How To Choose The Right Real Estate Investment Strategy in Nigeria
Rentals: Rentals are one of the safest and most steady sources of income from Real Estate. In Rentals, you buy a property to put on the market for monthly or yearly rental. It has a lot of upsides like; regular cash flow, asset appreciation, collateral for loans, and property that can be sold afterwards for a profit. The downside is that just like in many numerous Lekki and Banana island apartments, you may experience non-subscription of your apartment for long periods. A company like First World Communities handles rentals in a prime place like Abijo and a 3-bedroom flat there goes for NGN1.2m per year with a property worth 25m. Dangote has taken out a lease for over 50 units and you can make a guaranteed rental income of NGN800,000 per annum by buying these properties as a rental investment. Flipping Also referred to as land/property banking — you purchase a property to sell in the quickest time possible for profit. A company that works well with this strategy is Gr...