Naija Estate Deals

18/06/2021

Is real Estate really Profitable?

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth.However, you need to make sure you are ready to start investing in real estate. For one, you will need to put down a significant amount of money upfront to begin real estate investing. Buying a home apartment complex, or piece of land can be expensive. That’s not to mention the ongoing maintenance costs you’ll be responsible for, as well as the potential for income gaps if you are between tenants for a time.

Here’s what you need to know about investing in real estate and if it’s the right choice for you
Pay With Cash

Many financial experts warn against borrowing money to purchase investments. You should consider this before you purchase a piece of investment real estate. If you can’t afford to pay cash for the home, at the very least, you should be able to afford the mortgage payments, even without rental income.Think about it: With renters, there can be high turnover. You may also experience a time where you have no renters at all for the property. If you can’t afford the mortgage payment without the rental income, it may end up being more of a financial burden, rather than a means of building wealth. Plus, if you can’t pay the mortgage, it could end up damaging your credit, which will cost you money in the long run.

Read More >> https://www.naijaestatedeals.com.ng/is-real-estate-really-profitable/

14/06/2021

Looking for an amazing apartment to buy out this season.Here is the BEST DEAL Property.

- Self serviced
- 5 bedroom + 1BQ fully detached
- Individual compounds
- 2.7m high solid doors made of cedar wood
- Rooftop terrace
- Fully fitted kitchen
- Automated gate opening
- A spacious/luxury masters and madam bedroom with a kitchennette ensuite
- Inbuilt speakers
- High Italian marble finish on staircase and entrance lobby
- Spanish vitrified floor tiles

Price:
* 140M (Asking Price)

Whatsapp/Call:- 08144446062

08/06/2021

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth.However, you need to make sure you are ready to start investing in real estate. For one, you will need to put down a significant amount of money upfront to begin real estate investing. Buying a home apartment complex, or piece of land can be expensive. That’s not to mention the ongoing maintenance costs you’ll be responsible for, as well as the potential for income gaps if you are between tenants for a time.

Here’s what you need to know about investing in real estate and if it’s the right choice for you

Pay With Cash

Many financial experts warn against borrowing money to purchase investments. You should consider this before you purchase a piece of investment real estate. If you can’t afford to pay cash for the home, at the very least, you should be able to afford the mortgage payments, even without rental income.Think about it: With renters, there can be high turnover. You may also experience a time where you have no renters at all for the property. If you can’t afford the mortgage payment without the rental income, it may end up being more of a financial burden, rather than a means of building wealth. Plus, if you can’t pay the mortgage, it could end up damaging your credit, which will cost you money in the long run.

02 Jun Is real Estate really Profitable? Posted at 10:33h in Appartment, Facilities, Maisonette, Penthouse, Suite by admin 0 Comments 1 Like Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over t...

07/06/2021

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth

However, you need to make sure you are ready to start investing in real estate. For one, you will need to put down a significant amount of money upfront to begin real estate investing. Buying a home apartment complex, or piece of land can be expensive. That’s not to mention the ongoing maintenance costs you’ll be responsible for, as well as the potential for income gaps if you are between tenants for a time.

Here’s what you need to know about investing in real estate and if it’s the right choice for you.

Pay With Cash

Many financial experts warn against borrowing money to purchase investments. You should consider this before you purchase a piece of investment real estate. If you can’t afford to pay cash for the home, at the very least, you should be able to afford the mortgage payments, even without rental income.

Think about it: With renters, there can be high turnover. You may also experience a time where you have no renters at all for the property. If you can’t afford the mortgage payment without the rental income, it may end up being more of a financial burden, rather than a means of building wealth. Plus, if you can’t pay the mortgage, it could end up damaging your credit, which will cost you money in the long run.

Plan out All of Your Expenses

When purchasing real estate for investment purposes, you need to consider the cost of taxes, utilities, upkeep, and repairs. Often it is easier to go through a rental company and have them handle things like repairs and rent collection. While this will cost money, it will help ease the burden of owning a rental property. Especially if you don’t have time to do everything that needs to be done at your property, using an agency is a good option.

You need to price your rental property so that all of these fees and other expenses are fully covered. Additionally, you should take the first few months of surplus money and set it aside to cover the cost of repairs on the property. It’s also important to have insurance on the property (and plan for the cost). You should also be prepared to deal with additional costs and other situations as they arise, perhaps with a sinking fund for the property.

Research the Property Carefully

If you are purchasing land that you plan to sell at a later date, you need to research the land deed thoroughly. Find out if any new roads are planned close to the land you purchase and consider how that will affect the property value. Also, be sure there isn’t a lien on the property. You may also want to consider things like the comparables in the neighborhood, including whether the area is up-and-coming, and other external factors that could affect the property value.

Once you have done your research, you should be able to make the correct decision about purchasing it as an investment. Investing is always a risk, so keep that in mind. You may make money on your investment, but you could lose money as well. Things may change, and an area that you thought might increase in value might not actually go up, and vice versa

Start Small

Some real estate investors begin by purchasing a duplex or a house with a basement apartment, then living in one unit and renting out the other. This is a good way to get your feet wet, but keep in mind that you will be living in the same building as your tenant.

Additionally, when you set up your budget, you will want to make sure you can cover the entire mortgage and still live comfortably without the additional rent payments coming in.

As you become more comfortable with being a landlord and managing an investment property, you may consider buying a larger property with more income potential. Once you own several properties, it becomes easier to purchase and manage more properties—and earn a greater return on your investments.

For an amazing affordable Home for Purchase;Call 08144446062 today

06/06/2021

7 land documents you must know before buying a land in Nigeria

There are 7 Basic title documents relevant to landed property ownership in Nigeria which are:
• CERTIFICATE OF OCCUPANCY

A C of O is the officially recognized Land Document for demonstrating Right to a Land. It is a Land Document given by the State Government which officially leases any land under the state to the applicant for 99 yrs. As previously known, all lands belong to the Government.

• DEED OF ASSIGNMENT/CONVEYANCE

This is a very important document that must be demanded and given to a purchaser after the conclusion of any land/property transaction between such Buyer and the Seller of the property in question. The Deed of Assignment contains very pertinent information for a real estate transaction. For one, it spells out the date when the ownership of the property transfers from one owner to the other. The deed also gives a specific description of the property that is included in the transfer of ownership.

• DEED OF LEASE

It is also known as Governor’s Consent. This land document is obtained whenever you buy land with C of O. It’s the land document that lets the Governor and the general public know that the land in question has changed hands. The Deed of Lease was used to transfer property especially government properties in Ikoyi, Surulere, Victoria Island axis of Lagos state during the mid-70s and 80s after the promulgation of the Land Use Act. These lands were mostly federal government lands and high profile lands and it was the first foray into the issuance of the certificate of occupancies for the first time to people.

• DEED OF SUB-LEASE

This is another relevant legal document duly signed and stamped indicating land and landed property transaction between a leaseholder of land sub-leasing his/her unexpired lease term to a third party.

• LAND CERTIFICATE

This is a document of title as to the ownership of a piece or large parcel of land. Prior to the promulgation of the Land Use Act of 1978, it was issued by a government’s land registry for registered freehold or leasehold lands in Nigeria. Land Certificate was usually issued to owners of landed properties when the Property Conveyancing Law of 1959 was still in effect.

• DEED OF MORTGAGE

It is a security for a loan with an undertaken for repayment and cesser upon recovery. The common types of mortgage transactions are; Equitable Mortgage and Legal Mortgage. Legal mortgage is a type of mortgage which transfers the legal interest one has in the property, whether leasehold or freehold in consideration for loan advancement while Equitable Mortgage transfers just an equitable interest in the property to the mortgage.

• SURVEY PLAN

This land document shows the boundary measurements of a parcel of land to give an accurate measurement and description of that land. It reveals the true ownership status in any properties’ transactions. It also helps to reveal if such land is not under any government acquired or committed lands/area.
Surveyors are the people who handle survey issues and they are being regulated by the office of the Surveyor-General of the state where the property is located.

Naija Estate Deals is a property development company in Nigeria that offers a complete portfolio of real estate investment services in Lagos, Nigeria.
We are a team of enthusiastic and dedicated real estate professionals always on hand to provide property investment opportunities and insightful advice on all your property needs.

Need help purchasing properties with verifiable documentation?

Please Call 08144446062

02/06/2021

"Do you know that 60% of C of Os in Lagos are fake"- Lagos State House Of Assembly

01/06/2021

"OMO-ONILE FEES"

Have you been presented with this kind of bill from the Omo-oniles before?

-To put Foundation on the land N1800,000
-To collect the Deed of Assignment as proof of purchase of the land and receiving your money N260,000
-To fence the property as a precaution against Land Fraudsters N180,000
-To put a structure on it with Decking N280,000
-To Construct a Roof on the property N200,000
-Community Money for coming into their Village to buy a land N100,000

Have you been presented with this kind of bill from the Omo-oniles before?
Please tell us your story in the comments section so that we can find a lasting solution to this extortion disguised as 'Omo-onile signing fee.

Call :- 08144446062 for Best

26/05/2021

Imagine if you have all the money and want to buy your house.
Where in Lagos will you like to build your house and why?

- Mainland or
- On the Island.

Drop your answer with reason for each choice.

26/05/2021

BEFORE YOU BUY ANY LAND IN NIGERIA, CHECK THIS [PART 1]

Doing due diligence (investigation), probing the validity and authenticity of a property is essential thing before paying money. It allows to avoid falling into a scam or acquiring series of liabilities with the asset in question. Many had fallen victim of fake lands or land with fake papers. There are cases of lands sold by scam estate agents which were discovered later to be someone else’s land.

Investigation is essential thing as it can disclose a lot of problems and secrets behind a land or other property for sale. Here are just a few examples:

• It reveals hidden costs or unpaid fees like accumulated land use charge, tax and so on.
• It allows to get trusted info about actual size and topography of the land in question.
• It helps verify the real owner of the property. You do not want to give your money to someone who has nothing to do with property you are buying, right?
• It reveals the exact location of the property and the neighborhood it is located (current one and future one), the social amenities surrounding it and potential problems which can appear in near future. For example reveals the possibility of acquiring land close to or under powerline route, oil or gas pipeline route, filling station, gas station.

How to Do a Due Diligence (Investigation) for a Land in Nigeria. You need follow 5 basic steps:

1. CHECK CAREFULLY OWNER’S DOCUMENTS

To be more specific, you need to request from seller following documents (or good quality photo copies of documents):
– Certificate of Occupancy (C of O)
– Power of Attorney (if you are buying not from the owner)
– Tax Clearance Certificate
– Survey Plan
– Deed of Assignment. A deed of conveyance or assignment traces the history of how the property or land has reached the present owner till date.
It is very important that you have a good property lawyer before embarking on land/property purchase. Reason being that your lawyer is the one who ensures that you don’t run into legal trouble with land/property documents after purchase. It’s your lawyer’s job to verify the authenticity of any title document backing the land/property.

2. INVESTIGATE TAXES AND OTHER FEES

Check for the payment of land use charge by the owner on the land. Any land with C of O attracts this charge on an annual basis. If the owner refused to pay this charge it will accumulate and would be inherited by the buyer. You might want to check this out before making payment. Finally find out any other charge or fee on the land. Only when having full info you can decide how to proceed.

3. MAKE A PHYSICAL INSPECTION

After verifying the authenticity of the documents request to be taken to the location of the land or any other property – house, apartment etc.. Confirm the size and condition of the property to find out if it is the same with what is in the documents. Also pay attention to following things:

– Filling station: be sure your neighbor is not a filling station or someone who wants to build a filling station after purchase.
– Proximity to the highway: There is government regulation as to the distance from the road to properties. Confirm to discover these because sometimes in the future road enlargement could mess up your property.
– Power-line route: Check the distance between the land and power-line route because there are specific guidelines as to the how close a property should be to power-lines. Apart from regulations it is dangerous to build under a power line route.
– Oil and gas route: Check the proximity of the land to an oil and gas pipeline so as not to contravene the law against closeness to one of these.
– Waterways: ensure the land is not located on or dangerously close to a waterway or major drainage because of governmental regulation and flooding.
– Infrastructure and other advantages listed by seller – condition of the roads, neighbors etc.

Drop Your Questions, and I Will Answer Them Properly
Also have Good and Cheap lands in Lagos for sales right.

Call :- 08144446062 for Best Naija Estate Deals

WATCH OUT FOR PART 2!

26/05/2021

Benefits of Investing in Real Estate today with us

Real estate investment is the purchase of a future income stream from property and can offer several advantages over other types of investments, including potentially higher returns, stability, inflation hedging, and diversification.

Before you set forth with buying your first rental property, make sure you conduct real estate market analysis and consult a real estate professional. If you want to reap financial rewards from investing, you have to make wise and calculated real estate investment decisions in order to grow and diversify your portfolio. Do not depend on luck to win you money in real estate, there is no magic formula, it is all about studying your potential investment before closing any deal. Moreover, if you want to succeed in this industry, you have to know everything about real estate including the benefits you will gain in the short and long term. So let us get started: we will give you 7 major benefits of investing in real estate today.

1. Steady Income

The majority of people invest in real estate for the steady flow of cash they earn in the form of rental income. This passive income is a huge incentive to get you started and buy your first rental property. Depending on the location, you could be earning significant income to cover your expenses and make you extra money on the side. Urban cities or towns with colleges and universities tend to reap higher income because the demand is always high in those areas. If chosen wisely, you can secure a steady flow of income for a long time and even save for retirement. And you do not have to stop at investing in one property at a time; you can pick up the pace and invest in multiple rental properties all at once to increase your positive cash flow and diversify your real estate investment portfolio.

One tip to keep in mind: location, location, location is key to smart real estate investing. Don’t forget to choose a prime location to reap off the benefits of investing in real estate.

2. Long Term Financial Security

The benefits of investing in real estate provide investors with long term financial security. When you have a steady flow of cash in succession, the rewards of this investment bring on financial rewards for a long time. Owning a rental property can afford investors a sense of security because of the property’s appreciation in value over time. This means that your property’s value is most likely going to increase because land and buildings are appreciating assets. With that said, however, there is no guarantee the value will increase indefinitely. That is why it is always recommended to thoroughly research the location before closing the deal on the house of choice.

4. Mortgage Payments Are Covered

The benefits of investing in real estate include your tenants as well. Simply put, the rental income you receive each month is more than enough to cover your expenses, including your mortgage payments. Essentially, your tenant is actually the one paying your mortgage. That is why it is important to keep your tenants happy and avoid or mitigate the negative repercussions of vacancy at all cost.

5. Real Estate Appreciation

If you already are in real estate investment or are just starting out, you do understand that real estate is not a short term investment plan. On the contrary, the benefits of investing in real estate include the appreciation of capital assets (aka land) over time. In other words, your property’s value will be worth way more 30 years from now, hence why investors are in it for the long run.

6. Inflation

One of the benefits of investing in real estate is a hedge against inflation. With high inflation, your rental income and property value increase significantly. Real estate investors welcome inflation with open arms because as the cost of living goes up, so does their cash flow.

7. You Are Your Own Decision Maker

Forget about your 9-5 boring job, the best part about real estate is becoming your own boss. Just like any other business, you have the complete autonomy and control over your real estate investment strategies as well as your failures and successes. You call the shots on which property to invest in, the tenants who will live under your roof, how much rental income to charge per month, and who will manage and maintain the property as a whole. The benefits of investing in real estate make you your own decision maker.

Many recognize the benefits of investing in an income property to reap financial rewards as well as financial security for a long time. If you made up your mind after reading about the benefits of investing in real estate, talk to us via 08144446062 for the best ESTATE DEALS anywhere in Nigeria.

Call us today!

CALL 08144446062 for the best Naija Estate Deals