From our previous article, we ventured in how to make a fortune in real estate, the source of inspiration for this series of articles is the fact that people out there don’t seem to notice the opportunity that the real estate business offers. Most billionaires world over and in Africa especially Africa have great interests in real estate. This is an indication of the potential for growth of any investment you put in real estate. Unfortunately most people think that the real estate industry is for those who have it made. The good news is you can venture in real estate with nothing and without any prior experience, in my opinion.
If you own land then you are in a great position to become a real estate player and a major one for that matter. Land is the most important factor of production in the real estate business. If you don’t own land now you can get start the process of acquiring land by aligning yourself with real estate players, and financial institutions such as Sacco’s and banks that have keen interests in real estate. Top notch real estate companies are not only venturing into development but also into value addition of land as a factor of production.
They buy bare land subdivide, service and sell the parcels to individual owners at reasonable prices. You will never go wrong by investing your money in such a scheme, the value of such properties go up very quickly as the concept gets infamous. Be sure to buy early to take advantage of discounted prices, remember the rule of thumb is, in real estate you don’t wait to buy you buy and wait.
