Nigsrdumb:
I need some advice my people. This four flat house is selling for 20 mill in bashorun Ibadan.

Rent is 350k, is this a good idea?

Not bad at that price

Below is the real asking price of the property, you can check on jiji or contact the owner's representative/ Agent Citygold Properties on 08140256418

Title: C of O

ahiboilandgas:
u are yet to know the ropes well ...u just paid the tution fees .....infact buying land can make u extremely rich .......ask sujimoto ....i hope u dont think tb at 3 3 or bond at 5 can make u rich either

Maybe you should teach me the ropes then and liberate me from ignorance with sound analysis of how to hit it big from buying land without relying too much on ALMIGHTY LUCK.

topsquino:


Maybe you should teach me the ropes then and liberate me from ignorance with sound analysis of how to hit it big from buying land without relying too much on ALMIGHTY LUCK.

which state have you be investing? What nature of land did u acquire...farm land or govt c/o land...it not lucky ......luck is only 0.5 of the thing

ahiboilandgas:
which state have you be investing? What nature of land did u acquire...farm land or govt c/o land...it not lucky ......luck is only 0.5 of the thing

Ibadan and lagos.

To convince me, factor naira devaluation.

Sholapey:
Below is the real asking price of the property, you can check on jiji or contact the owner's representative/ Agent Citygold Properties on 08140256418

Title: C of O

Shola, why did you post the advert here? Don't you think this can spoil the guy deal as others might develop interest and bid higher than him.

Good point, you also edit your quote and remove the contact, so we do not inadvertently become spoilers for someone who solicited for advise.

Akin3891:


Shola, why did you post the advert here? Don't you think this can spoil the guy deal as others might develop interest and bid higher than him.

topsquino:


Ibadan and lagos.

To convince me, factor naira devaluation.

why would i ...... do what u wish bro

Me and my investmenet crew have just bought this land expands of local houses opp a well built area

There is no perfect investment, what we should strive for is to pay reasonable prices for Investments based on projected growth and cash flow.

I think N20 million is okay for the property. A rational and intelligent Investor will go for it at that price or below

Akin3891:


Shola, why did you post the advert here? Don't you think this can spoil the guy deal as others might develop interest and bid higher than him.

Akin, I didn't post it to object or to spoil his bidding. I posted it for him not to get scammed by unknown because I am the owner and that's the only agent I gave the property to manage the adverts. The asking price is clearly stated on his jiji page and the company webs.

Kind regards!

It own by a clan opp a Govt approve Gra ....there is the deal we have bought the local houses for 60m naira we will demolished and use caterpillar to grade and sell the broken blocks to pay for the grading.....and cave out 10 plots(100 by 50) and sell for 10m each ....we will sell all within a month God grace the going rate is 12-13m but we dont want to hold for long ...we spend another 5m to get state govt approval......i 5 year time those land will be sold for 15m each i ....told u ......u dont go about buying up meanless forest and waiting for luck........property business is a full time job on it own

ojesymsym:
Good point, you also edit your quote and remove the contact, so we do not inadvertently become spoilers for someone who solicited for advise.

I am my brother's keeper, if he's interested I have also sent my direct number to him for verification.

Sholapey:
Akin, I didn't post it to object or to spoil his bidding. I posted it for him not to get scammed by unknown because I am the owner and that's the only agent I gave the property to manage the adverts. The asking price is clearly stated on his jiji page and the company webs.

Kind regards!

Why are you selling? Rental income should grow to N2 million in less than 8 years, an increase of 43% over the current N1.4 million.


The steady rental income and coupons can be reinvested in your portfolio Investments.

My opinion though.

Oh... I see what you mean. Naija matter don tire me. You mean someone is trying to spin him off 20M?
Jesus.
Thank you madam Shola for quickly coming out to clear the air.

Sholapey:
I am my brother's keeper, if he's interested I have also sent my direct number to him for verification.

ojesymsym:
Oh... I see what you mean. Naija matter don tire me. You mean someone is trying to spin him off 20M?
Jesus.

We've built a family tree on this thread, nobody can scam anyone of us.

How can 4units of 3bedrooms all ensuit property in a prime area sitting on 1121sqm with C of O be sold for 20m?
Yearly rent valued at almost 2m.


Maybe the person meant to sell him 3bedroom flat sha!

If i have 200m naira for futher investment i can build a futher 10 building 2 units of 3 bedrooms making 30 units apartments of 3 bedroom in a estate with garden, recreational areas well secure and rent out to chinese firms for 40 m annually

Sholapey:
We've built a family tree on this thread, nobody can scam anyone of us.

How can 4units of 3bedrooms all ensuit property in a prime area sitting on 1121sqm with C of O be sold for 20m?
Yearly rent valued at almost 2m.


Maybe the person meant to sell him 3bedroom flat sha!

i wonder too

Sholapey:
We've built a family tree on this thread, nobody can scam anyone of us.

How can 4units of 3bedrooms all ensuit property in a prime area sitting on 1121sqm with C of O be sold for 20m?
Yearly rent valued at almost 2m.


Maybe the person meant to sell him 3bedroom flat sha!

20M is not too cheap for the property I saw.
The only thing is that I don't know Ibadan at all so I cannot judge based on it's location.
But if the rental value is truly 1.4m then I don't think it's too cheap.

ahiboilandgas:
If i have 200m naira for futher investment i can build a futher 10 building 2 units of 3 bedrooms making 30 units apartments of 3 bedroom in a estate with garden, recreational areas well secure and rent out to chinese firms for 40 m annually

10 buildings of 2 units will give you a total of 20 units.


It is 15 buildings of 2 units that will give you 30 units

emmanuelewumi:


Why are you selling? Rental income should grow to N2 million in less than 8 years, an increase of 43% over the current N1.4 million.


The steady rental income and coupons can be reinvested in your portfolio Investments.

My opinion though.

I want to sell because I got fed up and I want to start with keeping one of each investments.

One property
Bond
Mmf
Ntb
Stock
One for all is my new year resolution
More pics
It has an empty land at back facing another street.
Title. C of O
Contact me or my agent for more information.

Fed Up with rental issues or building maintenance?

Sholapey:
I want to sell because I got fed up and I want start with keeping one of each investments.

One property
Bond
Mmf
Ntb
Stock
One for all is my new year resolution
More pics
It has an empty land at back facing another street.
Title. C of O
Contact me or my agent for more information.

emmanuelewumi:



10 buildings of 2 units will give you a total of 20 units.


It is 15 buildings of 2 units that will give you 30 units

ok ...each unit will cost 6m and x30 units .....20m will for estate infastutures like garden,pool , gym area and coner shop.......

emadamysy:
Fed Up with rental issues or building maintenance?

None of the above!

Iogobenz:
20M is not too cheap for the property I saw.
The only thing is that I don't know Ibadan at all so I cannot judge based on it's location.
But if the rental value is truly 1.4m then I don't think it's too cheap.

the property is under utilized to it full income generation capacity

Sholapey:
None of the above!

Divide and conquer, I can see that the property is on 2 plots of land.

If possible sell the land and the house separately

emadamysy:
Fed Up with rental issues or building maintenance?

Different strokes for different folks.

E be like say na that your friend get that moniker again, hope you realize?

ahiboilandgas:
the property is under utilized to it full income generation capacity

Sholapey:
Akin, I didn't post it to object or to spoil his bidding. I posted it for him not to get scammed by unknown because I am the owner and that's the only agent I gave the property to manage the adverts. The asking price is clearly stated on his jiji page and the company webs.

Kind regards!

Talk about coincidence, bringing and asking for advice on a forum where the owner of the property is

How did you feel seeing a distressed price on your property , I bet you must have called your agent immediately

He should consider himself very fortunate he brought it here , dem for do am strong thing

Or maybe just a case of misinformation by agents not given original briefs , I have had 4 agents give me 4 different prices on the same property and prices were not close

emmanuelewumi:



Divide and conquer, I can see that the property is on 2 plots of land.

If possible sell the land and the house separately

Okay sir, I will message those who have just sent pm in regards to the above to be separated to bring their offer forward.

ahiboilandgas:
go to apapa road ebutta mette and see old Building bought and turn to multiple apartments........sherrift plaza abuja is been remodel.......we no get money yet

Romedelled at a cost, may I announce that remodeling is sometimes more expensive than building a new house. It will help us if we understand motives of buying houses. Prestige is definitely not an investment.

rmx:


Talk about coincidence, bringing and asking for advice on a forum where the owner of the property is

How did you feel seeing a distressed price on your property , I bet you must have called your agent immediately

He should consider himself very fortunate he brought it here , dem for do am strong thing

Or maybe just a case of misinformation by agents not given original briefs , I have had 4 agents give me 4 different prices on the same property and prices were not close

Lol...you don't wanna know The agent must've send the pics to another agent who knows another agent who offered the ridiculous amount. They may not mean to scam him but to get his attention...only God knows!