How To Start Investing In Real Estate In Your 20s

In Nigeria today, The idea that you can invest in real estate in your 20s seems impossible to most people. This is because at that age most people are still in search of a good job or trying to build their careers.

This notion is so wrong because real estate investment in your 20s is not only possible but it is also one of the wisest decisions you can make to generate more cash inflow for yourself and become financially independent. 

Your 20s offer you the chance to set yourself up for life, so it’s only wise you start early. 

Even though it may sound boring, starting young is the best way to give you the life you’ve always wished for.

5 Ways To Invest in Real Estate in Your 20s

1. As you Earn, Save

 There are almost too many things to save for in your 20s. You have goals. You want a house, a car, you want to tour the world, but you also have to save for the future. All you need to do is to start gradually, it may be with just a very little part of your income.

The possibility of you succeeding with investment in real estate will increase if you start saving money as you earn. Don’t wait for when the salary is bigger than it is now.

Review your expenses and reduce unnecessary spending. Once you have a good saving habit and you’re able to save within a period of time, raising the first down payment won’t be an issue.  

Also, remember to increase your savings as you get a promotion or position increase. The younger you are when you start investing, the more time you have to enjoy the full advantages and benefits.

2. Invest in Yourself By Making Research

It takes more than having the interest, to own a property or invest in real estate. Being well informed plays an important role in ensuring one makes the best choice as a young investor.

If you desire to be a smart investor in your 20s, you need to invest in yourself by making research.

You need to familiarize yourself with current housing market trends, the price range and monetary value of properties, how to spot a great location, e.t.c.

You can educate yourself by attending local events like workshops and seminars. The internet is also always there for you to get information and knowledge.

ALSO READ: UNDERSTANDING LAND TITLES IN NIGERIA 

3. Start Small

Most young people look at big apartments in high brow areas, see the prices and get discouraged. 

Yes, it is good to aim high but your first real estate investment doesn’t have to cost so much. Start small.

For instance, your first investment could be buying a plot of land, then after some months, you can resell at a higher price, then get something bigger and better.

ALSO READ: WHY YOU SHOULD INVEST IN AREPO 

4. Learn From Real Estate Experts

There is no way to better succeed in what you do than learning from experts, you get to benefit from their experience, expertise, and knowledge.

There are many professionals who are willing to share this information at no cost, all you need to do is to ask.

It is essential you ask questions and learn from experts because; just a little mistake in real estate investment can make you lose a lot of money. Find a good mentor or a real estate agency to put you through areas you are confused about. Speak to people who started real estate investing earlier and learn from them.

ALSO READ: A REVIEW OF PARK VIEW ESTATE, IKOYI LAGOS

5. Start Networking

So you want to start investing in your twenties? Start networking! This is one important aspect of real estate investment.

As it is today, your networks are some of your most important assets and technology has made it easy to meet people through various social networks such as LinkedIn, Facebook, Instagram, and Twitter.

From these platforms, you can be informed about training and seminars on real estate investments. Attending these seminars can link you up with like minds who you can decide to partner with.

On a final note, if indeed you have the resources to start investing try not to waste time as time waits for nobody, you may wake up and find out you no longer have at much time as you thought. So, your 20s is the time you should make plans for your future; you don’t want to start struggling to save up in your 40s when you have a family and possibly children to cater for.