HOW TO BUY PROPERTIES IN EXPENSIVE CITIES FOR THE CHEAPEST
1. Look for the abandoned properties. watch out for the properties that have been abandoned by owners due to lack of money to develop them or renovate them for residential or commercial purposes. These properties can be found in Ikoyi, Victoria Island, Apapa in Lagos, Asokoro, Maitama, Lugbe and even Wuse in FCT etc.
2. Go for foreclosures: so many properties are awaiting in all the courts to be auctioned to settle judgment debts. contact the sheriff and court registrars.
3. Old buildings; these are the buildings built in 40s, 60s and 70s by the rich at the time but their wayward and delinquent children have squandered the wealth and can give theses properties away for nothing. You buy them for the land and not for the property.
5. Developed properties by individuals and governments: These are estates and mini estates with high rising and terrace buildings from which the flats and semi detached duplexes are sold. You can buy a flat or a duplex saving the problem or buying land and building with all the attendant regulatory requirements.
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