Properties › Re: Fraudulent Guerilla Marketing Of Dominion Estate Must Stop by Sprumbaba: 6:15pm On Apr 13, 2013 |
blancason: I'm disappointed that lawyer vented out the way he did....i mean, how can you claim lands sold without full title must be fraudulent...that sounds ignorant (meant no offense) as people buy land from omonile all the time and work towards getting full title in due course.
Properties with C of O are less than 1% of the propertiesa in Lagos at least. Getting a Cof O is an expensive venture and shoots up the cost of property astronomically, leaving it out of reach of so many. What is important, i think, is for the buyer to do his due diligence in finding out if the land he is interested in is committed by the government or not. If the land is commited, then its a big no no, if not, you can get the land (if the land is not in contention from several parties) and process the title.
A wise and shrewd investor can make a killing and grow his asset base by seeking out cheap lands (usually with little title), do his due diligence for non committance by government, process some of the titling and sell with a very wide margin.
An event occured in my office (happens all the time with people who are not risk takers, and end up missing an opportunity). One of my senior colleagues saw a flyer advertising a land on a desk and took another look at it. after a few minutes, he just shouted " i cant believe this"..when asked what the matter was, he grunted that the land being advertised for 8 million now was shown to him by a friend who was an agent for him to buy @ 2.5 mill about 3 yrs ago. The friend pointed to him that the gazette was not out then but was in the works. He said he couldnt take the risk and he declined....same land is now selling for 8 million. Funny, the land is now within a fully serviced estate @ Olokonla, near ibeju lekki ( Falling Rain Estate)
What a wise man should do in cases like this is to seek out the promoters, meet with them and find out if they are reliable or not, do your checks on the documents they have and whether the land is commited to any project. Its ridiculous to suggest that buying or selling land without full title is fraudulent.
Lawyer's vent reeks of selling his brand as a reliabble look out lawyer ( i have great respect for him though) and his take suggest that he doesn't have a broad view of how land transactions have been working. It is not a very wise and informed opinion towards generating signifacnt appreciation....simple business logic; buy when its cheap..add value...sell at margin.The work is in your due diligence, your level of risk determines the profit you make. If you want no risk at all, please invest in treasury bills. I am sure you are part of those selling lands without a verifiable title. What you stated here does not make any sense.I will rather buy a land that is expensive with good document than buy a cheap land without document. Just to point are you fail to understand a simple write up by lawyer (I dont know how you pass exams) . The said dominion Estate has No Approved Site Layout as required by Lagos State, Has no File number at Alausa towards the gazette shiit. Why would you start selling lands based on omoonile receipts. If you had lost money to this fraudsters in the past, you wont come here to display you ignorance just to be heard. You better go to Jokes and love forums. |
Christianity Etc › Re: Pastor Adeboye: A Jet is Necessary For God's Work by Sprumbaba: 5:08pm On Apr 13, 2013 |
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Celebrities › Re: M.I Abaga's Black Mercedes CLS Stolen In Abuja by Sprumbaba: 10:32pm On Apr 12, 2013*. Modified: 11:27pm On May 12, 2013 |
3 |
Properties › Re: From Paper To Brick: Construction Of A Semi-detached Duplex by Sprumbaba: 4:09am On Apr 12, 2013 |
I actually dont like casement window. I can mix and match in my building sha.Casement upstairs, Sliding downstairs. |
Properties › Re: success by Sprumbaba: 1:59am On Apr 12, 2013 |
I think I know the place. A very lovely developed Estate. What document do you have? |
Properties › Re: A Tastefully 4 Bedrooms Detached Duplex For Sale In Vgc, Ajah, Lagos State Pixxx by Sprumbaba: 1:57am On Apr 12, 2013 |
Dont forget the 10% tithe. |
Properties › Re: 2 Plots Of Land For Sale@magboro in a gated estate by Sprumbaba: 1:55am On Apr 12, 2013 |
So the estate has no name? |
Properties › Re: Lekki Garden House For Sale! by Sprumbaba: 1:54am On Apr 12, 2013 |
Used or New. |
Properties › Re: Virgin Half Plot Of Land @ Isheri by Sprumbaba: 1:33am On Apr 12, 2013 |
SO, no document other than receipts? |
Politics › Re: There Will Be More Power Outages - Nebo by Sprumbaba: 6:20pm On Apr 11, 2013 |
Good news. |
Properties › Re: success by Sprumbaba: 8:55pm On Apr 10, 2013 |
shigothang: 3 plots of land @ Arowojobe estate @ 25m .Pls call 07034582119. Email: shigothang@yahoo.com, BB pin : 30b2decc are the plots swampy? |
Properties › Re: A Thread Strictly For Floor/wall Finishings- Tiles, Marble Etc 2013 by Sprumbaba: 8:06pm On Apr 10, 2013 |
I know a lot about floors, solid hardwood floors, Engineered hardwood floors,Porcelain tiles, Ceramic tiles, Granite tiles, Marble and travetine. We had talked about all these on Nairaland in the past with some other forum members. |
Investment › Re: House Flipping In Nigeria by Sprumbaba: 7:39pm On Apr 10, 2013 |
Not a good business for our environment. You must have lots of capital to do this. |
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Properties › Re: Ketu House Rent Fraudsters -Developer, Hakeem Olarenwaju Garba by Sprumbaba: 5:42pm On Apr 08, 2013 |
bomega4u: @ egbe4real, Drop his office address. He don run comot. |
Properties › Re: Ketu House Rent Fraudsters -Developer, Hakeem Olarenwaju Garba by Sprumbaba: 4:49pm On Apr 08, 2013 |
How did you get the picture? |
Properties › Re: Daniel Makinde Ketu House Scanmer (pix) by Sprumbaba: 4:46pm On Apr 08, 2013 |
This should be on the front page. |
Food › Re: A Picture Of A Snake Soup In A Pot by Sprumbaba: 2:01pm On Apr 08, 2013 |
Ponmo soup |
Properties › Re: Re-Development Process Of A 5 Bedroom Detached House In Lekki Phase 1 by Sprumbaba: 11:04pm On Apr 07, 2013 |
NICE FIXER UPPER. |
Properties › Re: Ecoroofing!!! by Sprumbaba: 10:59pm On Apr 07, 2013 |
WHICH KOREA? NORTH OR SOUTH? |
Properties › Re: Contact Me For Your Swimming Pool Construction (PICS Inside) by Sprumbaba: 10:45pm On Apr 07, 2013 |
BUMP |
European Football (EPL, UEFA, La Liga) › Re: Chelsea Vs Sunderland (2 - 1) On 7th April, 2013 by Sprumbaba: 4:23pm On Apr 07, 2013 |
Kaxmytex: Nid 1 more goal For Chelsea or Sunderland? |
European Football (EPL, UEFA, La Liga) › Re: Chelsea Vs Sunderland (2 - 1) On 7th April, 2013 by Sprumbaba: 4:18pm On Apr 07, 2013 |
babakaka: Goallllllllllll Evrytin is lookin nice for arsenal..... Not anymore. |
Properties › Re: A Plot Of Land For Sale By Owner At Agungi, Lekki Peninsula. by Sprumbaba: 10:13am On Apr 07, 2013 |
savanto: SOLD! Dont forget to pay your Tithe. |
Properties › Re: House 4sell At Akute Back Of Fcmb Bank Price 12.5m 08038580001 by Sprumbaba: 10:11am On Apr 07, 2013 |
Ppp |
Properties › Re: 450sqm Serviced Land For Sale @ Beechwood Estate,lekki Express Way by Sprumbaba: 3:32pm On Apr 06, 2013*. Modified: 4:04pm On May 10, 2013 |
f |
Properties › Re: Building A Bungalow In Lagos by Sprumbaba: 10:59pm On Apr 05, 2013 |
trust101: I tried to do same but just gave up because is too heavy and am not there to receive it so that's how i lets go of the ideal and base on people here on nairaland tiles is more cheaper and i can testified to that because last week i sent my people out to see what the price looks like before i can finally give up. I was pleased to with the price. Just to give you an ideal of how much they are sold for. The attached tile was bought for less than #800 per sqm 40cmx25cm let me get home.I will post some pictures |
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Properties › Re: Building A Bungalow In Lagos by Sprumbaba: 10:02pm On Apr 05, 2013 |
trust101: Thanks and May He help you too. Don't worry everything will take care of it self when the time comes so trust God. I wished too because i will not have to work for some shipping guys Nice to see my people around  NYC. How una dey cope with your Tax? |
Properties › Re: Building A Bungalow In Lagos by Sprumbaba: 9:44pm On Apr 05, 2013 |
payless: How much did you ship all your tiles to Nigeria? What company did you use? It is a continuous shipping because there are many projects. I stock and ship when there is no space in my garage. I use 2 companies in Texas.I have 3 pallets (2 pallets of 20 by 20. 1 pallet of 16 by 16) now and I hope to buy some more. |
Properties › Re: Building A Bungalow In Lagos by Sprumbaba: 9:23pm On Apr 05, 2013 |
trust101: Sprumbaba WHAT DID YOU DO ABOUT TILES OR WHAT ARE YOU THINKING ABOUT IT? I bought everything here from both floudecor and Home depot. I bought some wood floors at Lumber Liquidator. I shipped them by pallets. The consolidation shipping price was from $200 to $300 and this depends on the height of the pallet. The 13 by 13 tiles has more height that 20 by 20 tiles. |