Thank you for allll your responses.
Please keep first quarter of 2017 free and lets see what we can do on a good budget.
I will relish the chance to do some business with you.

brabus:
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?



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

Interestiing. I was tempted to invest in the Lekki Free Trade Zone but some developer played me for over 4 years (with my money still with him) So I am very weary of this area. Been burnt once here so will take alot for me to go back there.

brabus:
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.

befto:
Interestiing. I was tempted to invest in the Lekki Free Trade Zone but some developer played me for over 4 years (with my money still with him) So I am very weary of this area. Been burnt once here so will take alot for me to go back there.

Now, Dangote is there. People with guts will swim with the Sharks. I believe you know that area will be built by people eventually.

That's where the calculated risks come.

_________
There's a Nairalander here who bought 28 plots there from another nairaland agent (a well know agent on Nairaland). The agent went back to sell some of the plots to another company. The guy (a diasporan) almost gave up but for timely intervention. We just did the needful and got our land back without conceding anything. It was non-appearance.

Oga agent, in case you're reading this. I'm the man behind your travail.

Good day, if u want mainland and u want good return on your investment and structural sound buliding, u have to up your investment with another 5 to 8million, u can will get like 2.1,million per year that 700k per flat,location matters a lot

So how much are plots going for in that area now?

brabus:


Now, Dangote is there. People with guts will swim with the Sharks. I believe you know that area will be built by people eventually.

That's where the calculated risks come.

_________
There's a Nairalander here who bought 28 plots there from another nairaland agent (a well know agent on Nairaland). The agent went back to sell some of the plots to another company. The guy (a diasporan) almost gave up but for timely intervention. We just did the needful and got our land back without conceding anything. It was non-appearance.

Oga agent, in case you're reading this. I'm the man behind your travail.

befto:
So how much are plots going for in that area now?

I honestly can't say much on land deals or transactions. I'm not a land agent or speculator.

The only thing I can talk about is the cost of building on that terrain which in most cases can survive without raft.

Thank you Brabus.
Really like the way you have addressed all my concerns.

brabus:


I honestly can't say much on land deals or transactions. I'm not a land agent or speculator.

The only thing I can talk about is the cost of building on that terrain which in most cases can survive without raft.

brabus:



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?

Please provide more details as i might be interested

We can take it off NL if you want

jaybee3:


Please provide more details as i might be interested

We can take it off NL if you want

It's inside Lekki County Homes. I can link you up directly with mortgage house that will finalize the transaction.

No agency. The bank will even provide relevant assistance.

Call me for more information.

Interesting conversation going on here.

I will just warn everyone to be really careful with BRABUS, the guy is a thief and just don't get carried away by his EXPERT VIEWS (some of what he says are known facts, that if you ask 10 people who know about properties, 8 will tell you thesame thing) ! he seems to know it all, when he hasn't defrauded you, he says what you want to hear, as soon as money change hands, story will change. Thats all i will say. Also, when BRABUS is building for you, your location is better than ASO rock, but when he defrauds you and you expose him on NL, your location is worse than AJEGUNLE SLUM (He does this to everyone). The guy get sweet mouth ! Obviously what do you expect from a Con artist who uses Juju (Abi is it not you that buried prayer stone on 3Strikes site ? and we know about what you put inside mouth before you speak to clients lol).

Obviously the guy is a serial underachiever, who is immature. So I dont pay much attention to his rants. Ask him, what building has HE completed with a happy client and what qualifications makes him a qualified builder/civil engineer ?? Apart from obviously attending some construction events, probably in the capacity of a waiter or common guest wearing a tuxedo ! if its that one, everybody here is a builder now !!

So lets go back to the main discussion and forget serial underachievers !


I heard about the Dangote refinery, now the land around that area is not so expensive but one of the things that I think anyone should do is visit the place and see whats actually happening if its possible. There are so many second hand news flying around.

I have some questions/thoughts.

* With the crash in world oil prices, would it still be beneficial for Dangote to continue ? Crude is forecast to drop to around $20 a barrel from almost $100 3 years ago ? And from the picture below, I dont know how much Dangote has spent so far.

* Infrastructure development has been known to take time to materialize in Nigeria ? Refinery talk has been ongoing for over 3-5 years now, from the picture below I only see dredging that has not gone far !

* What happened to the Airport in Lekki ? Last I heard is that they are clearing site, this is almost 2 years ago now. Anyone know anything about this project ?

* The cost of building in the Refinery area is not much different from that of other areas in Lekki, of course it can be cheaper if you follow the brabus route, rob Peter to pay Paul, steal from Peter and use his materials to construct for Paul, so as to keep prices down. You will all notice there is no denial from brabus, nuff said !!

* A professional surveyor went to the refinery area and took the photos below on my behalf this week, so credit to him.


* Obviously, I wouldn't expect anyone to make investment decisions just off the back of pictures etc, go there if possible and do your own research and take calculated risks.

Now I am not saying its a bad investment nor do I qualify as an investment adviser or overnight builder like BRABUS, Yahoo Boy With Shovel ! YBWS

brabus:


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?

Bro Brabus,
Good points raised,but the same principles are are applied everywhere in the world,20 years ago my wife father bought house here for 88k punts then,today that house is selling for 1.4million euro,I have so many of such stories.

I know 1004 as at 20yrs ago how many people can afford it then?.Good for the old man but I don't think that he did well for 55m in 1004 after 20yrs.

Yes,am glad that you've been to my ikotun mansion,I know it's not worth it,it was purchased on my absent.Still I'll be very cautious investing in an unstable economy such Nigeria.

euromilion:


Bro Brabus,
Good points raised,but the same principles are are applied everywhere in the world,20 years ago my wife father bought house here for 88k punts then,today that house is selling for 1.4million euro,I have so many of such stories.

I know 1004 as at 20yrs ago how many people can afford it then?.Good for the old man but I don't think that he did well for 55m in 1004 after 20yrs.

Yes,am glad that you've been to my ikotun mansion,I know it's not worth it,it was purchased on my absent.Still I'll be very cautious investing in an unstable economy such Nigeria.

Not like I am attacking Brabus, but if you read my post above to buttress your post. I already made the point that the guy says what most people already know.
So to a complete novice, it sounds like GOLD. But people are now wising up, and hopefully with the enlightenment on this forum, nobody should form MUGU to brabus again, well anyone that does has them self to blame.

brabus:


It's inside Lekki County Homes. I can link you up directly with mortgage house that will finalize the transaction.

No agency. The bank will even provide relevant assistance.

Call me for more information. +2348023429122 or email bosun@nexthomebuilders.com

You have mail

jaybee3:


Please provide more details as i might be interested

We can take it off NL if you want

Do you want to build a refinery?

jaybee3:


You have mail

Not yet seen.

jaybee3:


You have mail

I know that estate very very well like the back of my hand, and the house in question is one that Brabus was constructing before the owner ran into issues, I dont know the full story but it could well be that brabus defrauded the guy soooote he ran out of cash ! I would not be surprised !

Now, I can provide you with the details of the landlord association within the estate and some other prominent figures in the estate, and you can locate the details of the property for sale. Just try to avoid BRABUS, a word is enough for the wise.

Also, you can PM me and I can answer most questions you have about Lekki county estate, i have been somewhat involved in it for over 6 years now. So at least I can help you with info if you want it obviously, I also hope you are not thinking of building blocks of flats etc in the estate as its not allowed. I believe its either a single occupancy building or semi detached duplexes that are allowed depending on the size of the plot.

bebe2:


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 ?

Nothing really just that I am a little wiser now,I've learnt not to repeat the same mistakes twice,I've invested over 300k in Nigeria, but I ve nothing to show for it,I thank God that it wasn't borrowed,if not I would have been screwed.

Secondly,Am trying to keep your thread going for you.

brabus:


Not yet seen. Cc bosun.dav13s@gmail.com

Sent again

UjSizzle:

Do you want to build a refinery?

I want to either build or buy a mansion for you

mavverick:


I know that estate very very well like the back of my hand, and the house in question is one that Brabus was constructing before the owner ran into issues, I dont know the full story but it could well be that brabus defrauded the guy soooote he ran out of cash ! I would not be surprised !

Now, I can provide you with the details of the landlord association within the estate and some other prominent figures in the estate, and you can locate the details of the property for sale. Just try to avoid BRABUS, a word is enough for the wise.

Also, you can PM me and I can answer most questions you have about Lekki county estate, i have been somewhat involved in it for over 6 years now. So at least I can help you with info if you want it obviously, I also hope you are not thinking of building blocks of flats etc in the estate as its not allowed. I believe its either a single occupancy building or semi detached duplexes that are allowed depending on the size of the plot.

Thanks for looking out bro

euromilion:


Bro Brabus,
Good points raised,but the same principles are are applied everywhere in the world,20 years ago my wife father bought house here for 88k punts then,today that house is selling for 1.4million euro,I have so many of such stories.

I know 1004 as at 20yrs ago how many people can afford it then?.Good for the old man but I don't think that he did well for 55m in 1004 after 20yrs.

Yes,am glad that you've been to my ikotun mansion,I know it's not worth it,it was purchased on my absent.Still I'll be very cautious investing in an unstable economy such Nigeria.

I thought as much. One of the things I mentioned when making good real estate decision is to check the location and ask yourself a simple question. Can I live here myself?

People will always pick the best house on the block before checking on the alternative offerings.

_________
There's someone who's building a massive block of flat (7 flats to be specific) with parking space that can barely contain my dog (just 2.8m) and he's calling people fraud. Well we are watching with interest.


Whoever will pay 500k for a rent in Nigeria wants all the comfort that comes with such.

jaybee3:


Thanks for looking out bro

My PA just gave you the details. The owner is just an erring client like some people here. Who builds two houses when you don't even have fund to complete one? MUMU, I guess.

Well, you'll talk to the banks when you're ready. Is it my house they're selling? No!

I'm not interested in the sales bro. You signify interest. That's the reason I'm linking you up directly with the bank.


Attack the message and not the messenger.

Bro, sorry to hear that. I feel your pain but please remember its only money and you have good health ( I hope).
The same God that blessed with the 300K will bless you with double that amount to invest and make a nice tidy profit.

Remember, its only money. Life goes on

euromilion:


Nothing really just that I am a little wiser now,I've learnt not to repeat the same mistakes twice,I've invested over 300k in Nigeria, but I ve nothing to show for it,I thank God that it wasn't borrowed,if not I have been screwed.

Secondly,Am trying to keep your thread going for you.

bettercreature:
You will get screwed at last go to agent in Lekki or Ajah if you need help! most of the people on here don't know anything about building,i can help you to build 8 flats of 2bedroom each with less than 20million in ibadan which will generate you 1.2million naira,the one i built in ibafo is generating 2.4million naira,another advice is,if you actually have 20million naira cash please go and build hostel,i can help you to build 30 standard self contain to generate you 3million naira

In Abeokuta 30 rooms will generate #4.5m annually

jaybee3:


Sent again

Seen. Responded.

brabus:


I thought as much. One of the things I mentioned when making good real estate decision is to check the location and ask yourself a simple question. Can I live here myself?

People will always pick the best house on the block before checking on the alternative offerings.

_________
There's someone who's building a massive block of flat (7 flats to be specific) with parking space that can barely contain my dog (just 2.8m) and he's calling people fraud. Well we are watching with interest.


Whoever will pay 500k for a rent in Nigeria wants all the comfort that comes with such.

Haha
---------

Leave parking space for the owner to worry about, abi leave thrash for LAWMA !
You have not also denied being a FRAUD ! I mean I dont just call names, I back it up with facts all of which you cannot deny.

Maybe perhaps you should take a step back and look at your life and ask yourself these questions !! Just take a step back, seriously it will do you a lot of good.


When are you going to repent and stop stealing materials ?? Iron rods, cement, iron rings everything !
When are you going to stop lying ? Some of the lies self, even your dog cannot believe it !
When are you going to stop fetish things ? I mean, no more prayer stones or visiting BABALAWO !
When are you going to be straight forward with clients ?
When are you going to complete one house with a happy client ? You claim to be building houses but we have never seen one, you were the first builder that the client went on youtube to do a video on your shabby jobs and all. I will try get the youtube link.
When are you going to learn how to be a successful building contractor ? Perhaps a Saturday school from Spyder might help !
When are you going to stop sleeping police cells ? when you stop defrauding people, simple answer
When are you going to stop looking over your shoulder as to when officers are going to place handcuffs on your hands and feet ? When you repent perhaps !


#YBWS !

Yahoo Boy With Shovel !!

jaybee3:


I want to either build or buy a mansion for you

I hear.

UjSizzle:

I hear.

How come you can't just bring yourself to believing me?

Phew !!!

You think say i no get moiney.. Mind you, i drive a £28K ranging rover cash down!!!

befto:
Bro, sorry to hear that. I feel your pain but please remember its only money and you have good health ( I hope).
The same God that blessed with the 300K will bless you with double that amount to invest and make a nice tidy profit.

Remember, its only money. Life goes on

Oh no,there's no shaking,I ain't worrying about it,I just want diasporians to be well informed before they get carried away by sentiments,especially those of us that are not planning on moving back to Nigeria.

Thanks anyway.

How come no one is talking about Abuja real estates?

euromilion:


Nothing really just that I am a little wiser now,I've learnt not to repeat the same mistakes twice,I've invested over 300k in Nigeria, but I ve nothing to show for it,I thank God that it wasn't borrowed,if not I would have been screwed.

Secondly,Am trying to keep your thread going for you.

Tnk u o jare, am learning alot from it.

3strike:


How come no one is talking about Abuja real estates?

Ehh,

The fear of boko boys is the beginning of wisdom. Lol

On a serious note, I don't know abuja, never been there. I left nigeria before all the abuja hype started.