REAL ESTATE BUSINESS
This
is another sure profit oriented Business I can talk of. The business requires
good sense and knowledge on development and locations. A friend of mine bought
an empty land for N 500,000 and after two (2) years that same land was going
for 2.5 million naira in karu L.G.A of Nasarawa State.
The
business is currently booming in Nigeria especially in Big Cities like Abuja,
Lagos, Port Harcourt, Enugu etc
Any
real investor who is ready for business without stress plus good profit can
consider real estate. Over the years I have watched my father do real estate in
a traditional way and I can assure you that it is very lucrative. The vast
majority of Nigerian are moving to urban areas to search for greener pastures,
Thereby making his business a money tippler.
Another
thing about real estate is that the opportunities it provides are enormous that
almost anyone can get into it. Even if you don’t have a dime, you can still
participate in one way or the other.
Bellow Are Different Ways You Can Participate
Depending On The Capital You Have At Hand.
As
you increase in your finance you can change category
Estate agency:
Estate agency is like an outlet where sellers met with buyers. Here estate
agents go to look for buyers of other people’s property, expecting to get a
percentage in return. with a little shop
you can start this business. Here the most important skill required of you is
your ability to sell. Their jobs is to advertise the sale of a particular
property expecting to get a cut from the sales. They also source for people to
rent properties. The requirement for this is just to get a little shop, sign
post etc. Place posters around telling people what you offer.
Land Flipping:
land flipping refers to buying properties in a lower price and selling quickly
at a higher price. Even though some people consider this as one of the smartest
investment in the industry, many veterans like Robert Kiyosaki says it is a
very poor way of doing the business.
What
you will need to do this business is just your money and a good knowledge of
developmental process in the region you intend to function. You will need to
have the ability to foresee into the future by working with past statistics and
information about a particular place.
Renting: these refers to building a houses, office complex and putting them for rent.
You will be paid either on a monthly basis or on a yearly basis. You can build
a plaza and then rent it out expecting to cover up as time goes.this is also a
smart way to invest in the long term.
Estate development:
this refers to building of large facilities like estate, shopping complex,
luxury apartment etc and then sell for profit. This one requires large amount
of money and this is where the big men in the industry are found.
So you can choose from any of the category above.
Labels: Real Estate
