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.

Wowww.i want to save so that if my husband gets into any difficulty in future,I will make sure he doesn't beg or take any loan.
the difference here is that my husband leaves little or no cash flying around for you to even steal. He is always investing and doesn't drink much so I make do with only what he gives me.
He won't easily get broke though as we already have 4 different buildings on rent excluding our residence with several empty lands and petrol tankers.
I will be strongly behind anytime he needs help cos he is a very good man.

Pascopele:

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.

I have a property at ogolonto Ikorodu, 2 bedroom flat is 250k, self contained is 180k.

3 minutes walk to the bus stop, BRT bus from the bus stop to TBS is N300

Nigsrdumb:


Ashi bodija Ibadan

Can you refer me to the seller please? I need a place for business office use.

Sholapey:
Can you refer me to the seller please? I need a place for business office use.

Madam I'm also looking for a place to buy , you are based in Nigeria , so I should be the one asking for referrals. I couldn't read your DM though.

Sholapey:
Can you refer me to the seller please? I need a place for business office use.

Send me your contact details via this email

The DM thing isn't working

mayoni2144@fxmail.ws

tracyorez:

Wowww.i want to save so that if my husband gets into any difficulty in future,I will make sure he doesn't beg or take any loan.
the difference here is that my husband leaves little or no cash flying around for you to even steal. He is always investing and doesn't drink much so I make do with only what he gives me.
He won't easily get broke though as we already have 4 different buildings on rent excluding our residence with several empty lands and petrol tankers.
I will be strongly behind anytime he needs help cos he is a very good man.

wow. makes me think you are @ahiboilandgas 's wife

That why I said depending on Loacation

emmanuelewumi:


I have a property at ogolonto Ikorodu, 2 bedroom flat is 250k, sell contained is 180k.

3 minutes walk to the bus stop, BRT bus from the bus stop to TBS is N300

unite4real:


wow. makes me think you are @ahiboilandgas 's wife

ahiboilandgas:
u where trick '...mean that the business( rental ) was responsible...u didnt do enough home work ,under study the terrain well....it beyond just having 55m and any property.....u can over pay for a property......if i use 55m to buy 6 set of 2 bedroom in festact at 8m each ....i will rent all within 1 months at 500k each and if i intend to sell at 10m in 3 years is very much possible cos of some certain parameters like limited supply of new one ,ease of new millionaires hammering 10m m from clearing

The problem is that it's a duplex my taught was that company was suppose to take for there staff but it did not happen that way, I did not over pay for the property cos it's on going price of properties in that estate

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.

Rent in that environment fully detached duplex is from 3m naira

Diyke4rich:


The problem is that it's a duplex my taught was that company was suppose to take for there staff but it did not happen that way, I did not over pay for the property cos it's on going price of properties in that estate

Because that is the prevailing price in the estate does not mean the investment was not overpriced.

emmanuelewumi:


Because that is the prevailing price in the estate does not mean the investment was not overpriced.

I am regretting the investment everyday would bought 8flat of 3 bedroom in Asaba I will be getting same amount, i was told dangote refinery will make property demand high in that axis

Diyke4rich:


I am regretting the investment everyday would bought 8flat of 3 bedroom in Asaba I will be getting same amount, i was told dangote refinery will make property demand high in that axis

How much will the 8 flat cost you and what is the rental income the property would have generated?

It is better to spread your risk, I will rather want to get N4 million rent from 8 tenants than having just one tenant who will pay me a rent of N4 million

emmanuelewumi:


How much will the 8 flat cost you and what is the rental income the property would have generated?

It is better to spread your risk, I will rather want to get N4 million rent from 8 tenants than having just one tenant who will pay me a rent of N4 million

I have learn my lessons

Asaba is opening up down to Ugbolu, Okpanam it going to be better

Diyke4rich:


I am regretting the investment everyday would bought 8 flat of 3 bedroom in Asaba I will be getting same amount, i was told dangote refinery will make property demand high in that axis

It will, you need to be patient.

Okay.

gassbee:
hello pm sent

Hahahaha...so Aboki no be Nigerian again? Laff won kill me 4 here. Sir Ahib...u b baba 4 here.

ahiboilandgas:
aboki with a bsc bussiness admin only

emmanuelewumi:


How much will the 8 flat cost you and what is the rental income the property would have generated?

It is better to spread your risk, I will rather want to get N4 million rent from 8 tenants than having just one tenant who will pay me a rent of N4 million

In Asaba? 3 bedroom 600k Asaba main town before interbua or St Patrick Axis or FMC, 2 bed room Ogbogonogo 400k a room and parlour self-contained before head bridge 200-250 Location matters and I don't think there is land in Asaba, Opkanamu have finished selling their land, the next available place is Ugbolu land goes for 5-6mllion.

You peg your at 2m just to get tenants. Law of business, entering to gain customer reduce to price to get a small share of the market.

Diyke4rich:


Rent in that environment fully detached duplex is from 3m naira

Madam, you certainly don't belong to the generation of Marlians. God bless you!

tracyorez:

Wowww.i want to save so that if my husband gets into any difficulty in future,I will make sure he doesn't beg or take any loan.
the difference here is that my husband leaves little or no cash flying around for you to even steal. He is always investing and doesn't drink much so I make do with only what he gives me.
He won't easily get broke though as we already have 4 different buildings on rent excluding our residence with several empty lands and petrol tankers.
I will be strongly behind anytime he needs help cos he is a very good man.

Nigsrdumb:


Madam I'm also looking for a place to buy , you are based in Nigeria , so I should be the one asking for referrals. I couldn't read your DM though.

I'm not based in Nigeria. I asked for referrals because you mentioned two properties and you're buying just one.

Nigsrdumb:


Send me your contact details via this email

The DM thing isn't working

mayoni2144@fxmail.ws

Okay, thanks.

Sholapey:
I'm not based in Nigeria. I asked for referrals because you mentioned two properties and you're buying just one.

Ha ok we are in the same boat so, make you contact me sharp sharp.

Pascopele:
In Asaba? 3 bedroom 600k Asaba main town before interbua or St Patrick Axis or FMC, 2 bed room Ogbogonogo 400k a room and parlour self-contained before head bridge 200-250 Location matters and I don't think there is land in Asaba, Opkanamu have finished selling their land, the next available place is Ugbolu land goes for 5-6mllion.

Okpanam is a big problem now because of ibusa according to they own the land even one of my was affected at Austine dada estate marble hill

Greetings my Oga,
@ emmanuelewumi: Please is Lagos state Gov bond a good buy?

Thanks

abimbola01:
Greetings my Oga,
@ emmanuelewumi: Please Lagos start Gov bond a good buy?

Thanks

It is always oversubscribed, what is the rate?

btw 11.75% - 12.25%

Yes

abimbola01:
Greetings my Oga,
@ emmanuelewumi: Please is Lagos state Gov bond a good buy?

Thanks

Hmmmmm, how were you affected? I have a friends that have in Ugbolu but my uncle built in the same Okpanam.

Diyke4rich:


Okpanam is a big problem now because of ibusa according to they own the land even one of my was affected at Austine dada estate marble hill

Pascopele:
Hmmmmm, how were you affected? I have a friends that have in Ugbolu but my uncle built in the same Okpanam.

The were breaking fancy claiming the land belong to them

Check this out if it might interest you.

phoinix:
My life savings amount to 12 million naira, though I have a day job, where can I possibly invest this little money to make relatively ok return apart from TBills? Or should I use it to travel out? I earn almost 300k a month. I am just out of ideas, I want more from life. Gurus please help me.

EISDigital:
Check this out if it might interest you.

You are on the wrong thread. It can't fly on this thread.