How to start a real estate business in Nigeria

How to start a real estate business in Nigeria

By  rumourjuice.com

There are several types of business in Nigeria that are 100% profitable, no matter what the economic situation is, and one of them is real estate business. Did you know that most of the top Nigerian billionaires are real estate investors? That’s it, the real estate business is a real money spinner.

Now we will highlight 5 best investment opportunities in the real estate industry!

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1. Land Flipping

The thing you do is buying the plots and fast reselling it in order to get the profit and this is one of the best investments in the real estate industry, requiring no effort whatsoever.

You can make a successful start just having some knowledge and money that is enough for buying the certain plot; then, you can grow your business to acquiring dozens of plots and acres of lands and keep selling them all year round!

How to start a real estate business in Nigeria

How to start a real estate business in Nigeria

2. Open Space Leasing

This type of real estate leasing works in a simple way. You have to buy a property, located in a popular area, and then you lease it out for makeshift use.

You can lease it to companies that develop a makeshift outlet (like mechanics of car washes), and these firms are paying you monthly rent while the real estate object still appreciates for future sale. Imagine borrowing money for a person and getting paid double interest, while still getting the money back!

How to start a real estate business in Nigeria

How to start a real estate business in Nigeria

3. Real Estate Agency

This is the easiest and the most popular way to get started in the real estate business. You don't need huge investments, but you have to offer a high-quality service.

So, the formula is simple: you find the properties for sale, advertise your company’s services and help the clients and the property owners to reach a consensus. Then, you get paid a percentage on the price of the property that is rented or sold.

How to start a real estate business in Nigeria

How to start a real estate business in Nigeria

4. Property Development

The business goal is to acquire the property in popular locations, then develop it into first-class apartments or commercial premises, and then sell it at a higher price, getting the huge margin.

Spending N200 million for developing a property, you will get your guaranteed N400 million.

How to start a real estate business in Nigeria

How to start a real estate business in Nigeria

5. House & Office Rent

You build a house and then offer it for rent, so you get paid all year around for a lifetime.

Of course, you will need an advice from the top real estate experts and investors, but be sure that these investments will return.

How to start a real estate business in Nigeria

How to start a real estate business in Nigeria

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