Smart financial strategy to maximise your investment potential.

If you're earning little money but want to invest in buy-and-hold real estate, you need a cc

\Here’s a practical formula to use:

1. The 50/30/20 Budget Rule (Modified for Investing)

• 50% – Essentials (rent, food, utilities)

• 30% – Savings & investment fund (dedicated to real estate)

• 20% – Personal expenses & emergency fund

If you can adjust your expenses and save aggressively, you can build up capital faster for your first property.

2. The BRRRR Strategy (For Long-Term Wealth Growth)

Buy → Rehab → Rent → Refinance → Repeat

• Buy an affordable property that needs minor renovations.

• Rent it out for steady cash flow.

• Refinance later to pull out some of your equity and buy another property.

• Repeat the process over time.

3. Leverage Other People’s Money (OPM)

• Real Estate Partnerships – Team up with others to co-invest in properties.

• Seller Financing – Negotiate with property owners to pay in installments.

• Crowdfunding & Fractional Ownership – Invest in real estate with smaller amounts.

4. Start with Land Banking (Low-Cost Entry)

• Buy affordable land in developing areas, hold it, and sell later for profit.

• Some plots in Epe, Ibeju-Lekki, or Ogun State start from N2M – 20M.

Here are some specific low-cost properties or land options that fit your budget

Investing in affordable land in emerging areas like Epe, Ibeju-Lekki, and parts of Ogun State can be a strategic move for long-term property investment. Here's a guide to help you navigate your options:

1. Epe, Lagos State

Overview: Epe is experiencing rapid development due to infrastructural projects like the proposed international airport and the Lekki Free Trade Zone. This growth makes it attractive for investors seeking affordable land with high appreciation potential.

Land Prices: Prices vary based on location, size, and title documents. Listings show plots ranging from ₦650,000 to ₦13,000,000 per plot.

Considerations:

• Location: Proximity to major roads and developments can influence appreciation rates.

• Title Documentation: Ensure the land has proper documentation, such as a Certificate of Occupancy (C of O) or Governor's Consent, to avoid legal issues.

2. Ibeju-Lekki, Lagos State

Overview: Known as the "New Lagos," Ibeju-Lekki hosts significant projects like the Dangote Refinery, Lekki Deep Sea Port, and the Lekki Free Trade Zone, driving demand for land.

Land Prices: The average price is around ₦26,000,000 per plot, with prices ranging from ₦650,000 to ₦35,000,000, depending on location and features.

Considerations:

• Development Plans: Areas closer to ongoing projects may have higher appreciation rates.

• Infrastructure: Assess the availability of roads, electricity, and water.

3. Ogun State

Overview: Ogun State's proximity to Lagos and industrial growth make it a viable option for affordable land investment.

Land Prices: Prices vary widely based on proximity to Lagos and urban centers.

Considerations:

• Accessibility: Land near major highways or industrial areas may offer better returns.

• Government Policies: Stay informed about state development plans that could affect land value.

Key Steps to Take

1. Define Your Budget: Determine how much you can afford, considering additional costs like legal fees and land surveys.

2. Conduct Due Diligence: Verify the land's title documents and check for any encumbrances.

3. Engage Professionals: Consult with real estate agents, surveyors, and legal experts familiar with the area.

4. Visit the Site: Personally inspect the land to assess its condition and surroundings.

5. Plan for the Future: Consider the area's development prospects and how long you intend to hold the property.

By carefully selecting and verifying affordable land in these regions, you can set a solid foundation for your buy-and-hold real estate investment strategy.