Looking for how to invest in real estate business but don’t have enough money?
If you landed on this post through a Google search, I’m sure you already know that investing in Real Estate business in Nigeria is lucrative. It’s even more profitable when you buy land in Ibeju Lekki, a lot of development is going on on that axis. I call it, “Hot Cake Land” because real estate appreciates quickly over there.
Now back to our topic of discussion “How to Invest In Real Estate With No Cash Down”
If you want to buy a land or a complete house right now, you need money! A lot of it yeah… Depends on the location of the land or house. But you need money, that fact cannot be ruled out. What if you don’t have millions of Naira to buy and flip a property, what can you do?
You Act Like a Middle Man!
- Do you have friends or family members that are well to do?
- Do you have a Facebook, Instagram or Twitter account?
- Do you have up to 100 contacts on your Whatsapp?
- Do you worship in a Church or Mosque?
- Are you a member of your School’s Alumni group?
If you answered YES to any of these questions, then first I want you to smile… No that’s small, SMILE BIGLY (If there’s any word like that). I’m asking you to smile because I am about to reveal to you a great way to invest in Real Estate with no cash down.
First Things First… How Much Is The Worth of the Property You Want to Buy?
Let’s say, you intend to buy one of our lands in Oriyarin Ibeju Lekki. It’s about 15 minutes drive from the Dangote Refinery, the land sells for N3,000,000. What can you do to raise the N3,000,000 to buy the land if you don’t have money? I’m thinking you already know… If you remember, at the beginning of this article I asked if you have a Facebook account, Whatsapp, Friends etc.
So here’s what you can do to get the N3,000,000. We have a plan where we pay you 10% when you sell the land. There’s also another property with Certificate of Occupancy just 2 minutes away from the Dangote Seaport, this particular one goes for N7,500,000. Land around that area sells for N12,000,000 at the moment.
Now here’s the thing…
You only need to sell 4 plots of land at N7,500,000 to get N3,000,000
10% of N7,500,000 is N750,000 right?
Multiply that by 4, you get N3,000,000
If you intend to sell the property of N3,000,000, then you will need to sell 10 plots to get N3,000,000. You understand right? What if you decide to by the one of N7,500,000, then you need to sell 10 plots of the same land to get the money to buy it.
Oh But VICTOR, this thing is not that easy! Oh well, nothing good comes easy! You were looking for how to invest in real estate with no cash down and I just showed you a great way to do that. You just need to put in a bit of effort and you’d be fine.
Start with your contact list, send them a message… And no don’t just bombard them with message to buy land. Check up on them, ask them how they are doing, ask them about their family. If they ask you what you are doing at the moment, tell them you sell Real Estate.
If they know anyone who wants to buy, they should let you know. Did you read that line very well? I didn’t say tell them to buy 🙂 Don’t act like you are trying to sell to them. If they intend to buy, they will let you know. After the conversation, depends on the feedback you can follow up by sending them the list of properties you have.
Use Social Media to Your Advantage!
A lot of people have so much space to write stuffs on their social media account but sadly they don’t use it to their advantage. Are you one of them? Do you know that when you consistently post stuff about what you do on your Facebook or any other social media network you belong to, subconsciously people will always associate you with that thing.
So if you keep posting about Real Estate, one day your friend that needs to buy a property will remember you. People easily buy from people they know and trust. So keep posting and talking about your Real Estate business. I know of a guy who made a post on Facebook, the next two days he got a call and guess what? He sold 5 plots of land in one deal.
You can actually sell land from the comfort of your home by using Facebook ads. Yes, but you need to be really good at it so you don’t waste your money. It’s really not rocket science, with Facbook ADS you can target people based on very specific demographics.
You can target based on their age, gender, location, interests like “Real Estate Investor, People Staying Abroad etc”. Do you want to learn how to set up Facebook Ads like a pro? Benahill has got an amazing course, very detailed that a Secondary school student can set up ads and start profiting from it immediately. Click Here to Get It
- If you’ve got an Instagram account, USE IT
- If you have a Twitter account, USE IT
- If you have a Whatsapp account, USE IT
You can also print fliers and hand it over to the guys on the street to share the fliers. Don’t just go about sharing fliers though, the flier has to be targeted. For example you can print fliers with a target audience in mind. One flier can target people who work on the Island (Marina), you’d find a lot of Bankers on that street. What if you could write a pitch on the flier directed at them.
You can also pay the guys in charge of the car park, doesn’t cost much. You tell them to permit you to stick fliers on the windshield of the cars. Makes sense right? Just get to work and find out what works best for you. As soon as you sell a couple of plots, you can then go ahead and acquire your own land. SIMPLE!
Now that you know how to invest in Real Estate with no cash down, what next? You can sign up with a Real Estate company, then get all the materials you need to start working. Click Here to Register With a Reputable COMPANY