Yesterday, we started a series on 'Real estate ,the surest way to wealth MAXIMIZATION.

If you missed yesterday's edition , kindly click on the link below to see what was discussed

https://m.facebook.com/story.php?story_fbid=4451168048279629&id=100001594339078

Today I will be talking about the reason why you should explore this Investment strategy as a wealth MAXIMIZATION tool.

If you’re like most real estate investors, you’re probably thinking of pursuing this Investment strategy with one or two primary goals in mind:

✅To buy a property and flip it for a profit as soon as possible.

✅To buy a property and create a dependable source of passive income.

Both strategies are completely legitimate, time-tested methods that have created a lot of wealth for a lot of people in real estate.

However, of all the various ways that people pursue real estate investing, one of the most overlooked and underused strategies I know of is a buy-and-hold technique known as *“Land Banking”.*

Several Nigerians who live abroad are looking out for investment opportunities to invest their money on.

No other investment opportunity in Nigeria offers a better return than the real estate sector because Land never depreciates.

The most horrible thing that can happen to Land is for the price to remain constant but that can just be only for a while.

But most times prices of properties especially in strategic locations usually experience sporadic price increase or accelerated appreciation

A very good example is the Sangatedo, Ajah and Ibeju Lekki corridors.

2 clients of mine in diaspora bought plots of land in a very strategic location along the Ibeju Lekki corridor in year 2020 for a million naira, as we speak the land is already being sold for #3M per plot , a whooping 200% appreciation within a year.

Imagine what will happen in 2 years time, by the time Dangote Refinery starts operation, that property will not sell for anything less than 7M.

Rather than saving your cash in the bank where you make like 3% in a year, why not just invest your cash on landed properties where you can get between 50% to over 100% profit within a year.

Anybody can leverage land banking and earn substantial revenue on investment when you work with the right Investment partners.

It’s a far better option for those based abroad on the grounds that since they don’t live in Nigeria, they are progressively patient to leave the land to significantly. appreciate before selling.

Even for people resident in Nigeria, you won't know how fast the years seems to fly by when you just buy and forget about it.

Peradventure in the future, you have some financial needs to meet like sponsoring a child's education abroad, relocation expenses, or any other exigency ,the land comes in handy and you will be amazed at how much return on Investment you will get on selling the land.

Why not reach out to us at HoneyCrown properties and Investment ,a real estate brokerage firm where we have verifiable, safe and genuine properties in strategic locations and let's help you start your journey to Land banking Investment.

Olubusayo Akin-Akinbode
Real estate and Investment Consultant