The Best Real Estate Investing Strategy In Lagos Nigeria
Best Real Estate Investing Strategy In Lagos Nigeria
What is the best real estate investing strategy in Lagos Nigeria?
That is the question I get asked the most by people seeking to invest in Lagos Nigeria.
Even if you're looking at investing in Abuja Nigeria, or anywhere else in Nigeria outside Lagos and Abuja, you will eventually have to ask that question in your own special way.
So, let's deal with the question, "what is the best real estate investing strategy in Lagos Nigeria?"
In my candid opinion . . . the best property investing strategy is a strategy that combines both long-term investing and short-term investing.
In this context, long-term property investing refers to investment property investing
. That means, investing in properties in areas far from modern developments and city life with the hope of selling off at a later time when the areas in question are opened to development.
In simple words . . . you buy dead cheap and sell higher at a later date, typical 5-15 years later depending on your strategy.
For example, one of my neighbour bought an acre of land in Agbado in 1984 when the area was just some forgotten farmland with no prospect of city life in sight anywhere soon. He bought the acre of land for 15,000 Naira (about 100 USD). That is, 2,500 Naira per plot.
Today, 17 years after, a plot of land in that area sells for 4 million Naira. And that former farm area is now a bustling neighbourhood with all the amenities of city life.
Now, do the maths yourself and see why long-term real estate investing, a.k.a. investment property buying, is profitable.
Buying Investment Property Versus Buying Rental Property
One of the disadvantage of buying investment property is that your capital gets tied down for a long period of time. Some people refer to it as non-performing capital.
In reality, investing in investment property is not strictly a case of non-performing capital because the value of the investment property in question keeps on appreciating in value
year on year even if the owner is not selling yet.
So, what is the problem?
Well, as mentioned above, it's a case of tied down capital. But it's not tied down capital in terms of non-performing capital but tied down capital in terms of non-availability of cash to spend
Since cash is king, you have to balance buying investment property with buying rental property.
Rental property generates cash on an ongoing basis from the rent paid by tenants occupying the property. This means the property owner gets the all-important fuel to power his endeavours . . . cash.
Investing in rental property has a huge advantage for the rental property investor.
Remember too that buying investment property has a way of multiplying the real estate investor's earnings over a period of time.
So, what is the best real estate investing strategy from all of the above discussion?
It's pretty obvious.
The best real estate investing strategy is a strategy that incorporates both rental property investing and investment property buying.
In simple words . . . include rental property and investment properties in your portfolio of real estate investment.
This is the winning property investing strategy.
Investment Property Options
The following investment properties are available for you to invest in.
1. 23 acres of land at Ibeju Lekki near Epe, 9km from the proposed new Lagos airport. This land has potential for high growth in value because of its proximity to the proposed airport and the new free trade zone.
Title: c of o
Price: 900,000 Naira per acre
2. 30 acres of land for sale at Owode town in Ogun state Nigeria
Title: receipt and survey
Price: 900,000 per acre
3. Acres of land for sale at Agbara Ogun state Nigeria
price: 800,000 Naira per plotClick HERE to contact us
if you're interested in buying any of the land for sale listed above.P.S:
The strategy discussed above is also applicable anywhere you decide to invest in Nigeria, not only in Lagos Nigeria.