Stats: 3,191,322 members, 7,943,810 topics. Date: Monday, 09 September 2024 at 03:22 AM |
Nairaland Forum / Nairaland / General / Properties / Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! (56750 Views)
A Yoruba Developer, Stephen Akintayo, Buys Land For Real Estate In South-East / Artisan Who Survived Ikoyi Building Collapse Reveals What He Did / *property For Sale At Festac Town* 7 Bedroom Ensuite Mansion House 3 Living Roo (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (12) (Reply) (Go Down)
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by bilulu(m): 3:12pm On Nov 25, 2019 |
salford1:Make sense.... you see them working two jobs and they even hardly sleep in the house they re paying property tax and mortgage on 3 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by bilulu(m): 3:13pm On Nov 25, 2019 |
Tina26:Anty you do what’s best for you |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by bilulu(m): 3:14pm On Nov 25, 2019 |
EgunMogaji2:Only trying to make it clear to those in Nigeria how things work so they won’t get depressed and think it’s all rosy down here 3 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by femi4: 3:24pm On Nov 25, 2019 |
obailala:If you do statistics in school, you ll know that the percentage of people achieving success in a sane clime is higher when compares to those living in Nigeria 2 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by 0monnak0da: 3:29pm On Nov 25, 2019 |
bizzibodi:Why argue foolishly Are you in the UK or you just want to do I too know Houses are built with cement blocks and the exterior covered with bricks . Educate yourself and stop being a nuisance |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by sonnie10: 3:30pm On Nov 25, 2019 |
itsme01:The interest rate part is not true. If you include the 4-5% interest rate over 30 year for a conventional mortgage for that amount, it runs in millions |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 3:32pm On Nov 25, 2019 |
naijadrivablog:This is not the US< our tax is PAYE, U will never owe tax if you are employed |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by cococandy(f): 3:33pm On Nov 25, 2019 |
bilulu: None of this is true. If you’re paying mortgage on a house, it’s yours. You can sell it and get bank the money you’ve already put into it. And the bank resells the house to someone else. The hard part about getting a house is saving up the down payment. Which for a decent house with a minimum of four bedrooms and 2-3 bathrooms in good location is anywhere from 30-80 thousand dollars. Once you have your down payment saved up and a good credit history, it’s easier than renting. If I live close to those on mortgage? ![]() That was funny 4 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by cococandy(f): 3:34pm On Nov 25, 2019 |
That’s how you know many posters on NL just type and post. No real first hand understanding of what they are posting on. sonnie10: 2 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Rubyventures: 3:41pm On Nov 25, 2019 |
naijadrivablog: Why should he? Nigeria is an investment killer. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Rubyventures: 3:47pm On Nov 25, 2019 |
tot: At least instead of paying rent he will be paying off the mortgage to the bank and increasing his ownership percentage. 2 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by itsme01: 3:47pm On Nov 25, 2019 |
sonnie10: the 10% i quoted isnt the intrest, its just the money you pay down.. the intrest monthly after moratorium yearly would still run into huge amount |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Bobrisky1: 3:48pm On Nov 25, 2019 |
[s] itsme01:[/s] |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by birdmansoho: 3:49pm On Nov 25, 2019 |
bilulu: Where compared to Nigeria? Canada or the UK? |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Rubyventures: 3:52pm On Nov 25, 2019 |
salford1: It is also called a town house in the UK. 1 Like |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by obailala(m): 3:52pm On Nov 25, 2019 |
maxiuc:This mindset is one of the foremost reasons many people aren't prospering in Nigeria; a lot of people believe they must be involved in illegality before they can prosper. That's the reason we glorify thieves and fraudsters and look up to these characters as role models. Your mind controls your destiny! 2 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Fhemmmy: 3:56pm On Nov 25, 2019 |
I like the story and may God continue to bless the dude, but he needs to spell it out to people that 1. Not for everyone and not everyone will be able to buy a house within those period 2. He needs to let people know he has NOT paid for the house cash but bought on mortgage because if we go based on his savings history . . . He has been in the UK for lets assume 2.5 years and that means 30 months and if he has been saving between 500 to 1000 Pounds monthly . . Lets pick an average of 800 Pounds monthly That means 30 Months * 800 pounds = 24,000 Pounds and i am NOT sure if that will buy a house cash. So while i love his zeal, people needs to always paint the proper picture because these are few of the reasons why parents and people back home think that people pick money on the street and thinking after three years he bought a house and they will start to value the poor dude on what isn't paid for yet. 3 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by tot(f): 3:56pm On Nov 25, 2019 |
Rubyventures: Yes true, but my point was that some people must have assumed he bought the property cash down. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Prettychichi21(f): 3:57pm On Nov 25, 2019 |
is he married?? ![]() he's my spec ![]() |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Hwy95: 3:57pm On Nov 25, 2019 |
WHy people no get sennse ![]() When you have a verifiable job with verifiable income and some money for a deposit, anyone can easily secure a mortgage to buy property in Oyinbo land. [/size][size=8pt][/size][size=8pt][size=8pt][/size] The mortgage loan is a collaterized loan. Miss a few monthly payments and you lose the collaterized proprty ( house, car, boat, furniture, etc ). However owning a home in a developed country is a gateway to wealth |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Fhemmmy: 3:57pm On Nov 25, 2019 |
maxiuc: That is a lie from the pit of hell . . . It is OK for you to say that "Some of the people" NOT all the people . . . There are lots of people i know in Nigeria that are doing extremely well and they are not of questionable character, as a matter of fact, there are lots of those doing well in western world that are of questionable character. 2 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by 0monnak0da: 3:58pm On Nov 25, 2019 |
Simple logic if you buy a house on Mortgage, put a tenant in it and he pays rent which pays the mortgage you are investing Anything else you are speculating |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Prettychichi21(f): 3:59pm On Nov 25, 2019 |
Fhemmmy: sas u do math ontop anoda person money ![]() hustle o |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Fhemmmy: 4:00pm On Nov 25, 2019 |
Hwy95: Wonderfully and smartly said . . .Anyone that want to create wealth in the western world MUST be in real estate |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Fhemmmy: 4:03pm On Nov 25, 2019 |
Prettychichi21: It is called educating our people BUT if you are offended by the math, please forgive me 2 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by obailala(m): 4:04pm On Nov 25, 2019 |
OGHENAOGIE: femi4:A system that works profits many, but whether a system works or not, many people can still prosper with the right mindset, discipline and hardwork. As bad as the Nigerian system is, there're still many who prosper. Conversely, as good as the UK system is, there're still many who haven't prospered so once again, it's an individual thing! Unfortunately, many people limit themselves with this defeatist mindset that they cannot make it because the system is bad. Some believe they can never prosper except they leave the country or resort to criminality (with the belief that only those involved in illegality make it in Nigeria). At the end, you are a product of your mindset! You are a product of what you believe! 1 Like |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Rubyventures: 4:04pm On Nov 25, 2019 |
lakesider: Where are they working? Says who? 1 Like |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by sonnie10: 4:06pm On Nov 25, 2019 |
cococandy:The question of rent and mortgage which is better is one that I had diligently considered in the past. Mortgage wins especially when you have long term plans. Say you rent a decent 3 bedroom for $1800. All that money will go to a landlord who obviously has the house by mortgage. You are only helping someone else to build equality. But when you have a mortgage on the same 3 bedroom house of say $250k, you might be paying the same or just a little more depending on your initial down payment. Here are some of the benefits; Part of the monthly payment goes to Principal which builds your equity on the property. You can rent out a spare room for almost $500 a month You get tax credit at the end of the year Property value would increase over time even after a recession if you are able to keep Most importantly, home ownership creates stability to family life and ensures a decent, personalized lifestyle. 5 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by googi: 4:08pm On Nov 25, 2019 |
Thank God there are enough Nigerians here that know enough about these places abroad that are still strange to people at home. It is wicked to come on line to spread misinformation so that others can break their neck getting out. 2 Likes |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by cococandy(f): 4:08pm On Nov 25, 2019 |
Of course mortgage definitely wins renting. sonnie10: 1 Like |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by SYLVESTER777: 4:10pm On Nov 25, 2019 |
sLentlover7778: |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by birdmansoho: 4:13pm On Nov 25, 2019 |
grandstar: You’re well informed. A house this size in London should be around £500k which will put it mortgage down payment at £50k. I live in London and my mortgage of 2bed apartment is is £350k and just about same price of this house. But just a flat in shared building. 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (12) (Reply)
CONTEMPORARY & AFFORDABLE BUILDING DESIGNS/NIGERIAN HOUSE PLANS STORE / America’s Most Expensive Home, The $139 Million Gold Plated Mansion In Florida / What Is The Weirdest Rule A Landlady/Landlord Has Ever Given You?
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 50 |