Land Flipping is a very Lucrative Business opportunity which many smart Investors are involving themselves in.


What is Land flipping?

Land flipping Business involves buying lands at a low price to resell later at a very high price.


 To tell you how lucrative this business of Land Flipping is, a man bought ten lots of Land in a town in Ogun State close to Lagos at the price of 200,000 naira per plot when the access road has not been done. 



After about two years the government constructed the access road and that caused the value of land in this axis to appreciate by over 200 percent and he sold each of the Land he bought 200,000 was sold for 800,000 naira each. 


REASONS WHY YOU MUST EMBRACE LAND FLIPPING BUSINESS

Low Risk: Unlike other investments where you have to battle with the high risk involved. In terms of Land there is minimal risk involved, all you need to do is to make sure you do diligence work while acquiring the Land, make sure that the Land documents are intact and that the Land is not under any form of acquisition. 


Low Maintenance Cost: While your Land appreciates in value everyday you will spend little or nothing to maintain it unlike other Real Estate Investment like Apartments where you have to spend a lot of money to maintain your property every year. If you have low capital Land Flipping is the ideal for you. 

Continuous Appreciation in the Value of the Land: Land appreciates in value even while you are asleep. Among all the investments we have, Land is one of the investments whose value rarely depreciates in value rather it will always appreciate. 

Ease in the  Management of Investment: When it comes to rental properties, you have a lot to contend with which includes tax, Land use Charges, Tenants problem and delayed payments. In Land Flipping you have nothing to worry about. The Land can even be left farrowed for years and it will continue to appreciate in value. 


HOW TO EMBARK ON LAND FLIPPING BUSINESS 

Look for Cheap Land in Fast Developing areas and Invest in: Look for a genuine Land in a fast developing area and buy while the price is still low. 




If you want to invest in Lagos, you might consider investing in Areas such as Ibeju-Lekki, Ikorodu, Badagry, Ajah and Epe. 

These are areas where you can see a Cheap Land at an affordable price. All the areas mentioned above are all fast developing areas in Lagos and you are sure of over 100 to 200 percent appreciation in the value of Land purchased in these areas. 


CARRY OUT BACKGROUND CHECKS 

Before buying any Land you have to carry underground findings and make sure that the Land is not in dispute or under any form of Government acquisition. You can involve the services of Surveyors and lawyers who are in a better position to do these findings for you.


 Also you can invest through Real Estate Companies, one good thing about investing through Real Estate Companies is that you don't have to start carrying out background checks and perfecting documentation of the land as these activities have already been carried out by the Real Estate Company. Take for instance in Lagos there are many Real Estate Companies that have Estates in a very good location which you can invest in. 



MAKE SURE YOU PERFECT THE DOCUMENTATION PROCESS 

Always make sure that you perfect the documentation process whether you are acquiring directly from the families or from a Real Estate Company. If you are acquiring from the family you have to request for family receipt, you have to go with a surveyor who will chart the Land and get the necessary information like the coordinates and others, you also need to get the deed of assignment and other documents as the need might arise. 




FENCE YOUR LAND 

It is a wise decision to fence your Land immediately to prevent future encroachment by Land grabbers. But if you are acquiring from a Real Estate Company you might have no need to fence it yet as the Estate company is going to construct the perimeter fence. 





SELL YOUR LAND WHEN IT HAS APPRECIATED 

Once your Land has appreciated in value and there is high demand for Land , selling your Land is not a problem at all. There are many avenues to sell your Land for instance you can sell it on classified Real Estate Listing Websites like Propsvilla, Nigeria Property Center and Property pro etc. Also you can involve the services of Real Estate Agents who are going to help you sell your Land with ease. 

https://www.propsvilla.com/land-flipping-bu…you-need-to-know/