The real estate world is one with lots of unending opportunities. Asides the fact that it affords one the possibility of owning a home; it is a rewarding investment to venture into. This is because of its unique indestructible characteristic and its ability to appreciate with the passage of time. While real estate can be a very great investment, picking a wrong property can be a disaster. Below are some of the thoughts to consider before embarking on any real estate investment: Income stability Life situation Property goals Location Income Stability: This is the most important factor up for consideration nothing is more risky than investing without assurance of income stability. No one wants to be avoiding real estate officers follow up calls due to delay on the basis of failure to pay up their monthly instalments. It’s embarrassing and never a pleasant situation when it happens. So please ensure that you choose a realtor with a flexible p...
photo credit: buzznigeria As unimportant as this question seems it has the ability to make you remain in your current financial state or put you on a pathway to wealth forever. A lot of answers can be given in response to this question, lets analyze some below; 1. The Bank: In contemporary times banks have become the safest place to keep money. People argue that it’s safer than keeping money in a house as it is not subject to theft or fire incidence. While this argument for is true it brings little reward for the depositor. This is because the interest rate for banking your money is very little. From the general theory of wealth creation money should not be left fallow so growth should be a watchword for every intending investor. 2. Osusu/Cooperatives: This practice is quite common amongst the low to middle class income earners. They contribute an agreed amount of money per month for a particular period usually a year and later dist...
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