5 Misconceptions About Real Estate Investments In Nigeria

You may have heard some of these, all years long. Some of us are programmed to believe some of them. They are what they are: misconceptions that limit us from taking positive actions today in real estate investment

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1. Real Estate Is For The Rich Only

No. Real estate is for everyone. Whether you want to invest in real estate or go into the business of real estate, the opportunities are open and right in front of you.

For investors, you can start with cheap land at suburbs of a growing location. You can start real estate business with zero capital. Ask me how
2. Never Buy And Because You Will Be Scammed

It’s like saying: never drive a car because you will have an accident. Yet there are cars moving about and houses all over. Yes, there are few accidents & land scams but it shouldn’t stop you. Work with a Realtor & do your due diligence.

3. You Buy Land When You Are Ready

Yeah, I get all the need to plan but when do we have free funds with no competing needs?
It likely that when you are ready, the value is gone up and you have to get ready again. You will get nothing done waiting for the perfect time. There is no perfect time, it’s 1 to 12 o’clock.

4. Don’t Buy More Land, You Have Some Already

Like seriously, if you have land, congrats. Now, all you need to do now is buy more land.
It has proved to consistently increase in value at the right locations. It is a sure way to build wealth that can be passed down the next generations.

5. The Land Is Too far And It Is “Bush”

Well, Victoria Island, Lekki Phase 1, Lagos were bush. Banana Island was waterlogged. That was yesterday. Today, they are worth millions of naira.

Fact is that History repeats itself; in real estate, it’s faster.
If the location has a high projected human influx, distance is swallowed by value appreciation & development.
There you have them. 5 misconceptions to keep you from owning “Your Own Piece of Earth”. Thank you for reading.

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