angelo82:

I find your piece very interesting and logically it apply to land situation in Nigeria but sometimes we need to draw ideas from real life experience more than from speculation……You have to know that even if you have complete papers of landed properties in Nigeria you may not get the expected return… .... ….My experience….

I importantly noted @petikal said he was interested in buying land and flipping it in what I would consider "short" term.

Pluslargent: can somone in the house shed more light on thos kgif giving 12%?and hoe secured is it?

Chillisauce: Real estate in renting works better if you build cheap houses for low income earners . For mid and high income, it will take you yrs to make a profit . You might even be dead and one sibling takes over the whole thing.

ifyalways:
Really, Chili?
From my own experience, the opposite is the case. I think location is a determining factor. I can't imagine after all the sand filing before building proper in a place like Lekki then building for low income earners.

Boils down to location, IMO.

3 bed flat goes for a minimum of 2.5M per annum in Lekki ,while 500K or thereabouts would get you something similar in places like Ikorodu, Egbeda etc.

Chillisauce:
I understand you, but the high income earners are scarce oh. After spending money on plot of land at about 10-20million, sand filling, construction etc the money on tat place will take about 50M if not above to finish a well furnished apartment.
Now looking at the quantity, you have about 70% of low income earners , get some plots with that 1plot money for lekki, build cheap flats of single rooms and 1bedroom flats, the renting goes about 60k a 150k( depends on location too), before you say Jack, your tenants are complete. 5 yrs sef you have gotten your money back.
I would consider building for high income earners if I will stay there when I retire or if I'm a big politician trying to hide money fast fast . Since I'm just a simple hustler, I will focus on the low income people and take the small money when them get for comfort. It's just business.
I will also make sure to invest in maybe 2 soldiers for those stubborn tenants that would refuse to pay or move out after the expiration of their contract.

walcolm: KGIF = Kakawa Guaranteed Income Fund

you have a minimum guaranteed return on your money/annum (CBN's MRR) and there could be an upside

2ndOGA:

What's the minimum guaranteed return on this like?

sammily: I apologize for asking this out-of-trend question, does anybody have any info on First bank's Money Market Mutual Fund? how secure it is, when is returns paid? etc. I already bank with FB and I thinking of trying it out. Has anyone tried it out before, what was your experience?

ernie4life:

go to the thread opened on mutual funds and ask your question, I think somebody there has invested in it b4

coderXO:

But if na kgif you will answer on this thread

ernie4life:

go to the thread opened on mutual funds and ask your question, I think somebody there has invested in it b4

Mpeace: Each time I hear about kgif on this thread, I just remember my money in one wonder bank in jos. Those people even came on tv to show their legitimacy. Na so I carry all de money wey I get plus money wey I borrow all totaling 1.1mil go put. And the whole thing is now history. I can't forget that moni.

lancee:



, u dey make me remember this wonder bank again wealth creation- wetin my eyes see

Mpeace: Each time I hear about kgif on this thread, I just remember my money in one wonder bank in jos. Those people even came on tv to show their legitimacy. Na so I carry all de money wey I get plus money wey I borrow all totaling 1.1mil go put. And the whole thing is now history. I can't forget that moni.

Chillisauce:



Kpele. That's the price to pay for some high investments. When dem go fold eh...na to carry your small money disappear

lancee: pls house when is the next Auction

ernie4life: next week

Bamz:


Next week, is that for real?