6 Ways To Invest In Real Estate With Little Money In Nigeria

A lot of people desires to own lands or properties in different locations of the country, as it is considered as one of the biggest achievements of their life.
Another common questions people ask is how they can invest in real estate with little money in Nigeria. This because they really want to invest, but with moderate incomes and a lot of expense, they haven’t been able to save much money to start.
Note that it is absolutely possible to invest in real estate with little money in Nigeria. Below are the methods you can use to invest in real estate with little money in Nigeria.

The Trade By Barter Way
It is possible to pay for real estate by bartering with another piece of property or using a specialized skill that you have. If you are a skilled marketer, you can offer a real estate company quality sales in exchange for a property. Also, you can offer to swap your car, boats, large appliances, valuable jewelries for land.
Independent Marketer for a Real Estate company
You can use this way to become a real estate investor where you sell reputable real estate products such as plots of lands or houses and use the commission gotten to acquire lands within the real estate company.
Note that you can use this way to invest in real estate with little money in Nigeria.

The Friends And Family Way
In case you have little money on hand and you intend to make a real estate investment, then you can borrow money from family and friends. Make sure you write an official promissory note that has payment due dates and stick to your promise.

The OPM Way
In case you don’t know what OPM means, it is called other people’s money. It is a way you can pay for real estate investment opportunities with little or without your finance.
To use OPM, private lenders such as friends and family members can help you to achieve that. However, these kind of private lenders are known as silent partners which have the money to invest in real estate and also benefit from the financial return. This is because they don’t have the time, knowledge or interest in doing the work of real estate investing.

Asking Your Seller To Pay Your Closing Costs
During real estate transactions, sometimes property sellers are willing to pay buyers closing costs for them to incentivize a sale. But the trade-off is that you will probably give the full asking price or close to it. Note that this is reasonable, as long as your property rent is enough to cover all of your expenses, and also give you little monthly cash flow.
However, at full asking price, in case the lender gives you a total mortgage payment (which includes taxes and insurance) that are equal to or greater than the property rent you can reasonably charge, then look for another deal. Note that rental properties is supposed to have a positive cash flow foe it to cover vacancies and repairs.

Mortgage Payments Ways
In case you are intend to invest in a piece of real estate property but you can’t afford any down payment, then offer to take over the mortgage payments by exchanging for the deed.

Conclusion
Remember that whichever of these 6 ways to invest in real estate with little money in Nigeria you decide to use, your aim is to invest in real estate with little money and build wealth. Nigerian real estate is among the few investment venture where you can start without having large sums of money.
Indeed, one never knows when a certain real estate investment opportunity will come and go, so make sure to take advantage of the properties listed on Edemproperty for a wise decision.