Tag - finance

1
How To Make ₦10M Per Deal In Real Estate Business In Nigeria
2
Benefits of Buying a Home Through a Real Estate Agent
3
Thinking of Getting a Mortgage In Nigeria? Important Things You Should Know
4
Types of Mortgage Loans

How To Make ₦10M Per Deal In Real Estate Business In Nigeria

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. The business is a money spinner to the highest level. Real Estate is currently booming in Nigeria and people are making millions in it. Today, we want to take a closer look at the business and see how you can invest in this sector of the economy (irrespective of how much you have) and make serious profit.

One thing very good about real estate business in Nigeria is that the investment opportunity is so diverse that there seem to be something for everyone. Anyone who wish to invest can invest whether he has thousands or billions of naira, you can even invest without a dime in your pocket. Let us see how it works.

Profit Potential in Real Estate Business

Before we proceed, we want to look at the profit potential in real estate business in Nigeria. I bought a plot of land in Ikorodu area of Lagos State in 2011 where I had wanted to develop for small hotel. I paid ₦500,000 for the land excluding some minor egunje to the boys.

In 2013, I changed my mind and decided to sell it. When I asked the estate agents how much property was going in that area, they told me the current price as at then was two million naira. And that my own which is very close to the main road will go for between 2.5 to 3 million naira. If I had bought five plots that was offered to me for 2.5 million then, I would have made ₦10,000,000 from that single transaction!

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Benefits of Buying a Home Through a Real Estate Agent

When it reaches a time to own a home either through cash buying or a loan, it is prudent to consider using a real estate agent. It will avoid making a mistake that many people make and pay for it heavily. Today, there are numerous agents who can help you buy a home fast and conveniently. Hutbay is one such agency, and they have helped many people get their dream home. Choosing to use this method has the following benefits.
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Thinking of Getting a Mortgage In Nigeria? Important Things You Should Know

Housing delivery system in Nigeria is a combination of many interrelated components which include land, infrastructure, building materials, policies, building regulations and more importantly the finance component. Finance in housing delivery is very important because of the huge financial requirement for housing production. Many researches have been conducted along this line by scholars in the building industry and suggestions were made on the need to strengthen the cooperative housing system in Nigeria in order to ameliorate problem of housing finance. Read More

Types of Mortgage Loans

A loan, as we know are funds that organizations such as banks, lend to businesses/ individuals for different reasons. Applying for a loan means using Other People’s Money which is a very big deal in the world of financing. Getting a loan differs with every organization, there are however some processes you have to go through before you are deemed fit enough to be given that loan.

It is vital to prove that you are an upstanding citizen, honest and of high integrity. A dishonest person will often not be granted a loan.
Banks are in the business of giving loans and the more they loan to honest borrowers, the more profit they make. Read More

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