Should I Sell My 2 Bedroom Flat? - Investment - Nairaland
Nairaland Forum › Nairaland General › Investment › Should I Sell My 2 Bedroom Flat? (1069 Views)
| Should I Sell My 2 Bedroom Flat? by Dammycouch(op): 6:43pm On Aug 08, 2024 |
I have 2 bedroom flat in Agbor state but is giving me little money like 150k per year But the one at Ogun state is priced for 400k per year and it still require like 10 million naira to finish it up before I can put it for rent Should I sell the one Agbor state to complete the Ogun state own?
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| Re: Should I Sell My 2 Bedroom Flat? by Zaheertyler(m): 6:57pm On Aug 08, 2024 |
Dammycouch:State of origin sir? |
| Re: Should I Sell My 2 Bedroom Flat? by Dammycouch(op): 7:03pm On Aug 08, 2024 |
Zaheertyler:Delta agbor |
| Re: Should I Sell My 2 Bedroom Flat? by Zaheertyler(m): 7:20pm On Aug 08, 2024 |
Dammycouch:Risky Is that the maximum potential you can get from the building at agbor? There is definitely something you can do to raise the value of the house at agbor to be collecting up to 500 or 400 too maybe you do vice versa And since you’re sure of the price of the rent in agbor that means it’s in trusted hands Idk though maybe someone else has something to say 1 Like |
| Re: Should I Sell My 2 Bedroom Flat? by gaby(m): 7:47pm On Aug 08, 2024 |
Bad investment on both if you can only earn #1.5M and #4M respectively on both properties in 10 years. Sell off both and invest in stocks, instead. 6 Likes |
| Re: Should I Sell My 2 Bedroom Flat? by WhiteIverson: 7:51pm On Aug 08, 2024*. Modified: 12:54am On Aug 11, 2024 |
gaby: |
| Re: Should I Sell My 2 Bedroom Flat? by Nakashima(m): 7:58pm On Aug 08, 2024 |
gaby:sir gaby anything for us,u fit do small thing for us make we happy |
| Re: Should I Sell My 2 Bedroom Flat? by adedayo77: 8:22pm On Aug 08, 2024 |
More details on the stocks that someone can venture into please gaby: |
| Re: Should I Sell My 2 Bedroom Flat? by ravensckar(m): 8:49pm On Aug 08, 2024*. Modified: 9:04pm On Aug 08, 2024 |
gaby:That's why I always laugh at people who see house as a solid investment. By the time you calculate what you spent on it and the returns, you'll realize that the MATHEMATICS isn't "MATHING" ENOUGH.  Nonetheless, anyone who can afford it should build to avoid landlord wahala. |
| Re: Should I Sell My 2 Bedroom Flat? by mkoabiola: 11:34pm On Aug 08, 2024 |
ravensckar:U right though. I prefer shopping complex 1 Like |
| Re: Should I Sell My 2 Bedroom Flat? by Juliearth(f): 2:21am On Aug 09, 2024 |
ravensckar:...Not forgetting that it is a longterm investment and in most cases, before the initial capital is realised, the property would have been damaged, requiring renovation. 2 Likes |
| Re: Should I Sell My 2 Bedroom Flat? by Mankind2024: 4:01am On Aug 09, 2024 |
Investment Showdown: Equity vs Real Estate. I hope this topic finds you well. As we navigate the world of investments, I wanted to share my thoughts on why I believe equity investments should take precedence over building a residential property. Firstly, the returns on equity investments can be used to purchase a rental property in the future, providing a steady stream of income. This approach allows you to benefit from the potential long-term appreciation of equities and then use those gains to invest in real estate. Secondly, while equities can be volatile, real estate is not immune to risks either. Natural phenomena like storms, fires, and floods can damage or destroy properties, leading to significant losses. Additionally, real estate investments can be prone to other risks like property grabbing, tenant vacancies, and market fluctuations. Thirdly, investing in equities offers low barriers to entry, making it accessible to anyone, regardless of their financial situation. You can start investing in equities with a relatively small amount of money, and the process is often straightforward and hassle-free. In contrast, building or purchasing a residential property requires significant capital and can be a complex process. Fourthly, investing in equities allows you to diversify your portfolio, spreading risk across various asset classes and industries. This diversification can lead to more stable returns and reduced risk. Lastly, while building a residential property may seem like a tangible and secure investment, I urge you to consider the benefits of equity investments. The potential for long-term growth, low barriers to entry, and diversification opportunities make equities an attractive option for those seeking to grow their wealth. |
| Re: Should I Sell My 2 Bedroom Flat? by Mankind2024: 4:54am On Aug 09, 2024 |
You're in a dilemma. The harsh reality is that the uncompleted house doesn't generate income, while the completed one doesn't yield enough. Consider this hypothetical scenario: if you had invested the capital tied up in both properties five years ago in Zenith Bank or Guaranty Trust Bank shares, you'd have enough capital to purchase a rental property at a bargain price. Our parents made the same mistake of prioritizing residential property as an asset rather than a liability, which is what it truly is. Financial assets outperform residential real estate in the long term. For instance, if you had invested N5 million in Zenith Bank shares in August 2020 at N18 per unit (year-high), you'd have: - 277,000 units, worth N10.5 million as at COB on 8th August 2024. - factoring in interim and final dividends. Dividend breakdown (2020 -2024) on 277,000 units. - 2020 September interim dividend: N83,100 - 2021 March final dividend: N747,900 - 2021 September interim dividend: N83,100 - 2022 April final dividend: N775,600 - 2022 September interim dividend: N83,100 - 2023 May final dividend: N803,000 - 2023 December interim dividend: N138,500 - 2024 May dividend: N969,500 Total dividends received: N3,315,420 (after deducting 10% withholding taxes). In contrast, a house in Delta State yielding N150,000 per annum would total N750,000 over five years, without considering maintenance costs, which is impossible to ignore. Equity investments triumph over real estate. Landed property might fare better. Dammycouch: |
| Re: Should I Sell My 2 Bedroom Flat? by galantjoe(m): 6:17am On Aug 09, 2024 |
ravensckar:House has two income 1. Rental income that will be coming regularly 2. Real estate appreciation that will be residual income when the property is sold. Investment in house less risky because real estate will always appreciate in medium and long terms. So to get better returns on housing invest on it for long term (10yrs or more) But investing in stock is more risky because of volatility and vagaries of stock market, govt policy and externalities. You as an minor investor in stock cannot influence decision of shareholders, directors or managers of those companies. Investment in stock can be short term or medium term if you re an avid investor. Don't sell your house to invest in stock market. It gonna be a worst investment decision 1 Like |
| Re: Should I Sell My 2 Bedroom Flat? by Meteng: 9:15am On Aug 09, 2024 |
galantjoe:Oil dey your head sir 1 Like |
| Re: Should I Sell My 2 Bedroom Flat? by ibechris(m): 9:23am On Aug 09, 2024 |
gaby:Best investment advice. Thumps up bros. |
| Re: Should I Sell My 2 Bedroom Flat? by SocialJustice: 9:25am On Aug 09, 2024 |
Sell the 2 properties. Put 40% of the income in ren money 20% interest with upfront payment. So if you put N10m, it will give you N2m upfront while capital is locked for 12 months. Put the other 60% in VOO, there are Nigerian apps you can buy VOO from. It is a dollar ETF that yields 10% annually. You can live off 4% annually. Allocate it according to your risk profile. 1 Like |
| Re: Should I Sell My 2 Bedroom Flat? by ibechris(m): 9:26am On Aug 09, 2024 |
The two investments is a complete waste of money although, it is better than those gambling. Sell the two and and put the money into treasury bill,bonds or even Sukuk. |
| Re: Should I Sell My 2 Bedroom Flat? by cliper230(m): 10:13am On Aug 09, 2024 |
Ma guy no try that rubbish. How you wan sale properties for home states to finish another property for another man states. Use your head before them use am for you 1 Like |
| Re: Should I Sell My 2 Bedroom Flat? by gaby(m): 10:50am On Aug 09, 2024 |
ibechris:Welcome, bro. 1 Like 2 Shares |
| Re: Should I Sell My 2 Bedroom Flat? by pneumaticos(m): 4:17pm On Aug 18, 2024 |
Dammycouch:whever you do....keep, the two houses, as what I see from the Ogun State House can start doing about 1 million per year In 3 years( location is important though and if the location is good enough, convert that into short lets( that could increase it to 2 million -3 million per year from the get go as for stocks and bank money...run with all of your might, including your family if you already have one stocks investment in nigeria is the biggest scam after nepa bill 1 Like |
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