How to Own Property In Nigeria As a Foreigner

Connect with me on Ig- a https 3A 2F 2Finstagram com 2Fgrace ofure 3Figs E2 80 8B a Twitter- a https 3A 2F 2Ftwitter com 2Fg ofure 3Fs 3D12 E2 80 8B a Facebook- a https 3A 2F 2Fwww facebook com 2Fgracedofure 2F E2 80 8B a Linkedin- a https 3A 2F 2Fwww linkedin com 2Fin 2Fgrace-ofu E2 80 8B a To Learn more Visit a https 3A 2F 2Flifecarduniversity com 2F a a https 3A 2F 2Flifecardcompany com 2F E2 80 8B a a https 3A 2F 2Fwww graceofure com 2F E2 80 8B a or Contact 2348129209582 for details I ll start by saying whether you are an American or Canadian or Italian or where ever you come from yes you can own a property in Nigeria Nigeria as a country has no specific restrictions on foreign ownership or use of land However to own a property in Nigeria as identified under the ALAL Acquisition of Lands by Alien Law of Lagos It is required that you get a State Governor s written approval governor s consent of course with your deed of assignment with a good property title you can register for a governor s consent To purchase a property in Nigeria here are a few steps to guide you 1 First of all you have to decide what you want to invest in and why- Is it land or house For immediate development or Land banking Do you want to build and resell or house stock Etc Answering these questions would go a long way in helping you choose 2 Have a budget - Budgeting is one key part of investments you must always have a financial plan budget That s how much you intend to invest in the property Sometimes as an investor you may not have the funds at hand but you have a means of raising and completing payment within a given period this is why there are payment plans to allow for flexibility and an adequate financial plan 3 Consider the location- This is another crucial area to pay attention to as a real estate investor Investors say things like I don t know anyone there I don t have any relation there The place is foreign to me how do I manage my investment If anything happens now I would be at the losing end as indigenes would take over my property Well the truth is that things and times have changed so long as you buy right and have all your documents in place you can go to sleep and watch your investment grow When you are ready to sell flip or develop Your portfolio manager can help with that or you put it up yourself There is no limitation Lagos for instance is the commercial hub of Nigeria It s safe to say that it s a no man s land because people from all walks of life come in to invest in different sectors in Lagos state How much of that is yours 4 Proper documentation and verification- It is important to know the right document to ask for verify and ensure that the property is properly documented 5 seek expertise advice - As a foreign investor you need a good investment advisor who understands the rudiments of investing in real estate in Nigeria He she would provide you with expert advice and ensure you never go wrong with your investments Also Lifecard university has provided you with the right tool to start and scale profitable real estate investments in Nigeria through carefully selected courses provided to guide you visit a www lifecarduniversity com a to check them out

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