₦airaland Forum

Winters23:
Again I will say it one more time!

The obsession to "build" house and be called landlord or home owner is one of the major reasons many Nigerians are stagnant in life.

You toil for 10yrs and finally make your first 10 to 100million naira and the first thing that tops your agenda is to start building a house. Then you Bury all the money in the ground reverting to square 1.

That money is supposed to be your capital, you're supposed to put it back to wherever you got it from for profit or you can reinvest it somewhere else.

Then when your profit grows big you can upgrade your cars and maybe start building a house.

I currently own duplexes across 3 states mostly in Lagos and my home state, I didn't achieve that with my first breakthrough, I did it after lots of reinvestment.

If you want to go far in life, follow this simple logic, don't let the standards set by society control your money.

best comments I have ever received on nairaland this year..
Thank you very much this will go a long way...

But I will like to know if its okay to use your first capital of around 3m to get married... Just to use around 1.5m

mrvitalis:
Duplex ?how many rooms

4 rooms

highchief1:
16m with roofing?after lane or before land.what part of delta state.

everything inclusive
i bought the land 1.6m

kcdendelo:
please which business you dey do? Connect me

trucking biz

NijaDueprocess:
Mine is 7 room selfcontain bungalow, started on 14th January, 2023. Borehole, Roofing, plumbing and electrical piping, and plaster done. Cost 7m so far

how much does the borehole cost you?

I have 3 Duplexes and 5 Bungalows, all were bought by Mortgage. It took me years to buy them, financed with business profits from my businesses and my wife's and boy, am I happy. Just take it a step at a time.

jagaban002:
I bought the land half plot at 4m ajah 2018 and fence it round with gate with about 700k dec 2018 and keep hustling .
I started the project of house June 2021, I have 10m ready and I supervise it my self with the help of my brother when am not available.

Out of the 10m I did foundation , you know Lagos is water land so the foundation takes like 2.5m with Germany floor all solid materials bought myself and setting of blocks don't take much till linted and finally decking , that consume like 4m because, plumber , electrician, carpenter, and welder will work .

That's one of the stage that takes much money cus I bought only iron like 1.5m .

After that stage you will set blocks base on your plans mine is 4bedroom , 2 palours , 4bedrooms , kitchen, store, dinny and all duplex need .
After setting of blocks u will so another linted and if you like you can include paraphet that may cost u nothing less than 500k or more .

The to the roofing another spending .
Since I used Gerald, carpenter will buy a lot of wood and it's must be hard wood cus gelrad is heavy and base on the square meter , mine is around 283 , all I spend for roofing was around 3m . So I spent like 11.5m to 12m to roofing , what I spent not someone's project .

I thought it's almost done but house nah long things ooooo.
Let me just note all once not to stress una with my English .
I rest and continue Jan 2022

Casement window 1.3m
All house pop around 1m
Plastering chop material 2m
Electricals like 2m
Plumbling takes money like electrical , like 2m
Only where I put water thank is 500k cus it must he very tall since it's duplex .
Kitchen cabinet and others 1m
Screeding and painting =1.5
Tiles= 1.7 or more
Doors = more than 1m

I can't even list all cus they no dey finish house once , have moved in October 2022 so I wish this can help a lil

Congratulations and thank you sir.

alphaconde:
4 rooms

Thanks man

Na man you be Sir,
I pray for grace to do mine soon...
congrats bro, see as finishing chop almost 16m, chai I'm afraid o

jagaban002:
I bought the land half plot at 4m ajah 2018 and fence it round with gate with about 700k dec 2018 and keep hustling .
I started the project of house June 2021, I have 10m ready and I supervise it my self with the help of my brother when am not available.

Out of the 10m I did foundation , you know Lagos is water land so the foundation takes like 2.5m with Germany floor all solid materials bought myself and setting of blocks don't take much till linted and finally decking , that consume like 4m because, plumber , electrician, carpenter, and welder will work .

That's one of the stage that takes much money cus I bought only iron like 1.5m .

After that stage you will set blocks base on your plans mine is 4bedroom , 2 palours , 4bedrooms , kitchen, store, dinny and all duplex need .
After setting of blocks u will so another linted and if you like you can include paraphet that may cost u nothing less than 500k or more .

The to the roofing another spending .
Since I used Gerald, carpenter will buy a lot of wood and it's must be hard wood cus gelrad is heavy and base on the square meter , mine is around 283 , all I spend for roofing was around 3m . So I spent like 11.5m to 12m to roofing , what I spent not someone's project .

I thought it's almost done but house nah long things ooooo.
Let me just note all once not to stress una with my English .
I rest and continue Jan 2022

Casement window 1.3m
All house pop around 1m
Plastering chop material 2m
Electricals like 2m
Plumbling takes money like electrical , like 2m
Only where I put water thank is 500k cus it must he very tall since it's duplex .
Kitchen cabinet and others 1m
Screeding and painting =1.5
Tiles= 1.7 or more
Doors = more than 1m

I can't even list all cus they no dey finish house once , have moved in October 2022 so I wish this can help a lil

alphaconde:
everything inclusive
i bought the land 1.6m

which area u see land buy for 1.6.5m land no Dey Asaba area again o

Charcoal2023:
Building materials is so costly now

Invest in charcoal business and nationwide distribution 35% return on investment per trip.

minimum investment is 1million naira for a 911 truck and 2.3million for a container truck
Pls check my profile for contact details



Location is kwara state

I heard that charcoal business is profitable. The question is how do people go about starting it.

karnap:
best comments I have ever received on nairaland this year..
Thank you very much this will go a long way...

But I will like to know if its okay to use your first capital of around 3m to get married... Just to use around 1.5m

I might not be in the best position to advice you as I’m not yet married, but verily I say unto, you’ll be making the greatest decision of your life if you should marry with half of your savings ,



I know some will defend it that it worked for them, but for every person it worked for, there are 1000s regretting it.
Invest in business first then use the gain for marriage,
Besides , if you’re “due” to marry , do cheap marriage first , you can always do “ túnmigbé”

jagaban002:
I bought the land half plot at 4m ajah 2018 and fence it round with gate with about 700k dec 2018 and keep hustling .
I started the project of house June 2021, I have 10m ready and I supervise it my self with the help of my brother when am not available.

Out of the 10m I did foundation , you know Lagos is water land so the foundation takes like 2.5m with Germany floor all solid materials bought myself and setting of blocks don't take much till linted and finally decking , that consume like 4m because, plumber , electrician, carpenter, and welder will work .

That's one of the stage that takes much money cus I bought only iron like 1.5m .

After that stage you will set blocks base on your plans mine is 4bedroom , 2 palours , 4bedrooms , kitchen, store, dinny and all duplex need .
After setting of blocks u will so another linted and if you like you can include paraphet that may cost u nothing less than 500k or more .

The to the roofing another spending .
Since I used Gerald, carpenter will buy a lot of wood and it's must be hard wood cus gelrad is heavy and base on the square meter , mine is around 283 , all I spend for roofing was around 3m . So I spent like 11.5m to 12m to roofing , what I spent not someone's project .

I thought it's almost done but house nah long things ooooo.
Let me just note all once not to stress una with my English .
I rest and continue Jan 2022

Casement window 1.3m
All house pop around 1m
Plastering chop material 2m
Electricals like 2m
Plumbling takes money like electrical , like 2m
Only where I put water thank is 500k cus it must he very tall since it's duplex .
Kitchen cabinet and others 1m
Screeding and painting =1.5
Tiles= 1.7 or more
Doors = more than 1m

I can't even list all cus they no dey finish house once , have moved in October 2022 so I wish this can help a lil

Those your quotations are lies. Extremely on the high side , it is either a contractor ate your money so much or you are telling lies.

highchief1:
which area u see land buy for 1.6.5m land no Dey Asaba area again o

I bought the land 2020 in ughelli

it should cost about 4.5m right now

alphaconde:
I bought the land 2020 in ughelli

it should cost about 4.5m right now

ok all those una area land cheap.d least land u can build now in Asaba is 10m.Anything less na inside bush it’s so sad.

Winters23:
Again I will say it one more time!

The obsession to "build" house and be called landlord or home owner is one of the major reasons many Nigerians are stagnant in life.

You toil for 10yrs and finally make your first 10 to 100million naira and the first thing that tops your agenda is to start building a house. Then you Bury all the money in the ground reverting to square 1.

That money is supposed to be your capital, you're supposed to put it back to wherever you got it from for profit or you can reinvest it somewhere else.

Then when your profit grows big you can upgrade your cars and maybe start building a house.

I currently own duplexes across 3 states mostly in Lagos and my home state, I didn't achieve that with my first breakthrough, I did it after lots of reinvestment.

If you want to go far in life, follow this simple logic, don't let the standards set by society control your money.

This you dialogue is sound but not extremely perfect, acquiring a landed property or even build or buy a real estate asset ( when I say real estate I'm not talking about family apartment house which fake asset but a rental apartment house that can be lent out to generate passive income).
Acquiring such property is also a wise financial decision. Let me use my personal case study here, couple of Year back I was in a particular temporary hustle which I embarked to gather fund for my dream business I notice I was having more than enough fund to initiate my dream business so I decided to take some out of the excessive fund and purchase a landed property so as to save the money from inflation ( inflation it reduces value of money) now I have the continuous appreciative property while I'm also with enough fund to start a business now, the bottom line of this my submission is you can still acquired such property at a moderate financial level that won't hit much the total earned fund while you proceed in digging more cash flow along side.

I really like your submission it's very financial educative.

Winters23:
Again I will say it one more time!

The obsession to "build" house and be called landlord or home owner is one of the major reasons many Nigerians are stagnant in life.

You toil for 10yrs and finally make your first 10 to 100million naira and the first thing that tops your agenda is to start building a house. Then you Bury all the money in the ground reverting to square 1.

That money is supposed to be your capital, you're supposed to put it back to wherever you got it from for profit or you can reinvest it somewhere else.

Then when your profit grows big you can upgrade your cars and maybe start building a house.

I currently own duplexes across 3 states mostly in Lagos and my home state, I didn't achieve that with my first breakthrough, I did it after lots of reinvestment.

If you want to go far in life, follow this simple logic, don't let the standards set by society control your money.

Money can be lost in business. I don't think it's a bad idea to diversify into property early depending on ones circumstances. It might serve as a backup incase the business runs into problems

How did i fund my first building project = Crypto (temporary hustle then)

When = complet3d all in 2017 including fence and gate (3 years from start to finish).



How much = 7mil plus ( standard 3 bedroom bungalow. Furnished with POP, tiles, and other cool stuffs.

Location = oshogbo

walata22:
Money can be lost in business. I don't think it's a bad idea to diversify into property early depending on ones circumstances. It might serve as a backup incase the business runs into problems

Exactly. He thinks life works like mathematics.
I bet he hasn't any property.

gentleman82:
Those your quotations are lies. Extremely on the high side , it is either a contractor ate your money so much or you are telling lies.

Most guys come here to lie.

.

alphaconde:
trucking biz

Can I join you in the trucking business?

I bought my land year 2017.

Begin development with the heal of architecture around 26th of December, 2018.

The project took me 3years as a civil servant.

The project was 3-bedroom with BQ and extra shops for my wife.

I solely use my salary, promotion arrears, some bonuses like SALLAH bonus, easther bonus, Christmas bonus and etc.

I completed the house around December 2021.

Packed in 16 January 2022.

I have not completed the BQ and shop, although at the headcost level.

Inkust tell you is not easy but thank God

Started February 2022.

One storey building. Six flats

Warri. Delta State.

75% finished. Working on POP right now

POP upstairs alone gulped over 1.5m (It's a big house)

Land was free.

Total spent so far. About 29M

I hope to finish October this year.

I'll probably spend about 40M to finish

Winters23:
Again I will say it one more time!

The obsession to "build" house and be called landlord or home owner is one of the major reasons many Nigerians are stagnant in life.

You toil for 10yrs and finally make your first 10 to 100million naira and the first thing that tops your agenda is to start building a house. Then you Bury all the money in the ground reverting to square 1.

That money is supposed to be your capital, you're supposed to put it back to wherever you got it from for profit or you can reinvest it somewhere else.

Then when your profit grows big you can upgrade your cars and maybe start building a house.

I currently own duplexes across 3 states mostly in Lagos and my home state, I didn't achieve that with my first breakthrough, I did it after lots of reinvestment.

If you want to go far in life, follow this simple logic, don't let the standards set by society control your money.

Real estate is the safest form of investment. It’s better to invest in it when you can so as to diversify your portfolio.

Businesses can go down south at any time, inflation can hit bad, but real estate will go with anything.

It’s a good way to diversify when you still young. You making use of it and while its still appreciating.

Good way to answer a question.

Mystic216:
Used 1 year to do strictly business and made sure I saved money for the project

Started and finished it in 4 months (1 storey)

Already spent more than #16M
Location: somewhere in the south east
6rooms duplex with storage room

40 ft container duplex?

solexybaba:
By saving 200 naira everyday. And it took me 20yrs 2 finish it. Bt i neva put doors 4 now.

Who asked you all these story? The question is straight forward but your proud mind will not let you rest..... HOW DID YOU FUND YOUR [b]FIRST [/b]DUPLEX not HOW DID YOU FUND YOUR FIRST DUPLEX WITH YOUR FIRST MILLIONS?

Whether you reinvest and made more money or you dont but used the first breakthrough to build, there will always be your first HOUSE and that is what the OP was asking before you turned it to THE STORY OF MY LIFE.

Always read to understand and not read to hurriedly be the first to comment(You were not even the first to comment.

Its annoying jare!!!

Winters23:
Again I will say it one more time!

The obsession to "build" house and be called landlord or home owner is one of the major reasons many Nigerians are stagnant in life.

You toil for 10yrs and finally make your first 10 to 100million naira and the first thing that tops your agenda is to start building a house. Then you Bury all the money in the ground reverting to square 1.

That money is supposed to be your capital, you're supposed to put it back to wherever you got it from for profit or you can reinvest it somewhere else.

Then when your profit grows big you can upgrade your cars and maybe start building a house.

I currently own duplexes across 3 states mostly in Lagos and my home state, I didn't achieve that with my first breakthrough, I did it after lots of reinvestment.

If you want to go far in life, follow this simple logic, don't let the standards set by society control your money.

alphaconde:
I bought the land 2020 in ughelli

it should cost about 4.5m right now

Mehn land is cheap in ugheli delta State for Asaba delta State land na Gold land cost die here

Winters23:
Again I will say it one more time!

The obsession to "build" house and be called landlord or home owner is one of the major reasons many Nigerians are stagnant in life.

You toil for 10yrs and finally make your first 10 to 100million naira and the first thing that tops your agenda is to start building a house. Then you Bury all the money in the ground reverting to square 1.

That money is supposed to be your capital, you're supposed to put it back to wherever you got it from for profit or you can reinvest it somewhere else.

Then when your profit grows big you can upgrade your cars and maybe start building a house.

I currently own duplexes across 3 states mostly in Lagos and my home state, I didn't achieve that with my first breakthrough, I did it after lots of reinvestment.

If you want to go far in life, follow this simple logic, don't let the standards set by society control your money.

Reinvesting in 9ar is a dangerous gambling