bogolobango:
@yomi007k

Sowi whats treasury bill i dont stay in nigeria can u pls explain to me

Moses247:
Lol Just Incase We Forgot, This Is Not A Real Estate Thread ooo biko, it's Treasury bills ooo...enough of this real estate stuffs.

coderXO:


It is worthwhile to know the pros and cons.

Some are sounding as though TBills are fool-and-error-proof investments.

Trust me, in some cases and a weak economy, you are just offsetting price inflation at the end of your bill/bond term.

caesaraba:


You will agree with me though that a lot of people know the pros of real estate, however, if we are being practical as regards this thread and a lot of us, there aren't that many who can readily raise the high capital required to develop profitable real estate and still "stand well" (if you get my meaning) for the short/medium term.
T-bills work for a lot of folks (minimum risk/hassle-free) and if more people were informed on how it worked, many would gladly go with this form of investment.

coderXO:
@mekaboy, @carpenter

Let's go ask Dangote if he has any Ghana or Nigeria bonds.

Ghana pays 23% on my last checking.

Nigeria pays 14%.

Or better yet, let's ask them which they hold more since they have financial experts managing their money.

If any of us NL know's Dangote, Otedola, Adenuga's people abeg make una ask them what they own more of.

Physical assets or paper investments (not including stock).


Don't even get me started.

This time last year $1 was N160. Today it is $1 to N220.

Mr Adenuga put in $1m at N160 = N160m , at 13% for a year October last year. He gets back N180m today

N180m today is currently $900,000.


I needn't say more.

carpenter:


Oga if you have a striving business, you should be investing your money in your business not bonds or T-Bills or even shares of other companies...that's the way it works.

I don't expect Dangote to be investing his money in another man's business unless he is planning a takeover.

coderXO:



Thus, those here putting money into these bills here should be putting their money into their businesses rather.

coderXO:



Thus, those here putting money into these bills here should be putting their money into their businesses rather.

carpenter:


Sure if I have a business that is doing well (% profit that is better than bonds, TBills and all), why would I be investing or borrowing my money to the government for 15%...not even for 50%.

It is a game of numbers. Infact i would gladly be borrowing from the bank @ 23-27% than be investing my money for 15%

Alikote:
I bought a land in 2004 for two plot 75 by 50 sqm 720 k and 800 k In a undeveloped gra in kano fast forward 2015 I sold one for 7 million last year my neigbour sold his for 10 million in 2012 and my childhood friend bought several for 250 k from his inheritance in 1997 but we where lucky a singular act of government building a road change the prices the area was allocated In 1987 but only phase one that had some few road the was built so is a combination of luck and risk taking ,cos I als bought one around 2004 in another area for 620k after 2 year I diffcultly sold it for 650 k but now it will be like 3 million . hence study the area for prospect of future development this study is key in 10 year you can hit a 1000 percent which tb can never give


don't buy in already staturated area cos the land is at is peak value then expect u want to build for rent or accommodation
buy developing area with prospect the watch you investment multiple like mowa axise etc


treasury bill are also good they can return 150 percent in 10 year so best strategy buy land which good future prospect and invest in tb or bonds to maximum benefit

coderXO:


Funny analysis. Still not correct.


Consider you start living in your built house, that is (minimum) N1m no longer goes to rent you were paying landlord. Over 5 years, that is N5m saved plus your property appreciation itself.


Let's assume that you already had a house; at the very least a N10m house should fetch you anywhere between N800k - N2m annually depending on location, by renting out. Then add that to your 10% appreciation.

And trust me, property does not appreciate linearly.

They don't compare.

coderXO:


Fees in property are typically 5% or less when you enter high millions.

A 10m budget can build you (2), two-bedroom flats, and definitely will not rent at less than 400k each in a good area.


Bonds, Bills, Property: all good to invest granted that you do your due diligence. But none compares to Property.

If bills/bonds are so tasty, why aren't all the world's billionaires flocking to put money into them? $10m will fetch you a cool $1m per year won't it?

And lets not forget, governments do default on debt.

Give me your comeback on that one.

carpenter:


Property investment is over-hyped. Most landlords make between 4-6% per year and that is if the house is always occupied. House maintenance, selling costs, bank loans if any...eat up all the profit. You will need to be very objective and punch in your numbers.

The ones that make money are agents, lawyers, banks, builders/developers and marketers.

ukay2:



my close friend built 6 (a room and parlour) apartments in one of the south estern states at cost of 8million naira....he bought the land (100 by 100)at 1million naira 2 years ago.

He built the 6 apartments in half of the plot(100 by 50) last year...rented each apartment@150k per annum(I.e#900,000 in a year).
The tenants are gladly paying for their rents yearly and praying for the landlord because the apartments are built with a TASTE.


He pays 30,000 to his Lawyer annually and Axxa Mansard insurance coverage 25,000 annually.

The 6 apartments values currently @12million naira.
The remaining half (100 by 50) values at 1.5 million naira today.
He plans to build 10 similar apartments (5 up and 5 down) in a storey building in the remaining half plot....calculate the annual income he will be getting ....for life

He still have other undeveloped plots of land that are appreciating in values.

He is still very active in FGBONDS and NTB and other investment, but he makes mega money in his real estates.
Good real estate investment is not comparable to FGNBond and NTB...

IF YOU'RE NOT GOOD IN REAL ESTATE, DON'T CONDEM OR BELITTLLE IT.

olujaidi:


Capital appreciation is good. Cashflow is better

timothy001:
@yomi007k

A Family friend bought a house for 35M...He hardly earn 2m Annually..I think real estate is over hype.Even to dispose real estate isn't easy . Diffrent tenant stories , pleading then finally they park.

christinie:
What's T-bill?

coderXO:
I like the debate.

For the fellow who mentioned a stock, that is not applicable in this argument.

A good stock will pay dividends, and can as well appreciate in value to 100% to 200% to whatever.

Likewise, your stock can be worthless just as fast as it shot up.

---

When I grow up, I will have more property than anything else. That's me. That's where I'm headed.

---

It is very risky to hold too much "paper" especially of an unstable currency.

Physical assets, you hardly can go wrong.

christinie:
What's T-bill?

manie:
I am sure you are older than 18 years old, do not wait till you are old before you start investing in real estate, I was a teenager when I opened my first bank account in 1985 and as a 200 level student at UNILAG I bought my first shares in 1992.

manie:




Where exactly is the project located, 6 apartments on half a plot who approved such a building plan. What about set-backs, playing areas and car park for the tenants.

timothy001:



@Manie How do you sale stock , I heard it difficult to sale except you see someone who want to buy!.

inze:


. . . really ?

Royal155:
If you've not been to south east do not dispute that at all. Because around my house at BUILDING MATERIAL INTERNATIONAL MARKET OGIDI, you'll buy a plot and half and erect two 4 storey building flats on it, yet tenants are happy paying 10-13k monthly .

manie:
Then I doubt if land will sell for N2 million in such an area, the money used to deck the twin 4 storey building is higher than N2 million per floor.

Royal155:
Near the market, land is quite costly but you can get a plot for 1m at a town away from the market.

The point i was actually trying to make is that it is very possible to erect twin building at a plot depending on the size and competency of the engineer.

inze:


. . . really ?

yomi007k:

My Lady, jus read the thread from the beginning. U'll get all d anwsers u need n lots more.