Blog

Real estate and change

A few years ago, I got concerned about a dear client’s business continuity (I can be that nosy because if my clients are in business, then I am also in profitable business as well). So I asked what plans were in place to diversify business because of some changes in the sector of that business. Gladly, plans and implementation were ongoing to manage and navigate the inevitable change in the sector.

There is the saying that “make hay while the […]

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Offshore Real Estate Investing. Yay or Nay?

There is a popular saying that goes “do not put all your eggs in one basket”. This means you should create or find other baskets to distribute your eggs into so that you can safeguard the eggs contained in the different baskets in the event of unforeseen occurrences that puts the eggs at risk. Such that even when some eggs are destroyed, you will have some left for use.

Most of the time, awareness, education and knowledge are the […]

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I fired my popular attorney in less than 7 minutes

A few years ago, I was involved in a real estate
transaction. This transaction meant so much to the client I was representing. Being
a dedicated and committed real estate sourcing expert I brought my team onboard
independent of the client’s team and bill. To deliver the best result on a
client’s goal means the world to me.

In the midst of the fact-finding process, my attorney placed
a call through to me to express dissatisfaction over a line of the process that
it seems I […]

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Is it possible to become homeless despite having properties?

Yes, it is possible to have properties and still be homeless.

I heard you say that cannot be true. 

It is hard to believe really. Let me tell you how it happened.

As of 1991, my family had two built properties and some parcels of land in Kaduna State, Nigeria. I was quite young but I was exposed to the economy of my family and I knew all that was going on. (It is important that you allow your children to know […]

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ALIKO DANGOTE’S TOP 10 REAL ESTATE INVESTMENT SUCCESS SECRETS

April 6th, 2019 I checked Google notifications to catch up on the latest news headline and I saw the below caption in bold.

I once withdrew $10M cash just to look at it – Aliko Dangote – Punch Newspaper

The caption was
extracted from Mo Ibrahim Foundation’s 2019 Ibrahim Governance Weekend
interview of Aliko Dangote that took place in Abidjan, Côte de voire.

Read the extract
below.

“You know the
way it is, is that when you first start a business, your target is to make […]

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EIGHT Proven Ways to Prevent Losing Money When You Pay in Instalments For Real Estate in Nigeria

1. Ensure there is protection for you in case the other party defaults.2. Ensure you know and understand the hidden and finely written clauses.3. Put in perspective the possibility of a loss and recovery process should you suddenly default.4. Understand that charges will be incurred by the developer on your payment. Should you choose to opt out, you will not get the full money back.5. Understand that real estate is not an appliance or gadget or a moving car. The dynamics […]

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How to invest in city real estate for maximum profit

Properties of various shape and height dot the landscape of cities Properties of various shape and height dot the landscape of cities in Nigeria. A good number of these properties from my research are either now too big with high maintenance cost and low income or non-income producing.
It is okay to have a gigantic world class edifice. It is then better to have a grand plan in place for its sustainability as well as profitability many years to come. […]

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Stop loosing money while investing in real estate

In the year 2012, I bought an insurance policy sold by one of the insurance company operating in Lagos, Nigeria.
Why did I buy the policy?
A better way to save ₦600,000 in 5 years and get some considerable interest than saving it in the bank. The end picture was so fantastic at the time.
After all its a noble idea to save some money right?
That was my good enough reason to buy the policy.
After 5 months, tragedy struck. I lost my […]

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How to have adequate control on your real estate investment relationship with a developer

In recent times, real estate investment means that you will be in a business relationship with your real estate developer for many years to come.
Therefore, business relationship with an estate developer is such that should be taken seriously as if your breadth depends on it even before it begins. I bet you don’t want a frustrating journey for that long.

So you need to check well to know what is within your control before signing the dotted lines with especially the […]

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2 Key words to pay attention to when investing in real estate

As a fresh, repeat or serial investor in real estate, you always need to pay attention to these two words;
1. Owner
2. Seller
 
There is a huge difference between the two words. Misappropriating these two words can cause you a huge loss. The owner of a property can also be the seller while a seller most times are not the owner.
 
A lot of people are buying properties from sources or people who are not the rightful or legal owners of […]

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