Having a Big Lavish House can make you money?

Hate2Wait

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If you have a big property like a House with a Swimming pool and other things that make it a luxury accommodation you can make money from it but giving it to tourists and make good money and they also fetch money because those who create Music videos and movies are always in search of these houses so its a good way to earn.
 
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Mikky

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That's a good way to earn passively, but here in my country most people with that type of house will never do such, they believe it's a personal house not a business firm, I also understand their point but it's still a easy way to make money
 

Hate2Wait

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They do that when they have another house or property to stay so this way they make money from one house and stay in another and its actually for those that already have so much wealth and money as only they can afford to own as many houses
 

Mikky

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Yes, it will be best for those who have more then one house to live, so putting one on rent will just increase their income by a reasonable margin, that means they earn for doing nothing.
 

cherry123

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If you have a big property like a House with a Swimming pool and other things that make it a luxury accommodation you can make money from it but giving it to tourists and make good money and they also fetch money because those who create Music videos and movies are always in search of these houses so its a good way to earn.
Definitely, you can make money with a big beautiful spacious house. Video producers will want to rent it for their movie set
 

Shavkat

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It is possible if you wanted to rent by people for a short period of time. There are some house owners that they do this. It is feasible in big cities or places that are considered tourist spots.
 

Niyi Briggs

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I think this is a good investment. You would be at your comfort and money would be coming in. Just find a land close to tourist sites and set up the property.
 

astutimeliana723

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It is possible if you wanted to rent by people for a short period of time. There are some house owners that they do this. It is feasible in big cities or places that are considered tourist spots.
Yes, I totally agree with you. Many luxury villas are rented out at high prices around tourist attractions. If they sell well, it will become a very profitable business. But luxury villas also require a lot of maintenance costs.
 

SHAHID987

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If I would have big house then first I will sell it and invest the money in forex and will earn money on regular basis. In fired there is always remain much more chance to be rich.
 

Starmix

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There is no swimming pool at home. Though we have 6 rooms, but we cannot allow outsiders to rent one vacant room. It is our guest room, We can't trust strangers, especially this time. And I experienced being robbed inside my home with my best friend who turned out to be a drug addict.
 

IB D

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@Starmix that's another angle to the hospitality business in general. I think of you want to do such kind of business, you would as a matter of necessity raise the level of security in the premises.
 

astutimeliana723

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There is no swimming pool at home. Though we have 6 rooms, but we cannot allow outsiders to rent one vacant room. It is our guest room, We can't trust strangers, especially this time. And I experienced being robbed inside my home with my best friend who turned out to be a drug addict.
Indeed, sometimes there are bad people who keep stalking our house, even if they are housemaids who work in our house. It is common for a home owner to lose valuables stolen by his maid.
 

Starmix

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Indeed, sometimes there are bad people who keep stalking our house, even if they are housemaids who work in our house. It is common for a home owner to lose valuables stolen by his maid.
Correct, I will never let strangers rent a space at home. We do not know their real motives, to rob us or to rape hehehe. It is better be safe than sorry.
 

Magnus2022

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I don't think is a lucrative business now because there is serious insecurity in Nigeria. Many rich people will not like to expose himself to the people because of peanuts he will receive from tourists or movies directors. The risk outweighs the advantage.
 

astutimeliana723

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Correct, I will never let strangers rent a space at home. We do not know their real motives, to rob us or to rape hehehe. It is better be safe than sorry.
Yes, that's right, some people rent houses here, just empty rooms without furniture. So, they have to fill the furniture themselves. And the position is also far apart from the private house of the landlord.
 

Starmix

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Yes, that's right, some people rent houses here, just empty rooms without furniture. So, they have to fill the furniture themselves. And the position is also far apart from the private house of the landlord.
That's also the situation here if rent one house. They have to supply themselves their own things needed for the family.
 

astutimeliana723

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That's also the situation here if rent one house. They have to supply themselves their own things needed for the family.
Yes, that's the best way to avoid theft. It's impossible to take away the house they rented. LOL Besides that, the landlord always checks the condition of the house he is renting from time to time, to make sure it is always in good condition.
 

Heatman

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If you have a big property like a House with a Swimming pool and other things that make it a luxury accommodation you can make money from it but giving it to tourists and make good money and they also fetch money because those who create Music videos and movies are always in search of these houses so its a good way to earn.

This is something that is also related to hospitality and management and it's something that is a capital-intensive projects but it is lucrative.
 

eldavis

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Indeed you can make extra cash from having a big and beautiful home as well. I have come across persons who renter their homes to be used for movie production.
 

Springtime

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If you own a big lavish house in Hong Kong. That means you are really rich. These people's main concern is privacy and security. They will not take the risk of renting out their house for tourists or movie shooting to earn money.
 
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