I have been running an IT company for about 4 years now,I needed to diversify into Real estate,am currently developing 4 (2bedroom) apartment which command renting price of about 180k/ year. in the location where the project is located.
So far about N4 Million gone to the project, i just realised that building is not for the faint in the heart,i had wanted to rest for a while but all my attention has been on the project,i can't start any new project, i even find it difficult to give out few notes(naira) to friends.
I am thinking of developing another 4 apartments of 2 bedroom,
Nairalanders what do u think?

Good luck with the project. It's definitely not for the faint of heart.

In the long run you will realise it is a very very worthy investment.

Rental Properties in Nigeria never depreciate in price and will always go up.

Take for instance, your N180,000 per year x 2= N360,000

After the 2 years is up, you raise it to N200,000 x 2 years which is N400,000

and it goes on and on and on. It takes time but it is a life worth investment and after some time you sell the property probably double the price and you have recouped your initial capital plus interest. Its a win win situation with properties!