There is a humorist and writer, Mark Twain, who used the perfect words to describe real estate investment. He said, “Buy Land, they’re not making it anymore.” Yes, from Geography (or watching the Nat Geo documentaries), we know land can be created and/or destroyed.
However, land creation and/or destruction happens once in a blue moon; even then, it is quite rare. So much so, that Twain’s words remain true when you are talking about someone’s lifetime or several generations. But enough with the Geography lessons, let’s talk money.
Franklin D. Roosevelt, the 32nd POTUS, once said: “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
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In Afrikagora’s feature today, we again invite Victor from Ve Universe, to walk us through matters real estate investment. What is the right approach, do you need to have a lot of money to get started, or you can start with what you have and work your way up. What are the common pitfalls for newbies and inexperienced investors?
In the video below, Victor takes us through the legal affairs, taxation matters, and, most importantly, the ROI (return on investment) of investing in real estate. That there is a lot of money to be made in real estate is no secret; the rich who have been making money out of properties could not keep it a secret for much longer.
Okay, now that it is no secret. If you have been taking a plunge into real estate investment and want to avoid the common pitfalls. You need to watch the video below, by Victor, as he takes us through how to make money on real estate.
Be sure to subscribe to Victor channel on YouTube to keep getting more money matters tips. You can click the bell button to get notified whenever a new video is uploaded to his channel.
African Diaspora investors and investments making a positive impact in Africa
