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The Problem With Waiting To Buy Land/Property – Clients Experiences. The reason I am writing this article today is because one of my clients had an “I told you so” moment recently and I had to write this article to reiterate what I have always said about waiting to buy real estate. Any real estate consultant will tell you do not wait to buy a land instead buy and then wait. That might seem like a catch phrase to get you to buy right now but it’s more than that. It’s a recommendation when ignored can have a big impact on your finance or on you getting the land or house in the estate you want. There are two reasons any consultant will tell you to buy right away instead of waiting. These reasons are: 1. Price increase. We’ve seen how a land went from N2million/plot to N8million within a few months.  We’ve also seen how a land went from N11million to N20million within a few months. Those who waited to buy from these estates will now have to pay these current price to buy....

Why Distance Shouldn’t Always Matter When Buying A Land In Lagos. This article is one of those that was influenced by my discussion with one of my clients. Whenever I have a discussion with a prospect or client and I feel visitors to this site can benefit from that discussion, I write an article on it and publish here. I hope you find this Lagos Real Estate Investment tips helpful. Now to the subject matter of this article. Should distance matter when investing in real estate in Lagos? The answer is Yes and No. When should Distance matter ? If you are buying a land to build on or buying a house to call a home and you have an 8-5 job that you won’t be changing anytime soon then it is important to consider how close the location is to your place of work and traffic report in the area. So that going to and from work isn’t too stressful on you. However, if this isn’t the case then trust me when I say distance shouldn’t be among what you consider when making a buying decisio...

Is It Safe To Buy Land In Ibeju Lekki With Its Excision In Process ? If you go through our list of estates in Ibeju Lekki available for sale you will notice that most of them are listed with Excision in Process as title. It simply means that they are still on the process to get the land excised. What is Excision? An Excision means basically taking a part from a whole and that part that has been excised will be recorded and documented in the official government gazette of that state. To make that clearer, here’s how omonile lawyer explained it: The land use act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to Acquire more lands Compulsorily for its own public purpose to provide Amenities for the greater good of the citizens. The Acquisition of land from the Family by the Governor who is now the custodian of all lands in the state was now empowered by the Land Use Act to take the genera...

BQ simply means Boys’ Quarter. But do you know there are 2 types of Boys’ Quarters. (1)   Detached Boys’ Quarter:   Means Boys’ Quarter that is standing on it own, not attached to the main building. It is usually at the back of the main building within the same compound. Nowadays most developers don’t build this kind of Boys Quarter again. Detached Boys Quarter is always built by individual client/landlord. (2)   Tucked in Boys’ Quarter/Attached Boys’ Quarter:   This is the type of Boys’ Quarter that is attached to the main building at the back. It is not standing alone. Most cases the person at the boys quarter cannot enter the main building from the back. Because there is always no access door that connect the boys quarter (BQ) to the main building. If at all there is an access door, is always locked from the main building and is rarely open except occasionally. Tucked in/Attached Boys’ Quarter is what most developers are buil...

There are several ways you can make money via investing in real estate:     (1)   Appreciation of Real Estate When property increases in value due to a change in the real estate market, the land around your property becoming scarcer or busier like when a major shopping center is built next door or upgrades you put into your real estate investment to make it more attractive to potential buyers or renters. Real estate appreciation is a tricky game. It is riskier than investing for cash flow income.     (2)   Cash Flow Income This type of real estate investment focuses on buying a real estate property, such as an apartment building, and operating it, so you collect a stream of cash from rent, which is the money a tenant pays you to use your property for a specific amount of time. Cash flow income can be generated from well-run storage units, car washes, apartment buildings, office buildings, rental houses, and more.   (3) ...