₦airaland Forum

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired and success achieved.” – Helen Keller

People should take failure as a badge of honor. It’s a crucible that burns things down to their essence and shows us what we’re really made from. If the path to success was clear, then everyone would be one it and success would lose all meaning.

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired and success achieved.” – Helen Keller

People should take failure as a badge of honor. It’s a crucible that burns things down to their essence and shows us what we’re really made from. If the path to success was clear, then everyone would be one it and success would lose all meaning.

“Success is not final; failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

Churchill lead Britain through one of its darkest periods. With enemies threatening to advance across the English Channel, bombing London daily, the pressure to survive was paramount. But Churchill, like any entrepreneur worth their salt, understood that failure was part of the process. One learned from their mistakes, and the greatest lesson was that there was always another day to fight on.

“Whether you think you can or whether you think you can’t, you’re right!” – Henry Ford

This statement might confuse at first, but once you get it, like a Zen koan, it makes perfect sense. What the father of automotive automation is imparting with this quote is that success is as much a mind game as it is determined by fate. With the right attitude you can do almost anything.

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired and success achieved.” – Helen Keller

“Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it.” – William Durant

“The real test is not whether you avoid this failure, because you won’t. It’s whether you let it harden or shame you into inaction, or whether you learn from it; whether you choose to persevere.” – Barack Obama

“The real test is not whether you avoid this failure, because you won’t. It’s whether you let it harden or shame you into inaction, or whether you learn from it; whether you choose to persevere.” – Barack Obama


Why Is Land Use Management Important?

Land use management helps control the allocation of land for specific uses. This ensures resources are available for future generations. It minimises the effect of economic activities and development on the environment. The best use of available resources is achievable through organised usage.



What Is Considered Land Use?

It refers to any changes or modifications to the area to allow for human settlement and economic activities.

Why Is Planning Important?

Usage planning and management reduce the negative impact of utilisation and improve optimal usage of resources. Planning enables the allocation of areas for activities and applications to meet the needs of the persons using it while protecting the resources against over-exploitation.

What Exactly Is a Land Use Management System?

It entails policies, procedures and tools to ensure the land can be utilised in the best possible way. To this end, a scheme within a larger framework can be created in which the areas are zoned for particular uses.

The usage plan and map are used for indicating the various areas within an area. It also shows the zoning for each area. This plan ensures that developments within the area take place according to the zones already in place. Where a developer wants to use an area for another purpose as for which zoned, a re-zoning application is done. If approved, the land use plan and map reflect the change. It ensures that development promotes the effective usage of resources. This should promote public social and economic well-being while minimising the effect on the available resources.

What Does Such a Plan Include?

Many aspects are catered for in the plan – among these are development and redevelopment policies and changes thereof, the creation of a framework or outline that shows the various zones, and improvement of the transportation infrastructure to accommodate the needs of the community, and to support economic activity. Many other aspects are included in the plan, best discussed with the Real Estate consultants.

What’s The Role of Planning as Far as Development Is Concerned?

The plan plays an integral role in the social, environmental and economic development of a particular community. With that in mind, careful consideration goes into the allocation of land for particular uses to meet these goals.

Planning holds several advantages:

• Protecting the environment.
• Reducing or limiting urban sprawl.
• Facilitating a structure and development area that supports public health & safety.
• Enabling compatible usage of a particular area (residential area close to a commercial area).
• Reducing and preventing land-use conflict.
• Reducing and controlling transportation costs.
Types range from residential to recreational, industrial, commercial, transportation and agricultural. Mix use areas include the utilisation of land that can work together without compromising the safety of the public.

Why Zoning Regulations Are in Place

Municipalities apply zoning to organise and control where and how development takes place within their municipal borders.

How Does the Process Help Sustainability?

It helps to improve air and water quality, create more open spaces in the urban environment, and reduce the land taken up by the uncontrolled expansion of the city borders. Without management policies and regulations in place, industrial operations would, for example, have been put right next to residential homes without consideration for how the operations would affect the social, health and economic well-being of the community. This would have the effects of air and noise pollution, an increase in traffic, and a reduction in the value of the residential property.

Effective management helps to reduce soil erosion, improve the protection of wetlands and habitats, and maintain recreational spaces. Unmanaged development would have the opposite effect and would thereby destroy the habitats and environment. In turn, this would affect the economic growth potential of an area.

How Is Land Use Determined?

Aspects such as population total and density, technology, economic activities and capital available for development play a role. In terms of the environment, factors such as available water, air quality, geographical layout, habitats, and more are considered. In addition, minerals, soil type, and topography, etc. are considered.

Culled from The practice group dot com

“Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison
The famous story about Edison and the incandescent lightbulb, which took thousands of tries to find a filament that would burn but not extinguish, is proof to the pudding of his statement. You just never know what’s around the corner until you get there.

“Imagination is everything. It is the preview of life’s coming attractions.” – Albert Einstein

This section gives us the list of the Top 20 tallest buildings in Nigeria

1 - NECOM HouseLagos

2 - Champagne Pearl TowerLagos

3 - Union Bank HeadquartersLagos

4 - World Trade Center Abuja, Tower

5 - Black Pearl TowerLagos

6 - Eko Tower II

7 - World Trade Center Abuja, Tower 1

8 - Cocoa HouseIbadan

9 - Independence House

10 - 4 Bourdillon

11- InterContinental Hotel Lagos

12 - Central Bank of Nigeria

13 - Great Nigeria House

14 - Central Bank of Nigeria

15 - Sterling Towers

16 - Stock Exchange House

17 - UBA House

18 - Eagle House

19 - NNPC Tower 4

20 - NNPC Tower 3
Culled from skyscraper dot com

"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” ~Franklin D. Roosevelt

Call Stella Ayomide on 08139956915 for further inquiry on this amazing product/offer and professional advice on Real Estate investing.

When you think about real estate investing, the first thing that probably comes to mind is your home. Of course, real estate investors have lots of other options when it comes to choosing investments, and they're not all physical properties.

Real estate has become a popular investment vehicle over the last 50 years or so. Here's a look at some of the leading options for individual investors, along with the reasons to invest.

KEY TAKEAWAYS

Real estate is considered to be its own asset class and one that should be at least a part of a well-diversified portfolio.

One of the key ways investors can make money in real estate is to become a landlord of a rental property.

Flippers try to buy undervalued real estate, fix it up, and sell it for a profit.

Real estate investment trusts (REITs) provide indirect real estate exposure without the need to own, operate, or finance properties.

Historical Prices

Real estate has long been considered a sound investment, and for good reason. Before 2007, historical housing data made it seem like prices could continue to climb indefinitely. With few exceptions, the average sale price of homes in the U.S. increased each year between 1963 and 2007—the start of the Great Recession. Home prices did take a small hit at the onset of the COVID19 pandemic in the Spring of 2020. However, as vaccines were rolled out and pandemic concerns waned, home prices accelerated to reach all-time highs by 2022.
This chart from the Federal Reserve Bank of St. Louis shows average sales prices between 1963 and Q1 2022 (the most recent data available).1 The areas that are shaded in light grey indicate U.S. recessions.


Rental Properties

If you invest in rental properties, you become a landlord—so you need to consider if you'll be comfortable in that role. As the landlord, you'll be responsible for things like paying the mortgage, property taxes, and insurance, maintaining the property, finding tenants, and dealing with any problems.
Unless you hire a property manager to handle the details, being a landlord is a hands-on investment. Depending on your situation, taking care of the property and the tenants can be a 24/7 job—and one that's not always pleasant. If you choose your properties and tenants carefully, however, you can lower the risk of having major problems.

One way landlords make money is by collecting rent. How much rent you can charge depends on where the rental is located. Still, it can be difficult to determine the best rent because if you charge too much you'll chase tenants away, and if you charge too little you'll leave money on the table. A common strategy is to charge enough rent to cover expenses until the mortgage has been paid, at which time the majority of the rent becomes profit.

The other primary way that landlords make money is through appreciation. If your property appreciates in value, you may be able to sell it at a profit (when the time comes) or borrow against the equity to make your next investment. While real estate does tend to appreciate, there are no guarantees. This is particularly true during periods of intense volatility in the real estate market, including most recently throughout the duration of the COVID-19 pandemic. During that time, median real estate prices in the U.S. have risen by an astonishing 24%.2 The dramatic growth has left many wondering whether prices are due to crash.

Flipping Houses

Like the day traders who are leagues away from buy-and-hold investors, real estate flippers are an entirely different breed from buy-and-rent landlords. Flippers buy properties with the intention of holding them for a short period—often no more than three to four months—and quickly selling them for a profit.

The are two primary approaches to flipping a property:

Repair and update: With this approach, you buy a property that you think will increase in value with certain repairs and updates. Ideally, you complete the work as quickly as possible and then sell at a price that exceeds your total investment (including the renovations).

Hold and resell: This type of flipping works differently. Instead of buying a property and fixing it up, you buy in a rapidly rising market, hold for a few months, and then sell at a profit.

With either type of flipping, you run the risk that you won't be able to unload the property at a price that will turn a profit. This can present a challenge because flippers don’t generally keep enough ready cash to pay mortgages on properties for the long term. Still, flipping can be a lucrative way to invest in real estate if it's done the right way.

REITs

A real estate investment trust (REIT) is created when a corporation (or trust) is formed to use investors’ money to purchase, operate, and sell income-producing properties. REITs are bought and sold on major exchanges, just like stocks and exchange-traded funds (ETFs).

To qualify as a REIT, the entity must pay out 90% of its taxable profits in the form of dividends to shareholders. By doing this, REITs avoid paying corporate income tax, whereas a regular company would be taxed on its profits, thus eating into the returns it could distribute to its shareholders.

Much like regular dividend-paying stocks, REITs are appropriate for investors who want regular income, though they offer the opportunity for appreciation, too. REITs invest in a variety of properties such as malls (about a quarter of all REITs specialize in these), healthcare facilities, mortgages, and office buildings. In comparison to other types of real estate investments, REITs have the benefit of being highly liquid. 

Real Estate Investment Groups

Real estate investment groups (REIGs) are sort of like small mutual funds for rental properties. If you want to own a rental property but don’t want the hassle of being a landlord, a real estate investment group may be the solution for you.

A company will buy or build a set of buildings, often apartments, then allow investors to buy them through the company, thus joining the group. A single investor can own one or multiple units of self-contained living space. But the company that operates the investment group manages all the units and takes care of maintenance, advertising, and finding tenants. In exchange for this management, the company takes a percentage of the monthly rent.

There are several versions of investment groups. In the standard version, the lease is in the investor’s name, and all of the units pool a portion of the rent to guard against occasional vacancies. This means you will receive enough to pay the mortgage even if your unit is empty.

The quality of an investment group depends entirely on the company that offers it. In theory, it is a safe way to get into real estate investment, but groups may charge the kind of high fees that haunt the mutual fund industry. As with all investments, research is key.

Real Estate Limited Partnerships

A real estate limited partnership (RELP) is similar to a real estate investment group. It is an entity formed to buy and hold a portfolio of properties, or sometimes just one property. However, RELPs exist for a finite number of years.

An experienced property manager or real estate development firm serves as the general partner. Outside investors are then sought to provide financing for the real estate project, in exchange for a share of ownership as limited partners. The partners may receive periodic distributions from income generated by the RELP’s properties, but the real payoff comes when the properties are sold—with luck, at a sizable profit—and the RELP dissolves down the road.

Real Estate Mutual Funds

Real estate mutual funds invest primarily in REITs and real estate operating companies. They provide the ability to gain diversified exposure to real estate with a relatively small amount of capital. Depending on their strategy and diversification goals, they provide investors with much broader asset selection than can be achieved through buying individual REITs.  

Like REITs, these funds are pretty liquid. Another significant advantage to retail investors is the analytical and research information provided by the fund. This can include details on acquired assets and management’s perspective on the viability and performance of specific real estate investments and as an asset class. More speculative investors can invest in a family of real estate mutual funds, tactically overweighting certain property types or regions to maximize return.

Why Invest in Real Estate?

Real estate can enhance the risk-and-return profile of an investor’s portfolio, offering competitive risk-adjusted returns. In general, the real estate market is one of low volatility, especially compared to equities and bonds.

Real estate is also attractive when compared with more traditional sources of income return. This asset class typically trades at a yield premium to U.S. Treasuries and is especially attractive in an environment where Treasury rates are low.

Diversification and Protection

Another benefit of investing in real estate is its diversification potential. Real estate has a low and, in some cases, negative, correlation with other major asset classes—meaning, when stocks are down, real estate is often up. This means the addition of real estate to a portfolio can lower its volatility and provide a higher return per unit of risk. The more direct the real estate investment, the better the hedge: Less direct, publicly traded vehicles, such as REITs, are going to reflect the overall stock market’s performance.

Because it is backed by brick and mortar, direct real estate also carries less principal-agent conflict, or the extent to which the interest of the investor is dependent on the integrity and competence of managers and debtors. Even the more indirect forms of investment carry some protection. REITs, for example, mandate that a minimum percentage of profits (90%) be paid out as dividends.
Inflation Hedging

The inflation-hedging capability of real estate stems from the positive relationship between gross domestic product (GDP) growth and demand for real estate. As economies expand, the demand for real estate drives rents higher, and this, in turn, translates into higher capital values. Therefore, real estate tends to maintain the purchasing power of capital by passing some of the inflationary pressure onto tenants and by incorporating some of the inflationary pressure, in the form of capital appreciation.

The Power of Leverage

With the exception of REITs, investing in real estate gives an investor one tool that is not available to stock market investors: leverage. Leverage means to use debt to finance a larger purchase than you have the available cash for. If you want to buy a stock, you have to pay the full value of the stock at the time you place the buy order—unless you are buying on margin. And even then, the percentage you can borrow is still much less than with real estate, thanks to that magical financing method, the mortgage.

Most conventional mortgages require a 20% down payment. However, depending on where you live, you might find a mortgage that requires as little as 5%. This means that you can control the whole property and the equity it holds by only paying a fraction of the total value. Of course, the size of your mortgage affects the amount of ownership you actually have in the property, but you control it the minute the papers are signed.

This is what emboldens real estate flippers and landlords alike. They can take out a second mortgage on their homes and put down payments on two or three other properties. Whether they rent these out so that tenants pay the mortgage, or they wait for an opportunity to sell for a profit, they control these assets, despite having only paid for a small part of the total value.

How Can I Add Real Estate to My Portfolio?

Aside from buying properties directly, ordinary investors can purchase REITs or funds that invest in REITs. REITs are pooled investments that own and/or manage properties or which own their mortgages.

Why Is Real Estate Considered to Be an Inflation Hedge?

Home prices tend to rise along with inflation. This is because homebuilders' costs rise with inflation, which must be passed on to buyers of new homes. Existing homes, too, rise with inflation though. If you hold a fixed-rate mortgage, as inflation rises, your fixed monthly payments become effectively more affordable. Moreover, if you are a landlord, you can increase the rent to keep up with inflation.

Why Are Home Prices Impacted by Interest Rates?

Because real estate is such a large and costly asset, loans must often be taken out to finance their purchase. Because of this, interest rate hikes make mortgage payments more costly for new loans (or on existing adjustable-rate loans like ARMs). This can discourage buyers, who must factor in the cost to carry the property month-to-month.

The Bottom Line

Real estate can be a sound investment, and one that has the potential to provide a steady income and build wealth. Still, one drawback of investing in real estate is illiquidity: the relative difficulty in converting an asset into cash and cash into an asset.
Unlike a stock or bond transaction, which can be completed in seconds, a real estate transaction can take months to close. Even with the help of a broker, simply finding the right counterparty can be a few weeks of work. Of course, REITs and real estate mutual funds offer better liquidity and market pricing. But they come at the price of higher volatility and lower diversification benefits, as they have a much higher correlation to the overall stock market than direct real estate investments.

As with any investment, keep your expectations realistic, and be sure to do your homework and research before making any decisions.

Culled from Investopedia

"Invest in yourself or no one will"- Anonymous

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"If you want to be truly successful, invest in yourself to get the knowledge you need to find your unique factor. When you find it , focus on it and preserve, your success will blossom". Anonymous

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" To become a successful business owner/ investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the process". Anonymous

Real estate investment in Nigeria is one of the riskiest forms of investment; especially in Lagos state. A minor mistake can lead to you losing your hard-earned money – possibly your life savings. But fret not, there are some procedures you can follow to protect yourself from being a victim of land scams. Guess what?

I’m going to share these procedures with you in this article to guide you through your investment. If you follow these procedures I am about to reveal to you judiciously, I can guarantee that you won’t fall victim to land scammers. Matter of fact, with this strategy, you will detect land with problems. I know this because these are the same strategies we use in our company and it has been working very well.

When I hear stories of how would be real estate investors were swindled by real estate fraudsters, one thing is common among all the stories – Lack of proper research.

Conducting thorough research on who you are investing with is very important. In fact, it is the first thing you should do. Because proper research will reveal a lot of secrets about the real estate company/family you are buying property from and with this knowledge, you can make a better decision.

With that said, Let’s take a look at what a real estate scam is.

What is a real estate scam?
Real estate scam, is a type of scam where the scammer claims ownership of a property in order to con their victims out of their money, they sometimes proceed to sell out the same property to multiple people, leaving them in confusion as to who legally owns the property.

Although these scammers come up with new techniques to swindle investors, there are ways you can protect yourself from falling victim, And I will reveal them to you in this article. So if you are ready, let’s dive in…

TIPS TO HELP YOU AVOID REAL ESTATE SCAMS

1. Don’t rush the buying/renting process

One of the common tactics scammers use is trying to speed up the buying process. Most of these real estate fraudsters have mastered this strategy to the extent it works like magic on their victims. And they do this by persuading you to make a down payment which serves as commitment. And when you do this, Most times, they come up with different stories & tactics to con more money from You and by this time, backing out of the deal becomes a problem because you have already committed yourself by making down payment.

So when embarking on a real estate investment journey, Do not rush the buying/renting process no matter how good the deal is. Step on the brakes of excitement and objectively analyze the deal if it seems too good to be true then it is advisable to step back from such transactions. It is better to be safe than sorry.



2. Verify the person you’re working within the real estate transaction

As stated earlier, it is very important you verify the person/company you’re doing real estate transactions with. Because there are a lot of persons/companies who portray themselves as real estate experts but are scammers. So you need to verify which of them are genuine and which is fake.

Fortunately, the internet has made this easier than ever before. All you need do is do a Google search on the person/company, visit their social media platforms to check their reviews. You can also go to forums like nairaland to ask questions and I am so certain you will get feedback – positive or negative.

After these, you can now decide if you want to go ahead with the deal or not. However, If you decide to proceed to make a payment,

3. Avoid Paying Cash

If the homeowner or agent is asking you to pay in cash then you should tread carefully of that real estate transaction. Because when you make a cash payment, The money is not traceable unlike paying in a bank instead you insist on writing checks or paying at the bank as this means of payment does not leave you hanging dry if the transaction goes wrong.

The advantage of paying at the bank is that you would have your teller which carries the name of the seller and the amount paid. This will serve as evidence should any problem come up in the future.

4. Use a reliable source in your search for properties

This is very important; especially when you are starting out as an investor. The best decision you can make as an investor is to invest with a reliable company/person. And you will get to know a reliable source if you carry out your due diligence – proper research. Check for their track records. As a real estate company, We have done real estate transactions with many clients both in and outside Nigeria. We offer quality, genuine, and customer satisfactory service across our product line. We also ensure full-fledged after-sales service support to our customers, backing them even in their smallest of needs.



5. Never skip inspections

A major red flag for any real estate transaction is when the property owner or agent is trying to discourage you from inspecting the house. If there is nothing suspicious to hide then inspection is not negotiable. Insist on inspection and if not granted by the property owner or agent then it is advisable to terminate the real estate transaction immediately.

Conclusion
Although the probability of being scammed by land scammers in Lagos state is quite high, It is avoidable if you carry due diligence and follow the guidelines stated in this article.

Culled from bethel relators dot com.

"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” ~Franklin D. Roosevelt

Location: Eden Waters Phase 2 is located along Igbogun road, in Ode-omi community, Ibeju-Lekki. It's a few minutes away from Lacampagne Tropicana Beach Resort and the coastal road, upon which the Dangote Refineries and the Lekki Free Trade Zone are situated. Eden Waters Phase 2 is a great deal that should not elude any prospective home owner and wise investor.

Eden Waters Estate Phase 2 offers great opportunity to smart investors who are desirous of acquiring genuine and affordable land with peace of mind.

Investing in this estate comes with a greatly guaranteed return on investment due to the mega, Government and private projects ongoing and upcoming in this area. The surrounding projects will inevitably multiply the appreciation rate of every form of Real Estate in this axis of Lagos. The estate totally is secure and with no encumberance at all. This promo offer is currently a choice and hot deal. Limited plots are available and the offer is on a first-come-first-serve-basis.

NEIGHBORHOOD AND INVESTMENT ATTRACTIONS:
*The New Shop Rite.
*The New International Airport.
*The Lekki Free Trade Zone.
*The Lekki Deep Sea Port.
*The Dangote Deep Sea Port.
*The Dangote Refinery.
*The Pan Atlantic University.
*The Computer Village Permanent Site.
*The Lagos Business School.
*Two Golf Courses.
*The International Market District.e.t.c.

EDEN WATERS PHASE 2 is located on perfectly dry land and the estate provides the appropriate blend for all aspects of interactive human activities which includes residential, commercial, educational, institutional, and recreational.
It is designed to satisfy the desire of the middle-class who loves aesthetics and splendor.

Call Stella Ayomide on 08139956915 for further inquiry on this amazing product/offer and professional advice on Real Estate investing.

. “Wise spending is part of wise investing. And it’s never too late to start.” Rhonda Katz

"The best time to buy a house is always five years ago" - Ray Brown

"Most people think buying is investing, but they're wrong, it doesn't make you an investor any more than buying groceries makes you a chef" - Gary Keller


Selling high after buying low has been the recommended tip for achieving success in real estate. Though this age-held secret is true, it is not the way to make it big in the world of real estate. The real estate industry is known to have produced many multi-billionaires.

…Hence, being acclaimed as one of the easiest ways to make money and create wealth.

The real estate industry can be your way towards making a real fortune for yourself. We shall be looking at seven secrets on how you can easily turn the real estate market to your real fortune, with little or no money.



1.BEGIN ON A SMALL SCALE.
Many individuals enter the real estate industry as full-time real estate businessmen or as part-time real estate dealers combining it with other businesses.

I am a part-time real estate investor with interests in other business concerns.

….You can also do likewise.

All you have to do is to have and maintain a business or job that brings regular cash flow for you and you diversify some of your income into real estate investment on a part-time basis. Many individuals have practiced this and became successful in it.

If you are considering investing in real estate or you are a newcomer to real estate, it is always advisable to start on a small scale.

Begin on a small scale by using some of your money…..

Do not use all your money so as not to get your fingers burnt.

As you start small, you begin to grow big as you learn daily on how to maximize profits and take advantage of deals.

No one in real estate has ever had his first deal as being the best….

You have to learn daily on new things from building networks, reading the lines of contracts and developing a good eye for great deals. All these can be brought about through experience.

One of the beauties of real estate investment is that you can learn all that needs to be discovered as you start small.

Just advantage of cheap properties around you such as single-unit homes, multiple-unit homes, or small business properties, renovate them and flip them for sale at increased prices. Get yourself committed into this.


2.THINK BIG
Anyone, especially the newcomers can easily give up on real estate investment as a result of lack of funds.

But the truth is that what matters in any real estate investment is the deal and not the budget…..It is therefore advisable that you pursue the deal and ensure you get it irrespective of how much you have.

I know of someone who had $500,000 and was chasing a deal worth $2,000,000…

It is obvious the person can’t get it, but he chased it and got it sealed…….Hence, it is important that you have a plan of growing big from the start. Do not go for anything less.

Dedicate your time and attention to real estate so that you can reap big from it.


3.LEARN FIRST AND THEN EARN
Education is very important….

In becoming a successful real estate investor, the importance of education cannot be over-emphasised. Nothing can take the place of right knowledge and information in the world of real estate. It is therefore important that you get yourself educated.

Before you think of investing in real estate, go for the right education and knowledge.

As important as education is in real estate industry, do not spend so much money on seminars, workshops and coaches. Do not be misled with the common notion that you should go for an expensive education.

Information is available, plentiful and inexpensive. So, why spend more than necessary on the right education? Find it online as it is readily available there or seek the expertise, knowledge and experience of someone who has been successful in real estate.

You need to understand that holding on to assets is a fundamental way of creating wealth for yourself in real estate, as the shelter is an underlying universal need.

By having a rental, you are in control of a business that will steadily bring income for you.

Many young individuals want apartments close to the cities….

It is therefore advisable that you buy houses in your cities. It is also good that you do not inflate your budget.

Majority of the projects you will embark on have surprises. See this as part of the real estate business. Expect the unexpected and lower your funds for increased returns and reduced risks.

As a beginner, it is wise you begin with one project at a time. Devise your model, modify it, and keep buying ass the opportunities avail themselves. Continue with this system until you build a portfolio for yourself.

The tip is making a success out of your real estate business is that you educate yourself… Get yourself actively involved in the industry;

Create values for clients and prospects….

Cultivate the habit of taking positive, determined actions on a daily basis towards the achievement of your set goals.

Go for meet-ups, seminars, network and learn from others. When you are ready, and it’s time to take decisive action on deals, act immediately.


4.START NOW
There is no place for procrastination in the world of real estate….

As a smart real estate investor, you have to be quick in taking action. You act immediately on prospective good deals. In making a veritable fortune from real estate, I have personally used three strategies that have helped all along.

I will share them with you….

Buy properties at low rates: Costs of properties can be low sometimes while demands are always consistent. When you buy properties and rent out, you create for yourself a passive income annually with returns of 10% on the worth. If you continue buying two or three cheap properties on a yearly basis, you will end up having 20 to 30 in 10 years’ time.
Flip up: All you need do is to purchase a house that requires a little renovation at a great deal, live in it for a short time and then flip it at an increased value for sale. When you do this consistently for a space of ten years, you will generate for yourself a significant amount of money, to the tune of $150,000,000 net profits. You can then decide to buy your own house readily or re-invest in properties for rental purpose.
Go for joint venture when necessary: You can make a joint venture deal with someone who has the money but lacks the eye to spot an opportunity in real estate. Look for a juicy deal and seal the contractual agreement while leaving the financial approval to be done a frame of 30 days. Then get an investor to partner with and split the revenue into agreed p[percentage. You can easily get a joint venture partner but ensure you get the right one.


5.PROFIT COMES IN THE DEAL
The earnings in real estate only come in deals….

Strike good deals quickly after you must have done your thorough investigation, assessment monitoring.

When you take a short time to seize on potential real estate deals, you not only position yourself to get maximum profits, but you also bring to minimum possible risks and the initial amount of money invested.

Before going ahead to seal a deal, ensure that you have solidified your team of advisors.

Once you have done all necessary things according to your plan, go ahead to pull the trigger immediately….

In maximizing profits, ensure you have an exit strategy so that when the winds are against you, there won’t be much to lose in your investments.

It is essential you know the distinction between buying, selling and trading…

Your success in real estate market is not solely hinged on your buying of properties but on what you do with the property. The recommended strategy is to hold on to commercial real estate property for a very long period while you trade on small residential properties via rentals.


6.HAVE A STRONG UNDERSTANDING OF THE ECONOMICS AND DYNAMICS OF REAL ESTATE.
The real estate market is one filled with mixtures. There are good and bad deals. Deals that seem to look good and worthy of investment are the most common and easy ones.

Such deals as getting a property and letting out for rentals to tenants are easy to come by but give the lowest returns on investment. You can easily find the most lucrative deals and opportunities in real estate.

They are the ones you can spot and create….

There is no better time to flip houses than now as there are low-interest rate and high level of consumer confidence.



7.GO FOR A MENTOR
We cannot over-flog the place of a mentor in real estate business as they play a great role in your attainment of success.

Mentors are there to teach, guide and lead you in the way towards making maximum profits in real estate. Having a good mentor in real estate business is an excellent way to go.

……Do not under look this strategy as it determines to a large extent the outcomes of your investment in real estate.

The real estate market is one with great levels of fulfillment and pitfalls….

To avoid being a victim of the misfortunes in real estate, go for the services of a mentor…..

Getting educated through researches, books, and articles will help, but they can’t take the place of a mentor as they will only provide little and limited assistance.

Times will come when you are in the heat of a good deal, and then a mentor will be your only help.

……The importance of mentors in your real estate business is invaluable.

" Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other form of monopoly" - Winston Churchill

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"The wise young man or wage earner of today invests his money in real estate" - Andrew Carnegie

" It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong" - George Soros

"Risk comes from not knowing what you're doing" - Warren Buffett

There are various land documents in Nigeria affecting the transfer of land ownership and legal interest in a property. A prospective buyer of land must be acquainted with appropriate land documents relevant to the property to be purchased. All documents are not mandatory or relevant to a single property, an appropriate document for any proposed property transaction will be determined by the nature or circumstances of the property to be purchased. Below, I will briefly explain some of the relevant documents for land or property transaction in Nigeria.

LAND PURCHASE RECEIPT
A land purchase receipt is a normal receipt or document reflecting the receipt of payment for a particular property or land. Usually, vendors issue a receipt to the buyer upon the sale of a property. However, the receipt may be obviated where the clause for receipt is contained in the document transferring the land.

CONTRACT OF SALE OF LAND
The contract of sale of land is used by parties to agree on some terms before the finalization of the transaction. It is relevant when any property is to be purchased by anyone. It is not a registrable instrument and must be preceded with other document transferring title in the applicable property.

SURVEY PLAN
A survey plan is used to show the location and size of landed property. With the descriptions and coordinates on the survey document, it is easier to check or search from the office of the Surveyor-General whether the land is actually under any government acquisition or not.

DEED OF ASSIGNMENT
Deed of Assignment or Deed of Conveyance is used in sales transactions to permanently transfer a landed property from the seller (also known as assignor) to the buyer (also refers to as assignee). It may be drafted by the assignor and reviewed by the assignee or vice versa.

CERTIFICATE OF OCCUPANCY (C of O)
C of O is usually issued by the state government, indicating that a person owns a parcel of land or property. It is issued to individuals that have held a piece of land before 1979. State governments also give it to the allottees of the government's land. An Individual who subsequently takes over land by way of sale does not require a new certificate of occupancy but rather a deed of assignment with the governor's consent.

DEED OF MORTGAGE
Deed of mortgage is actually used in mortgage transactions to show that land or property has been transferred from the mortgagor (borrower) to the mortgagee (lender). It is a temporary transfer in the sense that the mortgagor shall be entitled to retrieve this property back from the lender when the total loan amount, together with the accrued interest, has been paid.

DEED OF GIFT
It is a document that proves that land or property has been gifted from one person (Donor) to another (Donee). A deed of gift can be used to transfer interest in a landed property permanently.

GRANT OF PROBATE
A grant of probate is a document derived after proving the will of a deceased person through inheritance in the probate registry. The document vests all the assets contained in the will into the executors of the estate, who are now recognized legal owners of the property in law. After the owner of any property has become late, all the property's documents of such person are no longer valid to transfer any interest in the assets left behind by him or her. The Probate will now be the only recognized legal documents to prove the title to such property.

LETTER OF ADMINISTRATION
The letter of administration also vests the property left behind by a deceased person into the administrators of a specific estate. It is usually granted to the personal representatives of a deceased person where the deceased left no will before death or where the will has become invalid for any reason.
ASSENT
Assent is a legal document used to vest an interest in a specific estate into the beneficiaries of an estate or any third-party buyer by the executors or the administrators of the estate. It is always accompanied by a copy of a grant of probate or letter of administration.

JUDGEMENT OF COURT
The judgment of a court is another essential document which may affect or transfer an interest in a specific property from one person to another. In Nigeria, the legal interests in several properties have been transferred from one person to another through the decisions of various courts. When property ownership has been derived through litigation or any property has been subjected to a lawsuit, it is essential to examine the full decision of the court in respect of such property by obtaining a copy of the judgement.

In sum, buying real estate in Nigeria is a delicate process that requires the services of an experienced real estate lawyer. The titles of some property documents are so complicated, and a lawyer may be required to conduct due diligence in respect of such property. Furthermore, lawyers are required to prepare and review all the necessary documents. Under Nigerian law, no interest can be transferred in real estate without appropriate documentation.

Culled from lexologydotcom

"Wealthy people invest first and spend what's left and broke people spend first and invest what's left". Anonymous

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