sonnie10:

Please where do you get a house of $60k in the US? Even condos are over $150k in most cities.
Lets for the seek of discussion even assume it is possible and you get $1k rent monthly from it which is $12k a year

This is what happens to the 12k
You pay about 3% city tax on the value of the. Your example of $60k house that $1800
You pay about 22% income tax on the $12k rental income that is $2640 a year
Property maintenance (Lawn and misc ) $1000
Property manager 10% of the 12k ----------------------------------------------$1200
Home owners association --------------------------------------------------------$500
Total --------------------------------------------------------------------------------------$7140
Therefor $12k minus $7140 = $4860
$4860 is the maximum amount you would have left from that $12k.

Addendum
I forgot to add that you need and must have Property insurance of about $100 monthly.

I dont know where in the US...but this guy on YouTube buys some cheap old houses and does renovation and rents them out for between 900 to 1000 a month

bolu1986:
@next @brabus?

What’s could have gone wrong? Did you under quote? Lack of supervision from your end? Same pattern from the past still…

Even the nonupet (ibadan project has been abandoned!!)

You taking more projects more than you can handle at the same time?

Rather unfair to insinuate....

n3xt:


The QS valued the material met on site at the contract price

Blocks - 200
Cement - 3,000

The QS now presented a bill of 3,800 to me per bag of cement to rebuy the same cement he met on site that I provided at 3,000

Th same applied to the blocks. The report claimed my client bought blocks at 280 after selling the ones that I produced on site at 200 to only God knows person.

I smiled and smiled.

______

Lastly the report claimed an outrageous number of blocks were used to complete a portion of the project that were ongoing as at 25th September.

I presented the time stamped picture of the building as at 24th and 25th September to the QS and asked him to show me where the blocks were used on the building

Bosun,
Would you rather do this here than get your own Qs to provide your own reconciliation quotes and have all your arguments in there...

This is whole thing does need to be here but in dm's with Oga somehow ...

spyder880:


Old airport road by Thinkers corner, Emene Industrial layout, Enugu.

People could easily Google this stuffs...they just choose to ask instead..

rotecch77:
Bring your plastering and rendering let’s compare..lolz
Our plastering is always on top notch

https://www.nairaland.com/3092553/construction-6bd-duplex-2bd-flat

You can follow the thread here

I agree ...your plastering works are top notch �.....

As seen on Instagram....

sonnie10:


Thanks

No worries..
i added one more number...

sonnie10:


None of these numbers are working. I still need their contact.

Try this one ...+234 909 411 8763 or this +234 806 870 3028

sonnie10:
Thank you. I am waiting.

If I am not mistaken this guys below?

https://swissmetrotiles.com/

Spyder880?

egbabiekperemo1:


Na soakaway be this abi na swimming pool? I dey confused

What exactly are you confused about ?...narrator wrote clearly swimming pool not one time but numerous times with pictures and different processes it has gone through......

hslbroker2:
God forbid, none of us shall be hit by stray bullet in the might name of Jesus, we shall all live to declare the glory of God in Jesus name

I am advertently sarcastic this should be obvious....you caused the whole rigmarole.....stoppet sir

coldcandy:
sonnie10 and Greenarrow01, you guys have cleverly roped Next into this drama. The enquiry was about a post by hslbroker2 so how come u have shifted it to Next? The regulars here know that Next is the encyclopedia of this thread and he always tells us when pictures are from internet.

My mouth went wide open when i saw how stray bullet met n3xt..... poor guy

PrimeQuay:


I’m not a fan of government intervention is business because it’s requires a responsible government for it to work and most are not especially not Nigeria. People will still take advantage of the system e.g Fuel subsidy, Fertilizer.

I bought 12.5kg gas for 9,000 yesterday. A 100% increase from 1 year ago.

Nigerians which way forward.

Energy prices are high lately...infact it's going up even more....projection says it's going to be more expensive in months ahead...tough and expensive winter...

BrickDevo:
Anambra thats new, to get borehole water in anambra is not hard, where in anambra,

Offcourse it's new for you...I am very sure you don't know everywhere in anambra..nawfia...took two try to get it done...

sonnie10:


Mine was done for #980k Jan this year in Imo

https://www.nairaland.com/6518103/country-home-design-construction-swimming/1#101391231

This thread on dennis3d. his client spent 2.4m for borehole at enugu....enugu is Very tough place to get water....same for some places in Anambra like my town..

My village house anambra spent almost 1,6m to get water.....very tough terrain ...aba 210, anambra 1,6....if you don't trust people on ground or have an idea...one would think something is off..lol

Hargbo:
borehole - 350k?

350k is it too much or or too low ?? I cannot say exactly where in Imo state....but borehole drilling in much part of Imo and Abia is still very cheap compared to other places due to water levels...I did one earlier ...Aba precisely

n3xt:


Chekitaut has unsettled cement matter with @Thenext.
I’m sure that’s the reason he’s avoiding this platform.

Really....problem no dey finish...good to know he is ok..

somehow:


He's okay.

Ok. good to know...thanks

EgunMogaji2:
Someone haven’t posted in a while. I forgot the name usually sells and delivers granite in Lagos.

Hope he’s good.

Chekitaut?? Same question i asked a while ago if it's same person

spyder880:
I have been reading some of our submissions about the possibility of paying for materials with the intention of picking it up later, and the fear that the sellers may refuse to release your complete quantities, or insist on refunding your money and I am getting increasingly shocked here. When has Nigeria become that bad?

I give someone a large deposit running into several millions and he is making some transactions with my money, with the understanding that they will give me my supplies at our agreed price, and I walk in 3 to 6 months later and the dealer refuses to supply me because prices has changed, why did I pay you in the first place? I paid you to hedge on inflation.

In my experience, the dealers are happy that I pay early, they immediately deploy the funds and order heavier quantities and stock them. Most of my dealers are heavy stockists, offloading trailers and in a day. I have a dealer who offload up to 5 long trucks of cement in a day, pay him and he pays BUA, Dangote or Lafarge immediately and your supply is assured. He will be turning the money over till you come for your goods, in my case I just call, give me 50 bags, he will check and say, now remaining 150 bags? I will say, yes. And my goods will be loaded. I pay only transportation and loading charges.

Business is all about integrity, and I cannot be doing business with those I cannot trust, these guys I pay for goods hasn't disappointed me even once in the last 23 years, their children grew up to continue transacting with me, and maybe my children will grow up and continue with the business arrangement, I dont think they will start now to disappoint. These guys know me too, and we have mutual respect for each other. I will give examples.

The time Y16 iron rods jumped from N5,900 to N6,400, I had over 200 rods paid for. The time POP cement jumped from 3,600 to 7,500, I had 140 bags paid for, and I later collected it, even as it took time due to non availability. There are times I pay for 1,000 bags of cement at the same time, and we monitor how I take them, no matter how long ago it is. I just maintain a file to document all such transactions.

Oga spyder880 do you remember the electrical supply incident you narrated a while ago ?where the dealer refused to supply with slightly price increase...are they not same type of scenario? You even did pay compensation....scenarios slightly similar...same day...

spyder880:
went to buy electrical cables in a popular market last month, on a Friday. I had heard rumours about planned increases of electrical wires and cables across many companies and products but I wanted to move fast.

I found out costs of many other cables before i went to see one of my customers who deals directly from the company i wanted to buy their products. As soon as they saw me, the asked how i knew that prices were about to change, hence my coming, i laughed and told them that I wanted to beat the deadline of price increases. They were the people that told me that prices were set to be increased officially by next week Monday.

I gave them my shopping list and told them to prepare an invoice for me, using the old company prices I knew. They were doing that when I left, got other materials I wanted from 4 other shops, got their invoices and headed to this electrical cables shop, they were still writing the invoice and bringing out my ordered goods, healthy looking coils of cables, not tampered with. I collected the invoice and their account details and left. I went to the bank and sent them money, then returned to the line to arrange transportation.

As soon as I arrived the shop, I noticed that the mood was changed, there were about 3 other men, standing around and arguing with the dealer. They all hushed up when I approached, the dealer was shouting and shaking his head, almost at the point of tears, I thought something serious happened, and it had.

The dealer explained to me, with a note in his hand, that the company decided to increase the prices that Friday instead of the planned Monday, and they had sent them memos to increase the prices. I told them that the price increase doesn't concern my transaction, and that was when some of them lost their temper and started raising their voices, more men gathered, they accused me of knowing about the price increase and coming to play a fast one on the dealer.

They were defending their member and telling me that I must pay the balance to reflect the increase, I refused, and they told me to give them my account number so they could transfer the exact sum I paid and the transaction will be cancelled. I told them that I had already collected my invoice and has paid, we have entered the sale contract and I must collect my goods complete and without delay.

I submitted this quotation to the owner of the house using the old prices, he paid me same day, how can I now return to tell my client that the money he paid yesterday is no longer enough, it will look suspicious.

How much was the additional added money for the cables I am about to buy? N241,500 (or so, cant remember the exact sum)

I went to my vehicle and hid the invoice since I was afraid they will snatch and tear it. Came back and demanded for my goods. Well, the dealer knows that I have been buying a lot of things from them for years, so he took them to a corner of the shop and spoke to them to calm them down, they later returned and asked me to compensate the dealer with at least N50,000, the dealer told me to take the goods and go, and anything I give him, he will appreciate, in the end, I paid an additional N10,000 to him.

kopell:
Wow are you serious 0.35 that’s like a thickness of aluminum foil unbelievable, I have never used any less then 0.55 thickness. An interested subject issue to discuss. Lets
have deep view about it from the experts in the house. I have always wondering about the thickness of those aluminum under the stones coats and the weights, again why are some of them faded? Are those ones not original. I’ve not seen any faded or defects ones in west despite the fact they have the most harsh weather in there climates. Many of them has been installed for over 70 years without any maintenance, still looks good till date.

Sorry for the  Long post
I did ask that question because I do wonder the kind of advice home owners do get from builders...
1.are perspective home owners getting the right advice
2.are overzealous builders just demanding for certain materials because it is what building demands or what they demand etc
3.what does building code say(non existent in some cases)

i don't work anymore with roofing today but I still have contact with my old mentors who are private roofing contractors and one still work at one of the companies respectively...
First stint as IT student...and after uni... worked 6years before moving for greener pastures ...
I have worked with two of best aluminium companies in Nigeria and have climbed over 250 roofs even industrial buildings with steel trusses...while most of our roofings are southern part of the country...I dont remember any 0,55 quotations with my name(company quotations are co-signed) on it which are not
1.steel trusses
2.industrial building's wall claddings
3.flatroof with slightly above 10-15% pitch
4.where customer insist or makes that request .

Money is not first instance of what customers gets...
1. Heights
2.roofing styles
2.environmental conditions;rain and winds etc...

rotecch77:

I suggested the gauge I always used without Leakage issue.
I don’t have time to carry out repair on Aluminum roof always
My 1st personal house built 14 years ago was roofed with asbestos and one other building for a Client ( relative) was the only two building I used such All others are 0.55guage Aluminum or Gerald step tiles ..
I don’t use anything lesser than this

Understandably your suggestions are your choice of materials..and this is how you choose to work.. thanks

rotecch77:


On dry land as you said, prepare something in region of 18-20m this depends others additional members like parapet or concrete facia, this is south west ballpark figure to the roofing stage with long span Aluminum of 0.55guage

On side note cost estimating is QS professional job it’s just a side work for a Builder based on past and current project experience.

QS guys over to you

Lets everyone stay on there lane.

A simple question though...I want to learn and probably others who may/might be curious also...what geared your suggetion on roofing part.....all the way to 0,55 .....0,35 ? 0,40 ? 0,45

spyder880:
Using concrete poker to work on this beam for a better cast quality

Saw this trick on YouTube...https://youtube.com/shorts/wZ6t-O8VyOY?feature=share

descarado:

He really made a bad choice then.
Hope he is reading this.

Well done spyder.

Oga you may have made different choices which is understandable...but owner of this house made their choices...they put their money where their mouth is...

spyder880:
I have to change strategies here. I know I cannot hope to complete all 12 flats and rent them at once, so I will move to complete at least 2 flats and rent them out, since the demand for these units are high around here. Then I can use the small rent realised to tackle another flat or two.

"When the hills learns how to cause waist pains, the old woman will learn how to rest in between climbs" - Igbo proverb.

Good move...

Mercychen:


who made you too judge over me? And Yes, I'm still a very good Christian; nothing can ever change that fact.

Never mind? Like I minded you and your likes before? .

All I did was i asked questions...zero judgement..unlike you without compassion...you said it yourself...cheers

Mercychen:


I can never be empathetic with someone who got herself into a mess with her clear eyes.

She was not raped,. She's not a kid not to know the outcome of her actions. So why bring empathy into this?
I'll rather show sympathy to the Innocent children she's trying to bring into a kind of life they never asked for.

Supposed Christian dishing advice up and down...yet cannot show empathy ....you did not answer the question who made you MORAL JUDGE
Nevermind......all the best ...bye

Mercychen:


I see you're trying so hard to twist my submissions to suit your slimey judgements but you'll keep failing because no where in my comment did I suggest she be stoned or killed for her mistakes.

Im only seizing this avenue to show my disapproval and displeasure in indiscriminate sex among the youths and teenage/ unwanted pregnancy to the so many out there and on this forum. so they know it's wrong and desist from it. And that, I'll continue to do until our society is completely rid of moral decadance.

If you have a problem with me admonishing the youth any chance I get, then take the next exit out of my mentions!

I'm so done with you on this!

Gbafuo!

How did you become Morality Police?? Going on nairaland giving lessons and disapprovals...
At what point did you assume the role of admonishment/chastisement Officer ?....
People are going through things and so many of those things are influenced by near conditions and environmental factors.

Be compassionate and empathetic to
people regardless of their shortcomings .....till next time....Ciao....

As seen online

n3xt:


We are used to all these theatrics bro. I did more than all these on Lekki Gardens Building Collapse on this same thread in 2016.

Just like Lekki Gardens, the approval was not for the number of floors built.

Were they sleeping when 6 new floors were added? Can 6 floors be added to 15 floors in 4 months?

RIP to the dead.

https://www.nairaland.com/6831832/ikoyi-building-collapse-sanwo-olu-orders

Right baby moves are been made....let see how it lasts...

.