What is Real Estate Cash Back?
Real estate trading involves buying real estate with the intention of only holding it for a short period of time, in order to look to sell it later for a profit. Real estate trading is distinct from real estate investing in the same way that investing in stocks differs from trading stocks, where investing involves long-term speculation and trading speculates during a shorter time frame.
Real estate trading is also known as flipping lands, with the flipping part designating the short period of time that a property is held, which can be as short as a month or two, although the time frame can be longer depending on the circumstances.
When people buy real estate, the intention when buying it is generally to use it for a certain purpose, to live in it, to use it for business purposes, or to rent or lease it, but with real estate trading, the intention is to make a profit from reselling it at some point in the near future.
So the properties that are traded aren’t used for any purpose other than to look to sell them fairly quickly, and there are indeed some opportunities that present themselves for one to do so. Some sellers do not have the luxury of waiting, in the case of someone who can’t make their mortgage payments, or those that need to move right away, or banks who just don’t want to bother waiting for a fair price for the property.
When people buy real estate, the intention when buying it is generally to use it for a certain purpose, to live in it, to use it for business purposes, or to rent or lease it, but with real estate trading, the intention is to make a profit from reselling it at some point in the near future. Another way to define real estate trading is real estate flipping or flipping.
What is real estate flipping?
Real estate flipping is when someone buys a property and holds onto it for a short time and then sells it (the flip part) in the hopes of making a profit. Instead of buying a home to live in, you’re buying a home as a real estate investment.
Sometimes, flipping a house means the temporary owner has to make a lot of repairs or renovations, and other times it’s owning the property until you can sell it for more than you paid for it, plus whatever you put in to fix it up. The goal is to buy low and sell high, invest your own sweat equity to cut costs, and earn a profit in a relatively short amount of time — usually within months or a year. There is another form of real estate flipping called Real Estate cashback. Real Estate Cashback is a product developed by Zylus Homes a subsidiary of Zylus Group International.
What is Real Estate Cash Back?
Real Estate Cashback is a Real Estate trading scheme developed by Zylus Homes and Property Limited, a company duly licensed by Lagos State Real Estate Regulatory Authority and a member of the Real Estate Developer Association of Nigeria.
This scheme involves the acquisition of landed properties in a prime location for the purpose of either reselling or building on it for reselling purposes towards profit maximization.
Real Estate Trading Is The Real Gold In Nigeria
HOW PROFIT IS GENERATED
Real estate is known to appreciate in value and holding a property for a duration for the purpose of resale definitely guarantees a profit.
Imagine buying a land for 1,000,000, and selling for 1,150,000 within 6 months or 1,300,000 within 12 months. At the end of 12 months, we will buy back the property and exchange it for cash which includes the purchased amount and the profit generated. Then, the company sells the property for returns.