HOW TO MAKE REAL ESTATE INVESTMENT

Real Estate investment is one of the easiest and fastest way that you can create steady income for yourself.

It gives you countless opportunities to build wealth and gain financial support.

Before you delve into real estate, it is pertinent to note that you must undergo a thorough research.

In this article, i’ll shed light on how real estate investment works and the different methods to invest in real estate.

HOW REAL ESTATE INVESTMENT WORKS

Real estate investment is an economic strategy which involves management, ownership , rentals , sales and purchase of property.

It solely relies on some economic facto樂威壯
rs such as increment in values, profit etc.

There are several types of property investment. You are to decide if it’s a short or long-term investment.

Investing for short-term refers to buying a property and selling it quickly.

While long-term includes purchasing a property over a long period of time and gaining from the rent and value.

DIFFERENT REAL ESTATE INVESTMENT METHODS

Despite the country’s present economic crises, real estate continues to grow rapidly in Nigeria and people are making millions from it.

The common methods to invest in real estate are listed below;

INVESTING IN RENTAL PROPERTIES

This method is considered as an old practice of investment.

Investing in rental property can be very lucrative. It provides regular income and increase in value of property.

Here, you buy a property and rent it out to tenant.

Meanwhile, as the owner of the house, you are responsible for maintaining the property and also managing the tenants.

In cases where managing the property or tenants gets tedious, you can hire real estate professionals @qptserviceslimited.

REAL ESTATE INVESTMENT TRUST (REITs)

Although, people might not be familiar with this method but they are regulated investment schemes.

Real Estate Investment Trust (REITs) is a collective investments scheme controller by the Securities and Exchange Commission (SEC).

These groups 威而鋼
manages the property on behalf of the investor. Their duties includes, interviewing potential clients, advertising vacancies etc.

In addition, (REITs) provide moderate liquid assets for sales.

PROPERTY DEVELOPMENT

Property Development is a capital intensive investment.

It involves acquiring properties in nice places, redeveloping into luxury mansions or commercial building and selling on a high profit.

For instance, if you spend N500 Million developing a house, you can sell it for at least N700 Million.

For property development, it’s imperative to know that a good location is a critical factor to be considered.

HOUSE/LAND FLIPPING

This process requires a comprehensive marketing, renovation and real estate knowledge.

Depending on your capital, you can start by buying a plot of land and selling.

Then, grow into buying ten plots and acres of land  and selling all round.

For best results on house flipping, you must have enough capital to supervise repairs.

THINGS TO DO BEFORE MAKING REAL ESTATE INVESTMENT

  1. Do your research.
  2. Choose your property sector.
  3. Identify your real estate market
  4. Know your budget.
  5. Know the law.
  6. Get your facts right.
  7. Leverage on Online Marketing.

 

 

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