For anyone considering investment in property or real estate, you can use the lone ranger approach to invest in property. So, what is lone ranger approach?
Lone ranger approach is a method of buying property for individuals, either from a real estate firm or Omo-onile. A lone ranger ventures out on his own in an attempt at acquiring a piece of landed property or even a property that has a building on it.
Whatever piece of real estate he/she goes for, the ultimate is that the individual is solely doing the transaction alone.
This is what makes the lone ranger approach to buying property quite different from other approaches, such as the cooperative approach and peer approach.
How does it work?
Once you’ve decided you need to get a piece of landed property you can seek relevant help or assistance from credible sources all by yourself. It may sound like a lot of work, albeit buying land or investing in real estate is no small venture.
As a lone ranger, there are some basic steps to be taken and some crucial things to be considered. There are actually three things to be considered in this approach to buying property;
- The lone ranger must make up his/her mind about the choice area he/she hopes to acquire the property; where is his/her area of preference or where is the area located? This is quite crucial to the investment
- What size of land or property is he/she in need of? If he/she is investing in land, then what is the size of the land he/she is in search of? Is it a plot or less than a plot? Is it an acre or is it more than that? If it is a built property; then is it a flat, a duplex or a bungalow? What size of property would he/she prefer?
- Lastly, what does he/she have as capital outlay for the project. This is the most important part because budget is key to every real estate investment no matter how small
To learn more on this topic, listen to the audio below:
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