What does real estate investment advice mean?
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Loading... - Arnaud Ambe
- 05 Sep 2022
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Buying, selling, renting, or turning real estate into a profitable venture can be a difficult, complex, and time-sensitive process. Unlike TV shows, it's not always a simple buy or sell. Many questions can arise and have a considerable impact on the result of the investment. If you are planning to buy a property, if you currently own a property or if you have inherited it, or if you wish to sell a property, it is in your best interest to call on a consulting firm in immovable. Let's see why.
PRACTICAL CASE: Mr. KOUADIO owned a property in the Palmeraie. He bought it for about 200,000,000 FCFA with the initial intention of renovating it and reselling it. The market underwent changes due to the political context and by the time the property was ready to be sold, it was not going to fetch the desired amount. So he decided to use it as a rental property, until the market could rebound. A few years later, the market changed and he decided to sell it. The buyer paid 265,000,000 FCFA and Mr. KOUADIO felt good because he had made a gross profit of 65,000,000 FCFA, in addition to the rental income of recent years.
About six months later, Mr. KOUADIO realized that the property had been resold… to a national distribution chain, for nearly one billion FCFA. What happened ? The buyer (who paid 265,000,000 FCFA) realized that the property could be put to better use. He acquired it and was able to make five times the profit on the same property. Read More...
