₦airaland Forum

I totally agree with the economist to a degree, however if you're blessed enough to build multiple rental properties, I would not advise that you rent them(all) out, and at the same time remain a tenant. A man like E-money who is only 38 years with stupendous wealth and political connections to accumulate more wealth, would you encourage him to sell or rent out his 250 million mansion and start renting from someone else? My point is, there's level to everything; his analysis is sound but does not apply to everyone. No matter how sound your idea is, please add 'Conditions Apply' to it. #my2cents

zihotu:
I just received an alert of 143k after fixing 2.4m for 364days. I feel the money is too small and I'm going to the bank right away to know the % bid for 364 days

Speaking from experience, and based on the current rate, and even at ordinary 12%, which hasn't happened yet, no bank would be foolish enough to credit your account with N143k for investing 2.4m for 364 days. From the way I see it, you should have received at least N288K for 364 days or N144K for 182 days. P.S I use 12% and did not factor in bank's commission and other charges. Be sure to contact your branch for clarifications. Good luck!