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Re: To Build Another House Or Invest In Business by TDstarr: 1:48pm On Aug 04, 2016 |
Electroweb:learn how to ask mature questions next time.... *cheers* |
Re: To Build Another House Or Invest In Business by Nobody: 1:56pm On Aug 04, 2016 |
omotohdarajugbogbolo: How much are we talking about |
Re: To Build Another House Or Invest In Business by Nobody: 1:58pm On Aug 04, 2016 |
Koolking: There's a clear difference between building a house for the sole seek of owning a house or for rentage seek , and owning/running a property/real estate as a business concern. So, not all houses are good assets or flourishing investments. 1 Like |
Re: To Build Another House Or Invest In Business by basadenet: 2:03pm On Aug 04, 2016 |
No business is certain in Nigeria for now it in future, so I advise you invest in building and you will never regret. |
Re: To Build Another House Or Invest In Business by Nobody: 2:06pm On Aug 04, 2016 |
From the response on this thread i can see why many Nigerians are poor. Investment is only a risk,if you have no practical knowledge about what you are doing. Investment is of 2 types.... Investing for cashflow ....only for those who wants financial freedom and not job security. investing for capital gains...Ymodulus engages so much in business like this i.e the tomato business. If the OP is looking for business ideas you have tipper cement sales combined with cement block industry pure water factory transportation business if you can get a reliable bus driver ...instead of buiding another house give cashew/oil palm plantation a trial i.e 440 seedling planted per acre for heavy density planting.. Agricultural investment requires patience. I in particular i dont have a job but i saved enough to build an investment that would fetch me cash in coming years either i work or not thus i practice what i preach. I would advice nysc corpers if they have lands in their villages to invest their allawe,give agricultural plantation a trial...preferably cashew coz oil palm need machinery for processing which doesn't come cheap,seeds can be gotten from Adp's. make i keep quiet jaare....lol. 2 Likes |
Re: To Build Another House Or Invest In Business by Ojugunrege(f): 2:22pm On Aug 04, 2016 |
Jesona: can you throw more light on this investment? |
Re: To Build Another House Or Invest In Business by Electroweb(m): 2:40pm On Aug 04, 2016 |
TDstarr: From the responses it is easy to deduce who is immature. 1 Like |
Re: To Build Another House Or Invest In Business by Koolking(m): 2:45pm On Aug 04, 2016 |
Empero1: Op already built one, wondering what he would be doing with a second house at his age if not to lease for a fee. |
Re: To Build Another House Or Invest In Business by Electroweb(m): 2:47pm On Aug 04, 2016 |
Ojugunrege: I always feel somehow suspicious when people talk about businesses with high returns but cannot state what exactly it is in the open. 1 Like |
Re: To Build Another House Or Invest In Business by EagleScribes: 3:09pm On Aug 04, 2016 |
Owlumeday: You just reiterated my point. Is it crop production or animal husbandry? Is it in the aspect of production or storage or transportation or general agribusiness? Agriculture is so wide and diverse such that you can't wake up one day to "invest" into it. You have to be specific on an area of Agriculture. Hope you get my point. If not, all the best 1 Like |
Re: To Build Another House Or Invest In Business by Teeneyo(m): 3:30pm On Aug 04, 2016 |
I own a school and will like to do some renovation for d upcoming term and put in place aggressive marketing strategy to capture new intakes. I need the sum of 200,000 naira. I will pay back 260,000,in form of monthly income. That is 26000 per month for 10 months. You can renew the investment if you wish after the time limit. Call me on 08100025587. Whatsapp me on 09050977779. Thank you. |
Re: To Build Another House Or Invest In Business by kinmarax: 3:43pm On Aug 04, 2016 |
I am intested in sound and profitable business ideas from smart Nigerians within a decent investment threshold. Please, I will really appreciate if you can send me a detailed plan of the business, the cost implication (office rent inclusive), the profit margin, the partnership terms and expected time to break even to enable me make an informed decision about investing. Am looking at an initial investment of a little over 3 million Naira and subsequent investment depending on the profitability. Contact me on: sundayjiana@yahoo.com please ensure you drop your phone number should I require further clarification. Thank you my email: sundayjiana@yahoo.com Jesona: |
Re: To Build Another House Or Invest In Business by benideey(m): 4:21pm On Aug 04, 2016 |
As Population Increases, there will always be need for more infrastructures. Shelter is a basic need of man. People will always need a place to lay their heads. Investing in a house is worthwhile. Also, there's tendency for rent to appreciate with time depending on the location of structure. |
Re: To Build Another House Or Invest In Business by emtol: 4:54pm On Aug 04, 2016 |
I don't know whether u are a civil servant or not, and 3 R are involved in salary earnings (Resign, Retrench, Retire). And from what u said u have built a house a more before. So, in my own perspective investing is d best for now. House will also need maintenance although it's also an investment but d returns is not always huge on a short run. Investors take risks to be rich. I'll only advice u don't risk a very risky business. |
Re: To Build Another House Or Invest In Business by MissShakara: 5:13pm On Aug 04, 2016 |
Jesona I am interested in your proposal. I am equally in thesame dilemma as the op. Kindly send me an email. thanks Jesona: |
Re: To Build Another House Or Invest In Business by Fhowe: 5:27pm On Aug 04, 2016 |
Nobody told you when you were building your first house another scammer on the prowl op please take this down |
Re: To Build Another House Or Invest In Business by Azeeztaophic(m): 5:30pm On Aug 04, 2016 |
House biz, if you are ok with your place of work you can build more house, it's also an investment, but if the working place is not ok, you can embark on biz and get your self employed and build house. |
Re: To Build Another House Or Invest In Business by Haybeecoded: 6:34pm On Aug 04, 2016 |
How much in question Before any adbvice could Be made I fink that's first thing that gets the decision open and fixed trust me!!!!!!!!!!!!!!!!! |
Re: To Build Another House Or Invest In Business by otswag(m): 10:54pm On Aug 04, 2016 |
Kai! Na dis kain dilema people dey pray for |
Re: To Build Another House Or Invest In Business by TheUnbeatable(m): 11:07am On Aug 05, 2016 |
@Op: Why not look at Agri-Real Estate. Peoples income can decrease and they move put of houses. If you build agricultural houses in agricultural areas like poultry house with cage, piggery, fish ponds, store and many other structures, you get better value for your investment. If you invest in volumes, you get your ROI fattened. There is no economic recession that can affect your investment because people will eat everyday. If one goes out of business and packs out, many others are looking for empty agric houses to expand or start their agribusiness. Apart from that, many middle class are taking solace in agriculture now but can't venture because of high capital base for building agri-structures. I can continue listing other statement of problems that warrant investment in Agri-Real estate. Mind you, I gave the name for the enterprise (Agri-Real estate). You can consider the option and make up your mind fast because money is a visitor. God bless your work, Sincerely, 1 Like |
Re: To Build Another House Or Invest In Business by TheUnbeatable(m): 11:18am On Aug 05, 2016 |
IHate9ja1: Be careful with giving advice. Agriculture is good business but need wisdom and done in volume. God bless your work Sincerely |
Re: To Build Another House Or Invest In Business by Nobody: 2:56pm On Aug 05, 2016 |
omotohdarajugbogbolo: There is nothing as good as house. Speaking from painful experience. You can lose in business but you cant lose with real estate. |
Re: To Build Another House Or Invest In Business by Delafruita(m): 9:45am On Aug 07, 2016 |
MetaHuman:a house is not a good investment, its a good asset in most cases. In some other cases, a house will just be a liability. That doesnt mean building another house isnt good, but there has to be an analysis of other variables like how much does the individual have on ground. Sometimes its good to start a business and when it starts to grow, use profits to build another house, other times its good to build a house, collect initial rent and use to start a business. There is no "one size fits all". Sometimes you might not recoup your cost of building a house for up to 10-15 years. Thats npt even calculating for inflation so how is that a good investment? 1 Like |
Re: To Build Another House Or Invest In Business by Delafruita(m): 9:46am On Aug 07, 2016 |
Naughtysite:very wrong assertion. Unless real estate is your full time occupation, building a house isnt always a good investment |
Re: To Build Another House Or Invest In Business by Delafruita(m): 9:51am On Aug 07, 2016 |
Teeneyo:where is the school located? If its in lagos, We can offer you a short term loan facility for 1-3 months but you must have collateral. Send a mail to dominionfinancials@gmail.com if interested |
Re: To Build Another House Or Invest In Business by Nobody: 9:58am On Aug 07, 2016 |
Delafruita: Two years ago, i said thesame thing you just said. Experience has taught me never to assume to know anything. Read the latest interview granted by Ibeto and understand. https://www.nairaland.com/2608768/cletus-ibeto-man-spurned-saddams#47966579 |
Re: To Build Another House Or Invest In Business by Nobody: 10:22am On Aug 07, 2016 |
Delafruita:house is a good investment for me especially in Nigeria that you don't have to pay property tax. You don't recuperate your money when it comes to houses.. You could sell the house if you want your money back and still make more of the actual cost of the house. Even if the house don't worth anything in the future which hardly is the case, the land would have appreciated.. Lands don't despericiate no matter how nasty the area. E.g, a friend sold one of his fathers house to mtn. MTn didn't need the house but the land. Looking at the structure of the house, it doesn't worth 5million, but he sold it 45million to mtn. House is a kind of investment you can put your mind to rest if you have it, unlike other investment where bad economy or anything could happen. |
Re: To Build Another House Or Invest In Business by Delafruita(m): 7:30am On Aug 08, 2016 |
Naughtysite:well, my experience has taught me exactly what i stated earlier. I didnt say building a house is not a good investment, i said it isnt always a good investment. People have this notion that its the best investment ever and the safest but that isnt always the case. I havent built many houses, but having built six and currently on the seventh, i can at least say i have a little experience. For me however, its like a hobby,. I derive a certain high from converting an empty space into something else. For some people its beer, car for some and women for others, for me its small houses. But i can admit to the fact that if i had invested the funds i have used in building houses over the past 3 years in bonds or treausry bills, i would have made a good yield. 1 Like |
Re: To Build Another House Or Invest In Business by Delafruita(m): 7:41am On Aug 08, 2016 |
MetaHuman:land appreciates in value but not always at a good rate. There are areas where the rate of appreciation in five yearsvis less than 5%. A house isnt a liquid investment. You can easily turn it to cash whenever you want. It takes years for some people to be able to sell their house. I currently have up to 4 hoises my clients have for sale. Some have been on the market for three years before been assigned to me |
Re: To Build Another House Or Invest In Business by Nobody: 8:35am On Aug 08, 2016 |
Delafruita:either way, it won't go anywhere before you sell it.. Which investment can you put your mind to rest in Nigeria and still guarantee good returns? |
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