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The real estate industry in Nigeria has grown over the years to become one of the most lucrative and most likely business ventures promising a significant return on investment in a significant space of time.

A number of Lagos millionaires and billionaires have made their money off developing houses and selling off at a higher price, this process is often repeated over and over again, affording them the opportunity to increase their business and maybe even invest in other business ventures.

Investing in real-estate is not a monolithic or one-way venture as there are different ways people can make money off real-estate.

These different ways will be explored and considered in under these next headings

  1. Land flipping

This describes a process of buying of land and quickly reselling it for profit. This is one of the smartest investment in the industry and requires no effort whatsoever. Just your money and knowledge and you are good to go. You will need substantial amount if you want to make hundreds of millions but you can start small by buying just one plot and grow to buying tens of plots and acres of lands and keep selling all year round.

  1. Open space leasing

Open space leasing is simplistic and this involves buying a property in a good location and lease it out for makeshift use. You can lease it to churches or business that wants to develop a makeshift outlet such as car wash and mechanics. They will be paying you monthly rentage while the property still appreciates for future sell. It is like borrowing money for someone and get paid double interest and still get your money back.

  1. Real-estate agency

There are a number of agents on the streets of Lagos going around helping people looking for houses to rent and purchase find a suitable deal for them. Real estate agencies work on looking for properties to let and for sale, advertise your service and help secure clients for the property owners, you will be paid percentage as commission base on the amount the property is sold or rented. You can start with little or no money and if you are smart enough, you will grow to become a giant realtor.

Nedcomoaks real estate company is one of the topmost real estate company in Lagos.

  1. Property development

This area is also called land development and is responsible for most of the money being made in real-estate in Lagos currently. These property developers work by acquiring properties in nice locations, develop it into luxury apartments, commercial structures, etc and sell at a very high profit margin. Developers often make as much as a hundred percent off their properties after sale.

  1. House/Office rent

Build a house and put it up for rent, get paid all year for a life time. That is exactly how this work but there is much more to that than I just stated, watch out for detailed articles on this soon.

In the coming weeks, I will be publishing articles from our ongoing researches and advice from professional real estate investors and experts in the industry on various aspect of investments. Keep visiting regularly, you never can tell when any of those incisive juicy articles will be published.

For more enquiries and consultancy on real-estate related matters, Nedomoaks real estate company offers lands and houses for sale in Lekki and in the surrounding areas including Ibeju-Lekki, Ikoyi, Ologolo, Chevron, Lafiaji. They also offer consultancy for their clients on .real-estate matters, and are the perfect choice for finding homely houses in Lagos.

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