How To Make Money Land banking in Nigeria

If you want a shot at becoming wealthy, you need to do more than simply earning money.

Land Banking has become a way to expand an existing investment portfolio or get the property market; however, there are some things you should be aware of before you hand over your money. Here we explain how land banking works and the pros and cons you take with this type of investment. Whether to place your money in a land banking proposition.

Before I proceed let me quickly Define the word Land Banking in simple terms

What is Land Banking Investment?

Land banking is an act of investing a fixed amount of money for a period of time and enjoy high returns on investment.

Investing is an act of putting funds to work and generate passive income and that’s why we have designed an investment package that best suit your needs with a specific time frame.

Think about it… you can buy a piece of vacant land today, walk away from it for 10 years and when you come back, nothing will have changed no need for any repair, which makes it even more better than some investments.

Now let’s go to the advantages & Disadvantages of Land banking

Advantages Of Land Banking:

Land Appreciates Fast

It’s often said that land appreciates while buildings depreciate and require maintenance, and this is by and large true, so it is vital to invest where there is a massive and growing demand for a limited supply of land.

You can Grow Your Returns Easily

This is where the seller finances the deal at 3%, and you can find a buyer who pays you 6% at a slightly higher purchase price. Because many banks will not lend on vacant land, you can make this an interesting prospect for any potential buyer and make the difference as your profit, as “easy money” financing on land is quite difficult.

It’s not expensive to own and maintain land

Unlike residential properties, where you have to service the monthly mortgage payments regardless of whether the property is occupied, keep the tenant happy, ensure all the gas safety checks are up-to-date, find a tenant, and all the other fun and games that are required when successfully managing and letting out a property, with vacant land, if you want a “park-and-forget” strategy, this could be the exact wealth vehicle that you’re looking for.

Land Banking Value

By obtaining property development approvals, you can add substantial value to a site. Once you obtain a development approval for a subdivision or for multiple dwellings, apartments, or townhouses, you’ve taken out one element of the property development risk—the government approval process. This makes your site more attractive to developers, who may be prepared to pay a premium for it, and it gives you the option of selling for a profit, or refinancing and continuing with the property development process.

Disadvantages of land Banking

Option agreements

Some land banking schemes have option agreements with a ‘sunset clause’ that is triggered 20 or 25 years from the date of the agreement if the land fails to be rezoned or developed. If this occurs, investors may lose the initial option fee they paid if there’s not enough money to repay all option holders. When investors enter into an option agreement they may also have to pay legal fees, commission payments and payments to the development company that may not be refunded if a sunset clause is triggered.

Failure to get developmental approval

In a land banking scheme, the value of your unit depends on future zoning changes and the consequent demand. Sadly, there is no guarantee that the land will get government approval for development in the future or not. If the land you are buying is rural farming land, there is no guarantee that it will be rezoned to residential land. Thus, when you invest in a land banking scheme, there are chances that you end up with a dud piece of land that you are unable to build upon or resell for profit.

For our investors out there thinking on keying into this investment option here’s our proposition;

How it Works

Christal Land Banking & Investment Plan

Type of Investment: Land banking

Investment Managers: Christal Land banking Limited

Initial Investment Amount: 500,000

Security Deposits: Land worth invested amount in any of christal Home Estate

Duration of investment: 6Months and 12Months Plan

Returns on Investment: 6% to 80%

Think of it

Why tie your money to a bank deposit for a long time and little interest

Why should you be doing It

When you can have double to triple of that interest doing our Land Banking Investment

High Investment returns

Fuel your investment with CLIP and earn as much as 30% on your principal investment.

For Further Inquiries contact us on +2349093236856