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Discuss Anything Property And Lets Make Money In The Process / Residential Building Construction Mistakes In Nigeria You Need To Avoid / General Topic Thread - The Roforofo Thread Of Construction Activities (2) (3) (4)
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by InvertedHammer: 12:18am On Jan 30, 2018 |
tobbyboy2011:| Keep extra N600k on the side for long stories a.k.a unforseen circumstances. | 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by InvertedHammer: 12:22am On Jan 30, 2018 |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by InvertedHammer: 12:34am On Jan 30, 2018 |
diordaves: You should also be worried about a case like this: http://saharareporters.com/2016/06/09/real-estate-developer-uses-mobile-police-abuse-tenants You start with one developer and end up with another who starts demanding fresh payments. Sadly, I know all the main parties in this transaction. It was very complicated because everything pointed to Aso Rock but nobody wants to add that angle to the story. The lawyers made the matter worse. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by InvertedHammer: 12:46am On Jan 30, 2018 |
EgunMogaji:/ I don't know which is worse: The house at N100m or the thought that N100m is only $286k / |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by InvertedHammer: 12:51am On Jan 30, 2018 |
/ Spyder880: Talking about estates, any status report on your Ugwuomu estate? What is the outlook in 2018? I know Buhari's time is not easy but it would be nice if you go do little gragra there once in a while to keep the spirit up. \ 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 12:59am On Jan 30, 2018 |
InvertedHammer: That’s approximately what I got at an approximated N350 rate. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by kopell: 1:15am On Jan 30, 2018 |
InvertedHammer:gragra no go bring money out of pocket oh. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by InvertedHammer: 4:11am On Jan 30, 2018 |
kopell: I understand. If there is anything one can learn from oyibo business, it is that they push cost-cutting measures to the limit. If it were to be an American builder, they will have a small nice office as big as a 40ft container with banners and flags leading to the site. This gives life to the property. But it seems that Spyder880 is building a 1-storey office instead. If there is any semblance of activities, some people may be pushed to start building. Some folks may even assist in mobilizing logistics to the area. Real estate development is very capital intensive which is why some corporations go through banks. Or in this case, Spyder880 could find very cheap and effective ways to stretch his fund. I wanted to chime in initially but knowing Nigerian business people and pretense, Spyder880 could have atleast N10 billion stashed in his account for play but will still come online to wail with us. It is all in the act. / |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 4:42am On Jan 30, 2018 |
InvertedHammer: This reminds me of a 1.5 acre that I had in Texas. Back in 2006 I was still waiting for others to build. I guess we were all waiting for each other. I did a map view and still no activity. I think most people are land investors, holding land until it goes up in value. This is why my ploy will be to do a very small estate, build and sell and then residual income is as property manager/homeowner association.
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Empiree: 5:00am On Jan 30, 2018 |
1 Like
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by InvertedHammer: 5:05am On Jan 30, 2018 |
EgunMogaji: / The bigger the estate, the bigger the problems. You will be dealing with people. The stories will be out of this world. / 3 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 5:13am On Jan 30, 2018 |
Empiree: Yeah,
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Empiree: 5:38am On Jan 30, 2018 |
EgunMogaji: |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Empiree: 5:40am On Jan 30, 2018 |
EgunMogaji:you so quick to dig up back taxes That's the way i bought mine thou back in 2013, the one i showed you 2yrs ago here. Back taxes was 3k and i paid it off and there was no major damage. Still has lots of potentials in it. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 5:44am On Jan 30, 2018 |
Empiree: I meant no disrespect, it is what it is. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 5:47am On Jan 30, 2018 |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Empiree: 5:52am On Jan 30, 2018 |
EgunMogaji:i know |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Rubbiish(m): 6:45am On Jan 30, 2018 |
GallantGalaxy:Thanks |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by spyder880(m): 7:11am On Jan 30, 2018 |
InvertedHammer: Funds has not been very easy for immediate development of the estate but I am still hoping to build something there within this dry season. I was in Ugwuomu yesterday to see the level of works on the new road approved for this town but some people has diverted the route to pass in front of the two universities in the town instead of passing directly from my estate entrance point. Caritas and Godfrey Okoye universities has done their magic on the governor. The good news is that the road is near to another entrance point to my estate, and I bought lands leading to that side of the estate. Work has started on the roads as many equipment are on ground already. Properties in Ugwuomu is appreciating so much because of this road and investors are looking for lands everywhere. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by spyder880(m): 7:26am On Jan 30, 2018 |
InvertedHammer: This is a good suggestion Sir but a waste of funds in the long run. It will be better to deck a two/three room office with facilities and later build the top of the house than build a bungalow as you described since it might be removed by the time real development starts. I thought about it. About advertisement, we are working on that, but the roads are very vital to the push towards the area. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by bigrovar(m): 9:13am On Jan 30, 2018 |
twinskenny:can u please expatiate on the above. You mean I should use just white/yellow cement and I should not mix white + normal cement? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 2:04pm On Jan 30, 2018 |
“Italian town Ollolai sells $1 homes to lure new residents“ http://www.cnn.com/travel/article/ollolai-italy-one-euro-homes/index.html |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Melahou(m): 2:45pm On Jan 30, 2018 |
Please Engineer and building in the house... what is the likely estimate for the under listed for a 4 bed room bungalow and 2 single room and parlor and a gate house. Location is awoyaya. 1. Pegging of the foundation 2.Digging and Blinding 3.Welding work for the raft and pillars 4.Bricklayer & casting of the raft 5.Carpenter to box the raft |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by erico2k2(m): 3:05pm On Jan 30, 2018 |
EgunMogaji:No with shovel,head pan and trowel |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Empiree: 4:01pm On Jan 30, 2018 |
EgunMogaji:chai, there got to be reason this is fast becoming a ghost town. Anyways, whatever the reason, I had take the offer and buy majority of the estate. With time when people are gonna get attracted to the town, man, I would be billionaire. It is good to have insight. This happened in Detroit to Arab man. I went to buy stuff from him last December. I noticed he has moved across the street opposite where he was when I was there early last yr. I asked why he moved and he said rich people bought the entire building. He said he had opened his shop in that building for 20yrs when the entire building was only 20k and he had been living in the area since 60s. I said he should have thought of buying the entire building back then and by now, he would be millionaire. Was it bcuz of money at that time?. He said he had money and he was even better off that time than now. But he never for once thought about buying the building. The entire building was purchased for USD 6m last yr. I am smarter than that. With money available I would have used that opportunity to buy the entire building. By now I would rent out for supplement income. He feels so pained when I said that. Now white people took over and bought entire block (it is long building in the entire block for 20k in the 90s now 6million in 2017). The entire building was almost abandoned and partly boarded early last yr. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 4:08pm On Jan 30, 2018 |
erico2k2: But I no be Bricklayer apprentice now. I be apprentice to Oga Director |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 4:09pm On Jan 30, 2018 |
Empiree: Real estate is the way. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 4:11pm On Jan 30, 2018 |
Empiree: What do you know about D town? It is crazy but be careful IF I have put all my money in D town, I was not willing to take high risk I miss out on the new houses that was toward downtown on Woodward Sad but blessed |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Empiree: 4:17pm On Jan 30, 2018 |
EgunMogaji:I tell you man, it is. It is fun. Even during dull moment you still make money. and this building in question is in downtown. That's lots of potentials. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Empiree: 4:20pm On Jan 30, 2018 |
GoodFaith:the building in question is located in downtown on Woodward. It is not smart of you to put all your money in one basket. C'mon now, that's not a good business strategy. I don't do that. You gotta spread. But then, can you afford new houses? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 4:22pm On Jan 30, 2018 |
Empiree:If you have invested $1m in estate in MI six year ago today ur $1m is about $5m |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 4:26pm On Jan 30, 2018 |
Empiree: How do u know I put my money in one basket, U can't fail with estate? With the prices year back It was like ford motor stock was $1.75 |
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