7 Ways to Make Money from Real Estate Business in Nigeria

Are you looking for a lucrative business idea to do invest in this year? Search no further. Here are 7 ways to make money from real estate business in Nigeria. This business doesn’t take much of your time but can fetch

you much money than you can ever imagine. 

The most interesting aspect of this business is that you can invest in it with any financial capacity at your disposal.  You can start this business with zero investment capital. Real estate business can be done in part-time or in full-time basis. Do you want to know how you can do this business? I will quickly show you how to start this business with any financial capacity that you can muster.

Why Real Estate Business?

Real Estate Business is a money spinner. You cannot compare any other business with real estate business in Nigeria in terms of its profitability. Real estate business has near-zero percentage of loss for investors. Also, this business niche is too wide to saturate. This business brings back your investment capital and profits in no time unlike any other business you can do. There are so many untapped business areas in real estate business here in Nigeria.   

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The Nature of Real Estate Business and How You can do it

Real estate business niche is very large and the market is still very virgin here in Nigeria. There are so many ways you can invest in real estate and earn cool cash especially if you do it well. 

Here are few of the most profitable areas in this business you can start with:

1. Real Estate Agency or Brokerage: Real estate agency is the simplest and the easiest way you can opt in and make money in this business. Though the juicy parts of this business are taken up by professional property and estate industries, there are still areas you can fit in and make money from it. You can start a real estate agency business without a single monetary investment apart from your time. This is how it works.  Walk around and search for landed property that are to let or lease. Contact the owners and negotiate. Advertise your services as a realtor to potential clients who are interested in the property. You can secure clients on behalf of the property owner and you’ll be paid commission based on negotiated percentage on the amount of the property leased or bought. This is very simple and all you need is to be smart in it and you can grow to become a big realtor. This could be a nice business idea for you today. Real estate agents in my area earn up to 10% of the cost of the property bought or leased.

2. Real Estate Management Company: Real estate management company works just like real estate agency. The only difference is that that here you will have a registered company and the property owners will entrust their property to you for management. In this business, property managers also enjoy percentages on sells and also some stipends from the property owners. You can do this business only if you have the needed expertise. 

3. Buy and Sell Land: Do you know that land appreciates in minutes? Yes! The amount or worth of a particular parcel of land in the morning cannot be the same with the amount or worth of that same piece of land in the evening of the same day. Do this business if you have the money to invest. Simply look for land that is for sale, buy and quickly resell it for profit. This is one of the smartest ways to make money in real estate business in Nigeria with little efforts. All you need is some spare cash and your brain and you will be smiling to the bank. This business is sometimes called land flipping business. All you need is money that will cover the cost of a parcel of land, buy the said land, advertise and resell it and enjoy the profit.

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4. Space Leasing: This is another wonderful way to make money from real estate business in Nigeria. This business works in a very unique way. Just buy a property or land in a strategic location and put it on lease for makeshift use. You can lease this space to business operators or churches for temporary use. They in turn will be paying you on a monthly basis and at the same time your property appreciates should you want to adopt our number 2 idea above. Very simple business you can do. 

5. Office / House Renting (Landlording): Yes, this is simple! Just build a houses or office blocks on popular locations within the city and rent them out. You’ll be paid monthly for life. Profit margin in this business cannot be calculated.  Most people invest more in this business by building houses in different cities across the country. Their money keeps coming till eternity and they will eventually transfer these properties to their offspring. I would like to believe you already knew about this business.

6. Property Development and Construction: Property development is similar to office / house renting though on a bigger capacity. You can acquire pieces of landed properties in strategic locations, develop then into big commercial buildings, industries, luxury apartments etc. and sell or rent them out for very high costs. Profit margin in this business usually doubles the investment.    

7. Real Estate Valuation or Appraiser:  Real estate appraisal and or land valuation is yet another profitable niche in real estate business. No monetary investment is needed although your work is highly needed. Your duty will be to value a particular property to determine its worth. You’ll need to attain a certain level of expertise to do this business because it is a bit more professional.  

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Just start this business and tell us how it goes. Are you still sceptical about venturing into real estate business? If yes, ask your questions in the comments section below and I will do well to clear your doubts. Have you started this business already? Kindly share your experience.

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