How to Sell Estate Property.

Estate Property Marketing

Selling your home at ease, doesn't actually mean you can sell an estate property the same way. a home is single unit of building in a piece of land mainly situated on some plots of land, where as an estate property comprises of different buildings usually in acres or hectares of land.

Estate property investment is usually owned by different investors and managed by real estate managers in real estate residential investment. estate property business is an investment that can choke investors or an investor whenever there's an economic mere-down. in essence there are many reasons why investors often ask "how to sell estate property?"

Only investors with strong cash flows can withstand the cash flow quake in estate property investment, we all know that the secret of real estate investment generally, is good cash flow. whenever you don't have a good cash flow then you're no more in real estate business.

So many reasons can prompt the selling of an estate property investment. surely i will let you know on time that liquidating an estate property investment will take a whole lots of stress and loss on ROI if care is not taken.

Stay with me as i provide the key notes involved in the selling of estate property investment by owners. in a nutshell, estate property marketing require so many strategies and guidelines to make a good return on investment, in the real estate local market around you.

Key Notes.

へ When to sell an estate?                            へ Reason to sale?

へ Price to sale?                                             へ Market analysis.

へ Get a buyer.                                                   へ Summery.

When to Sell an Estate Property?

I wrote a post on how to sell my home, Homes for sale are scarce, and with demand so strong, prices are high. That’s good news for sellers. that's the best time to sell your house. the same method applies to an estate property.

Spring and summer are always hot times to sell,” Biedenharn says, but where you live and local market conditions also heavily influence the best time to list estate property. Factors out of your control include local job growth, mortgage interest rates, tax incentives, and neighborhood inventory. 

All in all, the ideal time to put estate property on the market can be really specific to your location. For example, winter tends to be the slowest season for home sales, but if your climate is warm year-round, your window for selling may extend to off-season months.

“I’m from Minnesota, so moving in February is not a good idea. The spring is really when the market gets moving, especially in the north,” says Reed. “But it’s not the same in every market.”

That’s why it’s helpful to work with a real estate agent, broker and realtor who’s an expert in your local area and can help market estate property to potential buyers, as well as price the estate property competitively. Almost nine out of 10 of sellers work with an agent, realtor or broker to sell estate property, according to recent NAR data. if you're interested on how to find real estate agent, realtor or broker in Nigeria just one click to read more on the link.

“There’s always motivated buyers out there, so whenever you’re ready is the best time,” says Biedenharn.

Reason to Sale?

There'er many reasons to sell real estate investment and that reason most worth it because any buyer must always ask, why is the real property for sale? 

Here some of the reasons that's suitable to sale real estate investment.

1. Your Property Is Worth More Than When You Bought It

We shouldn’t need to explain this point, but many investors forget to focus on the “main and plain” of real estate investing. The goal of investing is to make money, right? Losing money is a regular part of investing, so consider yourself a winner if your property is worth more than it was when you bought it.

If you’re one of the many investors that bought real estate during the Housing Crisis, contact a reputable agent to do a comparative marketing analysis to figure out what your property is worth now.

2. Negative Cash Flow

On the other side of real estate investing, sometimes the cost of your property exceeds the income brought in. Hoping that things change in the future and emotional attachment can cause investors to freeze up, but it’s best to sell a negative cash flow property sooner than later. Unless there are absolutely sure signs of rental prices to appreciate, you shouldn’t speculate that things will change for the better in the future.

3. It’s A Strong Seller’s Market

As we already mentioned, inventory levels have been low across the board recently. When you combine that with low interest rates from mortgage lenders and willing buyers, you have a great selling market.

4. The Property No Longer Fits Your Plans

You should always have a plan as a real estate investor. Maybe your goal was to have sold more properties by now, you’re ready for retirement and don’t want to be a landlord anymore, or you’re sick of having “working vacations” when you take time off work to do maintenance on your vacation rental.

5. You’re In A Good Situation With Capital Gains Tax

Always seek advice from your tax consultant and real estate agents that are well versed in topics like 1031 exchanges and capital gains tax when you’re seriously considering selling. If you’re able to sell your property without owing much on capital gains tax, then you’re in a great position.

relates post: reason you should sell your rental property.

Price to Sale?  

Graph of Nigerian houses for slae.

Price to sell estate property is a good factor to consider on your quest of  "how to sell estate property?"Whether it’s your owner occupied home or an investment like estate property, selling estate property can be a huge windfall if you sell at the right time in the market.

However, many first-time sellers fail to consider the costs of selling a property.

Some of these costs are necessary but some can either be reduced or avoided completely

The price of selling estate property depends on the total cost of the estate property in market value. don't forget that real estate market fluctuates with time but i have set out cost factors on how to cost a property for sale and possible return on investment depending on profit margin that makes up the dividends.

The cost base refers to the costs of not only selling the property but the initial costs of buying the property in the first place.

For example, if you bought an investment property in New South Wales for $400,000, you may have paid around $13,800 in stamp duty as well as $2,000 in legal fees.

If you later sold the property for $550,000, you would have to pay around $2,000 in conveyance's fees and around $20,000 in real estate agent fees. However, you could claim around $60,000 in depreciation costs.

This leaves you with a cost base of around $97,800 and a capital gain of $52,500.

If you lived in the property for more than a year, then the net taxable income can be halved meaning you only have to declare $48,900.

This amount is added to your regular income and tax is paid according to your new tax bracket.

With the help of an accountant, you may be able to reduce your level of capital gains by claiming other depreciation costs and money spent on repairs over the years.

Market Analysis

Real estate market analysis for beginners or expert investors is really necessary if you are asking how to sell estate property. the group investors  that owned a real estate investment of residential buildings should ask their broker or real estate managers to conduct real estate market research.

Proper market survey will help to know how to adjust the price of sale, when to sell and complete guild to sell your estate property in the current local real estate market near you.

You should always do a real estate market analysis, whether you are buying or selling a property and I’ll explain why. This analysis will help you understand the current housing market, how much properties similar to yours are worth, and if it’s an investment property, how much you can charge for rent.

The information gathered through a real estate market analysis or CMA helps the seller choose a listing price and helps buyers see if the asking price is too high, low or reasonable. A CMA should always be conducted to make sure both buyers and sellers are getting a fair deal, based on the value of the property.

By comparing similar properties on the market, you will be able to accurately put a price on an estate property.

More articles on how to do a real estate market analysis.

Get a Buyer

This is the last step to take on how to sell estate property. get a buyer, this obviously the main point and the most important aspect of real property sales.

Once the above factor have been put into consideration then is necessary to work closer to your agent on how to get a qualified buyers for the estate property with respect to asking price.

A home seller is likely to sell to an individual unit. the same way an estate property seller is likely to sell to a group of individual units called investors. the point is your target buyer is group of investors, real estate company or real estate brokerage firm.

Use the following strategies to get interested buyers for the estate property;

1. Radio advertisement.
2. Blog advertisement.
3. Youtube shows.
4. Newspaper main page.
5. Post the estate property on the street bill boards.
6. Use personal contact.
7. Get a personal agent, broker or realtor.

Those strategies above will definitely bring the qualify buyers within some days after listing the estate property for sale. 

Summery

To sale an estate property in the real estate market is not a difficult task if you can put those factors above into consideration. 

Firstly, know when to sell an estate property, if you can not detect when to sell after reading this blog post then is good to get a real estate agent to help you to choose when to sell.

Secondly, what's the reason investors wants to sell the estate investment, the real estate manager in charge of the investment should document the reason why the estate investment listed in the real estate market is for sale.

Thirdly, fix the price for the estate property, this will help buyers to know the asking price. to put their own offering price. to get a good price for your property do the estate property appraisal costing before fixing price. to get this process executed perfectly is advisable to conduct a market research, to know the value of the real estate investment in the current market.

Lastly, it's very important to use any means possible around you to get a buyer willing to provide the asking price for the estate property listed in the market. never conclude a deal until the asking price in  money value is paid and reflected in the estate property accountant's bank statement. only then is wise to close the deal. with this points i hope you have gotten the answer on how to sell estate property.

Gracias por lee.

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Tips on Real Estate Investment Trust

Table of contents

ν. What's real estate investment trust (REIT).
ν. Strategies to start real estate investment trust (REIT)
ν. Is real estate investment trust profitable? 

ν. The benefits of real estate investment trust. 

ν. Designated distribution policy.

ν. Risk factors in real estate investment trust
ν. Real estate investment trust summery for beginners.

What's Real Estate Investment Trust (REIT) 

When investors bring money together to invest in a real property, that's real estate investment trust. but there's more to it. when single unit individuals come with pooled resources to collectively fund an investment with aim of sharing dividends perhaps profit. that can the most prominent meaning of real estate investment trusts.

Real estate investment trusts REITs occur mainly in the level of industrial real estate which is very capital intensive investment. to actualize it in large scale single unit individuals (investors) pooled funds together under a trustee agreement.

When you invest in a real estate investment trusts (REITs), your money is pooled together with other investors' in a collective investment scheme that invests in a portfolio of income generating real estate assets such as shopping malls, offices, hotels or serviced apartments.

These assets are professionally managed and revenues generated from assets (primarily rental income) are normally distributed at regular intervals to REIT holders, after accounting for fees, such as REIT management fees and property management fees.

The REIT’s investment goal is to generate income distribution and long-term appreciation potential.

You can invest in them the same way as you would invest in stocks, through your broker.

Strategies to Start Real Estate Investment Trust (REIT)

You don't just rush into something because it's trending and people are doing it. when ever anything involves money is always necessary to be sure and know the bottom line of the investment before participating in it.

Design a strategy of investing, know people you want to invest with and know if their investment strategies suits yours. try further research on real estate investment by beginners to learn more.

Do not assume that REITs are low risk and that the dividend income is recurring. Read your prospectus and research reports to understand the investment objective and strategy of the REIT.

Look for information under the following three key areas:

• Information on the REIT manager – their experience and track record, and, if applicable, the REIT’s sponsor and pipeline of assets

• Information on properties to be put in the REIT – in particular, whether you are familiar with the geographical and sector exposures of the REITs you intend to invest in

• Other investment information such as dividend policy and fees and charges

REITs can have different structures, geographical or sector focus, and some REITs may carry more risk, such as political and regulatory risk, than others. You should:

• Read the “Investment Approach” and “Risks” portions of your prospectus for information on the various risks of the specific REIT you intend to invest in. Note that the risk elements may differ greatly between REITs depending on their investment objective and strategy, geographical and sector focus, quality of the underlying real estate properties, land tenure of properties (leasehold or freehold), experience of the REIT manager, and the income distribution policy.

• Consider if the REIT’s structure and risk profile suit your risk appetite and investment time horizon.

• Do not invest in a REIT if you do not understand or are not comfortable with its investment objective and strategy. 

Is Real Estate Investment Trust Profitable?

Trustee is someone in charge of the investment trust together with trust manager or property manager, definitely there are the one with the financial plan to know to if it's profitable or not.

A wise real estate investor that has been into investment for long will detect if the REIT is profitable or not. before REIT must start an official public offer will be made to attract investors with their investment proposal plan.

The public offer of REIT proposal plan details the own and management of real estate investment by the trustee, trust manager and trust sponsor as the case may be.

Moreover, there're two major ways to know if the real estate investment trust is profitable to your or not.

1. The benefits of the real estate investment trust.
2. Designated distribution policy for the REIT.

1. The benefits of real estate investment trust

In other to be sure the REIT will pay off as expected it's important to consult and review the benefits of the REIT in the following ways;

• Diversification – The risk arising from investing in one property is diluted when you invest in a pool of properties through a REIT.

• Affordability – As an individual investor, you may not be able to afford a direct investment into a large asset such as office buildings or shopping malls. By investing in a REIT, you get to invest in these large assets in bite-size chunks.

• Liquidity – It is easier to buy and sell units in a REIT than to buy and sell properties. REITs are listed on the stock exchange and you can trade units in a REIT throughout the trading day.

• Tax benefits – REITs that distribute at least 90% of taxable income each year enjoy tax transparency treatment by IRAS (subject to certain conditions). Individual investors who receive these distributions also enjoy tax-exemption treatment. you can read more on REIT tax by clicking link on it.

2. Designated distribution policy for the REIT

Next thing is distribution policy involved, i don't really know for you but as an African man i'm. i will be willing to see how the funds will be distributed to the single unit individual (investors) at the end of the day.

You can find dividend distribution policy by checking out for this things below in the business proposal plan, during REITs public offering:

• What is the expected frequency and timing of distributions from the REIT?

• What are the adjustments made to income in determining the amount to be distributed?
• What are the circumstances under which a REIT may not make distributions, e.g. insufficient cash flow?

From the above procedures, even a blind man can tell if it's profitable or not. check out for those factors before investing your capital on REITs.

Risk Factors in Real Estate Investment Trust

There're several risk factors involved in real estate investment and let's look into from different sectors of real estate investment trusts. these factors includes:

Market risk

REITs are traded on the stock exchange and the market prices are subject to demand and supply conditions.

The prices generally reflect investor's confidence in the economy, the property market and its returns, the REIT management, interest rates, and many other factors.

Income risk

Distributions are not guaranteed and are subject to fluctuations in the REIT’s income. For example, a REIT’s rental income may be affected if tenancy agreements could be renewed at a lower rental rate than before or the occupancy rate could fall just like other share funds, mutual funds e.t.c.

Look out for whether the REIT has procured payment upfront or has contractual lock-ins of rental rates and other clauses in tenancy agreements.

If the underlying properties are financed by debts, there is a refinancing risk when cost of debt varies. A higher cost of debt may also reduce the income distributions to unit holders.

Concentration risk

If a substantial portion of the REIT’s value is from one or a few properties or a few tenants, you face a greater risk of loss should something happen to one of them.

Liquidity risk

A REIT may find it difficult to find buyers and sellers for its properties.

It may be difficult for REITs to vary their investment portfolio or sell its assets on short notice under adverse economic conditions or exceptional circumstances.

Leverage risk

Where a REIT uses debt to finance the acquisition of its properties, there is leverage risk.

If the REIT is wound up, its assets will be used to pay off creditors first. Any remaining value will then be distributed to unit holders.

Refinancing risk

As REITs distribute a large amount of their income to unit holders, they may not have the ability to build up cash reserves to repay loans as they fall due.

To refinance, they may need to borrow more (through bank borrowings or bond issuances) or undertake equity fund raising activities such as rights issues or private placements.

The refinancing cost could also be higher when loans are due for renewal.

Another risk is that the REIT is unable to secure refinancing and has to sell off some properties if they are mortgaged under the loan.

These risks could affect the unit price and income distribution of a REIT.

Land lease expiry risk

Where a REIT holds leasehold properties, the remaining term of the land leases will decrease over time, and the properties will have to be returned to the lessors upon the expiry of the land leases. The value of the REIT may be affected by the decreasing term or the expiry of the land leases, and this may result in a decline in the price of the units.

Other risks

While some REITS can offer diversity based on the type of properties or region you want to invest in, such diversification could carry other risks such as sector and country regulation risk.

Real Estate Investment Trust Summery for Beginners.

The summery of REIT to beginners who wish to start real estate investment trust, is to look out for those intensive key points below.

REITs is people bringing their money collectively to invest under a trustee, trust manager and trust sponsor investment plan. as a beginner always be smart enough, to know the integrity of the trustee which will handle the investment, the trust manager who acts as the REIT caretaker and the sponsor who is usually referred as the back bone and the general overseer of the trust funding and execution.

Study carefully the REIT strategy and business proposal plan, if you can't interpret it to your own best understanding, consult your real estate broker for more explanation and suspend investing until you're cleared on what you want to invest especially your return on investment.

There are many ways REIT make money but most ways is to lease property out to tenants and at some point sell it out but whichever means of receiving rental income. do you care about your cash flow on REIT? if yes monitor closely the distribution policy to know when the financial agreement is not fulfilled by the trustee, manager or sponsor of the REITs. if you notice any discrepancies sue them to court immediately.

Every investor knows that investment is about risk but every professional investor knows that investment success secret is taking calculated risk. name your risk factors in the real estate investment trust and know your chances of winning. your chances of winning should be greater than the chances  of losing.

Lastly, always learn the new updates on the REITs market analysis from your broker,  the recent increase on your personal ROI, ROE and profit margin in the current real estate business  local market.

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Real Estate Investment For Beginners (2021)

I wonder what makes you an investor if you don't have a real property, you can invest on share funds, stock and cryptocurrency but you will only become a professional investor when you have a real property said for by a famous investor.

Real estate investment for beginners is really broad sector and long journey of business life. but in this post everything will be made simple as much as possible for you to pick up the basics and how to start real estate investments.

Starting anything on earth is always horrible experience and difficult one at that, many challenging factors for new investors on real property. this blog post will make you feel at home and give you a soft landing to the real estate industry with less stress.

Investment purpose is different to some persons due to interest of investing, many people invest in real estate because it's the only assets you can leave behind for your children and can still be passed on to another generation. some invest to be wealthy forever and never to worry about money because they have a continuous cash flow making them financially free.

I don't know your reasons for wanting to invest on real estate, to read this post means you're interested on real estate, whichever you must have the right mindset about the real estate business. as a beginner is time for you to get it right to know the fundamentals of real estate investments.

Table of content

✔ How to start investing in real estate for beginners.

✔ Best real estate investment for beginners.

✔ Is real estate investment safe for me?

✔ Tools to get started in real estate investing.

✔ Summery.

How to start investing in real estate for beginners

Like we discussed in the introduction part, i informed you from the beginning that starting as a beginner in real estate investments, it's not going to be easy. here's the most motivated quot that kept many REB investors moving forward through that rough road of real estate business. 

"the first day you start doing something new, the result you got is the worst result you will ever have on that field.

To manage or own real property is not a child's play. it requires years of becoming better and experiences in the investing outcome of real estate strategies. to get the expected return on investment. (ROI), you will need a proper real estate business market analysis. 

I have a post on this blog titled 7 best ways to start real estate investment maybe reading it also can prepare you on the best track to start.

4 Best Ways to Start Investing REB

• Invest in residential building.

• Invest in Condo units.

• Commercial real estate investment.

• Land banking investment.

To start REI, you must choose an area of practice/specialization. to become a professional real property investor and make a huge ROE or  ROI (return on equity or return on investment)

If you have chosen an area of specialty then you're one step ahead become a professional investor in REI. the next thing is to discuss best real estate investment of beginners.

Best Real Estate Investment for Beginners

There're many ways to invest in real estate for beginners and it's always based on your choice of investment and local market available for you in REB.

Real estate investments during the COVID-19 pandemic in 2020 was horrible and crashing. While the pandemic isn’t over yet, real estate investment is expected to follow a broader economic recovery trend in 2021. Many commercial and residential real estate investors are optimistic as two COVID-19 vaccines have now been introduced.

While the start of 2021 will not promise any recovery, experts suggest commercial real estate will begin to stabilize by the end of the year. According to Kathy Feucht, global real estate leader at Deloitte, commercial real estate investors plan to reduce costs by around 25% in 2021. However, a new demand for health-related amenities, such as new ventilation systems, may actually up to cost up to $20.00 per square foot.

Depending on the type of commercial real estate investment, there are several different predicted trends for 2021. Let’s take a look at these different real estate investment for beginners.

Invest in residential building

This is the easiest and most common way to start your real estate investment REI. in this contemporary society, shelter is the key note of life. everyone is hoping to own a home. the percentage of homeless family in my country Nigeria for example. we have over 70 million people that have no adequate shelter in the ratio of 6 persons per family unit.

Residential building is a building that is constructed with sole aim of human living. as a young investor or new investor that wants to go into building houses for people to live in and feel at home. to make rental income or sell off property cash. home selling and building is not an easy task and may bring frustration along the way. to overcome those obstacles, you will need an investment plan strategies that will contain the following scopes of business success.

1. Financial plan.
2. Real estate coach.
3. Real estate company overview.
4. Financial adviser.
5. Good Building location.
6. Customer relationship.
7. Client satisfaction strategy.
8. Qualified workers.
9. Mortgage plan.
10. Tax property free.

To start investing in real estate business on the aspect of residential building, those key points above need to be in consideration to excel as an entrepreneur or investor. without those key points in the first year of investing in residential building you may end up wasting your capital with low income or no sell at the end year. 

Residential real estate can be so frustrating if you are not innovative and creative, but the aforementioned key points will improve your professional skills to own and manage residential property.

 

Invest in Condo units

Condominium according to English dictionary is a building or complex of buildings containing a number of individually owned apartments or houses.

Condos can be attractive investment opportunities. They often have lower prices than comparable single-family or multifamily homes in a given market and they have fewer maintenance issues for owners to worry about.

On the other hand, there are some drawbacks that you need to consider. For one thing, condos often have monthly fees that can increase significantly and unpredictably. And condos can be more difficult to get financing for.

Condos make good investments in the right situation, but it’s important to know what you’re getting into before you sign a purchase contract.

Choosing a condo as an investment property has both positives and negatives. Here are some of the reasons you might want to consider a condo as your next investment property.

Low cost: In many real estate markets, condos are significantly cheaper on average than single-family homes. In my own market, a rent-able condo can be found for $60,000 or so, while you’d need a minimum of $120,000 to get a rent-able single-family home.

Cost is the biggest barrier to entry in real estate investing, and a condo can be the most affordable way to get started in condominium investment.

Commercial real estate investment

Before we get into the mechanics of how to invest in commercial real estate, it’s important to understand the various types of commercial properties. This way, you can start thinking about the commercial asset type in which you want to specialize. Commercial properties serve a broad range of purposes but are generally grouped into the following types:

• Office

• Hotels

• Retail

• Industrial

• Multifamily

• Special Purpose

The question of ‘how to invest in commercial real estate as a beginner’ has only one answer: due diligence. Regardless of what sector or niche you’re in, doing your homework and minding your due diligence is critical in ensuring your success in real estate business. 

Besides learning the ins and outs of commercial investing, make sure you understand the commercial real estate market and how it can differ from the residential real estate market. understand the commercial real estate market.

Land banking investment

Land banking is the buying of lands for sale in the future for a bigger profit  margin. we have written a post titled 5 best ways to buy land in Nigeria. you can check to know more about storing land for future use. 

Investors considering a raw-land purchase need to realize that they are engaging in a purely speculative investment. This is because undeveloped land does not generate any income, and therefore any return on investment will have to come from the potential capital gain that may be received once the land is sold.

Land banking is something that major developers and retailers have been doing for decades because it happens in every major city in America.

Look at your nearest major metropolitan area and compare how it looks today to what it looked like ten years ago. If a city is growing, there will be a constant new development of residential neighborhoods and commercial subdivisions. New retail establishments are always being created or revitalized, no matter what the real estate market looks like.

This is the most underused and less pursued aspect of real estate investment, because many investors lack the patience of buy and hold technique. this is already an opportunity for you as a beginner to start your investor profession as land banker in REI.

Is real estate investment safe for me?

All over the world, real estate is considered one of the safest sectors to invest in. In Nigeria, it is the second largest employer after agriculture – and is slated to grow at 30% over the next decade. So regardless of temporary setbacks, it’s still the safest investment option – and will continue to grow in the long term.

In America real estate investment is considered as the most reliable long term investment ahead of mutual funds, stocks, share funds, gold and crypto-currency. 

Compared to real estate, stocks present a cocktail of uncertainty. Trading in stocks and derivatives is a risky game. Being a highly specialized field, it requires excellent skills to make money out of equities and leverage trades.

Anyone Can Invest in Real Estate

Investing in real estate does not require any special skills – even a first-timer can do it. Not only is it safer, it will also most likely fetch you better returns in the long run – aside from providing you with a solid roof over your head for generations to come.

Real Estate Yields Fabulous Return on investments.

More people have become millionaires and billionaires from real estate than possibly any other industry. Moreover, populations are growing – but the supply of land is limited. So the demand will continue to grow – and returns from real estate will continue to yield great returns in the long term.

 Tools to get started in real estate investing

You will need the following tools to get started in real estate investments, to enable you to prepare the most sought after profitable real property.

Let's focus on the 5 top real estate tools to search and analyze profitable properties for sale, this tools is an instrument for real estate investors to own and manage rental properties and it's listed as follows;

• Educational real estate investment tools.

• Real estate heat-map.

• Online property Finders.

• Investment property calculator.

• Property market place.

Get the above tools to get started in real estate investment as a beginner because we all know the popular proverb from Benjamin Franklin that says and i quot " failing to prepare is preparing to fail"

The above tools will guild you properly not to fail in your investor profession, you can make more research to understand all the tools better by clicking this external link to read more real estate investment tools 2020 update.

Summery

Real estate investment for beginners require special entrepreneurial skill to keep you in the business and make you better in the management and development of real estate investments.

To start is advisable you get a coach, if this post is not enough. you can engage yourself with intensive study about real estate by buying real estate investment books, reading other real estate related articles online, attending seminars on investment strategies and webinars on how to start investment on real property for novice.

Best way to start real estate investment in Nigeria for example or any part of the world, we advise you to start with less competitive aspect of REI such as Land banking which is simply buy and hold technique. buy lands now and sell later when it appreciates, have your return on investment.

Real estate investment is safe and reliable, is one investment you won't regret if you play it straight. learning many things as much as possible is the best tool to equip yourself in starting real estate investment. 

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7 Things about Real Estate Business

When i started real estate business i made a lot of mistakes but today i can beat my chest and work on any monthly target and achieve it at ease due to my willingness to know more in the real estate industry.

Real estate investments has many shocking secrets, to which many real estate investor are using to grow their business and control the real estate market today.

In this blog post of real estate business page, i want to list out 7 things to know about real estate business for young investors to learn from my mistakes and take note of this 7 things which i'm about list for public consumption.

Real estate business is a very lucrative investment and a means of owning your business, a way to create a financial steady cash flow that will be generating cash for you at your absence. there're many things that might stop or propel you to venture into real estate business which you will find out on the list below of things to know about REB.

These 7 things about real estate business is not a means to scare upcoming investors about the business or to entice them of the potential profit on real estate business. everything we're doing here is to enlighten the general public to the enormity of tasks ahead and to show the potential cash flow of owing your own  in venturing into real estate business. 

Let's get started with the topic of the day and touch the necessary things about what we have gathered for years from our endowed experience in the real property for years. with this lessons you are good to go and start your own real estate management firm.

7 Things To Know about Real Estate Business

Real estate investment is becoming a popular investment option. investments such as stock exchange, mutual funds and crypto currency.  real estate investments has proven to be one of the safest and has great potential for high returns on investments.

Other benefits that come with real estate investing include leverage, tax advantages, and appreciation potential. As a real estate investor, your main objective is to create a cash flow on real property. However, real estate investing is a dynamic game.

To begin your real estate business successfully and stay ahead of the competitors, there are some things you have to take into consideration to close most sought after real estate deals and make high ROI on investments. note the below things about real estate because there'er fundamentals and apply them diligently.

If you have been considering starting a real estate profession, this guide will teach you basic things to know about real estate before you invest. here are the 7 things about real estate business.

1. LOCATION

Location! location!! location!!! everything about real estate investments has to do with location. no good location, no good investment done. location according to the CEO of luxury real estate company Prince Omoha. he told us that the secret of how he grew his business from scratch is spotting a good location. if you want to meet up with the real estate market demand on your own real property management. 

Best ways to buy land is about location, how to buy or sell your home is depending on the location. that shows that location is the ultimate thing about real estate business.

If you're wondering how to identify real estate investments in a good location at any place that will be suitable for your real estate market growth and get reasonable potential clients/tenants. the below values will help you in customer/client relationship with your real property.

• Good school systems

• Access to public transportation

• Low crime rate

• Nearby amenities

• Growing job market

• Good infrastructure

• Future developments

• Low insurance costs

• Reasonable property taxes

2. You can start from Zero

To start your own real property management firm, you can actually start from zero by zero i mean starting with no funds or little money. if you don't have enough don't bother yourself real estate business is for you.

Potential investors need to understand that real estate business is for everyone willing to learn before earning and also willing to do the needful. it's not for the wealthy people or the rich investors only.

You can start real estate investment from zero through OPM, (other peoples's money) and build your business. yes you can use other people's money to grow yourself and save your return on investment ROI as time goes on to enable you to start your own property management .

You can also start as real estate broker/Agent by linking potential customers to real property and closing the deals. to learn more about secret success of real estate brokerage. real estate agent doesn't require money to start but only knowledge about the business of finding properties and closing deals.

3. Real Estate Business is Dynamic

Many real estate investors in seminar training and coaching class often said that real estate market is dynamic not few hours ago a student in real property management class asked a question: why is it that real estate business is not steady?

The price of stocks is changing everyday so is real estate investments. the difference between the stock exchange and real property is potential customer relationship with regards to fluctuation in the real estate market.  Stock market prices changes any minute, seconds or hourly but real estate market prices changes with seasons or period of time unlike stock market or crypto-currency.

Real estate potential clients knows that to buy home or sell you home during summer and winter season is not the same price. you can follow this link to read more about real estate market analysis for beginners to have a better understanding of the dynamic nature of real estate business in terms of market value.

If you can't follow up with real estate market changes then it's necessary to find a real estate agent, broker or realtor that will help you out to keep you up to date with the current real estate market value.

4. Learning is the Key

Real estate education is the key success secret to excel in the real estate business REB. you have to learn before you earn. you can't skip it except you don't want to go far in the REB. among the 7 things to know about real estate. having a broad knowledge of real estate business and investment strategies is the basic and only skill you might need to stand out as real estate professional broker, investor or developer.

When you stop learning, you're likely to reduce or stop making profit in the business. they're many investment strategies in Nigeria and many best ways to start real estate business in Nigeria my country for example or any place you're from. you need to understand, practice and master your investment strategy to stand out as a professional investor.

Real estate business is a wide business sector that requires special skills in different areas to perform well, many people often fail on their first year of being into real estate business. when you ask them they will tell you that there's no cash flow, is crowded and it's capital intensive. all those excuses is because they have refused to spend some time to acquire the necessary skills needed in that aspect of real estate they wish to services the market.

5. Cash Flow is Important

Cash flow is the king of real estate business (REB) sector. obviously you will be needing cash flow to continue in the business and manage your own properties properly. 

Is best advised to create a structured cash flow property to enable you to receive cash monthly from your real property, to fund other projects and grow your real estate business with time.

As a beginner in real estate investment, you should focus on creating cash flow. If you buy a positive cash flow property, you will have some profit every month and you’ll be able to build your portfolio over time. which  i have said before but i have to repeat it because that's where your growth lies. 

However, when an investment property is negatively geared, you will be forced to reallocate money from other sources to offset the difference.

Make sure you create a channel of cash flow income to flow in to your pocked monthly, weekly or yearly to keep you enthusiast and focus in the real estate business. cash flow is evidence that you're a good real estate investor.

6. Getting Pre-approved for a Mortgage is Important

Getting a mortgage pre-approval prior to finding an investment property is very important. It shows the property seller that you are a serious buyer and can also help you in negotiations. Lenders may also lock in an interest rate for you. Even if interest rates rise when you are doing your property search, you will still be able to enjoy the lower, locked-in interest rate.

The fear of being rejected for a rental property mortgage is a major reason why many people never step into the world of real estate investment. the truth is that you need capital to handle basic real property investment.

It’s true that getting approved for and closing on a rental property mortgage won’t be a walk in the park for every real estate investor.

The best way to make the whole process of financing an investment property much easier is to educate yourself. Educate yourself about every aspect of a rental property mortgage that you can. In fact, it should be one of the first steps when it comes to real estate investing for beginners.

Get rid of that fear and avoid being rejected by learning all about how to get approved for a rental property mortgage right here, right now.

Now that you have a few mortgage lenders in mind, it’s time to get pre-approved. Why bother with this step? While it’s definitely not a guarantee that you’ll receive a rental property mortgage from the establishment, it still gives you a good idea of your eligibility. On top of that, real estate investors who are pre-approved show that they are serious to both real estate agents and sellers alike. So, don’t skip this stage.

Your mortgage lender will outline the exact paperwork you’ll need to provide for pre-approval. They will look at your credit report/history and likely ask for a bank statement, pay stubs/work history, as well as tax returns.

Once you are pre-approved, you’ll be given a pre-approval letter that outlines the amount you can receive, loan type, etc. Now you’re an investor ready to hit the real estate market!

If you want to be eligible for this mortgage i'm talking about before processing your loan make sure you upgrade your credit score and work on your debt into income ratio.

7. A Real Estate Investment Coach or Mentor is Important

Get a mentor if you want to excel in the real estate business. you need someone to coach you properly about what to do and what not to do at any given time, about real estate investment strategies from experience of his/her carrier as a professional investor.

Because i care so much about your success in the real estate sector, i will refer you to Gtexthome. it's a real estate company managed by Dr. Stephen Akintayo. he's the number 1 African most sought after investment coach residing in Nigeria now where he built his business fortune of REB.

Even though reading real estate books and blogs is great for a beginner real estate investor, it does not equal learning from experience.

Find someone with experience in real estate investing and offer to help them so that you can learn first hand from their transactions how it is done. Also, don’t be afraid to ask them any questions or for any assistance. 

Be sure you choose a mentor who is following a real estate investment strategy that you’re interested in. For instance, if you are thinking of becoming a landlord, find a successful landlord and learn from them.

A notable investor once said and i quote " i will rather spend $50,000 to learn and invest $10,000 if all i have is $60,000". that's to show the extent successful real estate professionals are willing to be coached and mentored on the right step to take rather than learning on their own, just to fail at the end and waste both time and money.

In conclusion

The 7 things about real estate business has to do with REB essentials, things you need to have at the tip of your finger before venturing into real estate business REB. take the above listed things serious and consider it first in your business strategies.

Many have been investing in real estate for years with low profit margin and low deals to close every year. this is because they entered the business believing they have the funds to fund any property and develop it to any standard they want. the question is; did your real property after development meets potential customers needs? is the property positioned in a strategic location? if you're about to sell that particular real property, at what year will you sell it above cost of construction?

Those questions can be answered properly well if you have gone through those 7 things about real estate thoroughly. i listed it for you to know more about real estate business and make the right decisions. in fact that's the hint to what real estate business REB is all about. that's the simplest form of explanation to real estate business.

The idea of beginning a career in real estate can be daunting. However, investing in real estate can be a smart decision if you know what you are doing. While there is always a risk of financial loss, having sufficient real estate information can help you mitigate risk and help you maximize your ROI, return on investment. 

By knowing the tricks that the pros use, you will be able to get ahead of the competition. Armed with these tips, you can successfully begin your journey in real estate investing. Be sure to use Gaddeva blog since it’s the best site for everything real estate.

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Can Real Estate Get You Rich in Nigeria?

 Steps to becoming a real estate millionaire in Nigeria

Being a real estate millionaire is not a desire that is beyond achievable and not realistic as you may think, irrespective of your country, race and your financial background. you can make millions in real estate if you obey the steps involved.

Can real estate get you rich in Nigeria. the answer is capital yes but we will show you fact and easy steps to take to actualize your dreams. we will make it as easy as ABC that a child can also apply the same process to make millions also.

Nigeria real estate market as a case study. this process and strategies has been applied many times in Nigeria and has been proven to be real and have created many millionaires in Nigeria for decades now. all you need to do now is to read carefully and apply the same principles to build your real estate empire.

Millionaires in Nigeria is increasing rapidly because young Nigerian folks have ventured into real estate investments. Obi Cubana, Emoney, Prince Omoha, Dr. Stephen Akintayo and many others that are below the age of 50 years. the good new is that they all started from zero, no sponsor, no rich background and under the same bad government.

The steps to becoming a real estate millionaire in Nigeria is very easy and applicable but many people fail to use it because of their illusion of over night wealth, get rich quick scheme. if you think that this easy steps of becoming a millionaire in Nigeria, then this post is not for you. go and learn Yahoo.

Introduction to  Real Estate Investment

What's real estate investment? i will like to see your comment below so we can compare and contrast your understanding about the term real estate investments. in simple terms a real estate investments is the banking of lands, development and management of real properties.

Real estate investments has three spheres for easy understanding, lands, housing, development and management. to understand real estate better and involve in the gold mine trend, you need a deep understanding of the spheres more especially development.

In the real estate business we have many kinds of investors, we have sophisticated investor, Angel investor, inside investor. you can make research to know the type of investor you want to be by clicking the link or browsing through google search engine.  mainly new entrepreneurs starts as real estate broker and further grow to be an investor in the real estate business.

Real estate investments is not something you start today and expect huge profit tomorrow or next. the truth be told; it takes months and sometimes years to have your ROI ( return on investment) i told you earlier that it's not a get rich quick scheme. prepare your mind for the journey but i want to assure you if you can be patient enough to go through the process because it truly worth it.

To invest in the business of RP real property as often called instead of  RE real estate. the business is highly capital intensive and you will be needing a huge funds to start the business but don't worry much in the easy steps we will provide a way to start without nothing. i mean nothing like no kobo.

4 Millionaire Steps in Real Estate Business. REB

The easiest four steps to becoming a millionaire in the real estate business in Nigeria have been finally mapped out and listed below for your consumption, mind you it have been proven and those simple steps below have created many millionaires across the country both educated and non educated persons.

As simple as it is, it really means a lot to REB entrepreneur, very easy steps to take once your heart is willing and you truly wants to be a millionaire because many mediocre wants to be rich but are not ready to pay the price of being rich. 

Here's the steps below, make sure you have it at the back or your memory. memorize it if possible. because you will need it in the journey of REB real estate business.

1. Land Banking.

2. Housing

3. Development.

4. Management.

 Land Banking

Land for sale in Ebonyi state, Nigeria.

Buying lands for future use is simply called land banking. many people asking questions like, can real estate get you rich in Nigeria? here's the first answer to your question; land banking.

Start today to buy lands in urban or rural areas, don't sell it immediately wait for the land to appreciate in value before selling. at least for a minimum of 5 years and above. a friend of mine bought a land N300,000, 5 years ago. now the same land is going for N4.5 million. isn't that an easy step to be rich?

Land banking may seem to be a boring process to becoming a millionaire in Nigeria but i told you on time that this not a get rich quick scheme, you need patient to be a millionaire, just matter of some years and you will count millions without stress, zero maintenance and no special skills required.

One of the greatest problem that might stop you from getting to the millionaire status in this aspect of land banking is fraud. we advise people to get an agent before buying land and also to help you buy a futuristic land. how to find real estate agent, broker or realtor in Nigeria read our older post.

If you want to be a millionaire in real estate investments start to acquire landed properties now, to your greatest surprise there are land you can get N50k, N100k, N200k and above. so you don't have reasons not to start small and grow big in real estate investment. if you don't have money at hand, start saving today and buy anytime you're ready because lands can never finish on earth.

Housing

Real properties like house can be lucrative, if you can build a bungalow, hostels or three bedroom flats that you can rent out to tenants and get a reward of monthly or yearly cash flow. building is quite expensive but don't panic we have an idea for you.

Divide your salary or income, keep some money for your building plan, each year make sure you buy materials for house building like sands, cements, gravel, blocks, steel, planks, woods and also remember cost of labor. it may take you two years or three years to get those things in place and kick off your building project. with that ability you can succeed in owing your own house, it works, many people are living witness.

Building a house can fetch you millions in few years if properly planned. the house rent you're actually looking down on, if you can be discipline enough to open a separate account for the housing rents. take off some money from it for your maintenance and keep the rest in the account. watch for three years upwards you will be counting in millions.

One good benefit of this real property is that it will be yours forever till eternity, no one will take it away from you except you sold it out. that means you will be making money while sleeping and making money without your presence yearly till you die. isn't that a great plan?

Although it might take years to actualize but believe me it worth it and you won't live to complain about money again in life. most great men you see today that are financial stable, most of them are into housing. it's very safe and secured way of financial investments.

Development

Real estate development is an aspect of real estate business you will need cash to start, i'm sorry for that. it's quite an easy step to becoming a real estate millionaire in Nigeria but requires huge funds. this process is capital intensive, i'm just sounding it as a warning to you before you think of becoming a real estate developer.

A developer is someone that has all it takes to bring the future of a place to reality. a person that buys an abandoned house, renovates it to new house for higher profit margin is a developer in REB. you can choose to buy a land develop it to petrol station, restaurants, residential building, warehouse or anything according to the future you're seeing in that place, that makes one a real estate developer. RED.  

Can real estate get you rich in Nigeria? yes, start today as a real estate developer RED, to experience the massive wealth you can think of. RED are called investors in many cases. they're always awake watching the market to spot properties for sale and clients that wants to buy. this is the most lucrative part in real estate investments.

RED require funds so i advice you to start with land banking and housing to use your ROI return on investment on the already concluded project in lands and house, to serve as capital to start developing properties for higher profit margin and increasing your cash flow margin extensively. show me a developer and i will show you an investor with millions in account. 

Real estate development doesn't actually take longer time like land banking and housing because your money is speaking for you and you're using money to buy time for yourself and become rich quicker than you ever imagined.

A developer can buy an old buildings like duplex, renovates it, change to ultra-modern facilities befitting a luxurious home for kings and queens. the duplex a developer bought for 10 million naria after cost of development may spend an additional 5 million naira due to his great skills in the business, analyzing real estate market to know when to sell and when not to sell, negotiation skills and other good attributes of real estate developer, can create an avenue for the developer to sell the duplex for 50 million naira especially to clients in diaspora. if i'm correct that's a whopping 35 million naira ROI? 

Real estate development has the best profitable side of the business so does the lost aspect. in development if you're not knowledgeable enough you might lose your starting capital. this is the brain box of real estate business. learn before you earn that's the secret.

Management

Real estate management is a process of land, house and project maintenance to maximize it's efficient use. without proper management you will not get the expected ROI value of your real property. 

Some housing estate developers do hire a caretaker because they're not a good managers, to watch over their real assets of housing estate to make sure the property is intact, no delay of rental payments by tenants. less damage incurred by inmates of the house, constant water supply, constant light and inhabitable environment for living.

Real estate management skills is always best mastered from experience, field work and not necessary from college or MBA classes. i'm not saying is not good to study real estate management in colleges but you need more than a college degree to be a better manager in real properties.

Another pleasant thing about real property management is that you don't need money to start, you just need a first class management skill in REB and you're ready to go. you can start by becoming an estate caretaker, land caretaker and rental apartment manager. you make money if the property value increased.

A real estate manager with vision and discipline can grow to manage his own real properties from dividends made from managing other people's properties. that's the secret of being a real estate manager. you have to be frugal in everything including your own expenses to save money to buy more properties in your name. with that process you can become a millionaire in real estate business. REB.

Real estate managers

Can real estate get you rich in Nigeria? Yes and i believe you have seen how and why above. follow the above steps and you will be a millionaire in few years because i always tell my friends who wants to invest in real estate that it's NOT a get rich quick scheme, 

It takes time. precisely it takes years to make your expected profit in REB. i always tell people it truly worth it and after that few years, you're made forever, financially free and you don't need to be there to make money. the good news is that you can make money while sleeping after building your real estate business. that's the meaning of financial freedom.

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