There are so many real estate investments for under 1million naira. As an investor who has as low as 1 million naira, looking into a real estate investment is a cool decision. So many people ask “What kind of investment can under 1million naira do for me? Below are lists of real estate investment for under 1million naira.
Land banking is an investment in real estate where an investor buys land at a cheap rate in a underdeveloped or developing community and hold for a few years before reselling it at a profit price. Land banking has been in existence over time but it gained global recognition I the past few years. In recent discoveries some underdeveloped communities sell plots of land for as low as 300,000. You can buy like 3 or 4 plots of lands with that under 1million naira and sell in 4-5 years making about times three of your investment. Land banking is one investment where you don’t lose money as long as you follow a trusted community or real estate agent to transact.
In a joint investment, more than two persons can pool resources together to purchase and develop real estate property. This strategy will allow for reduction in the amount of capital by each investor, allows you to invest in more profitable projects and so on. For this investment to be realistic and beneficial, you must connect with investor of like minds and ensuring that the whole process is backed up with legal agreement outlining each investors responsibilities and profit sharing arrangements. You also can do partner with family members or trusted friends.
Rental properties are real estate assets owned by individuals or entities that are rented out to tenants for a specified period. These properties offer a space for tenants to live or conduct business in exchange for monthly rent payments. As a real estate investor, you can equally rent a nice apartment, furnish it and let it out to people for a huge amount for a period of time. Some people who travel to the country may not want to stay in a hotel or their family houses, this is where a real estate investor who deals with rental properties come in. Also as a real estate agent, you can also partner with properties owners to help advertise and bring potential customers to rent their properties.
Recently, real estate companies have introduced what we call Buy now pay small small. What this means is that, you can buy a plot of land/property, deposit at least 30% of the cost and pay the rest over a given period of time. This has really helped so many individuals who find it difficult to pull out the whole money for a property at a given time.
A real estate investor can buy old properties and renovate it for sale. This usually yields profit when properly renovated. It is also important to observe the kind of property you are buying and the amount it will cost you to renovate it. In renovating old properties, you must consider some factors
Type of properties your potential buyers wants
Location
Property that sell quickly in the market
Cost
These are some of the investment you can engage in as a real estate investor.
You can also read Benefits of investing in real estate
Get latest news and update
