"own What You Rent And Rent Where You Live"
They say knowledge is power. And any real estate investor who wants to become successful must be knowledgeable. Real estate is a dynamic industry that keeps on changing; hence, it is important to keep updating yourself. Assumption is wrong,
By: THE SAGE HOMES
If there is any business in Nigeria that is truly lucrative and extremely profitable, it has to be Real Estate business in Nigeria. Most of the top billionaires in Nigeria are real estate investors irrespective of the economic downturn; it can be seen as a real money spinner.
The only investment that comes close in profitability and sometimes beats Lagos property investing in certain instances is stocks investing.
Although the real estate market has plenty of opportunities for making huge profits and is more stable than stock investment, buying and owning real estate is a lot more complicated than investing in stocks.
Business people Invest in real estate as assets to make money, and that is the reason while they don't rush in acquiring or developing properties they will live in, rather they build for the purpose of Income, and until they have enough income coming in from their real estate Investments they won't stop.
Don't conclude in your mind that it is a business only for the rich, you may be right but at the same time wrong hence believing in opinion which is not factual, because facts demand you know it by yourself not what you hear others talk.
Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development.
Many real estate millionaires you see today once started with zero capital, but knowledge set them apart. Today, they have intimidating status that scared many who have little knowledge about real estate Investment.
Ask necessary questions, do research, attend seminars or call for real estate presentation to know what it takes to Invest in real estate with your budget.
By being knowledgeable in the industry you can end of "owing what you rent and rent where you live".