TIP OF THE DAY
Imagine for a moment that you're ready to buy your next Lagos property.
The question is:
Where should you buy the property?
What part of Lagos should you buy your next property?
Here's my recommendation:
Follow the money.
Buy where the money is.
What does that even mean?
...buy in a location that has the potential to earn you the highest possible return on the capital you're investing on the purchase of the property.
The above recommendation is contrary to how most people buy properties.
So, how do the majority of people buy properties?
The majority of people, especially first time home buyers, buy property...
1) Based on emotional attachment to the property (or the location where the property is situated) or...
2) Based on where their friends or family bought or...
3) Based on places recommended by their family or friends (instead of by professionals)
They end up with very low return on their Lagos property investment.
Don't make the same mistake!