Long Term Real Estate Investment Brings In The Desired ROI, Here Is How To Achieve Your Goal
- Posted by Opeyemi Quadri in Real Estate Investing
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You’ve probably heard investors talk about 120%, 150%, 200% Return On Investment (or more) in real estate, it isn’t a pyramid scheme.
ROI in real estate investment isn’t something you should expect to get in hours or within 30 days (if you aren’t reselling a distressed sale).
Get it right, real estate isn’t a get rich quick, but when you’re patient, watch your investment grow, you could see your worth boom.
If everything is done right, within a period of 5 to 10 years, you could worth billions of dollars (if you’re only worth million at the moment) or naira, depending on your location.
What you should do when investing in real estate
Remember that money is made through real estate when the property appreciate due to: 1) location and 2) development.
When that’s done, you can continue to generate income from your property when it’s rented for: 1) commercial use and 2) residential use.
Whatever the purpose, let long term be your guiding principle. As you do this, ask three major questions:
- Who are my neighbours?
- What’s the cost of rent and lease in the location?
- What would it be in the next one year?
If you do your projection right, you can say how long it will take to recoup your money while your investment continues to lay the unending eggs.
YES, returns on real estate is unending if you bought the legitimate property in good location and you continue to upgrade the property.
Even after your death, your offspring will thank you for your efforts when you’re alive.
Real estate and long term will definitely bring in the desired Return on Investment for you to achieve your goal.
Long term is the key in real estate!
Photo credit: Kevin The Investor