true2home:
Oga Sir, I will advise you to stick to what you are good at doing. Its ok to explore your options but if it will take away from your strong deed, abeg, concentrate your energy where you are the best. The sky is your limit already, be patient and remain honest and some kids will read of one SPYDER880 some day.

emmanuelewumi:



This is quite dicey. The person who owns the land owns the property on it.

Whose name did you buy the land?

Did you buy the land in a corporate name? Are you going to allocate shares in this company to the buyers of the apartments based on the number of apartments owned?

What is the expected rental income from this property?

Just asking

whirlwind7:


No one is asking him to do anything different from what he has already been doing.
He can confirm to you that he has a lot of videos that he made while travelling interstates. Videos he has not uploaded online. Informative videos.
Now, he once uploaded one of such videos on YouTube to show the direction to an estate his company embarked upon years ago.

So, all he needed to do is create a dedicated channel on YouTube, and upload videos he believe are relevant and helpful to his business.

In simple terms, advertise more. For free. All it takes is data subscription, and the time spent uploading them, which he can do at his leisure while chilling at home or at his favorite tombo joint.
I don't think this requires further explanation. Not in this digital and online age of driving businesses.

spyder880:


The property was bought on the landlords name and not a company name, but I get your point about how the owners will relate, especially where it concerns ownership and control of certain amenities like parking space and water/electrical bills, maintenance of the house etc.

This is why I am more interested in now selling this house as a whole unit to one landlord instead of selling to several people. If there is only one landlord, control of tenants become easier with cautions or quit notices, where there are 12 owners, you can imagine the scenario.

I am in talks with 3 persons on the final selling cost.

whirlwind7:


Chineke meee!

Did you say IF IT WILL NOT TAKE TOO MUCH TIME??
Bia, nna anyị... don't be old school. You should have a YouTube, Facebook, Instagram handles at least. I am aware of a blog you created one time. Something called amazing viewpoint or so. Visited it a few times too.

Every serious business must have an online presence now. Imagine how Jeff Bezos made $13billion in ONE DAY! Online, nwokem. Online!!!

YouTube will afford you to make cool short videos to give more info that pictures can't give.

Wait. Hold on. You did upload a video years ago, when you started out with Tigerkenn estate at Ogbeke Nike or so. You made a video while driving from Nike Lake resort to that site. Remember? Without trying to make lengthy descriptions or putting up pictures which may not give the full details, a short video (with a voice-over narration) will do the job.
All those times you drive around some developing and newly opening locations that would be suitable for new estate schemes, just make videos along the way. Keep doing just that. Next, enquires will begin to drop in, asking you for more details concerning certain areas you drove by, and opportunities for businesses opens up through you.
You also post links to your channel on your nairaland handle....
So, why say if you have the time, when you have already done something along that line before?

You must create a dedicated YouTube channel. MUST!!

spyder880:


The property was bought on the landlords name and not a company name, but I get your point about how the owners will relate, especially where it concerns ownership and control of certain amenities like parking space and water/electrical bills, maintenance of the house etc.

This is why I am more interested in now selling this house as a whole unit to one landlord instead of selling to several people. If there is only one landlord, control of tenants become easier with cautions or quit notices, where there are 12 owners, you can imagine the scenario.

I am in talks with 3 persons on the final selling cost.

spyder880:
We are very close to closing a deal on this property.

spyder880:
This house is still available for sale. Interested buyers should call or WhatsApp 0803 335 0750.

Thanks.

Sarang:
This is looking awesome so far.

What other type of approval did you get for this, legally

Fhemmmy:


Bros at the top, the house is NOT for sale but rather the unit . . .BUT if you would like to sell the house at a cost stated, i am game oh

spyder880:


All of the approvals needed by the state and local governments were obtained.

Sarang:



Can you mention some and is this applicable to building everywhere

spyder880:


My Oga, it's been such a long time Sir. How business and family?

true2home:
something like this

jbigdeal:
Oga spyder can you please make a youtube channel for yourself, you will get a lot of views and subscribers. Thank you for bringing us great contents. I enjoy your good works.

Abudu2000:
a good tin u are not an architect or engineer lol

true2home:


The Irony is that I am a Civil Engineer...LMAO

spyder880:
Our plan is to fit all the items needed at this stage, plumbing pipes and window hoods before dismantling this scaffolding bamboos.

jbigdeal:


Pga would you say it is now at least 60% complete? If not then what stage would you say it is in now? At majority complete.

emmanuelewumi:



More like it.

Big money men and organisations need to consider REIT.

Real Estate Investment Trust in Nigeria.

We have just three in Nigeria and that is quite meagre for the population.


UPDC REIT with residential and commercial property worth over N28 billion and N4 billion in liquid assets.

Union Homes REIT with residential and commercial property worth over N10 billion and N500 million in liquid assets.

SFS REIT with residential property worth over N2 billion and N400 million.


I have a million units of UPDC REIT and paid me a rental income of 580k last year..


I hope more private equity Investors with billions of Naira investible funds will consider massive real estate investments provided rental income will pay back the amount invested in less than 15 years