euromilion:
Why on earth would anyone with good financial training and opportunity to invest in USA,uk,Ireland and many other countries with massive potential want to invest in Nigeria?

I've made that mistake,but not anymore.
Check this out.
Let's say joe invested 40million in a duplex in Nigeria.
Joe was lucky enough to get a professional couple that agreed to rent off joe duplex for 500k per annum.joe felt happy,forgetting that 500k is less than $2000.

On the other hand Michael invested his 40million in uk,us or ireland in a house or apartment that could be rented for between €1000-1400per month.

Who is the intelligent investor among them?

Those Who Dance Are Considered Insane by Those Who Can’t Hear the Music..........I still believe in naija

3strike:




Those Who Dance Are Considered Insane by Those Who Can’t Hear the Music..........I still believe in naija

Hahaha,
My guy please increase the volume of the music so that we on the back can hear it too na.

I troway salute oo my man.

euromilion:


Hahaha,
My guy please increase the volume of the music so that we on the back can hear it too na.

I troway salute oo my man.

one and only EuroMilla....Baba i dey hail you o.

The way naija investment is right now can be compare to a man riding in an open country looking afar, saw men and women dancing together, and didn't hear the music according to which they dance and tread out their measures, he would think them to be fools and madmen, because they appear in such various motions, and antic gestures and postures. And ofcos you cant blame him for thinking that way. But if he come nearer, so as to hear the musical notes, according to which they dance, and observe the regularity of the Skelewu, he will change his opinion of them.....

Some of us don't want to join the dance late o and why will i want to put all my Real estate investments in one continent?

Bro I agree with you o.
I can understand why people clamor for investment in the West due to the BIG risks involved in Naija but remember with huge risks come huge rewards (as well as huge losses) so it's not for the faint hearted. We all have our risk thresholds so those who can, go for it.

3strike:




Those Who Dance Are Considered Insane by Those Who Can’t Hear the Music..........I still believe in naija

befto:
Bro I agree with you o.
I can understand why people clamor for investment in the West due to the BIG risks involved in Naija but remember with huge risks come huge rewards (as well as huge losses) so it's not for the faint hearted. We all have our risk thresholds so those who can, go for it.

seconded!

befto:
Bro I agree with you o.
I can understand why people clamor for investment in the West due to the BIG risks involved in Naija but remember with huge risks come huge rewards (as well as huge losses) so it's not for the faint hearted. We all have our risk thresholds so those who can, go for it.

I don't do risk,except it's calculated risk.
At the minute I don't see anything attractive about investing in Nigeria,the country is run by uneducated cow boys that have turn politics into business,all the big big money spent on campaign and election,they're expecting it back from you one way or another.

3strike:


one and only EuroMilla....Baba i dey hail you o.

The way naija investment is right now can be compare to a man riding in an open country looking afar, saw men and women dancing together, and didn't hear the music according to which they dance and tread out their measures, he would think them to be fools and madmen, because they appear in such various motions, and antic gestures and postures. And ofcos you cant blame him for thinking that way. But if he come nearer, so as to hear the musical notes, according to which they dance, and observe the regularity of the Skelewu, he will change his opinion of them.....

Some of us don't want to join the dance late o and why will i want to put all my Real estate investments in one continent?

Bros you are still speaking in riddle o.

To me my only advice is if anyone has intention of moving back to live in Nigeria,then it's ok to build yourself a home,but investment?na.its not worth it.

Flipping land make more sense,if I should.

Oga Euromillion.
No be so. Not all risk can be calculated. Even the calculated ones sometimes blow up in our faces.
Granted the country is in a mess now but do you know that people are still making a killing even with all this mess?
Where there is chaos there are also opportunities for those who dare to take the chances.
Like I said this before this is not for everyone ooo but things are still happening there. I don't have a crystal ball but I am sure things will get better (eventually). Like Oga 3strike said in his previous post when the things get better only the brave ones will be standing (and maybe smiling or crying). We can only take the chances based on our faith.

euromilion:


I don't do risk,except it's calculated risk.
At the minute I don't see anything attractive about investing in Nigeria,the country is run by uneducated cow boys that have turn politics into business,all the big big money spent on campaign and election,they're expecting it back from you one way or another.

befto:
Oga Euromillion.
No be so. Not all risk can be calculated. Even the calculated ones sometimes blow up in our faces.
Granted the country is in a mess now but do you know that people are still making a killing even with all this mess?
Where there is chaos there are also opportunities for those who dare to take the chances.
Like I said this before this is not for everyone ooo but things are still happening there. I don't have a crystal ball but I am sure things will get better (eventually). Like Oga 3strike said in his previous post when the things get better only the brave ones will be standing (and maybe smiling or crying). We can only take the chances based on our faith.

Oga Befto you must be very good with riddles and parables.........3 gboosa for you.

Am sure Euromillion is just messing with us. he knows better........You can either see the glass half full or half empty.

Bebe


Here is my view on it.

As previously mentioned, location is very important, you also have to look at infrastructure, title, accessibility and prospects. I am not going to talk about property investment in the UK, as thats a different kettle of fish, lets focus on Lagos. Brabus has already covered some points, but I wouldn't be fooled by any marketing with the figures he provided, most of those examples are not that of happy clients.


Location

Before you decide to go for any area, call random agents and ask people around locally what the location is like, read castles, find out how much rent goes for in the locality, find out what sells in that area and look at opportunities, what are other landlords doing correctly that you can learn from and what are others doing incorrectly that you can improve on. In Lagos, good location often comes at a premium but this is where cash is king and how well you can bargain. I have seen a property sell for over X million in one area and less than 200 metres away, I am being offered a plot for half of that X million (had it checked out and it all came back clear).


Ask questions and do your research well.

Dont feel bad that you are asking questions, its your money. Get a good agent, give him your brief and let him do the leg work. They will all charge you a percentage, so might as well make them work for their money, just like you do unless your are Brabus who goes around with a Van stealing materials on site and offloading materials via the black market...



Construction costs

In my experience, during construction there are just some costs that are more or less fixed irrespective of where you build. Examples include (When comparing like to like)

* Raft , irrespective of whether its in Sango Ota or Ikate, Ikate might be marginally more expensive when you consider labour etc but the difference would not be much, but the rent can be massively different. Obviously I am comparing like for like not different specifiction of raft etc.

* Window na window (If you plan to use same window on 2 sites, one that both cost 50m to build but yet one is bringing 8m in rent yearly and the other is bringing 2m in rent). I find that such costs doesnt know location, its usually very comparable.
* Blocks (Not much difference unless you make it yourself)
* Sand (This can vary)
* Cement (You use thesame cement irrespective of the area, one may gulp more than the other especially if Brabus is your builder and he has m*ss up big time)
* Iron rod (if a building needs 10 tonnes or rebars, cost almost thesame but yet rent can be wildly different across the 2 areas)
* Finishing (You can see a scenario whereby if 2 houses one in Sango and the other at Ikate, if they both use thesame finishing material, the cost is more or less thesame but the ROI is wildly different.




Be careful with some advisers

Whilst we have some dodgy contractors (not all) on NL, and some are just plain fraud and some even bury juju on your site (trust me i have seen some stones). Some say a lot of things that you want to hear, once you enter their trap. You enter one chance be that. Dont be fooled by any glossy figures, a lot of lies are behind the facade...

Now is not a bad time to invest in properties in Lagos. But be very very careful Bro. Always ensure that whatever you buy gets checked out by a good lawyer & surveyor.

euromilion:


Bros you are still speaking in riddle o.

To me my only advice is if anyone has intention of moving back to live in Nigeria,then it's ok to build yourself a home,but investment?na.its not worth it.

Flipping land make more sense,if I should.

Oga euromilion

Sounds pretty dire, any specific reasons for your outlook ?

3strike:


Oga Befto you must be very good with riddles and parables.........3 gboosa for you.

Am sure Euromillion is just messing with us. he knows better........You can either see the glass half full or half empty.

Bros am not messing o,how many years do you think that we have left on earth?many of us don't have 50yrs left o.

Am in for real money and peace of mind too,not in Monopoly money.

We are all financial student here o,learning to make money from any legit way o.

Please guys try to convince me to invest in Nigeria with figures.I am open to learning o.

mavverick:


Oga euromilion

Sounds pretty dire, any specific reasons for your outlook ?

The return figures are not convincing,coupled with goverment policies.

euromilion:


The return figures are not convincing,coupled with goverment policies.

I dont think its much better in the West for anyone purchasing now though, and would you say they have better Govt policies ?
I mean in the UK, there is going to be a big big change in the way they calculate taxes from BTL investments here, where mortgage payments are not longer deductible expenses, would you call that good Govt policy in the eyes of an investor ?

mavverick:


I dont think its much better in the West for anyone purchasing now though, and would you say they have better Govt policies ?
I mean in the UK, there is going to be a big big change in the way they calculate taxes from BTL investments here, where mortgage payments are not longer deductible expenses, would you call that good Govt policy in the eyes of an investor ?

The onus of a successful investment is after every expenses,if you still have leftover then you're doing well,no matter how bad it may sound,I assure you that it will still be better than a 500k naira per annum for a duplex of 40million.

I however would not invest in uk myself.if not in ireland or USA,then Croatia or any new eu members,or country that have potential of joining the eu soon.these are where the money is at the mo.

The west is only coming out of recession bro,if this time is not the time to invest,then I don't know when to,many properties in the west are below their asking price compare to 2007,so am allowed to say this is the time.

Over here I have been paying my mortgage since 2007 they don't deduct it as an expenses here either.

Interesting but why would you spend 40M and get 500K? no way.
Who does this?
Most people I know spend that and build 6 flats (each going at min 500k) some at even 800K which works about to be between 3M and 4.8m per year.
Where are you seeing 500k on an investment of 40M? Bro that does not make any economical sense. Maybe sentimental.

euromilion:


The onus of a successful investment is after every expenses,if you still have leftover then you're doing well,no matter how bad it may sound,I assure you that it will still better than a 500k naira per annum for a duplex of 40million.

I however would not invest in uk myself.if not in ireland or USA,then Croatia or any new eu members,or country that have potential of joining the eu soon.these are where the money is at the mo.

befto:
Interesting but why would you spend 40M and get 500K? no way.
Who does this?
Most people I know spend that and build 6 flats (each going at min 500k) some at even 800K which works about to be between 3M and 4.8m per year.
Where are you seeing 500k on an investment of 40M? Bro that does not make any economical sense. Maybe sentimental.

Bros I was going through your past post,I can tell you that I own 7 flats not too far from you,I doubt if anyone will 500 -800k for a flat there o.

Bro.
you need to check well o. I cant get 800k bro but trust me I have had people offer 500k anf its not even completed. Maybe I am dreaming only God can tell when its all done. I will keep you posted.
Having said that there are areas in Lekki where you spend 40m+ and get 800k per flat. and mine no cost 45m o. I no be rich man like you. we deal in the 20s. lol

euromilion:


Bros I was going through your past post,I can tell you that I own 7 flats not too far from you,I doubt if anyone will 500 -800k for a flat there o.

Oga abi na madam bebe...the infos here are hit back to back o..if you still won invest come and and get it. God bless you.

Interesting discussion ongoing here.

Bebe2, euromillion, real estate like any other endeavor, there's a right way and a wrong way to go about it.

Here's a simple recipe for disaster/failure:

Planning as you go - this is one and the biggest mistake of new investor. They buy properties because they think they got a good deal or cos it's cheap and then try to figure out what to do with it. "Should I build 10 units of mini flats or 3 units of monoplexes?" To me, that's working backward. First, you find the plan and then you find the house to fit the plan.

Don't find the strategy after you Close the deal. Have a working plan first.

____________
Thinking you'll Swim in Millions - World over, real estate is not for the faint-hearted but for the few who can see the light at the end of the tunnel. So many people are sweet-talked into making wrong investment decision by self-acclaimed real estate gurus.
These gurus don't talk about all that hard work. So you have to be smart while doing you Groundworks to factor in how to stay afloat while swimming in the ocean, you have to be willing to work, and you have to understand your risk tolerance so as to make an informed decision.

_____________
Playing Lone Ranger - Maybe this can work in a saner clime but definitely it's very unsafe in volatile environment especially one without stable policies.
You can't build a business as an investor if you're spending all your time fixing leaky faucets and putting up ceiling fans. Chances are there that you'll get too emotional along the way and end up with Point no. 4

There's a price to pay for every investment. Once you exceed the figure, you've got it all wrong.

____________
Paying too much - Just be ready for surprises. A dilapidated building in a right location will make a good investment than a nice-looking edifice in a wrong location. Many wannabe real estate investors don't think twice about taking their financial lives in their hands. Even when you choose to go for land flipping, as yourself how long do I want to do this? Are there better, cheaper or quicker ways to turn around this fund? Educate yourself before you put your family's financial security on the line.

euromilion:
Why on earth would anyone with good financial training and opportunity to invest in USA,uk,Ireland and many other countries with massive potential want to invest in Nigeria?

I've made that mistake,but not anymore.
Check this out.
Let's say joe invested 40million in a duplex in Nigeria.
Joe was lucky enough to get a professional couple that agreed to rent off joe duplex for 500k per annum.joe felt happy,forgetting that 500k is less than $2000.

On the other hand Michael invested his 40million in uk,us or ireland in a house or apartment that could be rented for between €1000-1400per month.

Who is the intelligent investor among them?

None of them. But Michael did well. Spending 40m to get 500k is like performing a open-heart surgery without years of education and training.

However, there's more that you can achieve with 40m here bro. Ask if you don't know!

euromilion:


Bros am not messing o,how many years do you think that we have left on earth?many of us don't have 50yrs left o.

Am in for real money and peace of mind too,not in Monopoly money.

We are all financial student here o,learning to make money from any legit way o.

Please guys try to convince me to invest in Nigeria with figures.I am open to learning o.

At a point in life, we will all reach menopause. The money-making skills and ability in us will reach the peak and head for a sharp decline. Not prophesying evil. It's a known fact! Whatever we do with our investment portfolio at that time is what's going to be left with us.
Big Q remains, are you investing in the future to inherit bigger problems (maintenance, litigation due to collection of rents, etc) or are you investing in the future to get a well deserved rest?

Real Life Scenario (from an ongoing build) | Browne Mews

20 years ago, a young man in his 40s decided it's time to invest in properties. He went ahead to buy into one of the 1004 flats with the hope of getting attractive rents from one of the hottest location in Nigeria as at that time. For the first decade of his investment, he was able to make some cool money from the investment until late when the property became a hideout for urchins and had to undergo renovation.

Our man is now in his 60s and out of paid employment decided to flip the 1004 flat for something better to take care of him in his old age. So, he approached me and told me, he Brabus I just sold my flat in 1004 and here's 55m what can we do with it. While our man was on point, he has diversified his investment portfolio into other sectors (oil/gas, hospitality, and even mining) and so he didn't want to gamble with the fund gotten from the sales.
Immediately, we sprung into critical thinking and ended up with a plan to build 4 unit terrace duplexes with the fund with the hope of selling at irresistible figure (N27m) per flat in a well planned and secured environment. Armed with these info, we went ahead to look for a land that do not only fit the budget but a cornered plot which is perfect for the investment. We also went ahead to explore all the cost-saving ideas to make this build successful. We are 25% gone into the build and we are getting offers already from buyers who are ready to pay 18m per unit just within 2 months of investment.

Now, isn't that a worthwhile investment? If I chose to sell at carcass, I'll be getting 100% ROI and that's about 40m profit just within 3 months. And trust me, it'll be a very easy sale.

God punish poverty! God bless critical thinking!



__________
Now, pitch this side by side with another investor who choose to build the same house in a wrong location where the foundation cost alone is over 10m, no good road, very unhealthy neighbourhood and 8 months down the line is just getting to completion of the carcass. No clear marketing plan.

OR

Another investor who choose to build 8 flats of 2 beds in a location with a view of collecting 4m rents per annum for 10 - 12 years to recoup his N55m investment. Bro, isn't that counting your eggs before they're laid? What are the assurance that the 8 flats will be fully occupied in the first 8 years. Property investment is not probability or permutation. It's a tough decision that must be taken.



Tell me who's wiser?

I can help you get a land within ajah island or the mainland (Arepo)rent with dis area is very appealing we can get to talk more better via my email osayandekennethonline@gmail.com.

mavverick:
Bebe


Here is my view on it.

As previously mentioned, location is very important, you also have to look at infrastructure, title, accessibility and prospects. I am not going to talk about property investment in the UK, as thats a different kettle of fish, lets focus on Lagos. Brabus has already covered some points, but I wouldn't be fooled by any marketing with the figures he provided, most of those examples are not that of happy clients.


Location

Before you decide to go for any area, call random agents and ask people around locally what the location is like, read castles, find out how much rent goes for in the locality, find out what sells in that area and look at opportunities, what are other landlords doing correctly that you can learn from and what are others doing incorrectly that you can improve on. In Lagos, good location often comes at a premium but this is where cash is king and how well you can bargain. I have seen a property sell for over X million in one area and less than 200 metres away, I am being offered a plot for half of that X million (had it checked out and it all came back clear).


Ask questions and do your research well.

Dont feel bad that you are asking questions, its your money. Get a good agent, give him your brief and let him do the leg work. They will all charge you a percentage, so might as well make them work for their money, just like you do unless your are Brabus who goes around with a Van stealing materials on site and offloading materials via the black market...



Construction costs

In my experience, during construction there are just some costs that are more or less fixed irrespective of where you build. Examples include (When comparing like to like)

* Raft , irrespective of whether its in Sango Ota or Ikate, Ikate might be marginally more expensive when you consider labour etc but the difference would not be much, but the rent can be massively different. Obviously I am comparing like for like not different specifiction of raft etc.

* Window na window (If you plan to use same window on 2 sites, one that both cost 50m to build but yet one is bringing 8m in rent yearly and the other is bringing 2m in rent). I find that such costs doesnt know location, its usually very comparable.
* Blocks (Not much difference unless you make it yourself)
* Sand (This can vary)
* Cement (You use thesame cement irrespective of the area, one may gulp more than the other especially if Brabus is your builder and he has m*ss up big time)
* Iron rod (if a building needs 10 tonnes or rebars, cost almost thesame but yet rent can be wildly different across the 2 areas)
* Finishing (You can see a scenario whereby if 2 houses one in Sango and the other at Ikate, if they both use thesame finishing material, the cost is more or less thesame but the ROI is wildly different.




Be careful with some advisers

Whilst we have some dodgy contractors (not all) on NL, and some are just plain fraud and some even bury juju on your site (trust me i have seen some stones). Some say a lot of things that you want to hear, once you enter their trap. You enter one chance be that. Dont be fooled by any glossy figures, a lot of lies are behind the facade...

Now is not a bad time to invest in properties in Lagos. But be very very careful Bro. Always ensure that whatever you buy gets checked out by a good lawyer & surveyor.

Bro, tnks for the post.

Read thru all with eyes wide open. Am beginning to realise having the cash to invest is only the beginning of the challenge.

Will slow down and take my time so as not to mistakes.

Ehhh but wetin oga brabus do you, u sure got his attention

Pls u guys shud sort things out biko,

bugatti02:
I can help you get a land within ajah island or the mainland (Arepo)rent with dis area is very appealing we can get to talk more better via my email osayandekennethonline@gmail.com.

Hmm? Osayande ke?
U be my papa pikin? Lol

check your email, i have sent you a proposal. Nigerian engineers ( Foremen) are cheats been in similar position where over ₦30million went into foundation to decking and qs revealed figure that was depressing to my ears. But investing in Nigeria is a better choice, base rate is currently 0.5% and there will be high rate of repossession once interest rate start rising, those in variable rates will tell you true story, those enjoying the uk mortgages right now are those on tracker or fixed term.

joint venture opportunity at Ajah.
07064288888

euromilion:


I don't do risk,except it's calculated risk.
At the minute I don't see anything attractive about investing in Nigeria,the country is run by uneducated cow boys that have turn politics into business,all the big big money spent on campaign and election,they're expecting it back from you one way or another.

Bro, u seem to have been burnt by the nigeria property market.

But u not telling us wat really happened, we are here to learn and beneft from each others experience.

Pls tell us wat went wrong, Wats discouraging from investing in our fathers land ?

bebe2:


Bro, tnks for the post.

Read thru all with eyes wide open. Am beginning to realise having the cash to invest is only the beginning of the challenge.

Will slow down and take my time so as not to mistakes.

Ehhh but wetin oga brabus do you, u sure got his attention

Pls u guys shud sort things out biko,

Now you get it. Having the fund isn't the first thing but having a good plan.

Wouldn't you be happier if you can recoup your investment with good ROI within short term?

But buying land before planning the investment is like putting the cart before the horse.

Bro Euromilion, I don't know of any other properties you might have invested on in Nigeria but if it's the one I visited in Ikotun, I'm sorry to tell you that location doesn't worth it.

Road - 0. I'm sure you're aware big trucks can't go to that site except 5 tonnes truck.
Accessibility - fair
Space planning - below average
Neighbourhood - very unfriendly judging the way they handle issues.
Design - fair. Didn't give the neighbor any surprise. Just another 4 flat in the block.

So I really won't advice putting too much energy into this. I won't compare the location with Ibeju Lekki not to talk of UK.

I'm selling a structure built to decking level for 30m (distress sale) in Lekki. Pls tell me how that's a bad investment. Or you believe I would have spent up to 20m on land and the build?

________
The funny part some people got a good advice and decided not to make use of it. At the end they keep blaming policies, everyone and the whole world for their error.

The Reserve is another perfect case study. The reserve built btw (oct 2014 - June 2015) gave me 7.5m in rent in the first year. In few months, I'll be collecting my 2nd rent of 9m. However, there's another build like the reserve (same design but different terrain) on the same area where I built the reserve which may not generate good ROI as the reserve. You want to know the reason why? Oversabi cause am.

@Brabus. you really make good points so the question is where should one invest and where and what can 30m get you?

secondly you also mention people who made wrong investment decisions. I take it these are some of your enstranged clients? Did you not advice them when they ventured into this or were you just concerned with doing the job?

I follow all your posts closely and must admit I am very impressed and will love to give you one of my projects but I tend to get conflicting messages from your posts.

In some posts you mention hot and upcoming areas for investment and in the same breath you knock these areas. Another time you advice in build to let and on the other hand you advice against that and instead talk about building to sell.

I just think that for us learners you should try not to confuse us and stick and mentain your stance and advice as such.

Like I said above I am quite impressed with your posts and work and hope we can do business in 2017.

keep up the good work

brabus:
Bro Euromilion, I don't know of any other properties you might have invested on in Nigeria but if it's the one I visited in Ikotun, I'm sorry to tell you that location doesn't worth it.

Road - 0. I'm sure you're aware big trucks can't go to that site except 5 tonnes truck.
Accessibility - fair
Space planning - below average
Neighbourhood - very unfriendly judging the way they handle issues.
Design - fair. Didn't give the neighbor any surprise. Just another 4 flat in the block.

So I really won't advice putting too much energy into this. I won't compare the location with Ibeju Lekki not to talk of UK.

I'm selling a structure built to decking level for 30m (distress sale) in Lekki. Pls tell me how that's a bad investment. Or you believe I would have spent up to 20m on land and the build?

________
The funny part some people got a good advice and decided not to make use of it. At the end they keep blaming policies, everyone and the whole world for their error.

The Reserve is another perfect case study. The reserve built btw (oct 2014 - June 2015) gave me 7.5m in rent in the first year. In few months, I'll be collecting my 2nd rent of 9m. However, there's another build like the reserve (same design but different terrain) on the same area where I built the reserve which may not generate good ROI as the reserve. You want to know the reason why? Oversabi cause am.

My response in quote below.


@Brabus. you really make good points so the question is where should one invest and where and what can 30m get you?

You can invest anywhere in Nigeria so far it meets all the conditions we've been discussing above. Good location, good design, high ROI and free from all known encumbrances. You may want to ask how can I get this right? Research well. Forget the sales gimmicks "nearness to the proposed airport", "beside proposed University of XYZ", "located within area marked for urban renewal." Those are words they used to confuse you. You don't plan on what you can't control.

secondly you also mention people who made wrong investment decisions. I take it these are some of your enstranged clients? Did you not advice them when they ventured into this or were you just concerned with doing the job?

Of course yes. The success of The Reserve birth 2 other similar projects. First on the same area with the Reserve, the other is Browne Mews. Owners are in the same age group. However, one was upfront with me about what he has and what he can do and how he wants it while the other knew the Oba of Lagos, the whole builders and artisans I the whole world, the agents, the Omo oniles etc. Interestingly, the Reserve is owned by another retiree who's also a widow who wants something to fall back on since no one will be there to give help. So I designed a low maintenance house for her. The 3 builds mentioned here are all the same except for few changes made here and there but one was a bad decision because he know it all while the others came successsful.
If I had chance to build for people, I try as much as possible to chip my own advice. Atlantic View is another good example. Most people won't believe that build is a commercial/residential build because of the contemporary design. We decided to factor in mini-flats which rents for as much as 700k in the area into the build and we got 3 units. The client opened up and I gave him what can be used to maintain the luxurious edifice without change the face of the house. So it's all about been upfront and leaving speculations out of it.

I follow all your posts closely and must admit I am very impressed and will love to give you one of my projects but I tend to get conflicting messages from your posts.

In some posts you mention hot and upcoming areas for investment and in the same breath you knock these areas. Another time you advice in build to let and on the other hand you advice against that and instead talk about building to sell.

Different areas, Different uses. While the Reserve in Agungi could be let out so easily. The same can't be said of Browne Mews which is located in Lekki Scheme II. And they're both in Lekki. Even inside the same Lekki II, there are plots you dare not invest and there are plots that will give you triple your investment in a year. You get my drift now. It's not a "one size fits all"

I just think that for us learners you should try not to confuse us and stick and mentain your stance and advice as such.

Sticking and maintaining a stance is never going to work in real estate investment except you're just doing it as hobby. Everyone is building, I want to build is the mentality of most people in diaspora. I see a lot of this in the way people ask for floor plans and estimates online. And that's the reason we got so many things wrong. Worse still, some people are too lazy to do research. Do you know there's a guy who will give you a car for buying one of his flats? He's one of the trending guys now. I knew another one that will give you N1m for furnitures and lot more. Different approach, Different Result. That used to be my slogan when I was in the It sector.

Like I said above I am quite impressed with your posts and work and hope we can do business in 2017.

keep up the good work

Many people are avoiding Lekki free trade zone now like plague. Meanwhile, the informed few knew what Dangote is doing will cater for more than 25,000 people which means condos, MTUs and other flats won't be a bad idea in such area.

Or do we think Dangote will start building staff residence first?

That makes more sense to me than the white elephant Badagry-Benin 10 lane expressway.

At the end of the day, the ROI is what matters.