#Propertyforall
Here are
some of the areas you can invest and make your own money without tears. As you
grow in the business, you can expand your portfolio or start big straight away.
In this article, I will only deal with real estate categories that are peculiar
to Nigeria, especially for beginner real estate entrepreneur.
1. Land
Flipping – This
means buying of land and quickly reselling it for profit. This is one of the
smartest investments in the industry and requires no effort whatsoever. Just
your money and knowledge and you are good to go. You will need substantial
amount if you want to make hundreds of millions but you can start small by
buying just one plot and grow to buying tens of plots and acres of lands and
keep selling all year round.
2. Open
Space Leasing – This
works in a simple and unique way. Buy a property in a good location and lease
it out for makeshift use. You can lease it to churches or business that wants
to develop a makeshift outlet such as car wash and mechanics. They will be
paying you monthly rentage while the property still appreciates for future
sell. It is like borrowing money for someone, get paid double interest and
still get your money back.
3. Real Estate Agency – This one is the simplest and easiest of them all. It is called service rendering. How does it work? Go round and look for properties to let and for sale, advertise your service and help secure clients for the property owners, you will be paid percentage as commission base on the amount the property is sold or rented. You can start, grow and become a giant realtor.
4. Property
Development – This
is where the big guys in the industry are doing their stuffs. They acquire
properties in nice locations, develop it into luxury apartments, commercial
structures, etc and sell at a very high profit margin.
5. House/Office
Rent – Build
a house and put it up for rent, get paid all year for a life time. That is
exactly how this work but there is much more to that than I just stated.
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