ojesymsym:
I hear say Dangote non de pay well o. FCMG industries are like that though. Yes, you are spot-on, most income brackets target those kind of apartments.

i really dont know buy my friend the group commercial director earn 40m annually plus a house in ikoyi plus a new pajero jeep ...he was the former m.d of ashaka cement

ahiboilandgas:
i really dont know buy my friend the group commercial director earn 40m annually plus a house in ikoyi plus a new pajero jeep ...he was the former m.d of ashaka cement

The outgoing CEO of Dangote cement earned over N400 million per annum excluding certain benefits and allowances

But going to build several nice apartment in mowe or ikorodu and several off locations who are the potential clients...non ..where are the jobs around those area to support 600k annually rent perpetually.....so an investor must think like the customer.....

ojesymsym:
I hear say Dangote non de pay well o. FCMG industries are like that though. Yes, you are spot-on, most income brackets target those kind of apartments.

Well well $19,726 per annum for experience hire

emmanuelewumi:


The outgoing CEO of Dangote cement earned over N400 million per annum excluding certain benefits and allowances

...engr joseph .....their is one Norwegians knut on 200m he has retire

ahiboilandgas:
But going to build several nice apartment in mowe or ikorodu and several off locations who are the potential clients...non ..where are the jobs around those area to support 600k annually rent perpetually.....so an investor must think like the customer.....

Ikorodu, yes no potential customer rent for a 3 bed room is about 100-150 depending n the location
Mowe, There are potential customers there.

Pascopele:
I disagree with you. You weren't tricked. @ the bolded Always allow professional(Lawyers, expert property managers) handle your property plus you wanted to make fast profit in short time. If I were you I will rent it out on 1.8m and increase after 3yrs.

They are all the same.

Do you know that the occupancy rate in Lekki is about 70%, there are a lot of unoccupied houses in Lekki and other areas.

Increasing your rent arbitrarily will make your investment to be fallow for a long time.

Pascopele:
Well well $19,726 per annum for experience hire

campanies just dont dole out money is what the cash flow can support ....my cement ware house can only pay 50k permonth to 3 staffs anything beyond that can affect the cash flow, profitability ratio (captial vs returns )

Alhaji, na were you know reach be that. I work with dangote refineries that my take home

ahiboilandgas:
campanies just dont dole out money is what the cash flow can support ....my cement ware house can only pay 50k permonth to 3 staffs anything beyond that can affect the cash flow, profitability ratio (captial vs returns )

emmanuelewumi:



They are all the same.

Do you know that the occupancy rate in Lekki is about 70%, there are a lot of unoccupied houses in Lekki and other areas.

Increasing your rent arbitrarily will make your investment to be fallow for a long time.

lekki /ajah is a wrong location for rental income cos the choice is wide and supply has pass demand ...u have to target areas with limited supply

emmanuelewumi:



They are all the same.

Do you know that the occupancy rate in Lekki is about 70%, there are a lot of unoccupied houses in Lekki and other areas.

Increasing your rent arbitrarily will make your investment to be fallow for a long time.

I agree with this submission, but you have more unoccuppied in Ikorodu axis. My friend has is house in Igbogbo, this is 4 year running nobody has come to rent the place.

ahiboilandgas:
lekki /ajah is a wrong location for rental income cos the choice is wide and supply has pass demand ...u have to target areas with limited supply

educate me Sir.

Nigerian

ahiboilandgas:
i really dont know buy my friend the group commercial director earn 40m annually plus a house in ikoyi plus a new pajero jeep ...he was the former m.d of ashaka cement

Pascopele:
Alhaji, na were you know reach be that. I work with dangote refineries that my take home

that terrible i taught is around 180k but that edwin how much the guy the earn?...but refinery is not yet operational so no cash flow....only expense...example if am Building a hotel ...the staff during construction will earn less than the once during operation

ojesymsym:
Nigerian

aboki with a bsc bussiness admin only

I think you should remove Ajah from your list, perhaps, what type of apartment then? If the same 2 bedroom apartment then Ajah and even lekki should not be in your list but if you are talking about duplexes then maybe yes for Ajah.

ahiboilandgas:
lekki /ajah is a wrong location for rental income cos the choice is wide and supply has pass demand ...u have to target areas with limited supply

Lol

ahiboilandgas:
aboki with a bsc bussiness admin only

Treasury Bills Rates May Hit 3% at Next PMA
https://businesspost.ng/economy/treasury-bills-rates-may-hit-3-at-next-pma/

How did you arrive at 180k. The guy used USD, that value is around 7m per annum meaning he earns around 500k per month.

ahiboilandgas:
that terrible i taught is around 180k but that edwin how much the guy the earn?...but refinery is not yet operational so no cash flow....only expense...example if am Building a hotel ...the staff during construction will earn less than the once during operation

Pascopele:
educate me Sir.

supply and demand ...how many house are available to let in yaba vs lekki ....this ration determines everthing.....the number of flat empty in 1004 estate only can equate the number available in hole of yaba+surulere+alaka etc....so if u use your 30 m to buy apartment in 1004 waiting to rent for 1.5m ....u go wait tire

hmmmmmmmmmmmmm

ahiboilandgas:
supply and demand ...how many house are available to let in yaba vs lekki ....this ration determines everthing.....the number of flat empty in 1004 estate only can equate the number available in hole of yaba+surulere+alaka etc....so if u use your 30 m to buy apartment in 1004 waiting to rent for 1.5m ....u go wait tire

ojesymsym:
They gave you money for shopping and you invested and compounded it? Please, do you have a sister like you?
This is a new one for me on Nairaland.

About 25 years ago, there was a taxi driver based at Eko Hotel. There was nothing like Uber, Taxify etc.

The taxi driver was patronised by expatriates, diplomats, business executives on the Island .

The man made a lot of money but was reckless with money and women. His wife formed the habit of stealing her husband money on a daily basis.

She used the money to buy a plot of land at Agric area Ikorodu Lagos, she built a bungalow of 2 flats and 4 shops in the front of the house.

About 3 years ago, the man's taxi business nosedived and finally collapsed because of disruptive technology in form of e-hailing and competition from the likes of Uber and others, the government had earlier destroyed their taxi park at Victoria Island.

Money was not coming as it used to, he could not meet up with his house rent, he could not replace the vehicle he was using for taxi and finally he was given a quite notice to vacate his apartment.

He tried to raise money for another house, all to no avail.

Until the wife who is a house wife cum trader, took him to a house at Ikorodu. He liked the house, he now asked the wife where would he get money for this house.

Until she told her husband that the house belonged to them. He asked where did she get the money to build the house, she told the husband that she had been stealing from the husband all the while and she invested the money on behalf of the family.

The husband postrated and thanked the wife, and asked the wife why didn't she steal more money from him he said he never knew that his money was ever stolen

There is nothing as good as having a frugal wife who is interested in the progress and future of her family.

Are you sure the person you quoted is working in Dangote refinery?

ahiboilandgas:
campanies just dont dole out money is what the cash flow can support ....my cement ware house can only pay 50k permonth to 3 staffs anything beyond that can affect the cash flow, profitability ratio (captial vs returns )

This is priceless.

emmanuelewumi:


About 25 years ago, there was a taxi driver based at Eko Hotel. There was nothing like Uber, Taxify etc.

The taxi driver was patronised by expatriates, diplomats, business executives on the Island .

The man made a lot of money but was reckless with money and women. His wife formed the habit of stealing her husband money on a daily basis.

She used the money to buy a plot of land at Agric area Ikorodu Lagos, she built a bungalow of 2 flats and 4 shops in the front of the house.

About 3 years ago, the man's taxi business nosedived and finally collapsed because of disruptive technology in form of e-hailing and competition from the likes of Uber and others, the government had earlier destroyed their taxi park at Victoria Island.

Money was not coming as it used to, he could not meet up with his house rent, he could not replace the vehicle he was using for taxi and finally he was given a quite notice to vacate his apartment.

He tried to raise money for another house, all to no avail.

Until the wife who is a house wife cum trader, took him to a house at Ikorodu. He liked the house, he now asked the wife where would he get money for this house.

Until she told her husband that the house belonged to them. He asked where did she get the money to build the house, she told the husband that she had been stealing from the husband all the while and she invested the money on behalf of the family.

The husband postrated and thanked the wife, and asked the wife why didn't she steal more money from him he said he never knew that his money was ever stolen

There is nothing as good as having a frugal wife who is interested in the progress and future of her family.

SMJay:
Are you sure the person you quoted is working in Dangote refinery?

i dont know...

emmanuelewumi:


About 25 years ago, there was a taxi driver based at Eko Hotel. There was nothing like Uber, Taxify etc.

The taxi driver was patronised by expatriates, diplomats, business executives on the Island .

The man made a lot of money but was reckless with money and women. His wife formed the habit of stealing her husband money on a daily basis.

She used the money to buy a plot of land at Agric area Ikorodu Lagos, she built a bungalow of 2 flats and 4 shops in the front of the house.

About 3 years ago, the man's taxi business nosedived and finally collapsed because of disruptive technology in form of e-hailing and competition from the likes of Uber and others, the government had earlier destroyed their taxi park at Victoria Island.

Money was not coming as it used to, he could not meet up with his house rent, he could not replace the vehicle he was using for taxi and finally he was given a quite notice to vacate his apartment.

He tried to raise money for another house, all to no avail.

Until the wife who is a house wife cum trader, took him to a house at Ikorodu. He liked the house, he now asked the wife where would he get money for this house.

Until she told her husband that the house belonged to them. He asked where did she get the money to build the house, she told the husband that she had been stealing from the husband all the while and she invested the money on behalf of the family.

The husband postrated and thanked the wife, and asked the wife why didn't she steal more money from him he said he never knew that his money was ever stolen

There is nothing as good as having a frugal wife who is interested in the progress and future of her family.

Spot on.

Sholapey:
Where is the property location pls?

Ashi bodija Ibadan

Pascopele:
I agree with this submission, but you have more unoccuppied in Ikorodu axis. My friend has is house in Igbogbo, this is 4 year running nobody has come to rent the place.

You need to build a house people in the environment can afford. A room and parlour self contained is a hot cake in that environment, but a 3 bedroom apartment or duplex won't fly

Trustrade:
Thanks

hello pm sent

Good health is everything.
I have seen wealthy people who can afford literally anything cry for health.

You might not be ending 2019 with a Benz, but if you're in good health, be grateful and protect it.

May bad health not stop us in 2020.

ojesymsym:
They gave you money for shopping and you invested and compounded it? Please, do you have a sister like you?
This is a new one for me on Nairaland.

LOL. No,it's just me.

Tyche:


Is there chance for another wife? Just asking for someone

LOL. Sorry, No vacancy.