5 Mistakes By Investors When Landbanking In Nigeria

Landbanking is pretty simple, but you can fall into some traps while trying to buy low and sell high
.
Buy in plots vs buy in acres
.
When you intend to buy land for future resell, you can be stuck between should I buy plots here or acres here
.
In comparison, whatever profits you can make when you buy in plots, can be in multiples when you buy in acres. However, same applies to the risk too, if you can lose in plots, you lose more in acres
.
Quick flip
.
Investors can be highly impatient, landbanking for quick flip can turn into a trap. Landbanking for long-term is more assured and more realistic than gambling on short term
.
Take possession
.
Landbanking doesn't mean you just buy the land and leave it like that. Despite having all documents handy, certain improvements are necessary
.
Therefore, simple actions like fencing, gate, bush clearing can keep your land well maintained and add extra value for when you want to liquidate
.
Watch the full video for our valuable tips for the 5 mistakes you should avoid when landbanking. Moreso, feel free to reach out to us for further guides and advise

[@folfrad1]

Interesting! You are doing well, Rabiu. Your channel is one of my Top 10 on KZbin

[@meetthepropertyguy3156]

We would continue to deliver topnotch value

[@doralammers-cf6dw]

Thank you for your information. Mr Rabiu. I always love watching your videos. God bless you 🙏🏼

[@meetthepropertyguy3156]

God bless you too, and thanks for watching our videos

[@asmrsisters1232]

Great info rabiu.

[@meetthepropertyguy3156]

Thanks

[@YemisiA]

Thank you for this presentation 🎉❤🎉

[@meetthepropertyguy3156]

@@YemisiA you’re welcome

[@3kings_investmentstudio]

Please what’s the maturity time for Itunu city and is it true that when you selling a land you bought in an estate that the estate take their own percentage

[@meetthepropertyguy3156]

The companies charge a transfer fee, it's in the contract you can confirm the rate based on the company. For Itunu maturity, you'll still hold for the next 2yrs at least

[@3kings_investmentstudio]

@@meetthepropertyguy3156 oh okay thank you very much . Please do you have an idea of what the transfer rate for Itunu city is

[@meetthepropertyguy3156]

No I don't

[@sulemangama3937]

Knowledge choke

[@meetthepropertyguy3156]

@@sulemangama3937 thanks so much