Thanks to his flexible streams of income, Michael Albaum and his wife spend part of the year living and traveling across the U.S. in their converted van. Thanks to his flexible streams of income, Michael Albaum and his wife spend part of the year living and traveling across the U.S. in their converted van.Photo: Michael Albaum After paying my mortgages, property taxes, property management and maintenance fees, I earn about $6,000 per month in passive income from my real estate portfolio. Since 2019, I’ve been investing that money into a redevelopment project that is converting eight units into 17, and living off my full-time coaching salary. How I bought my first real estate property In 2013, right out of college, I worked as a fire protection engineer and made $73,000 a year. Saving for an investment property was a goal of mine, so I lived well below my means. I paid $800 per month to rent an apartment with roommates. My employer covered essential expenses like my car and cell phone bills, allowing me to save even more every month.
In 2014, I used $40,000 I’d saved in cash and sold $20,000 worth of stocks to make my first real estate purchase: a $295,000 single-family home in Southern California. I also took out a loan from a family member for the remaining cost, so I didn’t have to borrow from the bank. The home sat vacant for two months before I rented it out, but it didn’t need any renovations. The $1,810 per month rent from my tenant allowed me to cover monthly loan payments on the home plus the operational expenses of managing it. Growing my real estate portfolio By 2016, I was the owner of three houses. I financed my second purchase through a traditional bank loan, and I bought the third with a $250,000 loan from a family member at a 4%, 30-year fixed rate. I made $51,404 that year in gross rental income from all three properties, and while most of that money went towards covering mortgage, maintenance and property management costs, I was also able to take home around $1,800 per month. In 2017, I decided to ramp up my savings to purchase additional real estate. I found an even cheaper apartment to share with roommates, and invested those savings plus the money I was making off real estate into the stock market and my investment accounts.
When I learned about how much further each dollar could go in opportune markets — where cash flow was high and buying prices were low — I started looking outside of California. I bought the cheapest multi-unit properties I could find in the Midwest, mainly Ohio and Kentucky, and fixed them up. To do this from afar, I built relationships with agents and property management professionals in those markets, so I knew I’d have a team on the ground to identify the best properties and take care of my tenants. I work with small family-owned management businesses, whose fees cost an average of 7% of my gross rent per property but can reach up to 20%. How to start your own real estate investment journey I feel very lucky that I get to work a normal 9-to-5 job as a coach from my van and explore new parts of the country — while also earning passive income through my real estate investments. Albaum works a 9-to-5 as a real estate investment coach, and is currently managing a redevelopment project.Photo: Michael Albaum I believe that if you save up enough money and look in the right places, you can get a leg up by investing in real estate — even in an era of sky-high home prices. Here’s my best advice:
Start small with a well-researched strategy My investing strategy is the “BRRRR” method: Buy, rehab, rent, refinance, repeat. I buy homes in markets where units are renting for much more than their monthly mortgage payment. I fix them up, then rent them out to cover the home’s cost and to invest in other properties. To learn what strategy works best for you, I recommend researching the basics. There are so many resources available, from podcasts (including mine, The Remote Real Estate Investor) to online courses. You can also reach out to other investors on forums like BiggerPockets, where the BRRRR method was popularized, to learn their strategies. A lot of people also wonder what their return on investment goals should look like. I always say that folks should be comparing the total returns they can get in real estate (calculate this by adding cash flow, appreciation, loan payments and tax benefits) against the returns they could be getting in other investment vehicles. Pick a number that works for you. And most importantly, don’t compare yourself to anyone else.
With my method, the goal is to do as little work as possible I buy something when it feels easy and I know the property will not take too much work to outsource to a management company. Even if this means smaller profit margins up front, this allows me to simplify my life and use the majority of my real estate portfolio as a passive income stream. You do the work once to buy and fix the home, and then you get to reap the rewards for as long as you own the property. The main goal of my real estate portfolio is to become 100% financially independent, or to cover all my expenses without working, even with future expenses taken into account. You don’t need a full renovation to boost property value There are two ways to boost the value of your properties: Maximize returns or profit, or minimize expenses. So far, I’ve spent about $5 million in renovations across my portfolio, and I’ve tried to make every dollar count. Just adding upgrades like laundry rooms and stainless steel appliances to ready-to-rent properties can help increase the rental value of a property.
Buying in opportune markets, or places where homes are expected to appreciate in value over time, and making small adjustments to those properties can also boost the long-term value of your purchases. Lean on local property professionals I always work with local mom-and-pop property management businesses in the markets I invest in. This allowed me to build a portfolio in the Midwest while living in California, and now it lets me travel while generating income through my properties. I can view homes via FaceTime with my agent, rely on a trusted contractor for renovations, and leave it to my property manager to source responsible tenants. Rental property investment refers to the investment that involves real estate and its purchase, followed by the holding, leasing, and selling of it. Depending on the type of rental property, investors need a certain level of expertise and knowledge to profit from their ventures. Real property can be most properties that are leasable, such as a single unit, a duplex, a single-family home, an entire apartment complex, a commercial retail plaza, or an office space. In some cases, industrial properties can also be used as rental property investments. More commercial rental properties, such as apartment complexes or office buildings, are more complicated and difficult to analyze due to a variety of factors that result from the larger scale. For older properties, it is typical to assume higher maintenance and repair costs.
Army Welfare Trust Housing Scheme Lahore Phase 1Rental property investments are generally capital-intensive and cash flow dependent with low levels of liquidity. However, compared with equity markets, rental property investments are normally more stable, have tax benefits, and are more likely to hedge against inflation. Given proper financial analysis, they can turn out to be profitable and worthwhile investments. The Rental Property can help run the numbers. Income There are several ways in which rental property investments earn income. The first is that investors earn regular cash flow, usually on a monthly basis, in the form of rental payments from tenants. In addition, as with the ownership of any equity, rental properties give the investor the possibility of earning profit from the appreciation, or increase in value over time, of the property. Unlike rental income, a sale provides one large, single return. Responsibilities Rental property investing is not passive income. It requires time and work. The investor or owner has to take on the role of the landlord and all the job responsibilities associated with it. General responsibilities of owning a rental property include:
Tenant Management—finding tenants, performing background screenings for potential tenants, creating legal lease contracts, collecting rent, and evicting tenants if necessary. Property Maintenance—repairs, upkeep, renovations, etc. Administrative—filing paperwork, setting rent, handling taxes, paying employees, budgeting, etc. It is common for rental property owners to hire property management companies at a fixed or percentage fee to handle all the responsibilities. Investors who have limited time, who don't live near their rental property, who aren't interested in hands-on management, or who can afford the cost can benefit from hiring a property management company. This is roughly estimated to cost about 10% of rental property income. General Guidelines Real estate investing can be complex, but there are some general principles that are useful as quick starting points when analyzing investments. However, every market is different, and it is very possible that these guidelines will not work for certain situations. It is important that they be treated as such, not as replacements for hard financial analysis nor advice from real estate professionals. 50% Rule—A rental property's sum of operating expenses hovers around 50% of income. Operating expenses do not include mortgage principal or interest. The other 50% can be used to pay the monthly mortgage payment. This can be used to quickly estimate the cash flow and profit of an investment. 1% Rule—The gross monthly rental income should be 1% or more of the property purchase price, after repairs. It is not uncommon to hear of people who use the 2% or even 3% Rule – the higher, the better. A lesser known rule is the 70% Rule. This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).
Internal Rate of Return Internal rate of return (IRR) or annualized total return is an annual rate earned on each dollar invested for the period it is invested. It is generally used by most, if not all, investors as a way to compare different investments. The higher the IRR, the more desirable the investment. IRR is one of, if not the most important measure of the profitability of a rental property; capitalization rate is too basic, and Cash Flow Return on Investment (CFROI) does not account for the time value of money. Capitalization Rate Capitalization rate, often called the cap rate, is the ratio of net operating income (NOI) to the investment asset value or current market value. Cap rate = Net Operating Income Price Cap rate is the best indicator for quick investment property comparisons. It can also be useful to evaluate the past cap rates of a property to gain some insight into how the property has performed in the past, which may allow the investor to extrapolate how the property may perform in the future. If it is particularly complex to measure net operating income for a given rental property, discounted cash flow analysis can be a more accurate alternative.
Property Industrial Land For Sale In LahoreCash Flow Return on Investment When purchasing rental properties with loans, cash flows need to be examined carefully. Rental property investment failures can be caused by unsustainable, negative cash flows. Cash Flow Return on Investment (CFROI) is a metric for this. Sometimes called Cash-on-Cash Return, CFROI helps investors identify the losses/gains associated with ongoing cash flows. Sustainable rental properties should generally have increasing annual CFROI percentages, usually due to static mortgage payments along with rent incomes that appreciate over time. Things to Keep in Mind Generally, the higher an investment's IRR, CFROI, and cap rate, the better. In the real world, it is very unlikely that an investment in a rental property goes exactly as planned or as calculated by this Rental Property . Making so many financial assumptions extended over long periods of time (usually several decades) may result in undesirable/unexpected surprises. Whether a short recession depreciates the value of a property significantly, or construction of a thriving shopping complex inflates values, both can have drastic influences on cap rate, IRR, and CFROI. Even mid-level changes such as hikes in maintenance costs or vacancy rates can affect the numbers. Monthly rent may also fluctuate drastically from year to year, so taking the estimated rent from a certain time and extrapolating it several decades into the future based on an appreciation rate might not be realistic. Furthermore, while the appreciation of values is accounted for, inflation is not, which might distort such large figures drastically.
Other Types of Real Estate Investments Aside from rental properties, there are many other ways to invest in real estate. The following lists a few other common investments. REITs Real Estate Investment Trusts (REITs) are companies that let investors pool their money to make debt or equity investments in a collection of properties or other real estate assets. REITs can be classified as private, publicly traded, or public non-traded. REITs are ideal for investors who want portfolio exposure to real estate without having to go through a traditional real estate transaction. For the most part, REITs are a source of passive income as part of a diversified portfolio of investments that generally includes stocks and bonds. Buy and Sell Buying and selling (sometimes called real estate trading) is similar to rental property investing, except there is no or little leasing out involved. Generally, real estate is purchased, improvements are made, and it is then sold for profit, usually in a short time frame. Sometimes no improvements are made. When buying and selling houses, it is commonly called house flipping. Buying and selling real estate for profit generally requires deep market knowledge and expertise.
Wholesaling Wholesaling is the process of finding real estate deals, writing a contract to acquire the deal, and then selling the contract to another buyer. The wholesaler never actually owns the real estate. Investment property is land or a building (including part of a building) or both that is: held to earn rentals or for capital appreciation or both; not owner-occupied; not used in production or supply of goods and services, or for administration; and not held for sale in the ordinary course of business. Investment property may include investment property that is being redeveloped.
Mangla Garrison Housing SocietyAn investment property is measured initially at cost. The cost of an investment property interest held under a lease is measured in accordance with IAS 17 at the lower of the fair value of the property interest and the present value of the minimum lease payments. For subsequent measurement an entity must adopt either the fair value model or the cost model as its accounting policy for all investment properties. All entities must determine fair value for measurement (if the entity uses the fair value model) or disclosure (if it uses the cost model). Fair value reflects market conditions at the end of the reporting period. Under the fair value model, investment property is remeasured at the end of each reporting period. Changes in fair value are recognised in profit or loss as they occur. Fair value is the price at which the property could be exchanged between knowledgeable, willing parties in an arm’s length transaction, without deducting transaction costs (see IFRS 13). Under the cost model, investment property is measured at cost less accumulated depreciation and any accumulated impairment losses. Fair value is disclosed. Gains and losses on disposal are recognised in profit or loss. Standard history In April 2001 the International Accounting Standards Board (Board) adopted IAS 40 Investment Property, which had originally been issued by the International Accounting Standards Committee in April 2000. That Standard had replaced some parts of IAS 25 Accounting for Investments, which had been issued in March 1986 and had not already been replaced by IAS 39 Financial Instruments: Recognition and Measurement.
In December 2003 the Board issued a revised IAS 40 as part of its initial agenda of technical projects. In January 2016, IFRS 16 Leases made various amendments to IAS 40, including expanding its scope to include both owned investment property and investment property held by a lessee as a right-of-use asset. In December 2016, the Board issued Transfers of Investment Property (Amendments to IAS 40) which clarifies when there is a transfer to, or from, investment property.
Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. Unlike stock and bond investors, prospective real estate owners can use leverage to buy a property by paying a portion of the total cost upfront, then paying off the balance, plus interest, over time. Though a traditional mortgage generally requires a 20% to 25% down payment, in some cases, a 5% down payment is all it takes to purchase an entire property. This ability to control the asset the moment papers are signed emboldens both real estate flippers and landlords, who can, in turn, take out second mortgages on their homes in order to make down payments on additional properties. Here are five key ways investors can make money on real estate. KEY TAKEAWAYS Aspiring real estate owners can buy a property by using leverage, paying a portion of its total cost upfront, and paying off the balance over time. One of the primary ways in which investors can make money in real estate is to become the landlord of a rental property. People who are flippers, buying up undervalued real estate, fixing it up, and selling it, can also earn income. Real estate investment groups are a more hands-off way to make money in real estate. Real estate investment trusts (REITs) are basically dividend-paying stocks. 1:40 5 Simple Ways To Invest In Real Estate
This breakdown should help you out. Pros: Why invest in real estate? Cons (depending on your investment appetite) Potential for high returns in a short time Prices may not go up as soon as expected A solid asset in your possession Possessing property involves paying property taxes A steady source of income, if rented out Real estate cannot be liquidated urgently Can be held for future personal use Property value may fall due to certain situations A good asset to pass over to your kin Legal issues or fraudulent practices may occur HOW SHOULD YOU GO ABOUT IT? buying a property in Pakistan You need to do your due diligence to be successful in the trade As a beginner in the world of real estate investment, you may be worried about not having in-depth knowledge about real estate investment in Pakistan. However, that is nothing to worry about. There are only a few simple steps that are required for any successful investment pursuit in the Pakistan property market. Once you learn them, you’ll be well on your way to striking some real estate gold!
Consider the following points: DETERMINE YOUR REQUIREMENTS First of all, think thoroughly about your investment goals You need to determine your holding power, i.e., the amount of time you are willing to hold on to your purchase before putting it up for sale. Also, confirm what your exact budget is so that you can conduct your market research accordingly. Additionally, you need to decide whether you wish to invest in the city of your residence or someplace else. DO YOUR RESEARCH Once you’ve determined what your requirements are, do your research by checking property options that fit your needs. Utilise a wide range of resources for this purpose. For the property market in Pakistan, browsing through .com, the top property portal in the country, can give you a very good idea about the best projects for you to invest in. Furthermore, ensure that any project you’re interested in comes with all the relevant regulatory approvals. You can check with the development authority of the area you are interested in to confirm this.
It is also a good idea to talk to a few agents about the price and demand trends in your chosen area. This information will give you an idea about how much appreciation in property value (price) you can expect. With extensive research, you may also be able to determine your own how-to-invest-in-real-estate-with-little-money code. BUY YOUR PROPERTY Once the preliminary research is done and you have narrowed down your options for real estate investment in Pakistan, it is time to purchase your property. Keep all legal considerations in mind and get the relevant transfer and sales deeds checked by a lawyer. Moreover, consider the location and stage of development of your plot or home. These factors have a major impact on how soon the rates of your property go up. Always buy property approved by the relevant government authorities, so that you don’t lose out on your investment in the case of any legal issues.
If you are a beginner in the property market, this guide on how to buy a house for the first time will definitely help you out. WAIT FOR THE APPROPRIATE TIME PERIOD OR FIND A RELIABLE TENANT This is where it gets tricky because this is the stage that sets apart seasoned investors from property market newbies. There are a number of factors that affect, or dictate, how long you should hold on to your property. These include market trends, the general political situation, the project’s state of development, project location, and the developer’s reputation. For example, projects in Defence House Authority are popular with both local and overseas investors due to their reputation for being reliable and quality development. As for renting out your property for gaining a steady income, there are a number of considerations to keep in mind. First and foremost, there needs to be a written and signed tenancy agreement between the two parties involved. This document should outline the span of the tenancy, the amount of rent and when it is to be paid, the rate at which the rent will increase over time, and the process of eviction in case you want your property for your own use.
The eviction clause should also include what actions would construe immediate eviction. Register this agreement with your local law enforcement authorities, so that you are not liable for any illegal activities by your tenant. In fact, the authorities will ensure that the eviction takes place (should any disagreements arise) – despite any possible resistance by the tenant. selling a house for profit You need to sell your property at the right time to make the most of your investment SELL YOUR PROPERTY This is where your investment in real estate in Pakistan becomes fruitful for you. Once you feel that your property has reached its peak value potential, it’s time to sell. However, there are a few steps you need to follow to get the best rate and return on investment: Do not rely on one resource
Do not rely on just agents or unverified portals to determine the rate of the property you wish to buy or sell. Go over the listings on .com for the property’s area to see the range of rates currently trending. In addition to that, contact a few agents to get the pulse of the market and see what rates they are offering. Ascertain the value of your property This step requires a bit of subterfuge. Call one or two agents and ask the rate for your desired property from a buyer’s perspective. Then, call one or two more agents to ask about the rates from a seller’s perspective. The accurate market value will lie somewhere between the rates quoted, as buyers’ rates tend to be higher than sellers’ rates. Try to meet the other party face-to-face Whether you’re a buyer or a seller, meeting the other party face to face can help to smoothen the process. You can also verify the ownership status and legal status of the property more accurately this way.
New Lahore City 5 Marla Plot PriceIf you’re buying property, ensure that you cross-check the allotment or transfer letter with the owner’s NIC. Go for token money in the preliminary stages Once a deal is negotiated, token money will be given to the seller. This is a guarantee by the buyer that they will purchase this property, and binds both parties to the deal. Token money is usually a relatively small percentage of the property’s total value, and should ideally be between PKR 50,000 to PKR 100,000. The token receipt should have the complete details of the property and should mention if there are any litigation issues. Verify the allotment/transfer documents Go to the society or authority’s office to verify the transfer and/or allotment letter document. This will confirm the status of the property you wish to buy. When you’re selling property, ensure that the transfer letter is issued to the buyer in their name.
Avoid payments in cash Try to make your property transactions as easy to track as possible. Therefore, avoid buying and selling property on cash payments, as this could lead to incurring legal issues – especially with the ongoing regularisation of the real estate market. Go for pay orders or cheques, and keep all tangible evidence with you (in a secure place). This measure will also protect you from any future liabilities. Moreover, you can also check out how to sell property in Pakistan and its transfer procedure for a better understanding of the topic. So, here was our guide on the property investment basics in Pakistan. For more information and a deeper look into the real estate market of Pakistan, check out some tips on how to sell your house or plot for the highest value. If you are planning on investing in real estate in Pakistan, you must also take a look at property fees applicable to real estate investments.
Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or washing machine. The land will only double its value in ten years. – Sam Shepard. Property investment is one of Pakistan’s most lucrative business ideas, owing to its multiple benefits and perks. Every year, many investors put their money in the real estate industry because it is considered as one of the safest investments in Pakistan. It is worthy to mention here that property investment in Lahore is booming at a fast pace. The major cities are perfect for property investment. One of the best places to invest your hard-earned money is Lahore. The metropolitan city and the provincial capital of Punjab are known among the masses for their vibrant culture, rich cuisine, state of infrastructure and top tier housing societies.
Best Home Builders In LahoreThere are many housing societies and areas in Lahore that are selling like hotcakes. These investment opportunities in Lahore are a perfect way to secure your future and hard-earned money. If you are a real estate investor or someone who wants to secure their finances in the long run, this blog is for you. This blog brings you a list of things you need to know about property investment in Lahore. List of property investments in Lahore: DHA, Lahore: The first place on our list that is perfect for the residents of Lahore is DHA, Lahore. Defence Housing Authority (DHA) is a real-estate development company that governs housing and municipal services for Defence neighbourhoods in Pakistan. It is the second-largest gated community in Pakistan. The DHA started its journey from the twin cities of Pakistan, and today it has several gated communities in many cities of Pakistan. DHA is known for its state-of-the-art infrastructure, including stylish homes, wide roads, and extensive shopping centres. It is ideal for people who are looking for a place that is peaceful, modern and secure. DHA is divided into different sectors and phases, depending on the size of the plot and houses. Phase 1 is the oldest phase of DHA, Lahore, and currently, new phases ( 6 and 7) are under construction. DHA is not only a great place to live in, but it is also highly profitable for investors who are looking for long-term investments, especially in the real estate sector.
If you are looking to secure your hard-earned cash, you can consider DHA, Lahore. The housing society is best known for its planned environment, beautiful architectural landscapes and rental yields. The homes are perfect for people who are looking for luxurious places in Lahore. Visit .com and check out houses for sale in DHA Lahore. Bahria Town Lahore: The next place on our list is none other than Bahria Town, Lahore. This best housing society in Lahore for investment is perfect for new and seasoned investors. Bahria town is the largest gated community in Pakistan. Owing to its multiple amenities and facilities, it is considered one of the best places to live in Lahore and one of the most famous housing societies in Pakistan. Bahria town is famous among the masses because of its high standard of living, beautiful buildings, and many facilities and amenities. Other than that, the community is located at the prime location of Canal Road. If you are looking for a housing society that can offer you convenience without compromising luxury, Bahria Town is ideal. The society comes with a wide variety of real estate projects, including farmhouses, apartments, villas, bungalows, and commercial properties.
Besides these real estate projects, the place also has all the basic and advanced amenities and facilities, including hospitals, schools, mosques, utilities, and security. If you want to explore the properties for sale in Bahria Town, Lahore, visit our website and find houses in Bahria town Lahore. Gulberg Lahore: Gulberg is an administrative town, also known as tehsil, in Lahore, Punjab, Pakistan. It is one of the ten municipalities of the Lahore City District. Luxury, convenience, and a peaceful environment perfectly define Gulberg Lahore. Some of the neighbouring areas around Gulberg include Railway Colony, Daras Barey Mian, Bibi Pak Daman, Garhi Shahu, Zaman Park, Al Hamra, Naseerabad, Garden Town, Model Town, Faisal Town and Liaqatabad.
Property 3 Marla Plot For Sale In New Lahore CityUndoubtedly, Gulberg is one of the best places to live in Lahore due to its renowned shopping centre, the liberty market. It is a shopping centre known for its massive variety of product offerings. You can find everything, including clothes, shoes, decoration, furniture, that too at very affordable prices. Apart from residential areas, the place is perfect for investors looking for opportunities to diversify their portfolios. Gulberg offers a lot of commercial properties, including shopping malls, corporate offices, and malls. Visit .com and check out houses for sale in Gulberg Lahore. Model Town Lahore: Model Town Lahore is one of the oldest residential areas in Lahore, founded in the early ’90s. The place is known for its beautiful houses, lush green parks, and wide roads. Apart from residential areas, there are shopping malls in the area, especially along Link Road. If you are looking for a house for rent in Lahore at affordable prices, the Model town might be a good option for you. The rents in this area of the city are comparatively low because the society is old and the cost of living is low. The total area of the place is spread across 1463 acres (9 km²) and is divided into ten blocks (A, B, C, D, E, F, G, H, J, K), respectively. Blocks L, M, N, P, Q, R, and S are in the outskirts of Model Town and are administered by Lahore Development Authority (LDA). Each block has its market, playground, mosque, parks, etc. To know more about houses for sale in Model Town Lahore, visit .com.
State Life Housing Society Lahore: The next place on our list that is perfect for property investment in Lahore is the State Life Housing society. Located near Badshahi Mosque, This place is one of the most affordable residential areas in Lahore and is known for its wide range of amenities and facilities. The society is also linked with Lahore ring road and Atta Bakhsh road. The people prefer society due to its prime location, an abundance of amenities and facilities, good infrastructure, and planning. Find houses for sale in the State Life Housing Society through .com. Johar Town, Lahore: Johar town is an area in Lahore that has high demand in the real estate market. Johar Town Lahore was named after Muhammad Ali Johar, a famous leader from the Pakistan movement. The area is among the oldest residential places in Lahore; hence you can find an extensive portfolio of real estate projects in this area. It is located at the prime location of canal road and has many amenities and facilities, including schools, colleges, shopping centres, and hospitals. If you are looking for an excellent real estate investment in Lahore, do consider Johar Town, Lahore. see: Houses for Sale in Johar Town Lahore
Some of the main attractions include Lahore Expo Center and Emporium Mall, which are perfect for spending some quality time with your friends and family. Some of the educational institutes in the area include the University of Central Punjab (UCP) Main Campus, University of Management & Technology (UMT), Bahria University, Lahore Grammar School, Bloomfield Hall School, and Musab School System. Many hospitals are located in the area, including Latif Hospital, Horizon Hospital, and Doctors Hospital. This housing scheme in Lahore for investment is trending and is considered one of the best housing societies in Lahore. Garden Town Lahore: Garden Town is one of the most trusted places to live in Lahore, owing to its locality and facilities. It is located near Ferozepur Road, one of the busiest and famous areas in Lahore. Garden town is also linked with Canal Bank road, Ferozepur road, and Usmania road. People who prefer living in the central city should consider Garden Town for sure. The city is divided into 12 blocks based on plot sizes. These areas are Garden Block, Ahmed Block, Abu Bakr Block, Ali Block, Usman Block, Tipu Block, Babar Block, Aibak Block, Aurangzeb Block, Tariq Block, Ata Turk Block, and Sher Shah Block. It is the best investment in Lahore, owing to its land value.