sonnie10:


This is really good. Not any more would you see a good house of $300-$350k in cali. And you must have refinanced 2 years ago, because interest rate now is about 6.7%

1stGenAmerican:
All it takes is solid steady income, good credit, and a good relationship with a bank or credit union.
The guy in question could’ve done it several ways. He could’ve purchased a home that already had a large amount of equity and tapped into that. He could’ve taken a bank loan, he could’ve had a lawsuit and settled, he could’ve done several things.

onegig:


I always like to do the maths.
N250,000,000/750=$330,000.
That's at 750 naira exchange rate

That's $330k net in 2 years i.e earning average of $14,000 per month. To earn $330k in 2 years you must earn net of $167,000 or gross of $260,000 per year. That's average of $125 per hour working 8hours per day non stop for 2 years. Let's even assume they do two jobs i.e 16 hours per day. That's $62.5 per hour. I can't wrap my head around two jobs that pay $62.5per hour that you can do consistently for two years without issue and not have mental breakdown.

Let's assume it's a 2 income home. That's $130k for each partner. Seems doable with two incomes without any SPENDINGS. And you stated that's not the only project they have.

Except that friend of yours and their spouse works in IT or Health or sales where they net $300k yearly then i call bullshit at their stories except they have other incomes they have not yet disclosed to you. Maybe import cars? Even that isn't profitable given the inflation in the west in the last 2 years due to covid. That friend is into fraud or is absolutely lying.

Edited. Just read the submission of others on the thread.

So take loans at what interest rates? 4.75%? Maybe 2 years ago when it was 0.25% i can understand. It was like free money but the cash flow doesn't even make sense. From a finance perspective that person would have to invest in Nigeria and make money in Naira to pay back such loans. Or probably they have it for long term and intend to use their US earnings to pay such loans back. Extremely risky but if you don't take risks. You can't earn. No one should try this at home.

seanwilliam:
bro , if you can prove to me that learning Tech will earn me such amount of money in two years, then I will start learning tomorrow. I’m ready to learn and pay if you don’t mind .



500m is not a small money ke.

BigDawsNet:


The average salary for a Software Engineer in US is $142,000 - $170,000 depending on your years of experience

I know people here in the States with just High school certificates... they have degree... they only woke up one day and decided to start learning coding online... Today dey make that amount easily...

Tech is the new oil here in North America and EU, Asia even some African countries....

No dull bro... pls learn... I take God beg you

Emetex22:
,
Especially in the San Francisco Bay area, it is crazy, I guess I was lucky

xandy84:
Everybody keep talking about doing tech jobs as if all tech jobs pays $100k and let's agreed you land 3 tech jobs that pays $300k annually. How much do you think you will pay in taxes? More than $50k and when you file taxes and uncle Sam sees you doing multiple jobs, you will be surprise how much they ask you to pay back.
I have been wondering about this too... What's this tech this tech that jobs all about?

xandy84:
Everybody keep talking about doing tech jobs as if all tech jobs pays $100k and let's agreed you land 3 tech jobs that pays $300k annually. How much do you think you will pay in taxes? More than $50k and when you file taxes and uncle Sam sees you doing multiple jobs, you will be surprise how much they ask you to pay back.

Emetex22:

My friends makes mor, I came here 2010 after NYSC for master but ended up staying. Most nurses at UCSF makes over $110 an hour lol, I am not kidding lol.
My wife is a nurse practioner and makes close to 450k a year

BigDawsNet:


Me I'm not telling you that you will make 500m in 2years... I said you will make average of $142,376/yr as Software Engineer and $103,000/yr as a UI/Ux designer...

Tech is our Oil here...

seanwilliam:
even if him Dey sell plumber thing e no fit Dey gain 80k pounds per week bro . Abi no be pounds wey dem Dey spend in the uk ?? I no get

kingsolomonjnr01:


I have been wondering about this too... What's this tech this tech that jobs all about?

sonnie10:


Not really luck, then there was no money and the housing market was buyers market. Everyone that bought around 3-4 years ago is sitting on a lot of equity now. But the thing is, if its your primary residence, you have nowhere to go if you decide to cash out.

Emetex22:

We bought before COVID hit, 450K home and refinanced at 2.5% compares to average of 5-6% now, house is worth close to 900k, equity shock me 😆, that's y I said I was lucky.

YorubaSamurai:
Africans are easily deceived lol

BidenDTrounce:
It's an overcompensation for inferiority complex.
Most people are disappointed when they get abroad. For most people, the stories/movies they watched about abroad and what actually happens when they arrive are two different things.
They feel unaccomplished in the abroad, they're mistreated by the host country, they face barriers and obstacles and they're left depressed.
The coping strategy is to oppress those they left at home by exploiting popular propaganda about the abroad because it helps them feel better about themselves.

OgaTheTop2:
Irumole So, you had to create a thread because of my jeje submission on another thread

250milla is just about $350k. So, that's too much for you to achieve in US within 4 years. Well, we don't do same job. One thing I will say, you will never know what you can achieve if you don't try. And please, do not take me out of contest Go back and read my post very well

Falcon84:


Sense full your head bro

Many of them are actually struggling

He thing is, how can one be so pyschoathic as to lie and even be defending such lie

Emetex22:

My friends makes mor, I came here 2010 after NYSC for master but ended up staying. Most nurses at UCSF makes over $110 an hour lol, I am not kidding lol.
My wife is a nurse practioner and makes close to 450k a year

sonnie10:

You had more than 20% down then.

HaneefahRN:
The person only spent two years abroad and already did all those? Either he is giving you cold zobo or he has another big side hustle legal or illegal he is into