brabus:

The location is Sagamu, Ogun State.

- 1km away from WAPCO/Lafarge Production Plant
- 4 km away Nestlé Flowergate Factory, Sagamu
- 1km away from the 6 lane (urban renewal programme) road
- 5km away from Babcock University
- 800m away from the house of Chief Cinzo of Nairaland'

The price is too good to be true but you'll never have wanted to put your money in the project if you've been to the location when I was buying in 2009.

It was a thick bush and nobody dare build beyond the point where I am cos there's a small stream behind.

Nice one, more palm wine to your Calabash . . . .

Sagewood: I accept to be a member of the committee. I would like to recommend Rastaman and Fhemmmy to join.

rastaman20:
.
i accept to be the member of the committee..

spyder880: I have been taking things easy in this property investment partnership so we can think things through as to arrive at better decisions. Matters concerning money and involves a lot of people should be handled with tact and wisdom.

But we must keep moving, we must continue to explore all avenues to see how best we can arrive at success. Its time for us to make a move again, in the light of recent developments.

I am suggesting we split this investment partnership into two, and handle them from two regions, manned by selected professionals based in these regions.

We all know how difficult it will be for me to move in and out of Lagos for the selection of a suitable land, verification of the land, construction of a building, and selling it. My movement and lodging will cost the partnership a lot of money which should have been saved and therefore turned into profits. Same thing will happen if a committee member is to come down to Enugu for same business, we may lose some good profits.

I humbly suggest that professionals like Junapril, Brabus and other Lagos based builders will take up the mantle and provide interested investors with land and a building as they choose the locations, the land in Ogun state which Brabus showed us is an example of the power of local knowledge, I may not find such deals in Ogun in two months if I don't know the area very well.

I will then stay in Enugu and invest for those interested in this partnership in the whole east, Owerri, Awka and Onitsha inclusive. I know this area, I work and do business here and so can reach to good deals easier.

Let us consider this option even as we select committee members. We are progressing, and its better we progress slowly than speed into problems. I will be talking more about this after we have more contributions from other members.

I want us to start doing something as from next week, those who agree can start bringing in funds so we can start this business by next week. Waiting for your contributions, Thank you all.

fuzzyt: Spider880, do u have now project timelines for this project? It is important you confirm the list of the committe, delivery timelines and key milestones to be achieved for the project. You are the champion but I just think we are not moving as we should. Enough of deliberations, you already have Femmy, brabus and other brilliant Nairalanders as part of your committe; let's spring into action. We are solidly behind you and are ready to support.

igbonla:

I think you just killed your own idea, at least what you set out to sell to would be investors. I understand the cost part but thought you had things figured out when you did the polling? Don't see how you can start next week except if you've gotten investors that have completed their due diligence and are interested only in the Eastern part where you are located.

I was following this thread with great interest, which heightened when I read that you like sticking to plans; Since this idea is still being worked out, I suggest you reduce the number of subscribers (N10M is not such a big amount) to enable easier and faster discussions/agreement so you can birth this idea.

spyder880:

Thank you for those points, I know we have wasted so much time but anything done to make sure we dont rush into trouble is a step in the right direction. The committee should be named, there are suggested members, some have accepted their nomination. But we must note some of the people nominated have not sent any mail to the project mail address. Should we hand over to them, I think the committee must be made up of members who had sent their declaration of interest to the project mail address.

Fhemmmy:

[b]Chairman, when i read this coming from my own "Oga at the top" i was a little disappointed, why? there is nothing like wasting of time so far, cos people are involved and it is important to take time to gather all information from and to all people that are involved, so please take that back, cos i see what has been happening so far as information gathering and this is normal in any business . . . .

You said, we dont wanna rush into it and that is what made me to forgive your statement of "time wasting" you need to take time to make it happen, better to make it happen in a month and do it well in right direction as you have put it than to rush it . . .

But on the idea of breaking the project into 2, i am sorry that i am not in support of that . . .Someone like me that dont know Lagos well (have not been there for 9 years) and i have no idea how to get to Enugu, where do i belong, do we start 3rd one too and called it "Lost Nigerians project"?

All i am saying is, you have a dream/plan, so let us stick to that and make it happen, you can do it and YES, WE CAN . . . let us just take time to do it well, it is not about when it is done but how well we are able to do it.

You are one of those i can invest with and go to bed at night with both eyes closed, i have told my wife about the investment, she might be representing us on the deal.[/b]

spyder880:

Lol at the 'Lost Nigerian's project'

Fhemmmy: ^^^ See how my own chairman just auto-decline me . . . No wahala oh, God dey!

rastaman20:

Supported too, i also suggest that Sir Sagewood and Sir Floridacar should be included to the clue

brabus: Here's another deal I just sealed up with a close friend of mine. The GPS location shows my personal project and we just acquired 5.5 hectares of land for less than N7m which we intend to develop into a residential estate.

As can be seen, the location is mainly non-developed land with palm trees, thick woods, shrubs, trees and other natural vegetation. And there's also apes and baboon.

We intend to do vegetation clearance, land excavation and mass land fill of some portion of the land and sell to raise some capitals to develop the main project.

@Spyder880, hope you're getting my drift.

spyder880: The time have come for me to up my game, to grow from building for individuals to building with partners. We are still going to be building lots of individual houses and flats according to the plans I have for the year, more building will still go on but this investment option is what I want us to explore.

I am always thinking business, dreaming up many ways of playing the property market and most importantly, making good profits. I have been exploring different property options, blocks of flats, bungalows, duplexes, face-me I face-you, twin structures in a single compound etc. This is the result of some of my research presented in the link below.

www.nairaland.com/720053/business-profitability-rental-properties

oduz:

Pls count me in, I can take an acre or two of this at that price, I hv confidence in the devt going on in that region, I did sponsored survey in Pakuro area about 7yrs ago & the were begging us to take a plot @ 50k the price has gone up 10times more now

But the most essential thing is Packaging

So what next?

FLORIDACAR:

Let me start by saying a big thanks to you "rastaman" for such an honor bestow on me to join league of quality nairalander's. I would have love to join but unfortunate Spider880 mentioned some questionable character's today that put me away. Though I will miss not be part of this.that we all started but i rather stay far away than deal with such people he earlier suggested to handle some part of this in Lagos.
@Spider880, I will continue follow your each & every of your treads as always and you remain not only my #1 Nairalander . But with your suggestion earlier today that we should splits into two it shows clearly you are yet to discover what some of us saw in you. You are a born leader and your work show for it. Until you ready to lead what u started & we all support you . I am out for now!

Sagewood: I think the committee should be constituted by this weekend, and the decision- making process will commence.
I am suggesting we stick to one project at a time. If we have to grapple with two concurrent projects
considering the attendant issues raised so far, the burden may be too much for a successful take-off.
The challenges of the first project can be used as guidelines for the effective planning and execution of
future projects.
We can consider the first one as a 'pilot project' and I expect a lot of stumbling on the way as we progress.
It is a learning curve and the experience may be rewarding.

fuzzyt: Spyder: Am happy to serve as a committee member; pls let me know what more is required of me?

spyder880: There has been 3 members from the list that sent a mail to the project mail address who had accepted their nominations to be part of the committee of 5. They are;

1. Sagewood
2. Rastaman20
3. fuzzyt

I will also like to serve in this committee so I am the fourth person. Meanwhile the other name mentioned that are part of the listed members have not come forward to accept his nomination, maybe because of time zones and their work schedule. The person awaited to accept his membership to the committee of 5 is Prince-onx.

We are getting somewhere.

spyder880:

Beautiful, simply great. As you suggested we now have to see what others feel before we zone the whole process.
And I elaborate as follows,
1. Western zone, Lagos, Ibadan, Abeokuta and Benin.
2. Eastern zone, Awka, Owerri, Enugu and Asaba
3. Southern zone, PH, Calabar, Uyo, and Yenogoa
4. Northern zone, Abuja, Kaduna, Kano and Makurdi.

Who else agrees with this nice suggestion?