10 WAYS TO MAKE MONEY IN REAL ESTATE
1. PROPERTY/FACILITY MANAGEMENT:
This has to do with helping to carry out regular maintenance. You serve as a "go between" for the landlord and tenants. Your duty will be to ensure that tenants adhere strictly to their tenancy agreement etc.
2. PROPERTY DEVELOPMENT:
This can either be by JV (Join venture ) what this means is that you can work in partnership with a land owner or a direct developer where you can own it personally.
As an investor, you can bring in your cash, bound, bank loan if you have access to any to build a commercial of residential houses, sell and share profit according to the investment value on an agreed ratio with your partner.
NOTR: Real Estate investment is the best tool to create wealth.
The process is capital intensive but it gives you quick money because you can do a lot of offline sales before the commencement of the building and its completion.
4. SHORT LET:
This concept helps you to make money fast. All you need to do is to lease a house, furnish it, short let it to prospective customers on a weekly or monthly basis depending. Families on vacation prefer a short let than a regular hotel.
5. COMMISSION AGENT:
You can get your licence where it applies or do an apprenticeship to a known agent to enable you become a middle man between tenants and landlords, buyer and seller of a particular property.
6. CONSULTANCY:
You can become a Consultant in the Real Estate sector. Before you can, ensure you get the right training, certificates and mentoring from reputable organisations to enable you consult for people or organisations.
7. LAND BANKING:
This is process of aggregating or acquiring land for future development or investment.
We have two ways or areas of land banking which are: (a) developed areas and (b) developing areas. For example, you can buy land in Okuku, Oforola, Naze etc at ₦600k today and leave it for the next three years and sale at 2.5m or more.
Those who are interested in Land Banking are usually advised to start from 5-10 plots or more . You can never go wrong when it come to land banking because it is a sure way of making financial gains and anybody can do it .
8. COMMERCIAL REAL ESTATE:
You can go into developing a Hotel, Hospital, Shopping Mall, Commercial Residential, etc. It gives money and guarantees your investment. You can get your ROI in a record time or not. But what is constant is, after years , you can sell or use the assets as a collateral.
8. REAL ESTATE INVESTMENT:
This has to do with investing your money in a reputable and reliable company that is into real estate as an investor or partner. They will use it to develop an estate, sell and share profit with you.
You are not the owner of the company, you may not have an idea of what they are doing there, but there is an understanding legally binding on both of you. The ROI may not be much but it is guaranteed.
9. INDUSTRIAL REAL ESTATE:
In this area you can go into construction of warehouse, factories, petrochemical industries, building of industrial estate which will lease out to others. This particular investment gives a lot of money and creates sustainable wealth channel.
10. PRO TECH:
Those into IT can take advantage of this area. One can create or build platforms or softwares that can help those in the real sector.
Based on the above, a Software that can help manage security in an estate is in high demand now. People want to sale their properties fast and any platform that guarantees that will attract more business and drop good money into the account of the creator or designer.
You can as well develop a property leasing site, write newsletters etc for real estate companies.
In conclusion, I must tell you the truth that since my ten years of practice, LAND BANKING remains the best area for anyone who desires to venture into real estate investment. You don't need any experience to do that, just put a call to Owerri Property Search+2347034513052
We will updated with the movement of development here in Owerri, Port Harcourt, Enugu, Asaba, Lagos and Abuja and you and in two years time, you will be happy you did.
God bless you.
