emmanuelewumi:



What part of Ibadan is the property located, what are the amenities in the area?

We need to be very careful so that we won't over pay for investments most especially real estate

I will send you the video now on WhatsApp. I sent it to Oga ahiboilandgas and he confirmed to be good deal if the seller agreed 33m because of the excess land left behind and location.

emmanuelewumi:


Thanks for your insight. That means it is still possible to get a get a block of 4 flats for a cheaper price at Mafoluku.

What are of Mafoluku is this property located, my old man's place is at Beesam

The 6 units of 3 bedroom flats are at Sadiku, Ogundele Side. For the 6 units of 2 bedroom flat, I don't know the exact area cos I didn't pursue it further.

If one looks deep enough, there would definitely be good deals on 4 bedrooms in Mafoluku.

MrMcJay:


The 6 units of 3 bedroom flats are at Sadiku, Ogundele Side. For the 6 units of 2 bedroom flat, I don't know the exact area cos I didn't pursue it further.

If one looks deep enough, there would definitely be good deals on 4 bedrooms in Mafoluku.

Sadiku is about 5 minutes drive to Ladipo busstop on Agege motor road

emmanuelewumi:
Sadiku is about 5 minutes drive to Ladipo busstop on Agege motor road

Oh. I guess that's not Mafoluku proper?

But is that good or bad? I'm asking because I feel the close proximity to Ladipo would make it more attractive to tenants, particularly those at Ladipo market.

MrMcJay:


Oh. I guess that's not Mafoluku proper?

But is that good or bad? I'm asking because I feel the close proximity to Ladipo would make it more attractive to tenants, particularly those at Ladipo market.

Of course,na them(traders) go rent am.
But them no dey pay better money ooo
But one thing you will be sure of is occupancy and steady rent payed as at when due.

MrMcJay:


Oh. I guess that's not Mafoluku proper?

But is that good or bad? I'm asking because I feel the close proximity to Ladipo would make it more attractive to tenants, particularly those at Ladipo market.

Not the popular Ladipo around papa Ajao Mushin

We have Ladipo bus if you are coming from Ikeja along to Oshodi...

Ladipo is about 2 bus stops after PWD. It is a very good location.

You overlook Ikeja GRA from Ladipo bus stop on Agege motor road

emmanuelewumi:

Not the popular Ladipo around papa Ajao Mushin

We have Ladipo bus if you are coming from Ikeja along to Oshodi...

Ladipo is about 2 bus stops after PWD. It is a very good location.

You overlook Ikeja GRA from Ladipo bus stop on Agege motor road

It's a good deal then. Besides, once they commission that Ikeja Along to Oshodi Expressway, it's a game changer for that area. The interesting thing is that as the days go buy, more fantastic deals would crop up.

During the 2015/2016 recession, one of my clients bought 5 plots of land just opposite Dangote Refinery at Ibeju-Lekki for 8M a plot. The same man who sold to her sold 4 plots beside hers to a bank for 26M per plot last December.

Theconglomerate:
Of course,na them(traders) go rent am.
But them no dey pay better money ooo
But one thing you will be sure of is occupancy and steady rent payed as at when due.

If you fix the house up good, they would pay. Ordinary screeded sitting room walls and white paint would chase out low ballers.
The major problem with traders is that you can rent a 2 bedroom or 3 bedroom and 7 guys be living there. It usually puts a strain on the facilities.

zamirikpo:
@ahiboilandgas pls I need ur contact, things are about to go down in the pricing and distribution of PMS and other petroleum product.

We need to position ourselves not to be in limbo.

biko, as soon as u can

MrMcJay:


If you fix the house up good, they would pay. Ordinary screeded sitting room walls and white paint would chase out low ballers.
The major problem with traders is that you can rent a 2 bedroom or 3 bedroom and 7 guys be living there. It usually puts a strain on the facilities.

Yes,you will chase multiple squatters and the likes.
But will they pay you more for it cos its classy in that environment?NO
Nwanne,the moment you screed those walls and put price up ehn,oso ga eme.
The big ballers in those markets don't stay around markets so much so that they will want to pay suburb money for market environment.
What you might mostly get are beginners,average and oso afia people that might want to rent your house around that market area.
So any budget above the norm in that area might be a no no,even if you plait am with gold.
Unless you are not after high rent and just want your house to be beautiful which I respect.
What they are interested are mostly basic things like water,space,security(good iron doors) etc..
In essence screeding and p.o.p might be an overkill as nobody will want to pay you more in that area because the place is beautiful,i.e they won't appreciate it enough.
Coming from a market boy too

Sholapey:
I will send you the video now on WhatsApp. I sent it to Oga ahiboilandgas and he confirmed to be good deal if the seller agreed 33m because of the excess land left behind and location.

Bodija is a good area , what part of bodija are we talking of , new or old , or towards Ashi , for me location is also key , is it on a major road , is a corner piece where it’s located , little things like that increases the value apart from the obvious ones like extra land u said

What are the prices of similar properties going for in that area , due diligence is required

Like some people have pointed out , you will get bargain prices later in the year as the economy stumbles , relax

I have an ongoing commercial development on the major road of bodija

zamirikpo:


biko, as soon as u can

i dont know how to reach u , last time i put up my mail ...o boy it was not easy instead of bussiness mail ,na hustlers and taxers ....the oil and gas markets is about to change forever ,..pls halt futher investments into that sector untill federal govt clarify what they mean by price modulation

rmx:



Bodija is a good area , what part of bodija are we talking of , new or old , or towards Ashi , for me location is also key , is it on a major road , is a corner piece where it’s located , little things like that increases the value apart from the obvious ones like extra land u said

What are the prices of similar properties going for in that area , due diligence is required

Like some people have pointed out , you will get bargain prices later in the year as the economy stumbles , relax

I have an ongoing commercial development on the major road of bodija

The property is located around bodija exit.

Sholapey:
The property is located around bodija exit.

Still don’t where bodija exit is , what are some of the landmark in the area

rmx:


Still don’t where bodija exit is , what are some of the landmark in the area

e be like you want go buy the property for her back at 20m
Lol,no mind me ooo

Theconglomerate:
Yes,you will chase multiple squatters and the likes.
But will they pay you more for it cos its classy in that environment?NO
Nwanne,the moment you screed those walls and put price up ehn,oso ga eme.
The big ballers in those markets don't stay around markets so much so that they will want to pay suburb money for market environment.
What you might mostly get are beginners,average and oso afia people that might want to rent your house around that market area.
So any budget above the norm in that area might be a no no,even if you plait am with gold.
Unless you are not after high rent and just want your house to be beautiful which I respect.
What they are interested are mostly basic things like water,space,security(good iron doors) etc..
In essence screeding and p.o.p might be an overkill as nobody will want to pay you more in that area because the place is beautiful,i.e they won't appreciate it enough.
Coming from a market boy too

Hmmn. I've picked some important tips from your post. Thanks.

Theconglomerate:
e be like you want go buy the property for her back at 20m
Lol,no mind me ooo

, only do commercial for now

rmx:


Still don’t where bodija exit is , what are some of the landmark in the area

Are you interested in the said property? If yes, I can refer you to the owner because the offer came after I left Nigeria and I had bought one around ashi bodija for office use while on grand.

Theconglomerate:
e be like you want go buy the property for her back at 20m
Lol,no mind me ooo

Lol...we are all here for investment opportunities. Share info if you have one!!!

Sholapey:
Lol...we are all here for investment opportunities. Share info if you have one!!!

Lol na trade I dey ooo
Abi you want buy tomato?
E dey oo,2 taty naira.
Well yeah we do share.
You no see as ahiboilandgas dodge that guy weh dey ask am of oil and gas investment?
Everybody dey fear saturation jarey.
If person don get money of his own,come and see hiding of business and investment afterwards.
They only pass carcasses to the masses at that point.
The guy never talk anything,ahib don already flog am with excuse
Oh you've got to love Capitalists

Theconglomerate:
Lol na trade I dey ooo
Abi you want buy tomato?
E dey oo,2 taty naira.
Well yeah we do share.
You no see as ahiboilandgas dodge that guy weh dey ask am of oil and gas investment?
Everybody dey fear saturation jarey.
If person don get money of his own,come and see hiding of business and investment afterwards.
They only pass carcasses to the masses at that point.
The guy never talk anything,ahib don already flog am with excuse
Oh you've got to love Capitalists

wrong na my online colleagues he into oil and gas business he has been long on this thread .....if u get mind buy 12m truck it cam generate 500k to 600k net monthly u go do insurance to reduce risk by 80 percent .....but na for strong people...the margins on petrol very low currently....the price drop from 145-125 cos Bleep million lost to several oil traders

It is actually a valid question, I have also never heard of Bodija exit. I was patiently waiting to add to my geographical knowledge also.

Theconglomerate:
e be like you want go buy the property for her back at 20m
Lol,no mind me ooo

ahiboilandgas:
wrong na my online colleagues he into oil and gas business he has been long on this thread .....

oh now I see.

9jatriot:
It is actually a valid question, I have also never heard of Bodija exit. I was patiently waiting to add to my geographical knowledge also.

Maybe she modernize the name of the place or made reference with a name she's comfortable with.
Or it could also be because she no want Make una pass for her back go buy property weh she don pick interest in,na why she code the name

Sholapey:
Are you interested in the said property? If yes, I can refer you to the owner because the offer came after I left Nigeria and I had bought one around ashi bodija for office use while on grand.

Not interested at all madam , have many offers for residential in the same bodija ,residential is Just not my thing

Theconglomerate:
Lol na trade I dey ooo
Abi you want buy tomato?
E dey oo,2 taty naira.
Well yeah we do share.
You no see as ahiboilandgas dodge that guy weh dey ask am of oil and gas investment?
Everybody dey fear saturation jarey.
If person don get money of his own,come and see hiding of business and investment afterwards.
They only pass carcasses to the masses at that point.
The guy never talk anything,ahib don already flog am with excuse
Oh you've got to love Capitalists

hahaha...oga ahib is also into oil and gas and everyone here are open minded people. I salute everyone here for their wealth of knowledge and contributions so far.

rmx:


, only do commercial for now

na commercial nau.
4 flats at possible giveaway with free land for back
Better buy now before coronavirus cure commot

Theconglomerate:
Maybe she modernize the name of the place or made reference with a name she's comfortable with.
Or it could also be because she no want Make una pass for her back go buy property weh she don pick interest in,na why she code the name

Lol, not at all. He should signify if he's interested in the property them I can refer him to the seller then he can ask all he wants to know about the property because I already got one before this comes up.

LOL... Okay o.

Theconglomerate:
Maybe she modernize the name of the place or made reference with a name she's comfortable with.
Or it could also be because she no want Make una pass for her back go buy property weh she don pick interest in,na why she code the name

rmx:


Not interested at all madam , have many offers for residential in the same bodija ,residential is Just not my thing

Okay! Put the offer here for bargain hunters to grab.

I appreciate and I'm learning from the talks about real estate but my money never big reach to go into it. So please if anyone is into this zenith Bank save4me Target account or have knowledge about it, please share knowledge about it as I'm planning moving my savings into it at 4.85%. I've asked before but got no response, I'll appreciate if anyone with with knowledge about it can share... Thanks

To me dont look at the rental value for now, look at future prospective for example 2015 december i bought 5bedroom duplex at ikota villa estate.
agent, lawyer and all chargers everything amount to 59million naira, the rental value is 3m annual of which i have collected 3 annual rent which amount to almost 10m includ deposit and money i get from the agreement, yes i did some renovations but i dont think is up to 2.5m in dat case i have made about 7.5m without thinking of losing my money to quick rich investment if i want to sell the property today i think will be look at 65m to 70m so to me is not a bad investment especially if you are not in the country, from the rent money i get have contributed 30% my new house i want to live in my state.