₦airaland Forum

OkuFaba:
8. Too much Agent dey patrol anyhow.

If everyone na Realtor, who dem wan sell to?

Nigeria, the acclaimed "Giants of Africa," has maintained its position as the country with the most Real Estate investment on the African continent for the past two decades and counting. This achievement is largely attributed to the country's growing population of 200 million people. However, Nigeria, like most African countries, is plagued by numerous economic and political issues, which have had a negative impact on the country's real estate market.

Here are the seven most critical concerns confronting the Nigerian property investment sector.

#Problem 1: Expensive Residences

The ongoing rise in the price of most Nigerian homes is posing a significant challenge to the country's real estate sector. Most Nigerian cities are overpriced, which discourages potential investors. Rivers, Lagos, and Abuja are the most affected cities, all of which are important commercial hubs.

Furthermore, the exorbitant price tag has widened the social divide between different income earners. In short, there are some areas where a middle-income earner, let alone a low-income earner, cannot afford to rent a home.

For example, in Lagos State, certain housing units are occupied by the wealthy and cannot be afforded by low-income earners. When this happens, combined with the country's rising economic woes, people tend to flock to less expensive areas, putting a damper on hopes of a possible drop in rent costs.

#Problem 2: Capital Market Threat
The risk in the capital market has increased as a result of coronavirus. The volatility of the equity capital market in this post-pandemic period is one of the reasons for Nigeria’s low returns.

As a result, because the real estate sector is a component of this financial system, most protective investors will reconsider investing in real estate. Moreover, the raising capital for lands, fees, and construction costs will make things more difficult for estate agents.

Farther from the real estate clime, this financial problem will eventually have an impact on the Nigerian economy by limiting the flow of cash in the real estate sector, thereby affecting the country's Gross Domestic Product.

#Problem 3: ESG
ESG is an acronym for Environmental, Social and Governance. It is a set standard that is used to evaluate the environmental and climate effects of housing units.

In Nigeria, most apartments are characterised by pollution, prevalence of waste in public areas, lack of trash bins for proper waste disposal, and more. This is not just mostly prevalent in big cities such as Lagos and Abuja but is also common in some rural communities.
Furthermore, according to the Global Housing Standard, real estate professionals should be concerned about greenhouse gas emissions. Some real estate practitioners in Nigeria disregard this standard, resulting in widespread environmental and climate change in most areas of the country.

Furthermore, statistics show that Nigeria's ESG indexes grew by an additional 40% in 2020. This increase was primarily influenced by matrices determined by how Nigerians handled waste and how conducive their environment was. Another important factor that contributed to the exponential increase was the high proportion of healthy residents compared to the low rate of medical cases caused by environmental factors.

#Problem 4: Naira Depreciation
The rate at which the Naira is depreciating is a major source of concern for all sectors of the Nigerian economy, including real estate. The Nigerian government's failure to subsidize the cost of building materials adds insult to injury, forcing contractors and building engineers to purchase these expensive construction equipment at exorbitant prices.

Nonetheless, housing experts have made several recommendations for the country to become self-sufficient in the manufacturing of building materials. These recommendations have yet to bear fruit, but in the meantime, Nigerian Real Estate Investors will most likely be purchasing construction materials at exorbitant prices, aided by rising naira depreciation.

#Problem 5: Increased Rural-to-Urban Migration
One of the issues confronting Nigeria's real estate sector is the increased rate of rural-to-urban migration. The large influx of renters from rural areas to urban areas has had a significant impact on property regulation in the country. As a result of this unchecked mobility, one of the major causes of high home rent is overpopulation.

Despite the fact that rent prices in rural areas are relatively low, people flock to urban areas in search of greener pastures due to a lack of investment opportunities. As a result, most real estate managers and agents capitalize on this flow by raising house rents.

#Problem 6: Ineffective Property Protection Laws
Estate laws are generally not properly implemented in Nigeria, which has resulted in many cases where investors have been deprived of the land they legally purchased. This is common in developed areas of the country, such as Lagos, and is primarily orchestrated by a group of land thiefs known as omo-onile. These well-known property scammers have a penchant for dubbing investors with the settlement fee tag. They are also commonly found on construction sites where building projects are in progress, where they either violently or deceitfully extort.

Furthermore, despite the city's law, which guarantees offenders 21 years in prison, omo-onile (general term for land grabbers in Lagos) continues to thrive in certain areas of Lagos State. There have been numerous cases where people's land has been forcibly taken and buildings demolished, rendering the property protection law ineffective. This appears to be deterring a significant number of real estate investors from investing in Nigerian property.

#Problem 7: Poor Building Quality
Cases of collapsed buildings in various parts of the country indicate that the construction materials used by some contractors are subpar. In short, some of these building contractors in Nigeria lack the necessary educational credentials and professional experience.

Furthermore, this persistent problem appears to have become a source of concern for the majority of Nigerians, and if allowed to persist, it may succeed in tarnishing the image of the country's real estate sector. As things stand, some buildings in certain industrial areas of the country do not meet construction standards, which is largely due to the incompetence of the responsible building contractors.

Conclusion

The importance of real estate in Nigeria cannot be overstated. It is a major economic driver and has generated wealth for the country. However, despite being Africa's largest sector, it has faced a number of critical challenges over the years. Building collapses, for example, have increased the number of human casualties, instilling fear in the majority of residents. These concerns have made the country's real estate sector's prospects less promising and likely to drive away potential property investors if not corrected.


My Name is Dennis Isong and I am a Real Estate Professional. For Reading this article to this point, I have a GIFT for YOU. DOWNLOAD FOR FREE MY NEW BOOK TITLED:Bamboozled By Some Real Estate Companies “How Some Real Estate Companies Trick You Into Buying Low-Value and Over-Priced Estate And How You Can Flip The Table in Your Favour & Enjoy Risk Free Maximum Returns Anytime,Any day” CLICK HERE TO DOWNLOAD HERE IT FOR FREE https://landproperty.ng/free The information in this book will help you to pick the right kind of property and nobody can trick you to buy what you do not want. This book is very concise, it was done deliberately so you can pick it up and finish reading in few minutes.

The perks of homeownership cannot be overstated; all over the world, owning a home undoubtedly is a big achievement. Huge for so many reasons, even though these reasons vary from one individual to the other.

While owning a home marks a critical milestone in the list of achievements of many people, the journey towards becoming a first-time home builder is not entirely a smooth process and can be hectic for the faint-hearted.

If you intend to join the home owner’s leagues by building your first home, it is pertinent to consider the cons, just as the pros of the entire building process. It can only be achieved by having an adept understanding of the downsides, just as the benefits to help you stay on the right track. This is the essence of this guide to help you identify pitfalls you should avoid and optimize the process of building your first home.
While setting out to build your first home can be an exhilarating experience, watch out against the biggest mistakes first time home builders make listed below:

1. INADEQUATE BUDGET PLANNING:

Desire is one thing, but the financial resources to help you build your first home are different. Inadequate budget planning is a common mistake many first-time home builders make; this is why you must plan, plan and plan your finances before setting out to build.
It is pertinent to consult with a professional home builder to make an extensive budget for you to don't begin a process you won't end up finishing.

It is not uncommon for first-time home builders to set out to build a house without making due consultations only to find out somewhere after the process has begun that the financial resources needed to get the project executed are inadequate.

To do this right, after choosing your building design and finalizing on how you want your desired hoe to look like, make time to consider finance research and planning. Doing this will set you on the right track and veer you off from initiating a project you will not end up finishing. Consulting will not help you plan your resources alone; this process will shed light on processes you can enjoy bargains and even save up funds in the long run. So, carry out detailed financial planning before setting out to build!

A good financial plan for your building process should be detailed and adequate for all your needs from start to finish. An inadequate financial plan will only cause an incomplete project, so make due consultation and get a budget planning that caters to all your needs.

2. POOR SPACE PLANNING:
One other common pitfall many first-time home builders fall into is improper space planning.

Building a home that has well-defined spacing for all your needs is something never to overlook. The importance of advanced space planning often is not easily known until the whole building process gets completed, and not having the right space planned out can lead to lots of inconveniences. For example, improper planning for your water resources can leave your home flooded, and you don't want to have a beautiful home with a messy problem.

A good home should reflect advanced thinking that caters to all your needs as a homeowner; regardless of how beautiful any home design you see may be, not every home design is well suited for any location.

To get it right, list your home needs and discuss them with your designer to make adequate preparations to have all your needs catered for in your home design. Chances are this will ignite even better ideas from your designer, and you'll end up with a home you'll love and not regret the cost of engaging a designer to do adequate space planning for your home.

3. NOT GETTING THE RIGHT BUILDER:
Not all home builders are the same. There's always the professional edge that separates a proficient home builder from an average one. The worst mistake you can make as a first-time home builder is not choosing a competent home builder for your building project. Who says you can't build a fantastic home even as a first-time home builder.

If you're a first-time home builder, it is pertinent to know that there are different home builders and choose the right one for your project.
To build a top-notch home, you should consider pitching your plans through these builders and choose which to execute your project at every phase:

A. PRODUCTION BUILDER
A production builder oversees building plans evaluating building plans and options. This specialist will show you a modeled design before executing your project, so you can review the entire setup design and make any corrections and amendments before the actual building process starts. This process helps you visualize what to expect and helps you in budget planning, so you can plan your home-building finances even before starting.

B. CUSTOM-BUILDER
A custom builder will help you achieve your dream of building your first-time home in style. A custom builder helps you fine-tune the building designs you have and bring brilliant touches to assist you in building a home that fits your lifestyle, land topography, and budget. Without consulting with a custom-builder, it is easy to set out on a process that may end up before getting your objective.

Other pitfalls that can rear their head up with home builders include not visiting buildings the home- builder you desire to handle your project has done before or evaluating a strong portfolio. A good home builder should have an extensive portfolio to present for review purposes.

It is essential to interview a selection of builders for your project, evaluate their portfolio and even visit a few of their previously handled projects to get the very best builder for your home. Doing this will prevent you from a lot of problems and money, more importantly.

[b]Final Thoughts
[/b]Adequate planning and professional consultation will help you avoid many problems many first-time home builders make. Not just planning but following through with the suggestions outlined in this article. You can avoid the three biggest mistakes most first-time home builders make if you consider and follow the guidelines outlined in this guide.

FOR READING TO THIS POINT I HAVE A GIFT FOR YOU
I have a SPECIAL GIFT FOR YOU
It is my NEW BOOK titled: "Bamboozled By Some Real-estate Companies"
This book will save you From Real estate TROUBLE and REGRET
The information in this book will help you to pick the RIGHT kind of property and nobody can trick you to buy what you do not want.
This book is very concise, it was done deliberately so you can pick it up and finish reading in few minutes.
Download HERE FOR FREE
https://landproperty.ng/free

GardenOfGod:
Education is knowledge and knowledge is power. The information just saved a brother.

To live and work in a foreign country comes with its challenges.


However, no one wants to lose its hard-earned resources or
income due to wrong investment. Meanwhile, it’s without a doubt that 55%
of Nigerians living abroad definitely love to invest in
Nigeria but sometimes they go about it the wrong way and
make serious mistakes.

Just like a story (real-life story) that was published on Nairaland Forum
about a US-based Nigerian man who invested a huge sum of N787 Million
in a landed property at Sangotedo in Lagos state. And was presented
with a fake document for the land, imagine losing this amount of money to fraudsters.

Meanwhile, this kind of mistake can easily be avoidable once the investor is
well equipped with the right information and knowledge.

Thus, these are the mistakes I want us to discuss in this article.
Knowing and being able to avoid these mistakes can help save one from
lots of headaches and stress trying to recover your lost fund.


1.PROCRASTINATION

This has been one of the huge sets back many diasporas have.
Most state, “I’ll invest when I’m back in Nigeria”.

But they don’t remember that real estate doesn’t wait
for anyone. For instance, in this present developing area of Lagos
state that’s Ibeju Lekki, the selling price of the most landed property
has been appreciated by 20% - 30% for the past 5 years and still
appreciating because of the massive ongoing development in the area.

For example, we have the Dangote Refinery being set-up in that
location which is intended to be Africa’s biggest asset with an estimated value of $9bn. Also, there’s a seaport, Lekki international airport, and Lekki free trade zone being set-up by the Lagos state government. Because of these developments and other potentials, the place is now referred to as the new Lagos and land appreciation rate is increasing daily.

With the rate property appreciates especially in developing or developed areas,
a minute delay can cause one to be purchasing a property at a higher cost than it
should be. For instance, as of 2016 a plot at Amen Estate Phase 2 was selling for N10m.

Then, in 2018 it was sold for N12m but right now it’s selling for N25m.
So, if there’s any diaspora who invested in Amen Estate Phase 2 in 2016
when it was sold for N10m, rather than wait anytime he/she comes to Nigeria to
invest in the property. Then, the person must have saved the additional cost over
these years, and the property has also appreciated by 150%.

Hence, knowing the right time to invest in a property and bury that procrastination idea is a great deal.



2.INVESTING OUT OF EMOTION:

It’s difficult not to let your heart rule your head when purchasing an investment property.
Don’t be surprise that I raised this point, we have a lot of people especially those living outside
Nigeria make the same mistake over and over again of investing out of emotion not because
they need to invest in that property. Most diaspora may invest in a property they don’t know
anything about or didn’t do their background research on. But simply invested because either
a friend or family introduce them to it, or out of fear of missing out.



This can be a costly mistake, even though there’s nothing wrong with investing
in a property being introduced to you by a friend or family. However, ensure to do
thorough research on the product and make sure it worth spending on.

Don’t allow to be pushed by that “gut feel” it mostly occurs out of anxiety or fear.
Take your time (but don’t procrastinate) to research the property you want to invest in,
seek expert advice and make an unbiased but right decision.



3.NO IN-DEPTH KNOWLEDGE

Before investing in any property, it’s best to have first-class information about the property.
This helps one in making the right decision whether to invest in it or not.

Most Nigerians living abroad hardly know much about the property.
For instance, the specific location and even the surrounding vicinity can
help determine if its best for the purpose of your investment.

The property valuation, potentials, land documents/title are other option to consider.



4. NO THOROUGH BACKGROUND RESEARCH



It’s very necessary that you undergo thorough research on the property
investment before making any move. Most diasporas hardly partakes in any
thorough background rather 65% of them depend on the research carried
out by their family or friends without involving any professional services to
help investigate the property they want to invest in.

And this can be hazardous if care is not taken, you might be purchasing a
government property without any authorization to build on it or buying
land already bought by someone else.

5.RELATIVE OR FRIENDS CONCLUDING ON THE PROPERTY

It’s fine to have your relative or friends inspect the property to invest.
But, don’t allow them to make the final conclusion for you.

This is because they may be ruining your property acquisition procedure
if not handled with care. Also, most don’t have a personal interest in it
and so may not make the right decision when it comes to the choice
of investment. Some even make the mistake of making payment through their relatives



WHAT THEN IS THE BEST WAY TO GO ABOUT IT?

Here’s the best great strategy for Nigerian’s living abroad to buy their
property without physical inspection;

Employ the services of a professional like a lawyer or well-trusted Realtor
to inspect the place with your representative at a convenient time.

Then, instruct them to go live (I mean a live video record) so to enable
you to inspect the property with them. Also, that of the neighborhood where the property is located.

Next, is to choose the desired plot that’s where you’ll be allocated
together via the live video.

Then, proceed with the land document but make sure that
the land/property document has been duly
verified and authorized by the government.

This can be carried out by your professional lawyer,
not just your family or friend. Then, you can proceed with
the payment to the official payment channel of the Real Estate Company.

It’s not advisable to make payment through your relative except on the ground of total trust.



My Name is Dennis Isong and I am a Real Estate Professional.

For Reading this article to this point,
I have a GIFT for YOU. DOWNLOAD FOR FREE MY NEW BOOK
TITLED:Bamboozled By Some Real Estate Companies
“How Some Real Estate Companies Trick You Into Buying Low-Value
and Over-Priced Estate And How You Can Flip The Table in Your
Favour & Enjoy Risk Free Maximum Returns Anytime,Any day”

CLICK HERE TO DOWNLOAD HERE IT FOR FREE
https://landproperty.ng/free
The information in this book will help you to pick the
right kind of property and nobody can trick you to buy
what you do not want.

This book is very concise, it was done deliberately
so you can pick it up and finish reading in few minutes.

How to Invest in Real Estate In Nigeria With Little Money

In any investment, money is engaged to bring about more money. For some capital-intensive investments like the real estate venture, much money is usually needed right from the start.

We all know it’s almost impossible to start a real estate business with little finances, however, it is not entirely impossible. Property investment is a venture that takes years to bring returns, and in most cases, considerable returns are only obtained after making multiple investments. Still, the money to make these investments is seldomly available for many.

There are strategies carried out by seasoned property investors while funding their investments and these help them put in only a little amount of money. These investors have identified and developed the knack for utilizing other people’s money to their gain.

For anyone who hopes to make consistent earnings through real estate without the challenge of having to acquire huge capital, the below strategies are indispensable.

Forming a Partnership

Because real estates are usually expensive and most buyers may not have enough capital to purchase them, a partnership could be formed between two interested buyers to offset the cost of the property.

This ensures the real property is purchased with considerably little money coming from each of the partners. Despite this advantage, the buyers need a robust partnership agreement where, among other details, the equity of each partner is clearly outlined to avoid future problems.

Leasing

Investing in real properties necessarily doesn’t require one to foremostly purchase a building. You can do it with only a lease.

Leasing is an approach to real estate ownership where the owner of the property rents it out for a certain amount of money.

The lessee, if permitted, can further lease out the property or units of it. Ordinarily, leases are usually lowly priced and require no heavy sum of money during upfront negotiations.

Some property owners allow an outright purchase of leased property. In this option, an agreement with the owner of the property is made for a higher rental fee to be paid periodically, usually a month. The excess amount paid after the lease fee has been isolated away is part of the payment for the property. In this way, you are investing in the property but with little amounts of money.

Special Government Schemes like the National Housing Fund (NHF)

This is a government pioneered scheme which enables various working-class citizens to own their home. Clearly defined as a loan scheme for the purchase, renovation, or building of residential apartments, it is of immense benefit to individuals unable to accumulate monthly income to build a home.



Obtaining the NHF loan enables property investors to build homes with little monthly contributions. These homes could be leased and the money derived from such used in settling off the loan amount.

The National Housing Fund has a set of requirements and guidelines for citizens hoping to obtain a loan. One of such is that the citizen must be above the age of 21 with proof of employment. Before the request for a loan, the individual must contribute for at least six months to the NHF.

The maximum obtainable amount is N15 million at an interest rate of 6%. This is to be repaid within 30 years from the date of obtainment. This loan is directly managed by the Federal Mortgage Bank of Nigeria (FMBN) although an application for it could also be through a recognized primary mortgage institution.

FMBN’s Rent-to-Own Scheme

Another means through which a worker can own a property in the country with little money is through the rent-to-own scheme of the Federal Mortgage Bank of Nigeria.

This scheme is similar to the national housing scheme, but the difference is that workers do not obtain this loan facility for building a home, instead, Rather, rent the property built by FMBN and subsequently purchase it outrightly.

Workers are entitled to properties whose value is limited to N15 million with prices to be redeemed within 30 years. A 9% interest rate is placed on this loan and interested workers are assured of quality cost-effective buildings.

Real Estate Investment Trusts

Owning a share in a real estate investment trust is another way to invest in property without so much money. Like your share of a company’s stock, you cannot get your money out unless it is traded to another person or the property is sold off.

In Nigeria, various property companies are operating this investment model. They build offices, and residential buildings with these trusts, and then lease the building out. The profit garnered from the rent is shared out among shareholders.

One benefit of investing in real estate through investment trusts is the absence of managerial duty.

All administrative tasks are done by the company and for this, an administrative fee is gleaned from profits made with the property. That wouldn’t matter much considering that just a bit of your money is under the trust.

Obtaining Home Equity Loans

This method of investing in real estate requires you to leverage the equity of your earlier acquired property to obtain a loan for yet another property.

The property might be a home or a leased apartment. To obtain a good amount of equity loan, the value of the property serving as collateral must be great.

Banks and several microfinance institutions do offer this kind of loan package. The interest rate might be inconsiderate, however, you wouldn’t have to spend much of your fund for the property to be obtained.

Real estate investment is a profitable venture of purchasing, owning, managing, and selling or leasing real property. It offers steady cash flow but necessarily demands time and intensive input of finances.

Most often than not, these finances are from the personal keeps of investors, and for individuals with no stacks of finance, the likelihood of real estate investment might look bleak.

By applying the above real estate investment strategies, having an investment or several investments in real properties is possible with little money.

Like any kind of investment, it is recommended that decisions made should be roundly researched beforehand.

My Name is Dennis Isong and I am a Real Estate Professional. For Reading this article to this point, I have a GIFT for YOU. DOWNLOAD FOR FREE MY NEW BOOK TITLED:Bamboozled By Some Real Estate Companies “How Some Real Estate Companies Trick You Into Buying Low-Value and Over-Priced Estate And How You Can Flip The Table in Your Favour & Enjoy Risk Free Maximum Returns Anytime,Any day”

CLICK HERE TO DOWNLOAD HERE IT FOR FREE https://landproperty.ng/free The information in this book will help you to pick the right kind of property and nobody can trick you to buy what you do not want. This book is very concise, it was done deliberately so you can pick it up and finish reading in few minutes.

In any investment, money is engaged to bring about more money. For some capital-intensive investments like the real estate venture, much money is usually needed right from the start. We all know it’s almost impossible to start a real estate business with little finances, however, it is not entirely impossible. Property investment is a venture that takes years to bring returns, and in most cases, considerable returns are only obtained after making multiple investments. Still, the money to make these investments is seldomly available for many.

There are strategies carried out by seasoned property investors while funding their investments and these help them put in only a little amount of money. These investors have identified and developed the knack for utilizing other people’s money to their gain.

For anyone who hopes to make consistent earnings through real estate without the challenge of having to acquire huge capital, the below strategies are indispensable.

Forming a Partnership

Because real estates are usually expensive and most buyers may not have enough capital to purchase them, a partnership could be formed between two interested buyers to offset the cost of the property. This ensures the real property is purchased with considerably little money coming from each of the partners. Despite this advantage, the buyers need a robust partnership agreement where, among other details, the equity of each partner is clearly outlined to avoid future problems.

Leasing

Investing in real properties necessarily doesn’t require one to foremostly purchase a building. You can do it with only a lease.

Leasing is an approach to real estate ownership where the owner of the property rents it out for a certain amount of money. The lessee, if permitted, can further lease out the property or units of it. Ordinarily, leases are usually lowly priced and require no heavy sum of money during upfront negotiations.

Some property owners allow an outright purchase of leased property. In this option, an agreement with the owner of the property is made for a higher rental fee to be paid periodically, usually a month. The excess amount paid after the lease fee has been isolated away is part of the payment for the property. In this way, you are investing in the property but with little amounts of money.

Special Government Schemes like the National Housing Fund (NHF)

This is a government pioneered scheme which enables various working-class citizens to own their home. Clearly defined as a loan scheme for the purchase, renovation, or building of residential apartments, it is of immense benefit to individuals unable to accumulate monthly income to build a home.



Obtaining the NHF loan enables property investors to build homes with little monthly contributions. These homes could be leased and the money derived from such used in settling off the loan amount.

The National Housing Fund has a set of requirements and guidelines for citizens hoping to obtain a loan. One of such is that the citizen must be above the age of 21 with proof of employment. Before the request for a loan, the individual must contribute for at least six months to the NHF. The maximum obtainable amount is N15 million at an interest rate of 6%. This is to be repaid within 30 years from the date of obtainment. This loan is directly managed by the Federal Mortgage Bank of Nigeria (FMBN) although an application for it could also be through a recognized primary mortgage institution.

FMBN’s Rent-to-Own Scheme

Another means through which a worker can own a property in the country with little money is through the rent-to-own scheme of the Federal Mortgage Bank of Nigeria. This scheme is similar to the national housing scheme, but the difference is that workers do not obtain this loan facility for building a home, instead, Rather, rent the property built by FMBN and subsequently purchase it outrightly.

Workers are entitled to properties whose value is limited to N15 million with prices to be redeemed within 30 years. A 9% interest rate is placed on this loan and interested workers are assured of quality cost-effective buildings.

Real Estate Investment Trusts

Owning a share in a real estate investment trust is another way to invest in property without so much money. Like your share of a company’s stock, you cannot get your money out unless it is traded to another person or the property is sold off. In Nigeria, various property companies are operating this investment model. They build offices, and residential buildings with these trusts, and then lease the building out. The profit garnered from the rent is shared out among shareholders.

One benefit of investing in real estate through investment trusts is the absence of managerial duty. All administrative tasks are done by the company and for this, an administrative fee is gleaned from profits made with the property. That wouldn’t matter much considering that just a bit of your money is under the trust.

Obtaining Home Equity Loans

This method of investing in real estate requires you to leverage the equity of your earlier acquired property to obtain a loan for yet another property. The property might be a home or a leased apartment. To obtain a good amount of equity loan, the value of the property serving as collateral must be great. Banks and several microfinance institutions do offer this kind of loan package. The interest rate might be inconsiderate, however, you wouldn’t have to spend much of your fund for the property to be obtained.

Real estate investment is a profitable venture of purchasing, owning, managing, and selling or leasing real property. It offers steady cash flow but necessarily demands time and intensive input of finances. Most often than not, these finances are from the personal keeps of investors, and for individuals with no stacks of finance, the likelihood of real estate investment might look bleak. By applying the above real estate investment strategies, having an investment or several investments in real properties is possible with little money.

Like any kind of investment, it is recommended that decisions made should be roundly researched beforehand.


My Name is Dennis Isong and I am a Real Estate Professional. For Reading this article to this point, I have a GIFT for YOU. DOWNLOAD FOR FREE MY NEW BOOK TITLED:Bamboozled By Some Real Estate Companies “How Some Real Estate Companies Trick You Into Buying Low-Value and Over-Priced Estate And How You Can Flip The Table in Your Favour & Enjoy Risk Free Maximum Returns Anytime,Any day” CLICK HERE TO DOWNLOAD HERE IT FOR FREE https://landproperty.ng/free The information in this book will help you to pick the right kind of property and nobody can trick you to buy what you do not want. This book is very concise, it was done deliberately so you can pick it up and finish reading in few minutes.