How Land Flipping Works In Nigeria

How Land Flipping Works In Nigeria

What is Land Flipping?

Land flipping is a type of real-estate investment that involves buying lands at a low price and selling at higher prices to make huge profits. This type of real-estate investment is profitable when land buyers buy land in an area that’s rapidly growing. You can make up to 300% on your investment in a few months or in some cases a few years.

Why land flipping is an incredible form of reaping profits:

Value Appreciation Of Land

The value of land compared to other forms of investments like cryptocurrency or stocks doesn’t fluctuate over time. Preferably, the value of land appreciates by day. In Lagos in particular, the value of land (depending on the location) can increase by up to 30% in one year. Certain areas like Lekki Phase 1 have seen a 500% value appreciation in the cost of land in just five years.

Lower Maintenance Cost

Land unlike other forms of real-estate investments require minimal maintenance. With buildings, you’d need to renovate frequently to maintain the integrity of the property. With land, you can let it sit fallow for years without spending much in maintenance and it will still appreciate in value. Land flipping is the ideal business for people who have low start-up capital and still want to reap huge profits within a short time period.

Ease Of Managing The Investment

One of the downsides of other forms of real-estate investments like rental properties is dealing with tenants, tax issues and other issues associated with maintaining buildings. We all know the stress that property owners face when it comes to relationships with tenants, government, etc. One bad tenant could cause a landlord to incur unnecessary expenses or deal with delayed payments. Flipping lands cut off all these contingencies. Plus, it’s easier to sell lands.

 

land-flipping

 

Read more: How to recognise a good land sales deal

 

Ease Of Sale

With lands, there’s relatively no need for special effects pictures or need much advertisement before selling the land. All you need is buy land in a fast developing area and wait for buyers to come knocking at your door, plus it’s easier not to have any emotional attachments on lands. It’s possible to resell land without the help of a realtor. You can take advantage of the many websites available to get the deal closed from the comfort of your room. The simplicity and stability that comes with owning the right piece of land, bought at the reasonable price, surpasses a wide range of problems that come with other forms of problems involved in other types of real-estate investments.

Very Little Competition to Deal With

Buying land spares you the stiff competition that comes with every other property on the market. Plus, as a land investor, you can call your own shots.

How To Make Money Flipping Lands

The key to making money from land flipping is determining the most advantageous location. Like we said earlier, people generally procrastinate doing important stuff like investing in areas that are developing. Most people would rather wait until the area has attracted value and relatively more costly before investing. Significant examples of this is the current rush to own property in areas like Lekki, V.I, Ikeja and many others.

What makes a smart land flipper is the ability to identify potential high viable areas and buy lands while the prices are still relatively low and then wait for the ‘procrastinators.’

Olatunji discovered this the easy way, and he has this to say,

“By this time five years ago, I had a pump in my salary, and I was actively looking for opportunities to invest. After going through a couple of options, I decided to invest in buying two plots of land at Ibeju-Lekki at N 800, 000 each. At that time, it seemed odd, all my friends asked why I would go so far to buy land. I reasoned that, if a Free Trade Zone was taking root there, it was only a matter of time before the value of lands around there appreciates. Anyway, I recently resold these two plots for N 5, 300,000 each. That’s an ROI 662.5% in five years. If I waited for a little over two years, I’d have undoubtedly made a 1000% ROI. I’m going further down to acquire more lands and wait.”

To make huge profits in flipping lands, follow these tips:

  1. Research thoroughly, pick out areas that are rapidly developing, have the potential for developing in future or already developed areas. Depending on the location and economic viability, certain areas mature faster than others. If you’re opportune to acquire land in a more developed area at a fair price, go for it. More developed areas are the easiest to flip in a couple of months and earn profits compared to developing areas. Developing areas may require a couple of years to fully appreciate.
  2. Ensure that the seller is the rightful owner of the land and has complete land documents including a Certificate of Occupancy or a Governor’s Consent. Avoid lands with inconclusive land titles like Excision in Process or Gazettes. Since you’re reselling, you must avoid getting caught up in land title issues. Go for clear, genuine lands with the appropriate land titles.
  3. If you’ve secured the perfect land at an ideal location, do some work on the land. Clear the land, create a path or road to the land. Get a surveyor to get the area marked and craft a brilliant description of the area; highlighting advantages to cajole a potential buyer to opt in.
  4. If you cannot write professionally, employ the services of experts in the field and then, run adverts on the land, utilizing the numerous social media sites and other forms of advertisement.
  5. Avoid getting attached to any property, so it’s easy to let go and sell to someone else. Always keep in mind that it is business, and you’re out to make a profit.

Conclusion:

Interested in investing in real estate? Here’s a once in a lifetime opportunity to invest in Ibeju-Lekki. LekkiVale Estate located along the Lekki-Epe expressway opposite the proposed New International Airport with a valid C of O is our fastest selling estate with ROI of up to 150% in the next three to four years.

 

 

Also read: What makes LekkiVale Estate stand out from other estates?

 

Call in today at 0908123456409095757575. Send us an email at info@sevicpdc.com and let us give you the investment of a lifetime.

You can also chat with us on WhatsApp: 09095757575 09081234564

 

How To Verify Land Titles In Lagos

How To Verify Land Titles In Lagos

This is a story based on a businessman who failed to verify the land title on the property he bought.

Segun Abeju is a businessman who decided to invest in real estate. His decision was based on the need to secure long-term investment and a retirement plan. After talking to an old friend about his plans to buy a few plots of land, his friend claimed to know a family who was selling off parts of their large estate at a give-away price at Sangotedo. 

Segun saw this as an excellent opportunity to cash in and immediately bought into the idea. He was confident that his friend was handling the transaction. He went ahead to make the first deposit of N4,000,000 to his friend’s account. Later that week, his friend scheduled a site visitation to inspect the land. Segun noticed the shabby signboard at the entrance, but his friend argued that since it was a family property, they hadn’t bothered with maintenance. Segun didn’t mind, after all, the land reportedly had a C of O. He didn’t know much about verifying land titles. He didn’t want to bother himself with the stress.

Two weeks after the site visitation, Segun didn’t hear anything from his friend. He tried calling him several times yet no response. It was one excuse after the other with this said friend. After a month of no headway, Segun decided to take matters into his hands. He went out to check the land for the second time, in an attempt to get in touch with the family that owned the land. 

To his surprise, everything had been an act. There was no signboard and even the man who had posed to be the first son of the family was a paid actor. It turned out the land belonged to the government.
For months Segun struggled to get a hold of his friend but to no avail. He later found out had travelled out of the country.

Segun couldn’t believe he had been scammed. In his words, “God will punish all those peopleit will never be well with them. I cannot believe my own so-called friend did this to me.

As sad as it sounds, Segun is just one out of the many Nigerians that fall into the trap of fraudsters. When it comes to acquiring propertyverification is a crucial process. It doesn’t just end at inspecting the property. You need to ensure the land you inspected is owned by the seller.

 

land-flipping

 

Recently, we had another client who had been previously cajoled into buying a property he thought had a C of O. It turned out the land document he had seen belonged to another property, completely different from the property he had inspected.

 

Benefits Of Verifying Land Documents:

  • It shows proof beyond doubt of the validity and ownership of the property.
  • It acts as a form of insurance.
  • It also gives you the freedom to do anything you want with the property; either construction or re-selling.

Don’t just go for a site inspection. Always ask for a copy of the land documents. Take these land documents to the The General Surveyor’s office at Alausa, Ikeja.

Read more: The ultimate land buyers’ checklist 

How to Confirm the Authenticity of a Property Title

  • Ask for a copy of a survey plan and get a Surveyor to ensure the site you’ve visited fall within the stipulated survey plan.
  • Ask for a copy of the land document. Check the authenticity of land documents at the Land Bureau at Alausa.
  • Use the coordinates to cross-check what the plot of the land has been set aside for at the Master Plan in the Ministry of Physical Planning. Avoid lands that have been set aside for agricultural purposes or allocated for government use. Stick to lands allocated for residential purposes.
  • Demand to see the layout plan and pick a suitable plot.
  • Find out if there’s an ongoing dispute or litigation over the land. Find out if the land was inherited or bought. 
  • Make sure dates check out. Cross-check documents to ensure they aren’t fake. 
  • Document every single part of the transactions involved in buying land in Nigeria. From the cost of land to the survey fees. Treat every land transaction as it should be, a business transaction. 

It doesn’t matter is the person you’re buying from or interfacing with is your uncle, aunty, bossfriendpastor make sure they provide all the documentation you need before proceeding to make payments. 
Also, take the time to read the documents you’re given carefully. 

 

 

Also read: How to get the best land deals in Nigeria.

Got Questions? 

Great! We’d love to help
Call us today to find out more about investing in real estate in Nigeria. You can call us right now to book a land inspection at 0908123456409095757575 or send us an email at info@sevicpdc.com

You can also chat with us on WhatsApp: 09095757575 09081234564

Real Estate: The safest investment option in Nigeria

Real Estate: The safest investment option in Nigeria

It takes money to make money.

Someone once told me to forget about building wealth if I wasn’t willing to take the risk of investing in long-term ventures. They are typically two types of investments; long-term investments and short-term investments. Each option comes pros and cons. Typically, the economy you find yourself in determines the sort of business you should invest in.

Nigeria is an emerging, middle-income, mixed economy with rapidly expanding manufacturing, financial, service, communications, technology, entertainment and real-estate sectors. Although fairly stable, the Nigerian economy is immensely influenced by its political stability and transference of power. Each political tenor typically comes with new policies and in most cases, hinder the furtherance of the past tenor’s developments. In a country that works like this, investing in real estate is one of the safest investment options that hardly succumbs to the frequent political alterations.

Real estate is the quickest way to build wealth (not overnight) in a lifetime. It is largely a numbers game. Investing in real-estate is not reserved for the financially buoyant, it’s an open playing field that guarantees good financial returns and you can be a part of it.

Read what Pastor Paul Adeferasin, Head Pastor of the House On The Rock Church has to say about investing in real estate in Nigeria:

10 years ago, we bought House On The Rock, an area just under 10 acres for ₦25 million. This same area without the brick and mortar is currently valued at ₦3 billion. In other words, we’ve created an asset base with 10 years differential of ₦3 billion with just ₦25 million. With the fully finished and furnished building, the value spirals to at least ₦10 billion naira today. What about 50 years from now?

(Text has been revised and paraphrased)

 

houses-for-sale

 

How Can You Benefit From This?

The value of the property appreciates over time. There are various ways to invest in real estate, however, this article focuses on land acquisition. The simple rule of thumb is, buy low, sell/lease high, save profits and re-invest in acquiring more properties. This is how to exponentially grow your real-estate portfolio particularly if you’re just starting out.

Go For Land

Acquiring land gives you the opportunity to start on a small scale, with minimal maintenance. Land can lay fallow for years and still appreciate in value compared to a property that needs constant maintenance and a truckload of cash. However, with acquiring lands, you need to tap into the gift of foresight; see where the future is going and get there before the crowd does.

Today’s most lucrative estates where once seen as far-off and unreachable. For instance 10 years ago, the Lekki region was extensively swampy and seemed to have low prospects of growth. At this time, the lands were inexpensive and seemed unprofitable. 10 years down the line and a plot of land (if available) in this area is worth millions.

What Makes Nigeria Such A Fabulous Location?

Rapid Growth Rate

As reported by Worldometers, Nigeria’s current population is 197,363,050 based on the latest United Nations estimates. With a population density of 215 per Km2 (557 people per mi2.) 51.0 % of the population lives in urban areas (99,967,871 people in 2018)

The median age in Nigeria is 17.9 years. (An actively growing population) The total land area is 910,770 Km2 (351,650 sq. miles); an amount that’s relatively fixed.

With the above statistics, this is a good place to quote Mark Twain.

“Buy land. They’re not making it anymore.”

Nigeria’s economy is growing and has an exploding population rate, coupled with its tenacity of its people, buying land is the surest way of securing your future and building wealth.

 

Read more: Top ways to save and invest in real estate.

How to spot a great location for land acquisition?

The smartest decision with buying land is the location. Choosing the right location to buy land is EVERYTHING. In choosing where to buy land, consider the following the following factors:

  • The economic growth potential of the region
  • The level of immigration
  • Infrastructural developments
  • Nature of land; is it prone to flooding?

The biggest mistakes investors make is buying overpriced land in an economically declining area and yet expecting a high ROI in a few years. While the value of land appreciates, there are areas that appreciate faster than others. Some might take 10 years, while others take 5 years.

Find out where the industries going. Consider the history of the area. Is the area prone to social, political or religious riots? Where are multinationals pining their tents?

Keep in mind: where companies go, young people go; where young people go, smaller businesses follow and then, the demand for housing needs shoot up.

 

Also read: The ultimate land buyers’ checklist 

Always Compare Prices

Just because you have gotten the perfect location doesn’t mean you should pay the first amount they ask for. Always compare the price of the land with the neighbourhood. Strive to get the best deal possible, baba ask questions. Most importantly, ask for the land title.

 

An interesting piece to read: Land Titles and how it affects your investment

 

Choose LekkiVale Estate

LekkiVale Estate is located at the heart of Ibeju-Lekki. Ibeju-Lekki is generating all the buzz in the economic development sphere in Lagos state. This region is expected to be the prime commercial hub of West Africa by 2025.

LekkiVale Estate presents the perfect opportunity to invest in this booming region. Lekkivale Estate is 100% dry land with a Certificate of Occupancy. Call us today at 0908123456409095757575 for more information or Send us an email at info@sevicpdc.com.

You can also chat with us on WhatsApp: 09095757575 09081234564

Let’s give you the best investment deal of your life with a guaranteed 150% ROI in three to five years.

 

Landlord: Benefits of being a land owner

Landlord: Benefits of being a land owner

We’ve all had or have a landlord, at least most of us. Although you might not like your landlord, you must admit you need the housing services. Being a landlord isn’t as complex and time-consuming as it appears to be. Here are the top seven benefits of becoming a landlord: (more…)

Real Estate in Nigeria: How LekkiVale Estate stands out from other Estates

Real Estate in Nigeria: How LekkiVale Estate stands out from other Estates

Real Estate in Nigeria is a very lucrative business and here are the top ten reasons that make LekkiVale Estate stand out from other Estates:

Residential real-estate developments are increasingly popular in Lagos as the demand for affluent living soars. But, not all estates in Lagos meet the expectations of its residents. LekkiVale Estate is a low-density residential development, offering you total opulence at the heart of Ibeju-Lekki. LekkiVale Estate is primarily developed to provide housing units to the growing demand for comfortable and affordable homes at the Lekki Peninsula. This estate has taken into consideration all that’s needed to transform a home into a rus in urbe.

 1. Dry Land

LekkiVale Estate is spread across 6 hectares of 100% dry land. It has good soil properties that drain rapidly after a heavy downpour. Lagos’ climate is primarily wet season than dry season which, triggers flooding in certain parts of the city.

Estates located along coastlines run the risks of being flooded during the wet season. Living in an area prone to flooding can damage your properties, wreck your cars and cause inaccessibility. All these can lead to downtime and increase expenses in repairing damaged properties, causing residents to lose valuable time and money.

duplex-landlord-lekkivale

A Landlord’s House

2. Leveled Land

LekkiVale Estate has eliminated the need for a sand filling. Sand filling drastically increases the cost of constructing a building. For instance, 20 tons of filling sand costs N 30, 000 (prices vary)  add this cost to the cost of land and building cost. A sand filling is required in most areas in Lagos to build a solid foundation. In a bid to cut down cost and give you more value for money, LekkiVale is strategically located on the level ground requiring no sand filling.

3. Ample Parking Space

The average middle-class Lagosian family has two cars. Unfortunately, most estates are tightly built making room for one car or joint parking space with other residents. The implication is, where to park becomes a problem or if there’s sufficient parking space for two cars, then there’s apparently no space left for anything else.

LekkiVale Estate is designed with your family in mind. We’ve taken into consideration the need for a yard and ample parking space for up to three cars (depending on the plot size). Our goal is to ensure, you finally get to host a barbecue night and invite all your friends and family over for some quality bonding time.

4. Valid Land Titles

If you’ve ever bought property in Lagos, you’d know that unless you have all the necessary land documents verified and in your hands, you’re ownership status is not confirmed. We’ve encountered countless clients who were lured to purchase property with inconclusive land documents like the ‘excision in process’ land title.

Read more: Proper land documents

LekkiVale Estate has a Global C of O. We encourage all our clients to verify the land documents before making the decision to buy. We’ll give you a copy of the C of O document and guide you on how to verify its authenticity at the Land Bureau Office at Alausa, Ikeja. We’re putting your security first to ensure you make the best deal possible.

5. Well Planned Estate roads and drainage system

LekkiVale Estate is tactfully planned and laid out to ensure ample space between buildings, well-paved roads and street lightings at every corner. LekkiVale’s drainage system is designed to carry heavy downpour and securely enclosed to prevent blockages.

6. Exquisitely Finished homes

LekkiVale Estate showcases modern architecture at its peak on this side of the west. We’re offering you five bespoke architectural designs to choose a preferred option. These architectural designs worth N200,000 will be given to you for free. Consider our architectural designs a welcome gift; welcoming you into a community that believes in family.

houses-in-nigeria

7. 24 hours Security

LekkiVale Estate implements a 24/7 top-notch security policy for the total protection of your entire family. We’ve put in place provision for 24 hours security check on entry and within the estate at strategic corners. We’re also working with local security agents to ensure prompt response in case of an emergency.

8. Stay Healthy Longer

LekkiVale Estate is designed to promote community lifestyle and encourage healthy living. Our recreational centre offers several programs to benefit every resident. Typically, people who exercise regularly have lower blood pressure, delayed onset of diabetes, lower heart disease rates, overall increased longevity and are generally happier people. Our goal is a build an active, happy community. Equally, our numerous green areas serve to freshen up the air while creating a beautiful view.

Our recreation centre contains the following:

  • Tennis court
  • Basketball court
  • Park and play area for kids
  • Swimming pool
  • Clubhouse
  • A fully equipped gym

There is something for everyone. What we know for sure is; families that play together, stay together. On the income side, properties with a recreational centre attract higher ROI over time. Fun charms everyone!

9. Central power generator and water supply

LekkiVale Estate plans to power the entire estate from a central power source. This way, you’re assured of 24 hours power and water supply. You no longer have to worry about the ‘Nigerian’ epileptic power supply.

electricity-power

10. The Ibeju-Lekki factor

Ibeju-Lekki is generating all the buzz in the economic development sphere in Lagos state. This region is expected to be the prime commercial hub of West Africa by 2025. What better way to be part of this evolving economic hub than to live at the heart of it all?

Also read: How The 2019 Elections affects your Real Estate Investment at Ibeju-Lekki

LekkiVale Estate gives you the best of both worlds; commercial excellence and nature’s glory. It’s like taking a break from a sky-high office, to dining by the beach on a workday and then, resting your head in a château.

It’s about living your best life.

Call us today at 0908123456409095757575 or Send us an email at info@sevicpdc.com.

You can also chat with us on WhatsApp: 09095757575 09081234564

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