Are you wondering the different ways in which you can use to make money in Real Estate Business? There are different ways and in this article, we will list out the 5 different ways to make money in the real estate business.
In the world today, there is absolutely no investment that is certain.
When you invest in shares, bonds, and other investment offers, you can’t be certain as you only make money if the company you invested in keeps profiting. But what if the market collapses then what happens to your money? It disappears.
In all my years of looking for the best place to invest, I have never seen any as lucrative as real estate. This is not to say that other forms of investing are not as profitable as they are but real estate investing takes the number one spot. Before we dive into the different ways you can make money in real estate I want to explain what real estate means.
What is Real Estate?
Real estate is gotten from the term real property. Real estate can simply be described as a physical property which includes land, building and every natural resource that can be seen. This natural resource includes water, minerals, crops and so on. When it comes to the business aspect of real estate, it involves the buy, selling, renting/leasing of buildings or houses. Real estate is classified into 3 sections.
Sections Of Real Estate
Residential Real Estate: This refers to building or selling of lands and houses for individuals or family to reside. This is the part of real estate that focuses more on the dwelling of people and not for business purposes. Different structures of buildings can be done in residential real estate such as self contains, batcher, flats, duplex etc. This is most talked about real estate investment in Nigeria and all over the world.
Industrial Real Estate: This type of real estate is meant for storing or manufacturing of products. A warehouse can be said to be part of Industrial real estate. Most time industrial real estate is done where there are large lands.
Commercial Real Estate: This type of real estate is meant to produce profit for its users. Unlike the other real estates, the commercial real estate focuses on the building of schools, offices, centers health centres, hotels and so on. This is meant to accommodate large crowd looking to get one thing or the other.
Back To The Main Business
The beauty of investing in real estate is that it never depreciates but keeps appreciating over time. A land you may buy for ₦600,000 today can be worth ₦5million in the next 5 years.
Starting a real estate business can turn you into a millionaire overnight.
Since the real estate business has proven to be a profitable venture lots and lots of people are going into it. Majority of the people that invest in real estate focus more on the purchase of land and building but there are still some other ways you can make money from real estate.
Most at times, people think you must have a lot of money before you go into real estate but this article will show you how you can without having lots of money.
Without wasting much time let us jump into the 5 ways you can make money in real estate.