You should know how to start your own real estate business, particularly in a city like Abuja where the sector is going through an unheard-of boom. There are so many people who are unaware of the prospects in real estate. Because of this, they struggle even when they are in the business, whereas it is a proven vehicle to create wealth. Mr. Joseph Kashiegh (Joe Kash), the CEO of Kashterk International Limited, has some helpful advice on how to launch a real estate business. His company is based in Abuja.
The simplest way for a newbie to get started in real estate is hereby revealed by Mr. Kash. He started his own real estate career as a marketer and sales entrepreneur.
The young real estate millionaire said, “All classes of Nigerians now view Abuja as a refuge for investments. This is due to the fact that real estate in this city is still more affordable than it is in Lagos, for instance. So, the first thing I did when I made the decision to get into real estate in this area was to do some research. I conducted a research on what real estate means. Of course, there are several forms of real estate, as we all know. Land, commercial real estate, industrial properties, and apartment buildings are some of them. I discovered where these various categories are located in Abuja. Unquestionably, land is assumed to be everywhere. However, the majority of the vacant lots in Abuja’s city center are not for sale.
“As a result, I looked up the places in Abuja with saleable land. In order to increase investor confidence in the legitimacy of these lands, I also felt the significance to know what titles these lands held. I thoroughly examined the Abuja Geographic Information System (AGIS), which serves as the city’s land registry or system for recording land title, regarding its operations. Nobody wants to make an investment in contested real estate or purchase land that could be linked to racketeering. In addition, I started to get information about real estate products. Understanding the locations of the properties you wish to sell, the title documents they possess, the terms and conditions of purchasing the properties, and of course the payment procedure are all examples of having good product knowledge.
“These were the basic operations that my real estate company began with. I now work from my own office today, but that wasn’t always the case. Given that real estate is a high-end commodity which only a few persons can afford, at first it was difficult. However, there is a fantastic opportunity to start small and still make significant progress right here in Abuja. What is most important when starting is having the appropriate knowledge about how to thrive in real estate.
“You can start by partnering with real estate developers, as a marketing and sales entrepreneur. Kashterk International Limited is a top property company that you can form a good alliance with.”
Other Tips On How To Start Your Own Real Estate Business:
- A business plan is a must. Every business needs a strategy, but one of the best pieces of advise you’ll ever receive in the real estate industry is to start small and work your plan out until you succeed. This is crucial if you intend to start your own real estate investing business and buy several properties for economic use.
- Create a distinctive marketing strategy for your products. You might not have a brand at first, but you undoubtedly have a personality. If you want to draw in and keep customers, you have to be fully honest. There would definitely come a time when you would desire to own a registered brand. The integrity of your brand will be communicated through your character.
- To start your own real estate business, you would need to raise some capital. Many people cite this as a drawback and a deterrent to starting. But regardless of whether you have funds, you must start working right now. Your small earnings can be the sole capital you require to move on to the next level.