7 KEY THINGS YOU NEED TO KNOW ABOUT REAL ESTATE INVESTMENT

Investment

1. You don’t need all the money in your pocket to invest in real estate
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There is usually initial deposit where you get to pay in the course of a period as you have flexible payment plans.


2.  Instead of thinking affordability, think collaboration.


You can collaborate with your siblings, friends and so on to purchase a 600sqm land for instance, after a while sell it off or divide into two 300sqm each.


3.  Before investing in real estate, do a lot of research!


Know your location and ask a lot of questions like accessibility, go for site inspections, check online (search engines, social media, bureau of land and properties and so on)


4.  An unsuccessful venture doesn’t mean failure.


Because you have been exploited or defrauded doesn’t mean there are no credible real estate development company.


5.  When Buying into real estate, control is key


For property investments, once you’re done paying for the property and settling legal requirements, you directly own the asset and have virtually complete control over it. You can directly influence the asset worth (by adding value to it) and cash flow (increase rent)


RELATED: Cutting down expenses and saving more


6. When investing in property, title is key.


The land title is very key when acquiring land/properties. Land title can either be CofO, Governors Consent, Gazette or Excision


7.  Buy Land, keep acquiring more


Real estate investment is a form of investment that when done right (i.e. buying from a valid real estate company/realtor) its return on investment is enormous
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7 KEY THINGS YOU NEED TO KNOW ABOUT REAL ESTATE INVESTMENT 7 KEY THINGS YOU NEED TO KNOW ABOUT REAL ESTATE INVESTMENT Reviewed by worldforummedia on April 26, 2018 Rating: 5

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