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“The real test is not whether you avoid this failure, because you won’t. It’s whether you let it harden or shame you into inaction, or whether you learn from it; whether you choose to persevere.” – Barack Obama

The president knows a lot about failure and success. The Affordable Healthcare Act was more than once dead in the water, but the president didn’t give up. He compromised, he convinced and he labored, but not once did he allow himself to become embittered.

“Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it.” – William Durant

There is only the present, so the enlightened ones tell us, and we cannot allow ourselves to become tied to the past or enchanted by the future. There is only the here and now. We must concentrate on that and act. This quote doesn’t reject the lessons of the past or the plans for the future, but we only have this moment, so do your best in it.

Why wait when you can start today, Call Stella on 08139956915 for more info on the estate and site inspection

“You only have to do a few things right in your life so long as you don’t do too many things wrong.” – Warren Buffett

The idea of right and wrong is a construct, of course, and it might feel overly simplistic to suggest that making the right choices will smooth the path forward. But the famous investor is merely noting with this business quote that avoiding a wrong decision is as important as making the right one. Avoiding bad decisions is aided, of course, with careful planning.

“Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous

. “Wise spending is part of wise investing. And it’s never too late to start.” Rhonda Katz

An investor without investment objectives is like a traveler without a destination.” Anonymous

Invest in yourself, you can afford it, trust me.” Rashon Carraway

“An investment in education is an investment in our future.” David Wasinger

“To be a successful business owner and investor, you have to be emotionally neutral to winning and losing Winning and losing are just part of the game.” Robert Kiyosaki

There’s no shortage of remarkable ideas, what’s missing is the will to execute them.” – Seth Godin

Writer and former dotcom businessman, Godin is saying that talk is cheap, but in a nicer way. Yes, ideas are a dime a dozen, but the real meat on those bones comes from trying to realize them. It is only then that the problems show up and the real work of resolving them starts.

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired and success achieved.” – Helen Keller

People should take failure as a badge of honor. It’s a crucible that burns things down to their essence and shows us what we’re really made from. If the path to success was clear, then everyone would be one it and success would lose all meaning.

“Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it.” – William Durant

There is only the present, so the enlightened ones tell us, and we cannot allow ourselves to become tied to the past or enchanted by the future. There is only the here and now. We must concentrate on that and act. This quote doesn’t reject the lessons of the past or the plans for the future, but we only have this moment, so do your best in it.

“If you want to be truly successful, invest in yourself to get the knowledge you need to find your unique factor. When you find it and focus on it and persevere your success will blossom.” Sydney Madwed

“You only have to do a few things right in your life so long as you don’t do too many things wrong.” – Warren Buffett

The idea of right and wrong is a construct, of course, and it might feel overly simplistic to suggest that making the right choices will smooth the path forward. But the famous investor is merely noting with this business quote that avoiding a wrong decision is as important as making the right one. Avoiding bad decisions is aided, of course, with careful planning.

Landlords grow rich in their sleep without working,risking or economising".~John Stuart Mill..

Still on sale, For more information on this product Call Stella Ayomide on 08139956915 and Site inspection
Site inspection takes place on Monday to Friday 10am & 12pm

“Earn as much as you can, save as much as you can, invest as much as you can, give as much as you can.” John Wesley

“Sometimes your best investments are the ones you don’t make.” Donald Trump

“In any investment, you expect to have fun and make money.” Michael Jordan

Joint venture agreements have become an increasingly popular way to develop real estate in Africa. This is especially true in prime cities such as Abuja, Accra, Johannesburg, Lagos and Nairobi, .

Due to limited funds, land owners seeking to develop their properties may look for partners to finance development. These partners may be financial institutions, private investors or real estate development companies.

In this article we will discuss how joint ventures work in the real estate industry, using Nigeria as an example. Despite this, the basic principles of a joint venture (JV) remain the same throughout the world.
What is a joint venture in property development?

A joint venture involves a process whereby two or more persons form a partnership where they jointly undertake a project and see it through to completion. By forming such a joint venture, the parties involved hope to mutually benefit and profit from the resulting transactions.

Joint ventures are not just limited to real estate but can be undertaken in various other industry verticals, where companies stand to benefit.

For example, in real estate, one party may have land but doesn’t have the technical expertise or experience to see it being developed. Hence the land owner may seek a partnership with a party that can bring in that expertise to see that property built.

Other examples of joint ventures include:

A mother with capital and a son with real estate experience: partnering together

A builder, an architect, an interior designer and a financier: collaborating

Two people with similar skills and resources: co-founding a company

Joint ventures are not always as simple as the examples highlighted above. They can get very complex with multiple parties involved, each bringing something to the table.

How real estate joint ventures work

In Nigeria, joint ventures are focused on land owners and real estate developers.

The key aspect of the joint venture model in property development is that, a land owner contributes his land towards a project, while the developer’s responsibility lies in getting approvals, actual construction and marketing.

Developing a property in Nigeria is an expensive process, so outsourcing these costs to a seasoned developer is advantageous to the land owner as the owner is able to potentially profit more than if he had sold the land undeveloped.

The money that can be expected to be returned to the land owner can come in a variety of ways and is often a combination of such. Depending on how the deal is structured, the land owner may receive an upfront payment, a share of revenue accumulated or a share of the developed properties.

The property developer profits as they would not have had to put money down to purchase the said land for development, before eventual sale. In essence, initial costs for the developer are significantly reduced and the building process can be quickened. Thus making it a win-win situation for all.

The basis of the partnership is formed on a mutual agreement between the land owner and the property developer to develop a plot into some form of defined real estate: apartments, houses, malls, offices etc. Where the two parties are to share the developed properties, land owners often get between 20-50% of the built up area while the builder is entitled to the rest.


The land owner must give the developer permission to develop his lands by given them a power of attorney. Furthermore, Lawyers must be hired to acquire all the appropriate approvals from the government.

How the profits from a joint venture are calculated and shared

Factors that dictate profit sharing agreements include: land cost, location, how much of the land can actually be built on (floor area ratio), approval costs, land clearance costs, interest rates and proposed project time frames.

The bigger the plot the higher the land valuation, land with good road access together with those located on corners also means higher prices.

Construction and land clearance costs are those to be incurred by the developer. While the potential value of the properties to be developed are calculated using current market rates and trends.

With regards to the cost of approval, this includes any fees related to building permits and providing infrastructure such as water or electricity.

Further, plot owners must factor in any loss of rental income. For example, some plot owners rent out raw land to mechanic workshops.

Once all these factors are taken into consideration a calculation can be made and an appropriate profit sharing agreement can be agreed between the owner and developer.

How to find joint venture deals

The main methods of finding joint venture partners include:

Friends or family

Real estate professionals

Work colleagues

Your extended network

Real estate listings

It is important to note that joint ventures are fundamentally built on relationships. The stronger your relationship with a prospective partner the easier it will be to strike a deal.

When it comes to real estate joint ventures, working with an estate agent is perhaps the easiest and least stressful way of finding a deal. This is true whether you are a land owner looking for a developer or a developer looking for a land owner. Real estate agents have the necessary expertise and contacts to broker a deal that leave both parties happy.

Final thoughts

Joint ventures are a great way of funding property development in Africa. It is usually a win-win situation for both parties involved: the land owner and the developer. The most important thing is to have a good knowledge of what these deals actually involve and how agreements are structured.

While joint venture can be profitable, if your knowledge is lacking or you rush into things without being fully informed of all the variables, you can potentially lose money.

For a developer, the alternative to a JV is buying land outright and then developing it from scratch.

Culled from villaafrka dot com

Dry Lands in gated estates @ibeju-lekki are readily available....Call Stella Ayomide on 08139956915 for detailed briefing and site inspection

“Never test the depth of the river with both of your feet.” Warren Buffet

“To be a successful business owner and investor, you have to be emotionally neutral to winning and losing Winning and losing are just part of the game.” Robert Kiyosaki

“In any investment, you expect to have fun and make money.” Michael Jordan

Dry Lands in gated estates @ibeju-lekki are readily available....Call Stella Ayomide on 08139956915 for detailed briefing and site inspection

“Whether you think you can or whether you think you can’t, you’re right!” – Henry Ford

This statement might confuse at first, but once you get it, like a Zen koan, it makes perfect sense. What the father of automotive automation is imparting with this quote is that success is as much a mind game as it is determined by fate. With the right attitude you can do almost anything.

Call Stella Ayomide on 08139956915 for further inquiry on this amazing product/offer and professional advice on Real Estate investing.

“An investment in education is an investment in our future.” David Wasinger

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired and success achieved.” – Helen Keller

People should take failure as a badge of honor. It’s a crucible that burns things down to their essence and shows us what we’re really made from. If the path to success was clear, then everyone would be one it and success would lose all meaning.

“The rich invest in time, the poor invest in money.” Warren Buffet

“Earn as much as you can, save as much as you can, invest as much as you can, give as much as you can.” John Wesley