When an opportunity to get into a new country that lets you acquire property, permanent residence, and citizenship arrives, you should not put it to waste. Make the best out of it.

Don’t waste much time being undecided about where to settle. I know this is very challenging and it’s proven to have left many immigrants living miserably throughout their lifetime.

Decide quickly where you are going to settle and then start planning on how to acquire the necessary resources to smoothen your life. For those that will have no choice but to have family abroad, you perhaps need a home and this article is for you.

I am sharing the first tip that can help everyone leverage this golden opportunity; Invest In Real Estate In Your Home Country particularly by buying cheap land for future sale.

Real Estate is quite broad but let’s particularly explore dealing inland. The real estate market is not only crazy in Toronto, Vancouver, Boston, New York, London, Berlin, Roma, Milan, etc, but it’s also most likely crazy in the capital of your home country too due to the influx of migrants from different lower developed areas to the capital. So this is an opportunity for someone abroad that should be capitalized on.

Set clear goals of what you need to achieve in terms of home/real estate property acquisition in your new country. It should be definite for instance, let’s say you want to buy a home in 5 years. Firstly, make ground research about which city you want to buy it from and inquiry about home prices.

This will help you get a clear picture of the down payments and the entire cost of a house. Then go ahead and buy land preferably in the capital, outskirts of the capital city, or other major urban centers of your home country if the land tenure system permits you to do so.

Let that land gain value over time. The reason we choose just buying land without developing a property like affordable housing or luxurious apartments is that land is easier to liquidate into cash over time if bought in a good area as compared to raising a solid figure from rentals.

The reason l recommend buying from the outskirts is because you will get better deals(more for less with room for growth) and always remember the goal is to buy cheap land today that will gain value over time until you are ready to liquidate it to finance your home/property purchase in future.

Let’s say you want to save to buy a house in 5-10 years. Buy cheap plots of land now instead of saving money in the bank. The land is always appreciating, unlike money which is a currency meant to be volatile unless it’s invested in mutual funds like bonds, stocks, treasury bills, and money market funds which may also have a lower return on investment compared to a land which significantly gains more value each day that passes.

However, to make the best out of this tip, here are a few steps to take;

You need to get a reliable and trustworthy real estate broker who will do surveillance of any area where the land in question is. He’s to fully assess the possibility of growth of the area. This is because the more the development in the surrounding area, the more valuable land gets for instance if all of a sudden the road near the plot gets tarmacked, the price of the plot will shoot. That means your broker has to be updated.

Pay your brokers well because they will always be motivated to put you first in case a good property is available on market.

A stoic mindset is much necessary. Remember the goal is to acquire some assets abroad through investing in the land so don’t buy land only where you like because it’s going to be liquidated into cash at some point so buy from where there are visible signs of future potential growth to ensure profit maximization.

Involve lawyers in your transactions besides making thorough ground checks because real estate has numerous fraudsters.

Let’s switch our mindsets from renting to owning property because it’s possible.

More tips will be coming through diaspora tales on the African column.