₦airaland Forum

Love800:
What do you mean by "landed property"?

landed property is a property that includes land and a building on it. It can also refer to a parcel of land.

Some of you who make these comments dont understand how wealth works. A building for rent is an asset, it will continue to generate cash in the foreseeable future, the 350 k rent can increase to 500k in less than 2 years depending on developments in the area and demand.
You can give that house to your children and even grandchildren. That funds from that house can be used for other businesses.

The house can be used for collateral to get amounts larger than what was used to build it.

Stop taking advice from so called social media advisers who are living in their cars and telling you to do what they have never done.

Most are sponsored to promote bad advice. With a population projected to reach 600 million in a few years housing can never be a bad investment.

Everyone cannot build plazas and offices. People must have where they reside. Shortlet is not viable in every part of the country, recognize your loacal market and invest accordingly.

Jeferious:
Oga, you don't know me before, so I assume that you speak from a place of ignorance. The Op is right, in a way. Considering the short term, putting all that money away in building a house for rent is a waste of funds, especially where this would affect the builder's business . I'm a landlord, and I clearly understand him. The funds should be reinvested into the same business that brought the #70m in the first place in order to make more money. Personally speaking, the least I can do with that money in a year is to double it if I put it back in business.

In conclusion, being a landlord of a multiple-storey building with apartments to rent out is very cool, but considering the short-term ROI,then it's not a very nice investment.

You speak out of ignorance too , this is how some of you deceived people, which business doubled that money in a year... My friend had such money some years ago, I told him to invest in property he refused, he went and invest in farming, the rest oil and gas today he has no money no single property.... Stop mislead people, invest money in anything you can sell and get your money back...

I think it's the land you built it on that appropriate in value. The building itself depreciate.

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

Meanwhile if you invest in 10 year FGN bond of 22% today and you can reinvest the interest at 22% as well, in 10 years you will have N584mln. Cos your money will double every 3 years or so.[center][/center]

Building for rent is the dumbest thing anybody in Nigeria can do today.

The only place it makes sense is Ikoyi, Banana Island etc

Love800:
What is Air BnB?

Airbnb is an online marketplace that connects property owners with travelers looking for short-term rentals:

How it works
Property owners can rent out their spaces, such as a spare room, apartment, or house. Travelers can find and book these rentals on the Airbnb website.

Source:AI

IamANigerianMan:
You speak out of ignorance too , this is how some of you deceived people, which business doubled that money in a year... My friend had such money some years ago, I told him to invest in property he refused, he went and invest in farming, the rest oil and gas today he has no money no single property.... Stop mislead people, invest money in anything you can sell and get your money back...

So you really expect me to tell you my business and its secrets on a public forum? Something wey dey give me my daily bread on a regular? You dey play.

Try and understand the Op. Building of commercial house should be done with spare funds. If it would affect the business adversely, no put body. Las Las, run am on a one-year-one-block basis

Reality check,do people still have spare money this days?

ibinaboonline:
I think it's the land you built it on that appropriate in value. The building itself depreciate.

Not true. The cost of building material keeps appreciating and never goes down. When I fixed alumaco glass on our building it was around 7k each, same spec is now 90k each so you see it will add the new cost of the building, building blocks were 50 naira back then but now 600 naira each. Minus that land. Building materials appreciate here in Nigeria so old building still command good price as cost continue to rise.

In stable economies cost of building materials almost stay same

COMPAQ:
Meanwhile if you invest in 10 year FGN bond of 22% today and you can reinvest the interest at 22% as well, in 10 years you will have N584mln. Cos your money will double every 3 years or so.[center][/center]

And you invest same 70 million in XRP crypro coin a month ago you will have 500,000,000 by now.. So you see there are even bigger risk than bonds. My question to you is why did you ignore crypto that is faster?

jmoore:
Spending 70 million naira to build a 2 story building 3 bedroom flats.

Put the rent at 350,000 naira per year for each flat in a location like Aba, it will take you more than 33 years to breakeven.

House for rent as an investment is what your children will enjoy, not you.

Use your spare money to build if you have excess cash.

If you have 80 million naira in your account as a young man, don't use it to build that story building. Reinvest it in your business that gave you that 80 million naira.

You can buy land, but don't build until you have at least times 3-4 of the building budget in your account.

Everything you said is spot on except that part highlighted by me. Not necessarily to reinvest in the business that gave you that money. Sometimes, it could be gambling, a gift, inheritance. Sometimes, people want to divest and sometimes, people want to move away from their current business for a number of reasons.

SUPERPACK:
And you invest same 70 million in XRP crypro coin a month ago you will have 500,000,000 by now.. So you see there are even bigger risk than bonds. My question to you is why did you ignore crypto that is faster?

You mentioned that crypto is a bigger risk and you still asked why ignoring it? I hope you, yourself understand what you meant by bigger risk

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

Are you going to sell it in 10 to 15 years time? If not, it is a still a waste of resources as stated by Op

aicon4s:
I used to have this mindset painted above until I had the opportunity to discuss with people that own such properties.
One of the best collaterals you can have as a business man is a landed property with a CofO.
With that 2 or 3 storey building worth 150Million you can have access to loan of up to N500 million.
The owners of those properties don't care about the Return on Investment (ROI) on the property, they see it as opportunity to access loans. That's why if you go to places like Onitsha and Aba you will see so many high rise residential buildings. Most of them have been mortgaged for loans.

This is also a good reason. And in that case, it is still a business strategy but not for just house rents

Goodnewsforlife:
between a fallow land and a building

Which of them have appreciable value more in 10 years to come?

Buildings depreciate with years just like motors but at a slower rate. What makes buildings look like they're appreciating is the plots of land upon which they are built, it is the land that appreciates, not the building. Buy multiple genuine lands instead of wasting money on a single land.
Though, the high rate at which naira is losing value also makes building and motors appreciate which ordinarily is not a normal economic principle

004gist:
The recent campaigns against investment in building is demonic. Asking those who are away not to return home to invest is demonic.
When i wanted to travel someon had to buy my land and that person happened to come from abroad.

People buy lands for various reasons. Op is specific about what he's saying. Nobody told you not build a house or invest in real estates but just that you should think about it if you want to wait for like 20 years and above before recouping your money

maasoap:
People buy lands for various reasons. Op is specific about what he's saying. Nobody told you not build a house or invest in real estates but just that you should think about it if you want to wait for like 20 years and above before recouping your money

Even if u invest in productive ventures.. You still can't recoup the funds in few years. It take several years to breakeven n that's even if the business doesn't die off.

House is a sure investment. A place i bought n wanted to build a 2 bedroom is going for 850k per month.

So investment in this sector is a nice investment

ZACHIE:
Hmm.

Don't listen to that nonsense o.

Build that house, bro.

In all you do, retain value for that 70m million. Don't save it in a bank. Be careful which business you do with it.

That house will retain the 70m come what may for ever.

And it is poor thinking saying 350k/annum is what the rent will be in 33 years. Who taught you business?
The house you are living now, how much did you rent it last year, how much is it today?

Build that house. Retain the value of that money. Stop listening to BS.

The hit the Naira took in 2 years should make you learn a big lesson

You don't have to keep it your account, look for low risk businesses/investments. Low risks means low returns but far better returns than yearly house rents

004gist:
Even if u invest in productive ventures.. You still can't recoup the funds in few years. It take several years to breakeven n that's even if the business doesn't die off.

House is a sure investment. A place i bought n wanted to build a 2 bedroom is going for 850k per month.

So investment in this sector is a nice investment

Not several years if you invest in business. And of course, businesses have their own risks too. The point is that you and I might channel the same amount into different things. As for me, I'm not building a house or houses for rents

maasoap:
Not several years if you invest in business. And of course, businesses have their own risks too. The point is that you and I might channel the same amount in different into different things. As for me, I'm not building a house or houses for rents

No one forces u.. So u guys should keep ur opinions to ur selves. If you tell someone who is ik away not to return home to build something there is no way he can come to do business. Because he will need to be on ground to run the business.

One thing we know our people who travel outside is their structure theu put on ground n this helps funds circulate in local economy.. Those selling rods, cement, labourer will sell, it creates a multiplier effect...

A friend who told me he wants to start investing in real estate from next yesr to 5 years just grow cold feet that he will now buy a building in Europe. That someone posted against buildings etc.

This advice will hurt local economy big time.

U guys should have sense

004gist:
No one forces u.. So u guys should keep ur opinions to ur selves

You are losing it, keep it together rude boy

maasoap:
You are losing it, keep it together rude boy

Who are u calling boy? Is it because we are on faceless forum? Ewu
So u guys should keep ur opinions to ur selves. If you tell someone who is away not to return home to build something there is no way he can come to do business. Because he will need to be on ground to run the business.

One thing we know our people who travel outside is their structure theu put on ground n this helps funds circulate in local economy.. Those selling rods, cement, labourer will sell, it creates a multiplier effect...

A friend who told me he wants to start investing in real estate from next yesr to 5 years just grow cold feet that he will now buy a building in Europe. That someone posted against buildings etc.

This advice will hurt local economy big time.

I am in Europe right now i cant open any business in Nigeria when i am here and its only when i leave here i can do that in future

U guys should have sense

004gist:
Who are u calling boy? Is it because we are on faceless forum? Ewu
So u guys should keep ur opinions to ur selves. If you tell someone who is away not to return home to build something there is no way he can come to do business. Because he will need to be on ground to run the business.

One thing we know our people who travel outside is their structure theu put on ground n this helps funds circulate in local economy.. Those selling rods, cement, labourer will sell, it creates a multiplier effect...

A friend who told me he wants to start investing in real estate from next yesr to 5 years just grow cold feet that he will now buy a building in Europe. That someone posted against buildings etc.

This advice will hurt local economy big time.

U guys should have sense

Grow up. When you are matured emotionally, you can come back to discuss this subject. You are clearly not in control of your emotion, kid.

maasoap:
Grow up. When you are matured emotionally, you can come back to discuss this subject. You are clearly not in control of your emotion, kid.

Ur a kid..


Stay off my mention n concentrate on ur subsistence farming in oshogbo

IamANigerianMan:
You speak out of ignorance too , this is how some of you deceived people, which business doubled that money in a year... My friend had such money some years ago, I told him to invest in property he refused, he went and invest in farming, the rest oil and gas today he has no money no single property.... Stop mislead people, invest money in anything you can sell and get your money back...

You're the idiot who said Deji Adeyanju can become a SAN in 2 years. You're very daft and lack the mental capacity to advice anyone.

jayce232:
Oftentimes it is always like that @bold
Houses are just like cars, they get old & ugly with time once new designs emerge. You need to see how ugly & dilapidated some of the houses built in 90s look now. When people say houses appreciate, they don't know the land is what actually appreciate. Because a lot of people will buy that property & demolish it to erect their desired structure.

You have a clear grasp of real estate market.

OkoAmarashy:
You're the idiot who said Deji Adeyanju can become a SAN in 2 years. You're very daft and lack the mental capacity to advice anyone.

I will not respond to useless people like you, N50 condom would have solve this problem, like I said I will not respond to people who have not use to the society ...

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

You sabi the business

IamANigerianMan:
I will not respond to useless people like you, N50 condom would have solve this problem, like I said I will not respond to people who have not use to the society ...

You're a bottom feeder in the society. A dreg, unexposed, poor, foolish and daft. Go and check through your posts history and see how congenital madness has ruined your lineage.

/
The primary aim is asset appreciation adjusted for inflation and not rent. Keeping cash in the bank is still one of the most idiotic things to do. Banks do not store cash. They lend them out to investors, earn good interest rates and give a paltry fraction to the depositors.

/

Arutan:
Nothing can be compared to real estate investment if you know what you are doing.
In 2023, i bought a 3 bedroom property for N32m, renovated it to taste with N6m , put it back for sale into the market this year. Some buyers came , priced it for N60m -N65m but i declined, i waited till a buyer came and bought it for N79m. Just within a year. I have used this part of the sales proceeds to purchase another 3 bedroom in another location nearby for N40m and started renovation. It will go into the market in 2025/2026. Real estate fetches you bulk millions and there are few businesses that can match it. It secures you firmly with minimal risk. Just ensure you buy in a genuine and approved location. Avoid fraudsters at all cost. Do thorough and meticulous investigation before you part with your money to purchase any property.

Mr Linus. 32m in 2023 is equal to 80 to 90m this year. You lost as long as naira is worthless and not appreciating.