JOE NIGERIA REAL ESTATE BLOG FOR SMART INVESTORS

Finding success in real estate requires more than simply buying low and selling high. At least 30 U.S. billionaires made their money from real estate; some say that it’s the greatest way to create real wealth and financial freedom. These six tycoons and members of The Oracles suggest how you can invest $100,000 or start with nothing. TAI LOPEZ 1. Start small Although I’m a businessman first, I’ve always been a part-time real-estate investor. You can do both, too. Have a business or career that creates positive cash flow, which you can diversify into part-time real estate investing. I’ve done it for many years. If you’ve never invested in real estate, start small and don’t use all your money. No one ever looked back and said, “My first deal was my best.” You’ve got to learn how to read the contracts, build your network of specialists—for example, lawyers and realtors—and develop a good eye for it. This only comes from experience. The beauty of real estate is that you can l...

Buying a property anywhere around the globe can be a stressful process. Nigeria is not an exception to this experience. That said, purchasing a property in Nigeria seems to be more challenging for a number of reasons. Some of the issues include fraudulent practices, quality of the property, transparency of the process, developers’ trustworthiness, delivery timeline, and the inadequacies of the present real estate regulations in the country. Issues like these make the process of buying a property more difficult for those living outside the shores of Nigeria.  As a result of these challenges, Nigerians in the diaspora have developed various strategies to help mitigate the risks of losing their hard-earned money to developers that cannot be trusted. Some have adopted the measure of trusting the property development process to family members or relatives that can be trusted. In other instances, the interested parties have had to fly down to Nigeria themselves to personally ascertai...

  Whenever the subject of property redevelopment is raised, some people restrict their definition to demolishing an old building so that a new one can be built. However, redevelopment is restructuring a current building or complex to make it fit with present market trends.  Property redevelopment can occur in different sizes. It can be small or big, or it can be about revitalizing a specific community or site. Let us run through some of the common property redevelopment types you should be aware of.  Refurbishing existing buildings An existing building can be improved upon or renovated to enhance the property’s value while tweaking the building to adjust it to present market trends.  Demolition of current buildings to erect new ones Whenever a property isn’t of any use again or does not add any value to a community’s real estate, demolishing the current building becomes a viable option. This is not just about demolishing an old building and installing a...

As a real estate enthusiast, investor or practitioner- your success or ability to thrive in the real estate industry depends on how frequently you increase your knowledge and skills. We will be deep-diving into the technical legal aspects of being a professional real estate investor. The core of our series will be on legal documents, and knowledge of contracts a practising real estate enthusiast must be aware of.   First, what is a contract? A contract is a  LEGALLY ENFORCEABLE AGREEMENT  between 2 or more parties that creates an OBLIGATION to do or not to do a particular thing. It is an exchange of promises that the law will enforce.   What are the elements of a contract?  We will take each of these elements one after the other and for today we shall focus on the first element. The first element of a contract is an  OFFER An offer is a promise to act or refrain from acting, which is made in exchange for a return promise to do the same....

*COMMERCIAL VALUE* Why are beach properties such a *RUSH*? Owning a Beachfront property comes with a lot of perks such as beautiful views, vacation spots, limited resources, relaxation spots etc. However, one other advantage and probably the most important is its *COMMERCIAL VALUE.* Wanle Akinboboye owner of La Campagne Tropicana has a net worth of almost a billion according to Forbes, with the resort being his major source of income. Not just la Campagne, but many resorts all over Nigeria generate hundreds of millions yearly. Beachfront properties are perfect tourist spots; the beautiful view makes it perfect for generating rental income. You too can tap into this immense income-generating machine by owning a piece of *MAX BEACHFRONT ELEKO* Own a piece for just *4.5M* and less than *5 years you can be smiling at the bank.* Max beachfront comes with wonderful features like 📍Good road network 📍Streetlights 📍Gardens and landscaping 📍Perimeter fencing 📍Good drainage Neighborhood ...

COMMERCIAL real estate  according to Wikipedia refers to buildings or land intended to generate a profit, either from capital gain or rental income. Commercial real estate includes office buildings, strip malls, restaurants, and any other real estate in which people conduct business. Investing in commercial real estate just like any other business decision has its risks and benefits. There is the need for expertise and careful strategizing before a well-informed decision can be reached on whether or not to purchase or lease commercial real estate. There are some basic steps to take before you purchase commercial real estate and they are outlined below: 1. Analyze the risk and benefits of purchasing commercial real estate When making the decision to purchase a commercial property, it is important to take into consideration the potential risk and benefits that a purchase may hold for your business. Some of the risks/benefits involved in investing in commercial real estate are ...