Absolutely everyone in Nigeria dreams of one day having their plot of land and a nice home to call their own. To prove that you are human, the fact that you like the finer things in life is evidence enough. However, you will want to be convinced that you need tens or hundreds of millions in the bank before you can even think about investing in real estate in Nigeria, given, well, everything! But know that despite the current economic climate, it is possible to own land or invest in real estate with even a small amount of money if you know the right measures to take. There are several low- or no-capital real estate investment opportunities in Nigeria. So today, we want to walk you through the process through which you can achieve your real estate goals in Nigeria. If you stick to these guidelines, you'll be well on your way to creating a solid investment portfolio and actively and passively growing your money.

Write Your Goals

Putting your aspirations on paper is the first step in accomplishing them. Start by documenting your investment objectives. By the end of the year, you should have how many properties in your portfolio? To that end, what specific real estate interests do you seek to pursue? You should write everything down. Many successful people throughout history have attested to the power of committing one's aspirations to paper as a first, crucial step on the path to achieving achievement. It sends a message to your brain, awakening the subconscious and revealing the path forward.

Know Your Why

The next thing to do is to figure out why you're doing this. For what reason are you putting money into this? We are all investors because we want to earn a profit, but how do you plan to make money off of your property? Real estate investments can provide lucrative returns in a variety of ways, most of which are specific to the property type purchased. It's up to the investor whether they want to buy a one-bedroom apartment and rent it out on a short-term basis or a four-bedroom detached house and rent it out on an annual basis. It's important to ask yourself, "If it's a house, do I intend to make money by renting it out or by selling it when the value goes up?" Or, if the property in question is land, do I plan to rent it out or hold onto it for future resale? These choices are not irrevocable, but knowing what you intend to do with your property might help you avoid mistakes.

Identify What You Need To Achieve Your Goals

Knowing what it will take to make your investment dream a reality in Nigeria is crucial! All of us can agree that cash is the first and foremost need for any kind of venture. That means a budget is something you'll need to work on. Put some thought into how much money you expect to make this year, and keep an eye out for mortgage options.

Now that you have a plan and a financial plan in place, you can move forward. If so, you may begin looking at potential real estate purchases. Investing in real estate is a complicated endeavour that requires careful consideration and research. Purchasing a home for your use involves a different set of considerations than purchasing a house for resale or investment purposes. You should always use caution when putting money into something new. Such as making the right locational decisions, doing thorough market analyses, making wise property selections, etc. 

Partnership For Low-Capital Real Estate Investment

Partnerships are a frequent way for people with limited financial resources to participate in real estate. If you want to buy a property or launch a real estate business in Nigeria but are unable to do so on your own, an equity partnership could be the solution. If you need more funding for a real estate deal, you can bring on an equity partner. It is up to the buyer and the partner to agree on a more workable form for the partnership, as there are other possible structures.