How to Make Money From Real Estate With No Money in Nigeria 2023

How to Make Money From Real Estate With No Money in Nigeria 2023

Making money from real estate is no longer a pipe dream. 

Countless individuals have already amassed fortunes in this lucrative industry. So, how can you tap into the real estate market in Nigeria and start raking in the cash?

While there are numerous strategies to profit from real estate, today I'll reveal the easiest way to get started without any upfront money or capital. 

So without further ado, let's get rolling...

How to Make Money From Real Estate With No Money in Nigeria 2023

The key to making money in real estate is right before your eyes, yet you may not have realized it.

To truly see the world and its potential, you need to climb over the wall of conventional thinking. 

Many people disregard the truth about making money in real estate, mistakenly believing that unless they possess a tangible property investment, they cannot build wealth.

However, there are countless avenues to generate a substantial income from real estate, even without initial investments (let's not misunderstand – real estate investment with capital is the ultimate path to achieving massive fortune).

SEE ALSO: 12 Essential Steps to Become a Real Estate Agent in Nigeria 2023

The Easiest Way to Make Money Without Capital

How to Make Money From Real Estate With No Money in Nigeria 2023

To easily make money in real estate with zero capital, You need to consider becoming a real estate consultant. 

By affiliating yourself with a reputable real estate company, you can earn sales commissions by referring customers who purchase properties from that company.

Picture this: you have the power to generate a decent income from the real estate industry by simply registering as an independent consultant and directing paying customers to your affiliated company. 

Best of all, you can start this venture with absolutely no money!

This means you don't need to buy properties or pay for anything upfront to earn a commission. 

However, joining just any real estate company won't guarantee success.

SEE ALSO: 7 Master Steps to Create A Real Estate Marketing Plan In 2023

How to choose the Right Real Estate Company

How to Make Money From Real Estate With No Money in Nigeria 2023

To ensure you earn a substantial income as a consultant, it's crucial to select the right kind of real estate company. 

Here are some key factors to consider when choosing a partner company:

Commission Structure: The company should offer affiliates (consultants) a commission of no less than 10% of the property's value when they refer customers.

Multiple Commission Levels: The ideal company should pay at least two levels of commission. 

Level One is the commission you earn from directly bringing in customers, while Level Two is the commission you receive when consultants you introduced make a sale. 

This multi-level system ensures you can earn commissions even when you don't personally make sales.

Fast-Moving Properties: To maximize your earnings as a consultant, partner with a company that offers fast-moving properties. 

These properties attract customers who are ready to buy, minimizing the time it takes to complete a sale.

Ownership: Ensure that the real estate company offers you direct sales commission on properties owned by the company. 

When customers you refer purchase these properties, they will pay the company directly, guaranteeing your commission.

SEE ALSO: 5 Must-Follow Real Estate Mentors in Lagos that Will Help You Grow Fast In 2023

Now, let's address the burning question: 

How much can you make as a real estate agent in Nigeria?

How to Make Money From Real Estate With No Money in Nigeria 2023

Your earnings as an agent will depend on factors such as your location, the type of offer, the agency you work with, and the properties you deal with. 

Typically, when customers you referred buy from the real estate company, you'll receive a commission of 10-25% of the property's sale price.

For instance, if the customer you referred purchases a property worth 5 million Naira, and the company pays a 10% commission, you'll earn 500,000 Naira in commission for that transaction alone. 

And if that customer buys three of the same property, your commission will rise to an impressive 1.5 million Naira.

Congratulations! You've just made 1.5 million Naira in a single transaction. 

That's truly remarkable, isn't it?

Conclusion

Now that you know how to make money in real estate without any startup capital, what are you waiting for? 

Take the leap and find a reputable real estate company to partner with. 

Start your journey towards tremendous success.

If you have any questions or need further assistance regarding the real estate industry, real estate investing, or marketing, please feel free to contact me or leave a comment below.

Sulato

Atotileto Sulyman is an Internet entrepreneur, Realtor, and Founder of Realtybox.com.ng – Nigeria’s #1 Real Estate Resource Site.

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