Every smart investment-oriented person knows that real estate is a passive way of earning good long-term income. But affordability is a problem for most persons. The challenge is less of the huge cost but the lump sum.

Also read: Risk/Return Analysis of Real Estate Investment in Nigeria

These costs include:

1. The cost of the land
2. The survey plan fee
3. Legal documentation fee
4. Architectural plan fee
5. Structural drawing fee
6. Developmental fee

All these costs run into units, tens or hundreds of millions of Naira depending on the property.

The good news is that some super-smart investors are adopting a strategy called the highly flexible payment plan to achieve their real estate goals.

What then is this plan?

Before I explain what a flexible payment plan is, let me first define an instalment payment plan (an instalment).

An instalment is a plan that allows you to pay for a property in piecemeal/bits. That is, you are allowed to spread the payment over several months or a few years.

With a flexible payment plan, on the other hand, the seller/owner understands that you might default payment for a few months but expects you to pay up before the expiration of the period.

Sometimes, we all find ourselves in out-of-control situations that make us default payment. That is what makes the flexible payment plan deal better than the instalment.

With this payment structure, super-smart real estate investors purchase property with payment spread over several months or years.

It’s not worth it living to share a regret instead of a success story. You have no reason not to invest in real estate and enjoy capital gain and/or rise in rental income in the future.