toyeoye:


Well done sir. Is that gravel spread across the grounds?

Yes it’s gravel. Thanks.

EgunMogaji2:


It's five 10' X10' shops. One for me as a mini office, two combined as a shop for Madam (of course), one to be used as a barber shop (we'll outfit and supply the shop and just hire a barber on a split contract basis. The last one will be the supply room for a small neighbourhood joint. There'll be another building soon that will be about twenty or so hourly rental studio rooms. What clients do in there is their business

Oga mi. My four years on the ground has opened my eyes to lucrative off the radar business that brings daily income. I say it again, one can't be in the USA/abroad and plan businesses in Nigeria. We are a unique country. N1K per hour is let's say N12K per day (assuming 12 hours but could be 16 hours). N84K per week. N336K per month. N4.3M per year. One room. No rental contract. No eviction. No court nonsense. Just disinfect/clean/wash linens. 10 rooms = N43M/year.

Do you know one gentleman who asked what we were building has asked to rent one of the studio rooms on a monthly basis as a kill shelter. His words not mine

But you gotta be morally flexible. I am.

See business ideas

EgunMogaji2:
POP starts next week then electrical and then painting.

Missed the progress.

Good job!

folmus:


Missed the progress.

Good job!

Thanks Sir. We got married somewhere there so that took some time and some of my guys had bigger jobs so I excused them.

EgunMogaji2:


The whole strategy behind my real estate holding can be summed up in this quote from Will Rogers.

“Don’t wait to buy land, Buy land and wait. Find out where the people are going and buy the land before they get there.”

It’s a decidedly small convenience store and lounge to cater to the immediate neighborhood.

I’ll post a wider short so you can visualize the coming and existing development. A lot of rental flats are in the picture. This is hovering in place and looking North, East, South and West.

Thanks.

PS: I’ve said it before too that I actually don’t need to make money in Nigeria as I’m fully retired after over 3 decades in the USA, so I only invest with my slush funds which excludes me from mainstream sectors. I’m okay with that.

Ibadan is no longer a City of Brown Roofs. People underrate it at their own loss.

1kinggy:


Ibadan is no longer a City of Brown Roofs. People underrate it at their own loss.

You’re very correct.

EgunMogaji2:


Thanks Sir. We got married somewhere there so that took some time and some of my guys had bigger jobs so I excused them.

/

Kindly explain.

Keyword: married.


/

InvertedHammer:

/

Kindly explain.

Keyword: married.

/

Senor, you read right - I got remarried

EgunMogaji2:


Senor, you read right - I got remarried

/
Congratulations.

Marriage in Nigeria is the best for any man

A wise lady will cool down and enjoy everything you have to offer. Tell her that I said so.

/

EgunMogaji2:

Senor, you read right - I got remarried

And I was and still happy for you.

Hajji M.

mufutau55:


And I was and still happy for you.

Hajji M.

Thank you Sir for your unwavering support and generosity. I’m grateful.

InvertedHammer:


/
Congratulations.

Marriage in Nigeria is the best for any man

A wise lady will cool down and enjoy everything you have to offer. Tell her that I said so.

/

I agree and I should write a book on the complexities of living in Nigeria, especially for hybrid people like us. I did a Nikkai. Thank you.

EgunMogaji2:

Thank you Sir for your unwavering support and generosity. I’m grateful.

Anytime, my brother. Thank you.

Hajji M.

Just a quick update. POP has been completed and so is tiling.

Hopefully Wasiu can get it painted before end of the month.

EgunMogaji2:
Just a quick update. POP has been completed and so is tiling.

Hopefully Wasiu can get it painted before end of the month.

Alhamdullilah!!

Nice one sir and congratulations on your wedding…

Even though we didn’t get iv to come and party..


Your home is blessed sir.

twinskenny:
Nice one sir and congratulations on your wedding…

Even though we didn’t get iv to come and party..

Your home is blessed sir.

Sorry Eire.

I'm having problems with three of my SeCams. I did some troubleshooting as best as I can considering my current limitations. Next time you're in Ibadan please let m know if you can swing by. Also bring at least one bullet type IP camera.

Thanks.

EgunMogaji2:


Sorry Eire.

I'm having problems with three of my SeCams. I did some troubleshooting as best as I can considering my current limitations. Next time you're in Ibadan please let m know if you can swing by. Also bring at least one bullet type IP camera.

Thanks.

Oh okay sure. I will let you know sir. Will sure take a look

Hi whats the update on the project. Have you started marketing your solar lights

rabzy:
Hi whats the update on the project. Have you started marketing your solar lights

It’s ongoing but slightly delayed due to a personal challenge last year. I need to do some additional security iron works then it’ll be ready for painting and groundwork’s.

I only sell street and flood lights for now.

Thanks.

Wow. How much have you spent so far apart from land and fence cost?

EgunMogaji2:


It’s ongoing but slightly delayed due to a personal challenge last year. I need to do some additional security iron works then it’ll be ready for painting and groundwork’s.

I only sell street and flood lights for now.

Thanks.

Okay, do you have solar street lights and flood lights

seanwilliam:
Wow. How much have you spent so far apart from land and fence cost?

I don't have access to latest figures but read the attached link when it was N2M. If I would guess I would say N3M or thereabouts.

https://www.nairaland.com/7060516/small-commercial-build/2#112553024

https://www.nairaland.com/7060516/small-commercial-build/2#112557699

EgunMogaji2:


I don't have access to latest figures but read the attached link when it was N2M. If I would guess I would say N3M or thereabouts.

https://www.nairaland.com/7060516/small-commercial-build/2#112553024

https://www.nairaland.com/7060516/small-commercial-build/2#112557699

Wow. Thank you so much . I’ve been following the thread and I’m inspired.


Pls sir, do you have any idea on how much a plot of land goes for around Elebu ?

seanwilliam:

Wow. Thank you so much . I’ve been following the thread and I’m inspired.

Pls sir, do you have any idea on how much a plot of land goes for around Elebu ?

It really depends on the specific area as Elebu is actually vast.

But gone are those days of N500K land unless it's almost at Idi Ayunre.

EgunMogaji2:
The Accountant General said as the project stands today at just over N2M without counting cost of land, fence and gate.

It’s a shop but can easily qualify for a 2 bedroom BQ. So if you have habitable land then Bobs your Uncle.

I love this