If you’re given $1 million, what would you do in Ghana?

I heard someone saying he  will buy a fleet of cars, take year long vacation in Caribeans, buy jewellry and party. Imagine the time you wanted a raise from your boss, or earn $25k $50k or $100k or $200k etc a year. How did you feel when you eventually earned it? I bet after a couple of days you felt like “Oh gosh there is nothing special about it after all”?

Same with $1m, the difference is in the zeros. Whatever you will do with the above amounts of your pay raise is the same thing with a million dollar. A million goes always pretty than you could realize.

Read also: What is the best investment to make in Ghana?

Here is my take:

  1. Buy a rental property. In some countries, a $1million could buy you a couple of homes— duplexes, triplex, or quadplexes.
  2. Use leverage —20% as a downpayment, borrow 80% from the bank or any lender.
  3. Fill in tenants, collect rents and use it to pay down your debt services.
  4. Improve the property, raise rents, and refinance.
  5. Pull out your equity, to buy another rental property.
  6. Repeat the process and sooner you will be on your way to be among the 1% in the world.

 

What Business Can i Start With 100,000 Ghana Cedis?

Ghana cedis note

You can start with real estate investment – that is land banking. Find areas that are fast growing, buy land and hold it for a period of time. Ghana lands turned to increase in value pretty fast. For example if you buy a  plot of land  for 50,000 GHS today, you could sell it for 100,000 GHS in a year or two. That is what i’m talking about.

However, you should be aware that land is the most litigated property investment vehicle in Accra Ghana. There is so much chaos in land ownership but there is also high reture on  investment.  According to Accra High Court Registry research there is about 60,000 cases in superior courts in Accra. The minor courts data is overwhelming. So you need to buy it right. Let the professional help you. You don’t want to buy land without a lawyer.

Read also:12 STEP BY STEP GUIDE ON HOW TO BUY LAND IN ACCRA, GHANA AS A GHANAIAN OR A FOREIGNER WITHOUT LIGITATIONS

 

 

Now Selling Fast! Own a Home in a Greenery &  Solar-powered Gated community @Kwabenya , Accra Before They are  Sold out.

 

 

Townhouses for sale in Accra Ghana
La Margo Villas

Are you looking to buy your new home or investment property? While you may be worried of potential land litigation issues  if you buy land to build by yourself, we have got you covered. Buying a home from a developer is more secured because we have done all the hard work and due diligence on the land and it has passed the process.  Your only job is to own it by reserving your home today.

La margo Villas, is upcoming greenery, lush landscape,  Eco-friendly, and renewable energy gated community in the  beautiful, picturesque hillsview of Kwabenya.

Kwabenya is a residential community located in the Ga East Municipal District of the Greater Accra Region. The area is well connected to major roads and highways, making it easily accessible from other parts of the city. It is an ideal area for real estate investment and an emerging sub-market for those who want to escape excessive noise of Accra. Get intouch  with us to reserve your dream home today.

 

 

Take Away

Are you a foreigner loo

king to make Ghana your next home or a Ghanaian living abroad? Or you are a local looking for professional real estate service provider in Accra Ghana? We have received several requests from our platform visitors looking for real estate services. That is why we set up Villashark one-stop-shop diaspora services , serving all your real estate needs in Ghana.

We have got legal and due diligence support team that will make your real estate acquisition stress free. Perhaps you are a busy person and no time doing all that hassle, no problem. We serve busy people like you. Check out our services packages , and choose the plan that best fit you. We currently offering 15% OFF on all plans on a limited time frame.

 

 

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