Did you know that investing in real estate goes way beyond just finding a place you can call home?
The real estate industry in Nigeria has grown to become popular in just a few years. Now, it’s a common investment trend everyone wants to be a part of. But, the fact is, some people still get it wrong. You don’t want to be among those people, do you?
Well, here are ways you too can make a ton of cash from the real estate sector in Nigeria without just owning a home.
- Investing in Home Construction
Take a close look at the growth of the real estate market over the last decade in Nigeria; you will easily see that much of this growth can be attributed to limited housing inventory. As a result, there are a lot of predictions that constructing new homes will continuously blossom over the next decade or more.
So, can you see why investing in the construction aspect of the industry could be a smart move?
- Real Estate Investment Trusts (REITs)
Now, not every Nigerian knows about Real Estate Investment Trusts (REITs) which are collective investment schemes regulated by the SEC (Securities and Exchange Commission). This scheme pools capital from investors for the acquisition of revenue-generating mortgage loans, real estates, and even a mix of both.
With REITs, you don’t even need to own a physical property before investing in real estate. REITs allow you to invest while expanding your holdings depending on the class of real estate each REIT invests in.
- Land Flipping
With land flipping, you can buy a piece of land and quickly sell it for profits. Yes, it’s that easy!
All you basically need is your money and an in-depth understanding of land ownership. Plus, you also need to know the processes involved in buying and selling land. You can start small and grow from there.
With the real estate investments mentioned here, you’re only scratching the surface. There are numerous variations of real estate investments out there. But, you need to be careful and make well-informed decisions.