On the 28th day of February, 2024. Real estate developer, Ichechi Okonkwo, the CEO of Victoria Crest Homes, popularly known as _CEOofLagos, shared some price stats on her Instagram page showing the massive changes in the price of construction materials. If you remember, February was the height of the price inflation especially in the construction sector as the price of a bag of cement rose from about...
Explore international real estate opportunities, why invest in Nigeria when you could own properties in Dubai, Singapore, the U.S., or the U.K.? I was reading an article the other day by The Guardian, according to the article over 800 properties worth about $400 million in Dubai, United Arab Emirates have been traced to Politically Exposed Persons(PEPs) in Nigeria. A politically exposed Person is...
Whenever you hear real estate equity investing am pretty sure that what automatically comes to your mind is buying and owning a piece of real estate and making money either from capital appreciation or cash flow. That is ownership real estate. This is why the only investors in Nigeria real estate market are 98% Nigerians either abroad or at based here at home because to invest in Nigeria real estate,...
How to leverage the law of scarcity to build a multi-billion real estate portfolio. A practical step by step blueprint. In June of 2018, David MacNeil, WeatherTech founder and CEO acquired a Tour de France-winning 1963 Ferrari 250 GTO with chassis number 4153 GT for a whopping $70 million. WeatherTech founder,David MacNeil, is the new owner of the Ferrari. (Facebook) Adjusted for inflation this...
Photo credit:Instagram.com @tonyoelumelu If you just came across this article, someone sent it to you or you just stumbled on it while browsing Facebook or any other social network, congratulations. I congratulate you because today I am going to take you behind the scenes and show you how I build ₦1 billion real estate investment portfolios for my clients. This is something, a privileged...
Understanding real estate development stages and mastering timing in your real estate investments. Everything in life happens in stages and cycles. There is time for everything. There was a time you were only a child fully dependent on your mother and the breast milk she fed you. There was a time you were a young adult, wanting nothing more than freedom, total freedom from your parents. At...
By the time you finish reading these 6 real estate investment strategies I learnt from billionaire Pastor Matthew Ashimolowo and implement all of them you will be able to build a multi-billion real estate investment portfolio. Guaranteed! A lot of things has been said about success, a lot written and much more will still be said and written. As we all know, success in anything in life is hard. It...
Nigeria economy, In June of 2015 the official exchange rate was $1/₦196.95. In June of last year it stood at $1/₦770.38. Am writing this article on the 15th day of June 2024 and the current exchange rate as I am writing this is 1 USD ⇛ ₦1,490.36. Let’s imagine that there is an alien that likes visiting Nigeria. It came in 2015 and exchange rate was just N195/$. It visited again in 2023 and it...
Did you hear the news the news that broke on the 3rd of June or have you been too busy? The Central Bank of Nigeria on the 3rd of June issued a circular revoking the license of Heritage bank due to the bank’s poor financial performance and position. As am writing this, there is no more Heritage bank. It is now defunct. Whatever is left of the bank has been taken over by the Nigeria Deposit...
What did you hear? What were you told? Has anyone ever told you that you can never ever lose your money investing in real estate? That real estate investments are so safe, that there is no possibility of it ever going wrong? Have you ever heard something like that? Maybe from a novice realtor anxious to make a sale or a sleazy developer eager to get you to subscribe to their project. If...
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