Real Estate Business in Nigeria And How To Get Started
Make no mistake — there’s plenty of money to be made in the Nigerian real estate industry.
However, this is not a business for the faint-hearted. This is because a number of things could go wrong- people taking over or encroaching on your landed property, stubborn tenants who refuse to pay, government demolishing properties due to development projects, and the list is simply endless.
But if you are smart and you take the time to learn the ropes and you are not scared of the little risks and challenges,you would become very rich in a very short while.
There are several ways to make money from the real estate industry in Nigeria; you don’t necessarily have to be a millionaire. Here are some of the major ways to make money-:
Become a Real Estate Agent
You need very little capital to become a real estate agent and unlike in developed countries where you have to go for specialized training, go through real estate lead generations companies for business and write lots of examinations, becoming a real estate agent in Nigeria is very easy. You just need to be influential, be able to convince people, have great networking skills and be very straightforward in your dealings.