NL1960:


Is Gas business that really better?. In Lagos, so many filling stations are now dispensing gas. You buy the amount or KG you want. People now prefer to go to such because it is dispensing and not weighing that small gas outlets do. I cannot remember the last time in the past 5years that i bought gas in a gas outlet, I refill from filling stations. 8

emmanuelewumi:

te author=ahiboilandgas post=120415218]like i said bro you are Missing out due to your dislike for illiquid asset ( I also don't like illiquid asset ) investors then to learn ! Am surprised dangote still buys asset! In kano Mudasir bought the large union home and union bank building on igbo road for 300m . I taught he was stupid what will a textile Merchant do with such large building (rents =bullshit) he converted and remodel it to Mudasir plaza a 1 stop plaza for everything a bride's needs from furniture! To textile , kitchens items. He change the textile markets narrative .From going to crowded markets to buy textile in dust and sum now he shop in a nice ,aircondition well plan Mall and plaza . His sale quadriple and the 300m used to purchase the union home is back ! Due to this upgraded by him several banks also follow suits Taj bank ,SunTrust, union bank and now tenate in the plaza .So instead of selling you grandma property In Lagos as an investor you could have improved on the land by building a plaza with shops and selling example land plus 100m to build a plaza of 20 shops ( 170m) the sell each for 18m ×20 shops =360m .



As per my grandma's property we are 8 and we have different interests.


The investor who bought the property can't do anything on the land for the next 12 months, i am currently assisting him to procure a letter of administration as mama did not have a will, this will take minimum of 6 months.Tenants want a payout of N4 million for compensation and settlement. Who does that?

Apart from that the income is not predictable coupled with a low rental yield of just 5%.

My share from the property was invested immediately and will give me a minimum predictable cash flow of 13.5% per annum

ahiboilandgas:
everything Lagos na war ! No space to even set up properly! The small gas store now used a compressor to refill too is powered with gen or light. with electronic wigh. He sold target a location where the income is average and a walking distance to the refill shop ! A man on a budget will not drive with 350 per litre petrol to buy Gas of 3k . he need to target a particular market (neighbourhood ) as a small player .

NL1960:


In Lagos, most landlords are only sure of the first rent when the tenant is moving in. After the first year, it is war to get the tenant to pay. Some tenants will be paying piecemeal.

emmanuelewumi:

te author=ahiboilandgas post=120415218]like i said bro you are Missing out due to your dislike for illiquid asset ( I also don't like illiquid asset ) investors then to learn ! Am surprised dangote still buys asset! In kano Mudasir bought the large union home and union bank building on igbo road for 300m . I taught he was stupid what will a textile Merchant do with such large building (rents =bullshit) he converted and remodel it to Mudasir plaza a 1 stop plaza for everything a bride's needs from furniture! To textile , kitchens items. He change the textile markets narrative .From going to crowded markets to buy textile in dust and sum now he shop in a nice ,aircondition well plan Mall and plaza . His sale quadriple and the 300m used to purchase the union home is back ! Due to this upgraded by him several banks also follow suits Taj bank ,SunTrust, union bank and now tenate in the plaza .So instead of selling you grandma property In Lagos as an investor you could have improved on the land by building a plaza with shops and selling example land plus 100m to build a plaza of 20 shops ( 170m) the sell each for 18m ×20 shops =360m .



As per my grandma's property we are 8 and we have different interests.


The investor who bought the property can't do anything on the land for the next 12 months, i am currently assisting him to procure a letter of administration as mama did not have a will, this will take minimum of 6 months.Tenants want a payout of N4 million for compensation and settlement. Who does that?

Apart from that the income is not predictable coupled with a low rental yield of just 5%.

My share from the property was invested immediately and will give me a minimum predictable cash flow of 13.5% per annum

unite4real:


Your effective yield could top 15% when you compound this

Wiseman456:


Please in filling a form for a Commercial paper, what do they use the TIN (tax number) for? Apart from remitting the 10% WHT to government, is there any other use for it especially if one is a civil servant.

emmanuelewumi:




90% of the property in Nigeria don't have certificate of occupancy, deed of conveyance and other valid titles.


Cash flow is the Koko, while waiting for 10 years for the land to appreciate you need money to harness other opportunities and create more wealth.


The man who bought my late grandma's property I sold few weeks ago for N70 million, made his money from the stock market and profit from his business.

He actually made a 4 bagger from Guinness within 5 years ie bought at N15 and sold at over N60. Planning to build a warehouse on the land with the plan to recover his capital in less than 10 years.

skydiver01:
Kindly find below the NTB auction results for 25 Jan 2023

Plus10:

This rate is damed poor even after raising MPR rate to 17?

ahiboilandgas:
Gas business better ! The keke is a depreciating assets and need money from the cash flow to maintain! GAS returns the capital and profits back to you the Gas have expansion potentials , easy to manage . If you make 100k from keke .just know that 30k will go back to the keke .

emmanuelewumi:




Will you be the one running the business or you want to employ people to manage it for you

emmanuelewumi:



Iquote author=ahiboilandgas post=120519364]effect of Naira redesign. Over 2.5 trillion has found it ways back to the bank only 700 bn left now ! So it a better tool to control money in circulation than high t.b rates which only captures around 20 percent ! After the deadline and money starting circulating again rate will go up .



I think the cashless policy has come to stay. I doubt if the Naira outside the banking sector will be higher than 25% again

Franky826:
Oga ahib and oga Emma are back?
I'm definitely returning here too

Tohmey:
Good day to you all, please help and recomend a legit fixed deposit platform that can yield up 15%-18% per annum with a minimum of 1,000,000

DigitalMallam:
None that is legit. Your best option for now is to go for commercial papers

Tohmey:

Bro, which one is commercial paper

DigitalMallam:

None that is legit.
Your best option for now is to go for commercial papers

RayRay06677:


Minimum investment in CP is 5m

asskush:
Hello Folks,

Now that starlink is in Nigeria, is it the right time to offload MTN shares ?

asskush:
Hello Folks,

Now that starlink is in Nigeria, is it the right time to offload MTN shares ?

emmasoft:


ISPs and other competitors have been in Nigeria all this while and they could not stop MTN to soar and attain greater heights.
The coming of starlink will not pose any issue for MTN the market is large enough.

asskush:
Hello Folks,

Now that starlink is in Nigeria, is it the right time to offload MTN shares ?

FEGEITOK:

MTN 5G requires a 50,000.00 capital outlay to use.

Starlink requires ( I am told, but I haven't independently verified, a N240,000.00 capital outlay to activate.

Not many Nigerians can afford the later.

Hope this analysis is useful.

There is a market for both companies.

FEGEITOK:

MTN 5G requires a 50,000.00 capital outlay to use.

Starlink requires ( I am told, but I haven't independently verified, a N240,000.00 capital outlay to activate.

Not many Nigerians can afford the later.

Hope this analysis is useful.

There is a market for both companies.