WhichKindWahala:
He said deplux not duplex sir

SirJohn:


Bros which part of Nigeria did your friend build duplex for 7m in 2015?

peacengine:


Nice one bro. How can I start investing in Tbills? I'm using Stanbic and GTB for savings, do I use Morgan capital or I can go direct to a bank?

Comeandcollect:
The advantage of T-Bils over Real Estate v The advantage of Real Estate over T-bills for small/medium/high scale investors


T-bills v Real-Estate
1. T-bills yields upfront interest i.e you get your interest payment straight away and use it for other purposes.

2. It is guaranteed 99% you will get your capital back upon maturity.

3. The period of interest payment is fixed i.e if your interest at purchase is 15 % , it stays the same.

4. Your only asset is your capital.

Real Estate v T-Bills
1. The risk of buying a genuine plot of land to develop without being duped by dubious Nigerians is 50%.

2. The estimated purchase price of a piece of land increases drastically after paying fees, entitlements, commissions etc.

3. On average it takes two years to develop a piece of land to living standard in most parts of Nigeria, within two years T-bills investment for any investment must have yielded a lot money.

4. Problematic tenants that owe you rent after paying two years advance payments destroys the initial aim.

5. You tend to have a physical asset i.e a house whatever happens and be known as landlord.

Agbaletu:

He said it was built in 2004 at 7MN, but sold for 35MN in 2015.

awesomeJ:

I'm still working on my fears concerning real estate.

But I would like to point out that if you put 7m into T-bills in Jan 2004, by Dec 2015, it would have amounted to 37m, assuming a compounded annual interest of 15%. (in late 2015 t-bills returns were below 11%, but in 2017, they were above 22% so 15% average is somewhat realistic).

Meanwhile there was this research earlier this year by Investment One or so, that showed that buying GTB shares with 7m in Dec 2008, your total returns by Jan 2018 would have been 77m.

I still have real estate on my radar though.

awesomeJ:

I'm still working on my fears concerning real estate.

But I would like to point out that if you put 7m into T-bills in Jan 2004, by Dec 2015, it would have amounted to 37m, assuming a compounded annual interest of 15%. (in late 2015 t-bills returns were below 11%, but in 2017, they were above 22% so 15% average is somewhat realistic).

Meanwhile there was this research earlier this year by Investment One or so, that showed that buying GTB shares with 7m in Dec 2008, your total returns by Jan 2018 would have been 77m.

I still have real estate on my radar though.

Agbaletu:

You just need to calculate very well. Once you see an area that has the potential for future development, just lock your money there. I miscalculated in one of my plots that I bought somewhere in Ogun, but the one in Abuja is appreciating every month. The one in Nasarawa is depreciating everyday.
Sometimes, you can have your fingers burnt. I bought a plot in 2010 somewhere close to Abuja in Nasarawa State, I was shocked when I learned that the current price of a plot in that village is just 200K. I bought it for 250K from NSCDC Cooperative.

Comeandcollect:

Yes go to proper Banks direclty and make a request.

awesomeJ:

Thanks for sharing sir.
Obviously, speculating with land is the deal, not just building for rents. Anyone here has a good experience with rental income?

Meanwhile has anyone noticed that CBN didn't get to sell all the 364-day bills they auctioned yesterday. They weren't too willing to move up rates.

Agbaletu:

You just need to calculate very well. Once you see an area that has the potential for development, just lock your money there. I miscalculated in one of the plots that I bought somewhere in Ogun, but the one in Abuja is appreciating every month. The one in Nasarawa is depreciating everyday.
Sometimes, you can have your fingers burnt. I bought a plot in 2010 somewhere close to Abuja in Nasarawa State, I was shocked when I learned that the current price of a plot in that village is just 200K. I bought it for 250K from NSCDC Cooperative.

WhichKindWahala:
I submitted a request at GTBank on Tuesday.
But I’ve not been notified of anything till this moment .
Please tell me how it normally goes
Anyone
Thanks �

ahiboilandgas:
that olden days people investment...i have a rental property of like 30m value it a 4 unit 2 bedroom and gives 1.5 m annually.. 3 tenant paying up 1 idiot chap defaults,I still spend like 100 k on the property for maintenance is not a very good investment ...if na South the property dey I for don turn am to hotel

peacengine:


Bro, did you ask questions to check why it's depreciating?

awesomeJ:

Thanks for sharing sir.
Obviously, speculating with land is the deal, not just building for rents. Anyone here has a good experience with rental income?

Meanwhile has anyone noticed that CBN didn't get to sell all the 364-day bills they auctioned yesterday. They weren't too willing to move up rates.

ahiboilandgas:
that olden days people investment...i have a rental property of like 30m value it a 4 unit 2 bedroom and gives 1.5 m annually.. 3 tenant paying up 1 idiot chap defaults,I still spend like 100 k on the property for maintenance is not a very good investment ...if na South the property dey I for don turn am to hotel

Comeandcollect:
Rental income in Nigeria is very discouraging apart from places like Lekki Phase 1, Elegushi area, Banana Island and some parts of Abuja.

Your property valued at N30m yielding rental income of N1.5m/annum will comfortably n currently give you return of N3.3m/annum with TB but no regrets you have a fixed asset i.e a house.

I am a fan of Real Estate but the last thing i will do is to use my hard earned money and build a property for people to owe me for even one day. TB's liquidity, stress free and flexibility makes it worthwhile.

Also, the exposure that come with real estate is something most people don't like to deal with, as soon as you build a one bedroom flat everyone sees you as a boss and bring their problems to you not knowing you deprived yourself certain things to improve your financial capacity.

T-Bills is a good start even Barrack Obama invests in the US Treasury bills, it is good to start with T-Bills and when you have enough cash go for Real Estate but only in a developed area, depending on your level of patience you could also buy in places with potential to develop but it's very risky.

NL1960:


This is a big issue. I went home for xmas and one young guy that is lecturing has a rental property in the location where he lectures. The news was all over that he has a rental property. My sisters were all indirectly asking me why i do not have. I had to ask them that it seems the rental property of the guy was aired by CNN, BCC and co for everybody in the village to know of it. I can imagine the number of calls that guy will be receiving by now. As for me, whenever anybody that calls me, i just say 'you know we are in Buhari times' and that is the end of it or they will say just give me anything and i will just send one small amount. If i had a rental property, all of them will calculate and wait for when i collect the rents. It seems once you have a rental property, everybody knows about it.

eromosele1986:
Lol, pls house when will the next primary market auction take place.

GODAKPAN:


U can become a billionaire from savings, it depends on how much you save. I drew a 20yrs plan to become a billionaire from savings and remain richer ever after.

ahiboilandgas:
luv ur strategy !is it by continues investment and compounding treasury bills ?I tried to see when a billion with come out if 30 m was used for 20 year showing around 500 m