, it is stated that a Governors Consent
can be obtained in 30 days but that has proven to be very untrue due to unscrupulous civil servants who would do everything to frustrate the process of
obtaining the document without giving them huge kickbacks. A Governors consent that should cost N200,000 naturally could end up costing N600,000 Due to kickbacks, Egunje, Bribes, P.R etc and that 30 days could translate to 6months or a
Year.

In all, a Governors Consent is a very good document to obtain and I advise you to get it so as to free yourself from Omoniles 100%. An advantage of having a Governor’s consent is that you can transfer your land to another person without going to the Omoniles or Family Baale to sign your deed and Form 1c which are compulsory requirements needed before you can process Governors consent. The Omoniles pray seriously for the Owner not to have a Governors consent so that they can make a lot of money running into their Thousands whenever the Owner require
the signatures of the family to start the Governors consent.
Do you now see why C of O is not the ultimate? Stepping aside the criticism of those in charge of processing the C of O, You should try as much as possible to get a Governors Consent for all your genuine lands so as to eliminate Omoniles completely
and live a straight forward life devoid of Omonile wahala.

Have you learned anything so far?

very informative sir. please how can I become a real estate agent?. what do I need. I am already into construction but what to add real estate agent into my business scope

Now, let's go into the business/investment proper...

Types of Real Estate Business / Investment

Residential Real Estate -

You can invest in townhouses, vacation homes and apartments buildings where people live in exchange for a monthly rent. All the particulars of the tenancy are put in the rental agreement and undersigned by both you (the landlord) and him (the tenant). In most countries, tenancy lease agreements last 12 months upon which they can be renewed or terminated.



Commercial Real Estate-

These are essentially office buildings. The property can be a small building where you lease to small business owners or skyscrapers that can host a big government department. The lease agreements usually last for several years. The amount of rent payable is calculated per square meters.



Industrial Real Estate -

Warehouses, distribution centers, factory buildings, storage units etc. fall under this form of real estate investment. They offer significant revenue to the investors as they are usually long-term. Additional investments that you can make under industrial real estate are ancillary revenue streams such as car wash machines, dispensing machines etc.



Retail Real Estate -

Shopping malls, multi-use buildings, retail storefronts etc. fall under this category of real estate investment. Apart from the base rent agreed between the landlord (investor) and the tenant, additional money generated from sales by the property’s occupant can be remitted to the investor’s account.

Most investors in this category look for an anchor tenant (usually a big supermarket) to drive traffic into the building.



Mixed-use Real Estate -

If you combine all the above, you get a multi-use real estate investment. Investors in this segment do so looking to diversify their options of potential occupants. You will have an anchor tenant followed by other businesses such as insurance firms, banks, shopping stalls etc.

We'll continue on Monday.

Thanks.

Other Types of Real Estate Investments


Real Estate Investment Trusts (REITs)

This is the chosen investment instrument for those that do not want to directly construct properties. You buy shares of a company that owns properties. The company will divide all its income in the form of dividends.
Lending Money to Real Estate Investors

Most people consider this a fixed income instrument similar to the bond. However, there is still money to be made from the real estate.

You will lend money to the investor in exchange for a percentage of the rental income. Note that you will not share in the capital gains of the property. Your interest in the investment is confined to the loan principal and its interest.

Another way is via short term rentals like AirBnB

Property fix and flip. Just buying at 20m for instance, and set the price of the property as 26m for sale in the next 6months. So many naija people no sabi this one...

Property Features to Look Out For

The Property’s Neighborhood

The neighborhood will determine the quality of tenants and the rate of vacancies. If you invest in a rich neighborhood, your tenants will probably be rich and thus your rental income will be high.

If you buy a property near a university campus, then you are likely to attract students as tenants. The market capitalization of your property will also be determined by its location. Town properties cost more compared to rural ones.



Taxes

Property taxes have a way of eating into your rental income. Talk to the people living in that neighborhood and ask how much they are paying in taxes. Alternatively, you can go to the local authorities and enquire.



Schools Nearby

If your chosen investment is residential real estate, you will need to confirm that there are good schools in the neighbourhood. This is a great way to reduce vacancies in your property. Parents will find it harder to move if their kids are in a good close by school.



Crime Rate

Vandalism, burglary, shootings, and other crimes will make your property investment a hard sell. No one wants to run a business or host a family in such a neighborhood.



Employment Opportunities

Try investing in a residential property near an industrial town or a big city. Bus, railway systems and good public transport are also important. If there is lots of accessible jobs that is a huge factor for you.



Other Facilities

Are there malls, parks, theaters, public transport and other amenities nearby? If you invest in a property that is near all these facilities, it will be very hard not to get a return on investment.



Check with the Municipal Department

Apart from giving you building permits, the department will have all the information on upcoming developments in the area such as parks, condos, a highway etc. You will need to know whether it will be a growth area.



Vacancies in Surrounding Properties

You should never invest in a property whose neighborhood has hundreds of vacancies. You will be competing for tenants with other property owners. The effect of low vacancy is reduction on rent so as to attract tenants.



The Average Rent

In order to be able to repay your mortgage and handle other property expenses such as tax, you will need to be sure that the rental income in the neighborhood you want to invest in will be enough to cover all this and leave you with some profits.



Susceptibility to Natural Disasters

Note that your insurance premiums will be higher in an area prone to disasters such as flooding (if you've seen how some places at Lekki get flooded after rainfall you won't joke with this) etc. All this will eat into your pocket.

How Do Real Estate Investors Profit?

Asset Appreciation

A real estate property appreciates in value due to several factors including:

Lack of free land to build more houses as demand for housing increases. Scarcity leads to price appreciation.
Construction of major infrastructure such as malls and highways near the property thus increasing its accessibility and convenience.
Upgrade of the property with newer amenities.
An upsurge in the economic conditions of the region, turning it into a growth area.
If all the above happens, your property becomes attractive to potential buyers or renters and you can dictate the price.



Rent income

This is also known as cash flow income. Here, you acquire an apartment building and then lease it to one tenant or a host of tenants where you will be collecting rent at the end of every month (year). Consider renting your property as offices, rental residential houses, car washes, storage facilities etc.



Commissions for Buying and Selling Real Estate

This is the money made by real estate brokers who get to keep a percentage of the money paid by the buyer after they sell a property on profit.

There is also the real estate management companies who collect rent on behalf to the landlord and then get to keep a small percentage of the rent money. The real estate management firms run the day to day operations of the estate such as orientation of new tenants, hiring plumbers and electricians to fix faults, ensuring the neighborhood’s security etc.



Ancillary Income

Another way investors in the real estate industry make money is by installing ancillary profit generating infrastructure within the estate. This infrastructure may include vending machines, laundry facilities, ATM’s etc.
*Note that it's not good for your health to allow network provider 's mast around your property. But if money get more value than your own health, no yawa.

How to Make Income Every Month Using AirBnB �

AirBnB is a marketplace for travelers to book short-term rentals. The rentals extend from apartment to hotels, to homes. AirBnB connects travelers with hosts, travelers are provided a place to stay, and hosts with a way of creating an extra income stream.



In this post, you’ll learn exactly how to get your FIRST AirBnB booking, which can lead to more bookings that can eventually provide another stream of income for you.
Before we begin…



Put yourself in the travellers mindset, what would you look for in a listing if you were staying in your city?

How to Create a High Conversion Listing That Sells



1. The Title



The title is mostly self-explanatory. It needs to be eye-catching, along with an accurate use of words that potential guests would be using.



Guests have already selected the city they’re staying in, so don’t bother including the city name. Try to include your property’s defining characteristics, such as its view. Use all of the characteristics you can in a productive manner that will drive potential guests to click on your listing.



“Times Square walking distance” included in your title would be an ideal selection of words to get clicks on your listing.



As mentioned before, this is very self-explanatory, if you were looking for a place to stay in your city, what would you search for?





2. The Description



Optimizing your listing for a booking starts with your description. Your description should of course properly detail the residence, bedrooms, bathrooms, amenities, and all the other necessities, but in a more elegant tone.



By elegant I mean instead of putting “near bars and the beach” what would be more attractive is “The perfect location, great bars and restaurants are no further than a 10 minute walk, accompanied by a short 5 minute stroll to the beautiful headquarter of Nairaland (lol). ” Of course the description needs to be tailored to your location.



In your description, make sure to employ headings and bullet points, information broken up into small, bite-sized pieces are better than information chunked together into a longer paragraph, for example:



2 bedroom, 1 bathroom apartment, kitchen with a microwave, oven, and appliances all included. Located on the 5th floor, lots of windows for natural lighting, medium sized living room for friends or family with cable TV.



Or use bullet points:



The Building:

- 2 bedroom, 1 bathroom medium sized apartment

- Kitchen with everything you would need, including a microwave, oven, and even appliances for your everyday needs

- Located on the 5th floor, there are lots of windows which provide natural lighting for an enhanced experience

- Along with a medium sized living room for friends and family, that also comes with cable TV for entertainment



The Bedroom:

- 1st bedroom includes 200 square feet, full sized bed, carpet floors, a closet, 2 bedside tables with lamps on each table, along with cable TV.

- 2nd bedroom includes 130 square feet, full sized bed, carpet floors, a closet, 1 bedside table with a lamp, and cable TV.



The Kitchen

- Updated kitchen

- Microwave, oven, appliances

- Stocked with snacks provided for your stay

- Pantry

- An island for preparing food, and eating.



As you can see, the more detail, provided in a way that makes it easy for a person to digest, can certainly get you your FIRST booking. When writing your description, put yourself in the potential guests’ shoes, does your description scream the perfect location? If so, you’ve done it correctly, if you’re still unsure, keep rewriting the description until you have 100% confidence in it.





3. The Pictures



High-quality pictures are the best pictures, obviously. You don’t need to go out and buy a professional camera. But here are some quick tips to get the best out of it.



Clear the clutter – Make sure the area you’re taking the pictures look mess free, clean, and clutter free obviously.



Lighting is key - Open up those curtains and let that light in. Natural lighting is best, shoot during the day to maximize your quality.



Get the goods – Got a great view? Highlight that. Great kitchen? Highlight that too, make sure the best features of your spot stand out.



Get the neighborhood – If you have a good neighbourhood with nearby treasures, such as a beach, restaurants, etcetera, make sure you get pictures of those spots to encourage a potential guest to book a bed.





4. The Pricing



Because you’re new to AirBnB and have zero reviews, you’re going to want to price your place LOWER than the competition. A general guideline for pricing is go 20% - 25% under your competitors pricing. This can be adjusted based on how much the actual cost is. You’ll be able to determine if your price is competitive based off of how soon you get your first booking. You’ll increase your pricing as you get more bookings and more reviews.





5. The Checklist



After you’ve successfully completed all phases listed above, read over your listing. Proceed to use this checklist to see if you’ve created a winning listing:



- Does my title accurately describe my place?

- Does my title list nearby attractions that can drive a prospective guest to book with me?

- Would I click on this titles listing if I was looking for a place to stay in my city?

- Does my description highlight all the features of my place?

- Did I successfully employ the use of headings and bullet points to make the information easier to read?

- Are my pictures high quality?

- Did I use natural lighting to create a welcoming feeling to my home?

- Did I get good pictures of my neighborhood (or your nearby attractions)

- Did I price my listing competitively? Meaning did you undercut your competitors pricing?



If you’ve checked every box on the checklist above, you’re ready to list your place and get your first booking. What do you do AFTER you get a booking? Keep reading to find out.



I got my first booking, now what?



After you get your first booking comes a very crucial point, making sure you get your first 5 star rating. Before your guest arrives everything should be above perfection. House cleaned, beds made, crown moldings dusted, kitchen cleaned, in essence, you want to make it feel like a new home (even though it’s not). The guest should be impressed the minute they step in the door. You’re doing this to ensure you get a 5 star review, which is crucial to get more bookings in the future. After you get that first review, more bookings should start to flow in, essentially creating a snowball effect.



Before we finish this post, I’m going to provide you with a handful of tips to achieve more bookings.



How to Get More Bookings

Your Response Rate



Your response rate is how fast you respond you reply to inquiries and requests. This affects your search listing, meaning how high or low you rank in the Airbnb search engine.



The faster the response time, the better. To keep it simple, responding within an hour is the most ideal response rate. Responding after 24 hours counts as a late response which hurts your response rate, in turn injuring your listings position in the Airbnb search engine.



Moral of the story, respond fast so your listings position in the search results ranks higher.





2. Your Response Time



Airbnb defines your response time as “the average amount of time it took you to respond to all the new messages in the past 30 days”. That easily explains it. Just maintain a fast response time and your listings search result ranking will correlate with it.

3. Create Multiple Positive Reviews



We talked about reviews briefly in the earlier sections of this post, but we’re going to touch more on it right now. Quality is everything with guests, so provide the guests a high quality stay. Reviews impact your search performance, so having a multitude of good ones is obviously crucial to get guests to book with you.



It’s a simple equation, not rocket science.



- Guests + High Quality Stays = 5 star reviews



- 5 star reviews = More Bookings



- More Bookings = Income



Again, this is very easy to understand, it’s all about creating those 5 star reviews with your guests to get more bookings.



Once your guest leaves you can send them a thank you message and ask for a 5 star review if everything was perfect! Most of the time they will be happy to do so if you simply ask.



Final Thoughts



You’ve just learned how to professionally list your home on Airbnb to create bookings and generate an extra stream of income. I encourage you to go, create your listing, and while you’re creating your listing, refer back to this post through every phase of the process, from title, to pricing, and then read this post again, and go through your listing again. This is to ensure you have a listing that will get guests to book, and get money into your pocket!

Best Practices In Real Estate Investment

Take out a Mortgage

You can take out a debt (loan) called mortgage to buy a property that you can otherwise not afford. There is danger in using this leveraging tool in that in case the market takes a downward trend, the interest on repayment may increase. This has the potential to make you bankrupt.



Forming LLC’s or Limited Partnership

Instead of using the Mortgage, you can form a limited liability company or a limited liability partnership and take out a loan from a financial institution to use for making your real estate investment. The advantage here is that in case the deal goes bust, you will never suffer personal loss. May God help our work for Naija.

Trading vs. Buy-Rent Landlords


Real Estate Trader Vs Buy-and-Rent Landlord

A short-term investor in Real Estate VS A long-term investor in real estate

Holds property for 3 to 4 months and then sell for profit Vs Holds property for a long period and gets rental income from the property.

Buys undervalued property or a property located in a hot area to make a quick sell (flipping) Vs Buys property in almost any area as long as the neighborhood has high rental income.

Being unable to sell the property can be disastrous. He usually never keeps ready cash to be able to service his mortgage. Vs He doesn’t need to sell the house. He can use the rental income to service the mortgage.

Sometimes renovates properties at a small cost to increase their value VS He has to keep the property in optimal condition in order to maintain high rate of occupancy.
U don see the difference? Different strokes for different folks.

Investment Groups In Real Estate
These are the preferred investment instrument for the investors that want to own a piece of real estate but don’t want the hassles of being a landlord. The group will buy or build a property.

In this property, individual group members will own one or several units, but it is the corporate group that will be responsible for tasks such as advertising vacancies, maintenance of the property etc. In exchange for giving you that service, the investment group will take a percentage of your rental income.

You are encouraged to get into a real estate investment group because even if your units are vacant, you will still receive your rental income. This means that there is no way you are going to default on your mortgage repayment just because your units are empty.

I would elucidate on this later. Giving succinct outlines of groups that do rent to own, buy and build, buy and it would be built for you, by for resale, etc in Nigeria...
I just hope that would not be seen as an advert, but rather as a dissemination of information.
We go see...

How To Diversify and Protect Your Real Estate Investment

The Power of Hedging Inflationary Pressure

Real estate demand will only grow if the economy’s GDP is expanding. This means that as the economy expands, there is more real estate projects going on. This triggers higher rent rates. The higher the rents the higher the value of capital.

Real estate will hold constant the purchasing power of the capital. Investors are cushioned from Inflationary pressure by passing it on to the appreciation of property’s value. Some of the pressure is also transferred to the tenants.



Leveraging the Investment

You do not have to pay all of your mortgage at once. You will have it staggered over a period of time during which the interest rates may fall or increase. If you have invested in a piece of real estate in an expanding economy, the payable interest rates on your mortgage will fall, but the value of your property will continue to appreciate. But is the Nigerian economy an expanding one? Hmm... Do this at your own risk.

Drawbacks Of Real Estate

The only major problem with investing in real estate is its illiquidity. Converting an asset into cash takes months. Depending on the market, finding a buyer of the property can be difficult even with the help of a broker.

If you want high liquidity, REITs and mutual funds are an alternative. REITs offer better market pricing while mutual funds offer more liquidity by pooling resources from different investors.

Unfortunately, even this solution comes at the expense of diversification and price stability since these two instruments have more correlation with the securities markets than direct investment into real estate.

But people like us know how to market and sale any property once the value increases. If you know, you know.

Real Estate Appraisal

What is Real Estate Appraisal

Real Estate Appraisal, also referred to as property valuation entails developing an opinion on the real value (market value) of a property.

The need to do real estate appraisals occur since the transactions are far in between and the value of the transactions involved is usually big. Another reason why valuation is done is because each property is unique.

The appraisal reports will be used by financiers to prepare mortgages. They also form the basis of settling matrimonial property proceedings during divorce as well as tax due.

Most countries use the property valuers to establish the highest and best use that can be attached to the property.



Approaches to Property Appraisal

Sales Comparison Method

In this approach, the property appraiser will compare the features of the property at hand with those of a recently sold house. The assumption here is that no rational individual will pay more than what was paid for another house with similar amenities. Buyers will always compare the asking prices of houses that have the amenities they need. They will be looking to pay the least negotiable price for it.



Costing Method

The assumption in this method is that a rational home buyer will only be willing to buy a house for the price of building it. Sometimes, the buyer will even pay lesser than the market value arguing that the house has depreciated and will need extra renovation.



The Income Method

This is usually used on income generating properties. The valuer will get data on the income generated by the property using capital multipliers on the net operating income.

I'm not very skillful at this, as there are trained professionals for it. However, there are properties valuation calculators you may discover and use yourself.

With all this information, I would start listing certain locations in Lagos (that's the only area I know for now and I might extend to Abuja and Port Harcourt later) where you should invest, what makes them right for you, etc.
You can contact me for how to get those properties. However, if you have properties that align with the indices I would be divulging, and you want them sold off or rented, you can also contact me to get it done for you.

So, let's kick on..

Modified:

Here is a link for that on nairaland:

https://www.nairaland.com/5899869/genuine-properties-sale-lagos

To avoid derailing the thread.

As a foreigner living in Nigeria or a potential buyer wishing to build a new house, you will often find things are not done quite the way you are used to, and buying land is no exception. The first hurdle is understanding the system of land measurements in Nigeria.

In Nigeria, land is measured in Hectares, Acres, Meters and Feet. These measurements are affected by factors which includes but not limited to, economic investment and development patterns, human and environmental factors which could lead to mass migration and artificial scarcity of lands suitable for development.

A plot of land is a marked out piece of land. According to Nigeria's land divisions, the appropriate plot for a house construction is 100 x 50ft. A hectare is a land measuring 100m x 100m or 328ft x 328ft. It is about two and half acres. On the other hand, an acre is a rectangular plot of land with a total of 4,046sqm or 43,560sq ft.

Lot of people ask, what exactly is the size of a standard plot of land in Nigeria?

According to the dictionary meaning of plot, it is a marked out piece of land for the purpose of building or farming. The word "plot" is an arbitrary term used to describe a land division carved out for property development.

The size of a plot of land can vary for different reasons but according to Nigeria's land divisions, the appropriate plot for a house construction is 100 x 50ft which can accommodate a standard house with a small compound. To better understand land divisions used in Nigeria, different units of area are used as follows:
Hectares (ha)

A hectare is one of the least known metric units and one which potential buyers and estate developers seems to struggle with - it is a land measuring 100m x 100m or 328ft x 328ft. It is about two and half acres.
Acre

An Acre is a standard unit of measurement used by land sellers and it is almost an equivalent to the size of a standard football field. An acre is a product of any rectangular plot of land giving a total of 4,046sqm or 43,560sq ft.

An acre of land in Nigeria

Tenth of an acre, half an acre, one-sixth of an ace - what does all this mean?

In relation to land measurements, the above divisions constitutes some fraction of an acre which means a plot can be

50 x 100ft / 15.2 x 30.5m - 463.6sqm (which means there are 8.7 plots of land measuring 463.6sqm in an acre)

60 x 120ft / 18.3 x 36.6m - 669.8sqm (which means there are 6 plots of land measuring 669.8sqm in an acre)

100 x 100ft / 30.5 x 30.5m 930.25sqm (which means there are 4.3 plots of land measuring 930.25sqm in an acre)

A plot of land in Nigeria



A plot of land in Nigeria

As a designer and builder, I give a lot of consideration to the size of land and try to come up with a design that would not only just look great, but also would make the best use of the land.
Source: Nigeriapropertycentre

If you have any questions, drop a comment below

olabisi263:
Another way is via short term rentals like AirBnBProperty fix and flip. Just buying at 20m for instance, and set the price of the property as 26m for sale in the next 6months. So many naija people no sabi this one...F

Exactly. And there's a lot of profit potentials there with minimal required efforts.

There are other things to also consider in acquiring a property.

You need to know if the owner of the property is not in any form of debt.

If the area is not prone to flooding.

If the house (not land) with C of O can get or has building approval.

If the area you're acquiring the property has no history of house sinking

And many other things as well.


For a while now, we would be digressing towards agents and house/land owners with properties for sale.

Is anyone following?

To engage in real estate business for commercial or personal reason, start here>>>

https://online-estate-biz..com

Newbielearner:
Is anyone following?

yea

I'll be posting a few commendable properties as well. These are lands in locations where you can easily flip and earn massive returns. You can buy any property not just the ones I'm recommending. But it's advisable you buy from companies or individuals with C of O, governor'scobsent or at least Excision.

Hectares of land for sale in Ibeju Lekki. Can be sold per plot (no half plot).
4.8m net per plot (non negotiable).

Flexible payment option

Other fees apply

Any question?

Land with C of O in Prime estate at Mowe Ofada for sale at 1.2m and 3 bedroom bungalows for 8.5m. Uncompleted bungalow for 4.5m

More on the way.

Now the land is 1.5m per plot. Definitely, the price would be increased after the completion of the Lagos-Ibadan express way. It's just a few minutes to Alausa. Once BRT buses start navigating through, then another increase. Buy now!

We give loans to Businesses and people that stay around lekki, vi, Ajah, lekki, jakande, Awoyaya , lakowe eleko we can give you upto (50m) in 3 working days kindly Check my signature for further enqiry

What you need to stat up a real estate agency job...