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How To Build Wealth In Real Estate As a Beginner In Nigeria

You are new to the Nigerian real estate market. You want to invest in the
real estate market. But then you remember an adage: “Only a fool tests
the depth of water with both feet.”

In this article, you will discover the best ways for a beginner to invest in
real estate in Nigeria. This guide will help you avoid losing money, even
as a newbie investor in real estate.

See also 5 mistakes beginner investors must avoid to succeed in Nigeria


Most Profitable Ways To Invest In Real Estate Even If You Are A

Real Estate Investment Trusts (REITs): Most Nigerians are not aware of
the existence of Real Estate Investment Trusts (REITs). REITs are a
collective investment scheme regulated by the Securities and Exchange
Commission (SEC). This scheme is designed to gather investment capital
from investors. This capital is then used to acquire mortgage loans or
income-producing real estate. In some cases, the capital is used to
acquire a combination of the former and the latter. As a beginner investor
in the real estate space in the country, REITs are ideal for you. You can
also join Real Estate Investment Groups if you want to own properties
without facing the stress of managing them. As a beginner investor in
REITs, you can own several units of apartments, and the investment
group will help you manage the properties. The investment group will
advertise, maintain, and interview tenants on the investor’s behalf. The
management takes a small percentage of the monthly rent in exchange
for its services.

Flipping Land/House: Have you heard of distress sales in real estate?
When the owner of a property is in distress and wants to sell his property,
he may be willing to sell the property below market price. This is where
a newbie investor can cash out by flipping. All you need is a substantial
amount of money to buy the property at a small amount and then sell it
off at a higher price. You need a good knowledge of land ownership and
the buying and selling process for you to succeed as a beginner in the real
estate industry.

Rental Properties: You can invest in the real estate industry in Nigeria as
a beginner via rental properties. You can purchase or build a property and
rent it out to tenants. You can get residential and commercial rental
properties. Commercial rental properties include properties that
generate income from business activities, office buildings, and retail
spaces. You can build huge wealth if you are patient enough to manage
tenants. Rental property is a way for newbie investors to generate passive
income and build wealth in the long run.

Real Estate Crowdfunding: Crowdfunding in real estate occurs when
investors pool their funds together to invest in a particular real estate
project. As a beginner in the real estate industry, this is an opportunity
for you to learn from other experienced investors. Even if you have just a
small capital to invest with as a beginner, crowdfunding offers you the
opportunity to pool resources together with other investors.

Buy And Hold Strategy: You can invest in the real estate industry using
the buy and hold strategy. What does this involve? You buy a property,
keep it for some years, and sell it off after the property has appreciated.
You can use the buy-and-hold strategy for rental properties. This way, you
can generate passive income every month and every year. Buy and hold
is a great way for newbie investors to milk the real estate industry in

Factors To Consider Before Investing In Real Estate in Nigeria

Familiarize Yourself with Different Types of Real Estate Properties You
Can Invest In As a beginner in the real estate industry in Nigeria, the
importance of familiarizing yourself with different types of properties in
the industry cannot be overemphasized. There are two ways you can be
a real estate investor in Nigeria: either you buy land to build a house from
scratch or you buy an existing home. You can buy single-family homes,
duplexes, triplexes, and even fourplexes. All of the above are profitable.
Allow sufficient time for you to grow from a newbie to an expert.
Remember “Rome was not built in a day”. Start small and grow gradually.
Don’t forget that the bigger the house, the more time and resources it
would require to manage them.
What Are The Factors That Impact Value? In real estate investment,
location is key. As a newbie investor, you don’t want to invest in just any
location. You need to understand that what increases the value of a
property are the properties that surround it. So, don’t just buy a property
in any location. You need to buy a property in a location where there are
other big investments. This increases the value proposition of the
property. For example, a property close to a tarred road will be more
valuable than a property on a road that is not tarred or far from a tarred
Who Is Your Realtor? To get the best possible advice in real estate
investment, you need the services of an experienced and professional
realtor. Mishael Abilogun, the CEO of realturr.com, is a professional
realtor who has helped many beginners like you make the best
investment decisions. You can check him out on Facebook, Instagram,
and LinkedIn.

Getting the help of a professional realtor in Nigeria is key to cracking the
code in the real estate industry in Nigeria. Once that is done, the next
step is to research and find properties that will yield huge returns on
investment (ROI). We wish you the best as you begin your journey into
the low-risk, high-reward Nigerian real estate market.

See also 5 mistakes beginner investors must avoid to succeed in Nigeria