Real estate in Nigeria has become quite popular over the years and it has become a major investment people are investing and pumping their money into.
Real estate business in Nigeria is quite profitable and lucrative. The real estate sector in Nigeria is presently in the high move and it is booming so well and quite a lot of people are making millions of naira from it. Despite the economic meltdown that has taken over, real estate business is seen as a money supplier.
One beautiful thing about real estate is that it's opportunities are so wide that there is something for everyone and as you expand in the real estate business, it's an opportunity open for you to expand your portfolio as time goes.
Real estate business has quite a lot of opportunities but note that buying and owning a real estate is more complex than just investing in stocks. You have to know somethings before venturing into it, so you don't have to regret at the end of the day.
In this write up, we will inform and introduce you to real estate as an investment. Read along as we take you on the journey of real estate investment.
Below are some of the steps needed to invest in real estate that will result in huge profits or return.

Rental Properties.
Rental properties investment is quite old. It's as old as land ownership. For rental properties, you buy properties and rent it out to tenants, then you become a land owner who is responsible for paying the maintenance of the property.
Most times, you'll charge more rent fee that is enough to cover the cost that comes with owing a rental property as well as the the profit too. So you need to do a lot of research about rental value charged by other land owners in that particular area. Becoming the owner of a rental property leaves you with a fixed rental fee monthly or yearly as you want.
It is well known that properties appreciate in value as time goes on leaving the land owner with more valuable assets.
There are issues with rental properties especially tenants. You probably may end up with a careless tenant who doesn't know how to take care of your properties, thereby leaving your properties destroyed. The worse is not getting any tenant to occupy the house. This could result into having a very low cash flow monthly.
There's another important issue of finding and seeing the right property. You'll have to look for a property that is quite conducive for people to rent and live in. Perhaps, the major difference between rental properties and every other investment is the amount of work and time you have to put in to maintain your investment.
For example, if you buy a stock, it stays in your brokerage account and, hopefully, it increases in value but in rental properties, there are a lot of responsibilities attached with being a land owner. First, you're responsible for the maintenance of your property. However, if the work load becomes too much, you can hire the services of a professional manager and note that it is not free of charge. You'll have to pay the professional manager you're hiring.


REITs- Real Estate Investment Trusts.
A huge number of people in Nigeria are not aware of the Real Estate Investment Trusts. Real Estate Investment Trust is a company who takes charge and finances income-producing properties. It has also be found that it comes with a lot of advantages, and one of it is portfolio diversification. Another wonderful and nice benefit is liquidity. Liquidity is also another, that makes for liquid assets that can be sold very fast to raise cash or to take advantage of other investment opportunities available.
Just like regular dividend-paying stocks, Real Estate Investment Trusts are a solid investment for stock market investors that want constant and regular income. Real Estate Investment Trusts also gives room for investors into non-residential investments such as office building or malls.


Land Flipping
Land flipping is the act of buying land and selling it quickly for profit. Land flipping is a good investment and it needs little or no effort. Land flipping will involve your money and a deep understanding and knowledge about land ownership and the process involved there in. If you're armed with those things, you're good to go. You would have to have a considerable amount of money if you want to make your money in millions but if you don't have, you can start with just a plot of land and from there you can proceed to buy more land and keep selling.


Property Development.
Property development investment is really money intensive. It involves getting properties in nice and beautiful locations, building and developing them to luxury and Behind apartments, commercial structures and other things needed. After it has been completed, you then sell it at a very high profit margin. For instance, if you spend 400 million to build and develop a nice location, be certain that you will be selling it for N800 million. Location is a very important thing if you want to invest in property development.
There are a lot of real estate investment but be careful by making the right decision, do your research thoroughly and weigh the benefits and cost before you dive in.
It is comforting to know that the appreciative value of real estate lies greatly on getting the right location. During the process of investing, make sure the site you're choosing is not far from top and high places in Nigeria. There are places in Nigeria that are untapped mine for real estate investment.
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