In the last 200 years, 90% of the world’s millionaires have earned their millions by investing in real estate. If real estate is an asset class that you want to invest in and you live in Nigeria. Then you should consider using online real estate investment platforms in Nigeria. There are loads of benefits in being a real estate investor. Online real estate investment platforms in Nigeria offers a way for any Nigerian to start investing in real estate.
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Investing in real estate in Nigeria has always had a high barrier to entry. You would likely have to shell out a lot of money to get started. But online real estate investment platforms in Nigeria provide a unique solution to real estate investment.
It is important to remember that this type of investing in Nigeria is relatively new, so there isn’t much history to look back on. However, these online real estate platforms have been certified as safe and legit.
The best online real estate investment platforms in Nigeria out there right now in 2020 that can help you kickstart your real estate investment career.
Online real estate investment platforms in Nigeria
Rise vest is an online investment platform that allows people to invest in real estate, stocks and fixed income assets. Rise vest can also be seen as a real estate investment platform in Nigeria that allows you to invest in a portfolio of real estate properties in the US. You get returns from your investment in dollars in form of rent and the appreciation of your capital.
Rise vest buys US properties that are high demand and below their market value. Then they improve these properties. Rise vest either rent out or outrightly sell these properties.
Each property that Rise vest acquires is divided into 10,000 investment units priced at $10 each.
You can buy as many units as you want on this real estate investment platform. If you choose to buy all the units in a property, that means all returns from the property are yours, minus Rise vest basic fees.
All the Rise vest US properties are insured against loss, damage and loss of rental income.
Read the full Rise vest Review.
Wealth.ng like Rise vest is also an online investment platform. However, Wealth.ng investment assets are treasury bills, stocks, mutual funds and real estate.
You can make real estate investments on Wealth.ng either through its fractional property platform or by owning shares of Real Estate Investment Trusts (REITs).
Wealth.ng fractional property feature allows you to co-own real estate properties by pooling money together with other investors. Just like Rise vest, this real estate investment platform allows you to own as many units you like in real estate platforms.
The properties that you can invest in with Wealth.ng include commercial and residential properties like offices, shopping centers, student housing, and even warehouses.
The interest rate on this real estate investment platform is around 18.7% for fractional real estate investing.
Read the full Wealth.ng Review.
Coreum unlike Wealth.ng and Rise vest is only focused on real estate investing. With this real estate investment platform in Nigeria, you can invest in a fraction of a property.
You can invest in Lands or residential properties with this real estate investment platform. Each property on Coreum is divided into 100 units. You can also purchase as many units you want.
The minimum investment amount for Coreum is N50,000. The projected ROI on your investment can range from 2x to 7.1% – 15%.
Read the full Coreum Review.
Crowdfunded vs REIT (Online Real Estate Investment Platform)
There are two types of real estate investment platforms in Nigeria. The ones that are crowdfunded and REITs (Real estate investment trust).
A REIT is a company that owns and operates real estates that produce income. These real estates include residential, industrial and commercial real estate. REITs are traded on stock exchanges, e.g NSE & NASDAQ. The same way you can buy a Dangote stock, you can also buy a share of a REIT.
With crowdfunded real estate investment platforms, you pool money with other people and invest in real estate property. So you have fractional units of the real estate property with ease. With as little as a $1000, you can invest in real estate in Nigeria.
All the three real estate investment platforms in Nigeria that have been mentioned here are great for investing in real estate. They all have their pros and cons.
However, Rise seems like the more preferred option because its investments are in dollars and your returns are also in dollars.
Wealth.ng and Coreum are great options as well. They might not offer dollar returns but they are solid investments as well.