17/05/2023
7 WAYS TO MAKE MONEY IN REAL ESTATE
1. PROPERTY/FACILITY MANAGEMENT:
This has to do with helping to carry out regular maintenance. You serve as a "go between" for the landlord and tenants. Your duty will be to ensure that tenants adhere strictly to their tenancy agreement etc.
2. PROPERTY DEVELOPMENT:
This can either be by JV (Join venture ) what this means is that you can work in partnership with a land owner or a direct developer where you can own it personally.
As an investor, you can bring in your cash, bound, bank loan if you have access to any to build a commercial of residential houses, sell and share profit according to the investment value on an agreed ratio with your partner.
NOTR: Real Estate investment is the best tool to create wealth.
The process is capital intensive but it gives you quick money because you can do a lot of offline sales before the commencement of the building and its completion.
4. SHORT LET:
This concept helps you to make money fast. All you need to do is to lease a house, furnish it, short let it to prospective customers on a weekly or monthly basis depending. Families on vacation prefer a short let than a regular hotel.
5. COMMISSION AGENT:
You can get your licence where it applies or do an apprenticeship to a known agent to enable you become a middle man between tenants and landlords, buyer and seller of a particular property.
6. CONSULTANCY:
You can become a Consultant in the Real Estate sector. Before you can, ensure you get the right training, certificates and mentoring from reputable organisations to enable you consult for people or organisations.
7. LAND BANKING:
This is process of aggregating or acquiring land for future development or investment.
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