₦airaland Forum

na wao, u packed alot of this money before starting the project. I envy u oooo

forget all that. there is not benefit of suffering

av really learnt one or two from u guys. keep the ideas flowing

I met my babe in service too and we av bn married for almost 5yrs now. NOTE we are from two different ethnic groups. this for me is one dividend of NYSC

av u got sound 00/01corola for less than 350?

that mutual funds is so-so weird. the only organisation that have a Twitter account but won't reply to ur twits even if u DM them. so useless. I can't wait for my policy with them to expire

sorry to derail ur thread a little sir. I wish to ask sir, for a young guy who wishes to get mobility at cheapest maintenance cost of parts, petrol and general maintenance, which would u suggest he goes for bw corolla 2000 and Camry of same yr. Both are Nigeria used

congrats bro. whats ur expenses like so far

Obie234:
Please let's limit exposing sensitive informations here, we've spoken about this time and over again. We mustn't come here to spill out every breaking news in the commission. I believe there are private groups out there to join to discuss sensitive informations. How many organisations have you seen on nairaland discussing about their day to day activities? Please it is unethical let's acts as professionals. Thank you

av said it though. am not an inec staff but what u are doing is against public service rules. learn from the NIMC guys. as soon as recruitment ended d lucky guys among them locked up inside. u will hardly read any nimc stuff on d internet

hotmas911:
now i see. Since having a farm is not real estate then having an hotel is as well not real estate. SMH
Donald trump is a real estate billionaire but does it through hotels casino and golf courses. It is obvious you guys don't know much in terms of real estate. You think buying and selling is investment??

I think hotels dnt fall into real estate but hospitality

there is this guy I had a discussion with on which is better between a corolla 2001 and Camry of same year for a guy who just wants movement from point A-B. his points are that corolla parts are more affordable, less fuel consumption, durable, and can survive manhandling by Kazeems. what do u think abt this? note it's just for city movements

very educating. guys are so loaded wit info that am so enjoying varying aspects of it. thank u all

what am taking from dis is dat we all need to go green. Go agric and stop importation of food items

I appreciate all views so far! but isn't eleven yrs so long a tym to break even in investment?

hotmas911:
@ Yak, we can always learn from eachother.

An example of worthy investment is cashew
plantation. Check what
4.5million will yield in 16 years on a rental
property compared to
cashew plantation in the same period
A) Building a 3-bedroom apartment in a low-
cost area
Building cost--Approx. 4.5million naira
Average yield per year---250,000naira
Time of cost recovery----16years
Returns in 16 years----1 old apartment and
4million naira
B) Investment in Cashew
Land + cultivation------Approx. 181,000 naira per
acre
i.e. 4.5million will guarantee minimum 24 acres of cashew plantation.

***Starting from the first 4months, returns will start coming in through intercropping with short term crops like grains, vegetables or some selected tuber.***

cashew itself starts fruiting in 3years
1 acre of cashew will yield average of 600kg per
acre annually i.e.
14,400kg in 24 acres
Therefore in 16 years, it will yield 14,400kg * 13
which is 187,200kg
(approx. 187tons)
At the average price of 240,000naira per ton-----
187tons in 16 years means 44,880,000naira
So tell me a rental property of 4.5million that will
yield over
44million in 16 years i.e. over 2.8million annually
as returns.

Note: This yield is aside from the short term crops of the first two years.

am really loving this.
on d other hand, if u build a house, u can remove your eyes from it, visit once in a while. but d cashew plantation would need ur physical presence and employment of hands. I have tot abt palm plantation but I dnt av d time to giv to it cos am in a full time job

hello OP how is the project faring? am asking because I want to learn from ur experiences as am considering developing somthing in d nearby Abeokuta

hotmas911:
Commercial property investment like residential apartments is for those who choose to play safe. It is a game for those who value security over freedom. There are better ways to invest in real estate than just building apartments for rent. But if done through a good mortgage plan it might be a good investment.
I love getting more with less. There are other real estates plans with the potential of generating invested amount as yearly return. For example you can invest 3.5 millions like the OP said and be making about 3.5 million annually from same or be making 200k like the in rental property. It's a case of thinking outside the box. Which do you want security or freedom.

sir, can u please educate us more on this

I can c this thread is growing gradually and am learning quite a lot let me hope more ideas will flow in

dere is no update on this since 2015 August. y

I blame PDP and GEJ for this

am not teaching u how to market ur guds, but pictures and price will attract ppl

Keneking:
Ok.

I suggest that they use this in the swearing in of the PM of Nnamdi's country. Nonsense

kebbi vs Nnamdi Kanu, av u eva seen a Nigerian map?

Fellow Nairalanders, av bn thinking this in my mind and I decided to throw it open to the public: does building a commercial house especially residential a competitive investment judging by what u spend building the apartment and what u eventually get as rent.
for example, u spend say 3.5m to build a 2bedroom Bungalow. on a rent of 200k, it wil take 15years or so to recoup meanwhile I estimated that rent may go up every 5yrs. So, lets look at it 2geda

madukovich:
Nothing really significant except when you consider that the 9" blocks are more expensive.



Besides, if you decide to use a 6" block to raise the building, it is trite to lay the foundation with 9" blocks for stability sakes, for instance.

thanks, am thinking that since its just bungalow, there shld not b any problems if done with 6"

wat determines if u use 9'' or 6'' blocks in 3bedroom bungalow?

GRACE TO U MR SPYDER

KolaShangOne:
You really tried with the calculations but it's not correct sir. It's over.

u mean his estimate is more than or less than?

location?

Mikel scores

loopman:
I thought Joanthan turned those roads and all the roads in the SE into 10 lanes highway. I Just realized that in term of infrastructural developments, he was a failure over there too, I then wonder the reason for the fanatical support you all gave him.

my broda, I neva voted for either GEJ nor PMB. I felt GEJ failed me as a man also thought the south east wont benefit from the govt of PMB. SONAYA all the way