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Nairaland Forum / Nairaland / General / Properties / A Quick Tip On How You Can Kick-start Your Journey As A Real Estate Investor (130 Views)
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A Quick Tip On How You Can Kick-start Your Journey As A Real Estate Investor by Mohsandhomes(f): 10:18pm On Nov 16, 2021 |
Wondering how you can kick-start your journey as a Real Estate Investor,this is one of the fews ways that can aid the beginning of your journey in Real Estate. You can kickstart your Real Estate Investing and Ownership via a practice called LANDBANKING. Landbanking is a practice of buying in mass parcels of land for future sale or development. It requires buying lands within emerging locations which might be 20-30 minutes or more to the main town where we have major developments or future prospects whilst you must be willing to wait for an average of 2-4 years for it's development and also to offset few plots for Capital Appreciation. All you need to do is to -Carry out critical Due diligence on the property(ies)to ensure the genuinty of the land before buying it. -Make payment for the land after all your enquiries about the land has been fully and positively satisfied. -Perfect a proper documentation of the property a and take possession of your land(s). -If Possible do a perimeter fencing around the lands depending on your land size to avoid any form of trespassing on the land. -Visit the place monthy /quarterly to check out for latest developments in the environment and also try and be clearing the site within a specific time range. -You can engage the land(s) by leasing it out for agricultural ,commercial or Event activities with a legal backup. A critical understanding of this will help you appreciate Real Estate Investing better. |
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To Let Miniflat At New Garage Is #350k And Miniflat At Akoka Is #400k And Shop / Eastwest Properties - Property For Sale / For Sale Semi Direct 7bedroom Duplex Fully Detached. Location. Canal Est
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