4 Ways You Can Start Real Estate Investment with Little or No Cash in Nigeria.
There’s no one you meet on this planet earth, especially in Nigeria that won’t want to buy land and build a house. Everybody is aiming for that achievement.
But with the way Nigeria has been structured some people believe that you must have a lot of millions in your account before you can even think of buying land in Nigeria or start real estate investment in Nigeria.
While this myth is true and also false, there are many ways you can start a real estate investment with little or no cash in Nigeria
The four ways here are what I have seen worked out for many real estate investors and companies and even till now and till eternity it is still a strategy that will still work.
I am not disputing any other methods, steps or strategies, or ways you can Start Real Estate Investment with Little or No Cash in Nigeria. You can even click How to Invest in Real Estate in Nigeria with Little Money.
If you know other ways you can share in the comment section below.
You can watch from my blog: https://youtu.be/TBnJc-35aDc
4 Ways You Can Start Real Estate Investment with Little or No Cash in Nigeria
1. Forming Partnerships to Invest in Real Estate with Little Money
Real estate partnerships are common for investing in real estate with little or no money. If you want to invest in a property or start a real estate investment in Nigeria but the price tag is out of range, then an equity partnership may be what you need. An equity partner is an individual whom you bring into a transaction, to help finance a property. There are different ways that partnerships may be structured, and thus it is up to the buyer and the partner to agree on a more viable structure.
2. Option to Buy
Sometimes referred to as a “lease-option,” this method allows investors to acquire properties without initially taking legal ownership. However, the investor will sign a legal “option to buy” from the homeowner at a specific price in the future. In return, the investor rents the property out on a long-term basis with an agreement in place to purchase the property at a later date for a previously set amount.
3. Partnering or Becoming a Real Estate Consultant
What this means is that you get to sell the products/estates this real estate company is selling and earn commission from selling that product but this is depending on the commission attached to the products or estate. You can partner with many real estate companies, but make sure they are reputable ones that can work with your vision of investing in real estate.
So, from this strategy, you can use your earn commission to start a real estate investment in a cheap place.
4. Using the OPM
These work on any business transaction. In the real estate sector, what you do is spot an acre of land in a particular area, negotiate with the seller, fix a price to pay for that land and the next thing is to source for funds to pay the seller.
The means of sourcing for funds is using the OPM strategy.
Now you must have eligible people around you who are ready to support you in financing this project and to quickly buy that land from the seller. But thorough due diligence must be done.
You must be an excellent negotiator to try this OPM strategy.
And that’s it! If you have any other ways to Start Real Estate Investment with Little or No Cash in Nigeria you can share in the comment box below.
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Adeyeye IfeOluwa is the owner of LandSprout.Com, a Web Design & Developer, Digital marketer, Real Estate Consultant, and Content developer.
Landsprout.com came with a passion to help you achieve wealth in real estate investment and solve the hassle within it.
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