As a teenager, Dolf DeRoos did a
comprehensive study of rich people. At the age of seventeen, his research
found that most rich people either made their money in real estate, or held
much of their wealth in real estate, after they made it. The rich may make a
lot of money in businesses and from stocks or shares; they then park their
wealth in real estate.
There are many reasons the rich
do this viz:
- There is greater leverage in real estate. A rich person can become even richer by investing with their banker’s money
- .The income from real estate is passive income (i.e. the money that you did not work for), the least taxed of all incomes.
- It is safer to park money in real estate compared with shares, mutual funds and the likes
Furthermore, if there is any
business in Nigeria that is truly lucrative to the highest point, it has to be
Real Estate business. That is why most of the top billionaires in Nigeria are
real estate investors. It is a money spinner of the highest order. Real Estate
is currently booming in Nigeria and people are making millions in it.
If you want property any part of Lagos call AKPADAKA O. (Real Estate Consultant): 08160285780, 08126143514.
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