₦airaland Forum

;DWhich kind headline be this “lolzzzzzzzzzz

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Nteogwuija:
State governments should just embark on building low cost housing estates and hand them over to private companies to manage them. It's another way for state gov'ts to generate revenue. Imagine a 2 bedroom flat in a gov't-owned estate rents at 1.5m while the privately-owned ones rent at 2.5m, and then people are moving in droves to these gov't-owned houses, no be anybody go advise the landlords again.

Unfortunately, state governors are only interested in what would give them returns during their tenures that's y they're mostly interested in building flyovers to collect kickbacks.

Good advice.

But did you also consider capital value?
One is on the fast lane of depreciation and the other on the fast lane of appreciation.

I bet a 100million worth of property must have increased to 20% more valuable at year end.

Quick check……

In 5year.
For your MONEY MARKET FUNDS 17% of 100m in 5years is 85million + Plus capital 185m

Let’s assume a reinvestment of 100Mx17%x5yrs reinvestment on year by year basic without a touch of capital and interest is 219,244,803.57 which is subjected to WHT and other deductions

Now a property worth 100m will be worth 20% if not more at year end and let’s say by 5yrs it must have achieved more than 100% value.

That’s 200M
You take up rent of 2m x 6flats like you said

That’s 12M/yr (x5yrs =60M)
Note that the rent is subjected increment of 20% every 2 years
That 40% in five year

NOW
Property Value 200m
Rent 60M
Rent Increment 60Mx40% = 4.8M
Total investment +Capi is 264.8M

Now let’s assure the person invested the rents collected on yearly basis for the next 5yrs on other trades or property or same money market funds you talk about.

Remember that one is fast to appreciate and the other to depreciate

Flesh10:
May we grow and make money in good health

Nteogwuija:
Thanks, boss. This is one of the reasons we use Nairaland - to learn from experienced people.

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Betnomore:
Blue drum

Ok.
I hope you get before NextMonth as I am outta Eko

Betnomore:
Who has good big drum that can store water for sale in Ikorodu should mention/quote me

You mean overhead tank or the 100l blue drum??

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Orion2603:
How muvh

25k Sir

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