02/09/2022
One of the beautiful things about Land investments is that you do not just make money from Land Banking alone but you can make your investment work for you passively through other means which I’ll be highlighting below:
1. Develop a Commercial Building for Rental income (Shortlets, Airbnbs etc)
Commercial real estate differs from Residential real estate because it has the potential to generate profit for the property owner through capital gain and passive rental income such as Shortlet apartments, AirBnBs, Shopping centers etc.
The likes of shortlet apartments and Airbnb is becoming a fast rising lucrative business in Nigeria estimated at hundreds of millions of Naira.
AirBnb ranked Nigeria in 2019 as the fastest growing markets globally for Airbnb.
2. Lease out to Farmers or start an Agricultural venture
The agricultural sector is one of the most flourishing sectors of the Nigerian economy.
You don’t need a huge capital or a massive farmland to get started, a plot of land can be sufficient.
Here are some lucrative Agricultural businesses to embark on
Cassava Farming, Poultry farming, Snail farming, Fish farming, Pig farming.
With proper strategic planning, any individual can start a profitable agriculture business.
3. Lease out for Outdoor events
Outdoor events has gained a lot of popularity recently such as Weddings, Engagement Proposals, Picnics, Festivals, Photo and Video shoots etc
Owning a landed property gives you the opportunity to venture into this business.
All you have to do is develop, design and beautify your property to get started
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