WHY BUY LAND AS A LIABILITY
INSTEAD OF AN ASSEST
ASSETS
Assets is what you have to keep helping you to generate income.
e.g. a commercial bus generate income to the owner. it because on assets
An office/shop use for business and generate time to time become an
assets
A child that was sent to school,
graduated and start to work, generate income and helping the ,member of the
family become an asset.
LIABILITY
Liability
is an thing that keep taking money away from you and your income keep decrease
from your finance
i.e. when you buy a car and you fuel all the time, when the
car is faulty you spend alots on the car then, the car become liability because
it takes money away from you.
A graduate which the parent spend and invested resources on
and after graduation yet he/she still feed by the parent then that person
become liability
Whenever you want to buy land always look at it as an assets
not a liability that is a form of investment that keep generating income time
to time for the rest of your life.
HOW LAND BECOME LIABILTY TO YOU WHEN YOU BUY AND INVEST
NOTE: Nothing in its natural state have great value in order
words if you fail to convert your landed properties to assets
i.e. you have a land ,you fence it and grasses grow on it,
you pay people to cut it time to time and this take time out of your hand which
is liability
HOW TO MAKE LANDED
PROPERTIES BECOME AN ASSET
1) When you
buy land in good location were the land will appreciate fast
2) Converting
the land into use to start to generate income i.e. by leasing your land
automatically become an assets
3)Developing your property not only
residential purpose also for commercial
purpose which keep generating income to you every year
4)From
definition of landed property which is the supervision and direction of
interest in land for maximum returns
5)Using your
land for commercial purpose i.e. building of shops, using it for farming,
building of hall for rent e.t.c
Thank you for reading my write up, I am Mr. Richard, a real
estate consultant and digital marketer .pls visit my blog for my other write
up, 30 reasons why you should own landed property.
I can help market your landed properties and list of
properties and I have landed properties for sell
Visit my blog: richard360property.blog spot.com.ng
E-MAIL:Richard360proprty@gmail.com
TEL: 08024995989
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