Real estate investing doesn’t come with a map, and the road to riches is often winding.
It’s sad to know that no government is preparing for poor people in the society to own properties.
Many live with a dream hanging in the hand of their government believing that one day they will become a REAL Estate Owner through their government plans. It’s always a dashed dream. Real estate is meant for a class in the society, people who are ready to stand for it not a day dreamer. It’s known as the custodian of wealth and inheritance that keeps some people permanently on top in a society.
The tussle to be a REAL Estate Owner in this part of the world is tougher because *there is little number of location that enjoys good planning and infrastructure since 1960 to 2019,* 59years ago by the government.
*Unreliable Access to mortgage is another cause;* for instance NHF, you’ve access to maximum of *#15m* with a lot of conditions such like, look for a finished building with title document that’s not more than what you are to be given.
*While the easiest way to own a dream HOME is buying from off plan when the building is under construction.
* We know that very few people were able to face the rigour of processing a title document that is intentionally keeping people permanently poor by our government which can take 5-10years before it’s issued. This tough process created by bureaucracy and kickback have made many houses in our country without title documents leaving only few who had c of o in 70/80s to recycle their titles in form of governor’s consent to new property owners.
*Things to Do to Put Yourself on this Success Lane.*
1. My Advice is plan your life on daily basis with the little income you’re able to make through formal or informal sources of your cash flow. *Save for a small property.*
2. Listening to real estate professionals and successful investors is next to invest wisely.
3. Step on the ladder by securing a property in the growing areas of your city.
4. *Sacrifice or start at early age, don’t target the high end properties,* it’s a matter of time the earlier properties you acquire will bridge the gap for you. It’s a lift for you to attain new property’s status of your dream as you trade.
5. *Find rental properties in emerging neighbourhoods.*
Rental properties represent a great way to get involved with real estate investments. Emerging neighbourhoods offer growth potential and tax incentives for buyers. Buyers that purchase properties in emerging neighbourhoods maximize profits and ensure that their income covers their costs.
6. *Get to know your market*
When investing in real estate, it is important to learn about and become an expert in your selected market. Being well informed on the current trends, including any decreases or increases in the average rent, income, interest rates, and even unemployment/crime rates will allow you to recognize the current market status and plan for the future.
7. *Treat your investments like a business*
Real estate investing is a business and like every other business it requires purposeful planning, execution, and management.