How I Bought A Property In Lagos For Just ₦2.5M And Sold It For ₦10M In Under 2 Years
If there is any business in Nigeria that is truly lucrative and extremely profitable, it has to be Real Estate business in Nigeria.
Most of the top billionaires in Nigeria are real estate investors.
The business is a money spinner to the highest level.
Real Estate is currently booming in Nigeria and people are making millions in it.
Today, we want to take a closer look at the business and see how you can invest in this sector of the economy (irrespective of how much you have) and make serious profit.
One thing very good about real estate business in Nigeria is that the investment opportunity is so diverse that there seem to be something for everyone.
Anyone who wish to invest can invest whether he has thousands or billions of naira, you can even invest without a dime in your pocket.
Let us see how it works.
Profit Potential in Real Estate Business
Before we proceed, we want to look at the profit potential in real estate business in Nigeria.
I bought 5 plots of land in Ikorodu area of Lagos State in 2011 where I had wanted to develop for small hotel.
I paid ₦500,000 per plot for the 5 plots excluding some minor egunje to the boys.
In 2013, I changed my mind and decided to sell it.
When I asked the estate agents how much property was going in that area, they told me the current price as at then was 2 million naira.
And that my own which is very close to the main road will go for between 2.5 to 3 million naira.
I bought five plots that was offered to me for 2.5 million then, I sold them for 2.5 million each making a total of 12.5 million and after deducting my initial investment of 2.5 million I made ₦10,000,000 in pure profit from that single transaction!
Just like that, 10 million naira gain in less than two years, which other business can give you such a huge returns on investment?
I also know a petty medicine seller who is now a multi millionaire through estate investment he started few years ago. And he started with almost zero capital.
I know how some of the millionaires in the industry started. Some of them started as small real estate agents in a kiosk. Today, they control the finest estates in Lagos, Abuja and other major cities in Nigeria.
The most reliable way to get rich investing in Nigeria is to invest in property.
If you would like to become a self made multi-millionaire and retire wealthy through real estate investing…
We have put together a special Real Estate Investing Premium Training that reveals:
Tested and proved formula to create multimillion naira business from scratch with real estate investing in Nigeria…
Click the link below to sign up now..