Posted November 17th, 2008 by Debo
Hello Friends,
No! “Chi zira zira” (whatever will be, will be) is a mirage. Whatever will be, will need your cooperation otherwise…….. I believe that this is an opportunity that you should not miss. I do not mince words to tell you that it is an opportunity that if you do not take a part in today, you will hear about it again and again from people that should have been hearing it from you.
I do not get overjoyed suddenly on a new initiative. I always like to weigh the pros and cons, though am not a laggard by any means but am also not really a first mover either. I prefer to do my due diligence, something to assure me that I am taking a personal decision that only me can be held responsible for. Experience has taught me to be my own man. Like somebody put it; I like to be responsible for my responsibilities. So, when you hear me get charged about a scheme, know that I am 100% for it. I’m sure you are curious about what opportunity this is? Read on.
It’s IFA Nigeria. IFA Nigeria is barely 3 months old in Nigeria and it’s making waves and breaking records already. IFA Nigeria is an offshoot of IFA South Africa, which is the business opportunity arm of Clientele Life Insurance Company in South Africa. IFA South Africa has on the merit of a network marketing model for promoting Life Insurance, has managed to build one of the biggest and most sustainable Network Marketing models in the world. With over 10yrs in sustained operations and over 2.3million premium payers -IFA is a concept that will change the landscape of Insurance business in Nigeria. Their underwriter and partner in Nigeria is ADIC and Diamond Bank. Professor Pat Utomi was the first person to tell Deolu Akinyemi (my up-line) about IFA. It was at the January 1, 2008 Launch of New Nigeria Club. He asked him to visit South Africa to learn an interesting approach to network marketing that the South African company had developed.
Today, IFA Nigeria though barely 3 full months in Nigeria has over 40,000 members. That’s very far from zero, but much further from the possibilities of over 2million premium payers. The train is moving, but it’s far from it’s surge. The best time to join is NOW!
We have had someone due diligence on the opportunity. He went over to their office, secured an appointment with who is who and began the journey. It’s one of the most structured and organized network marketing businesses that I have seen. You can only join after you have been to a presentation, and not just anybody can present. You have to be selected, and go through a rigorous accreditation process to become worthy of presenting the IFA opportunity on behalf of the company. Just two weeks ago, my up-line got a text message that he has been accredited as a Business Facilitator for IFA Nigeria. This means he passed the examination and presentation assessment sequel to days of training by IFA South Africa. It shows that it I work at it as I intend to, I should be earn the accredited status soon. It also means that we (myself and my upline) are well positioned to support our dream of building the biggest global team of IFA here in Nigeria. We have IFA No 1 as our direct upline, and we have all the support we need to build a MEGA Team.
On November 22 by 3pm prompt using Realty Point Limited’s training facility, we shall be sharing this dream on a more personal, eyeball- to eyeball basis. The text and emails have already started going out and the response is huge and encouraging. People are fired up, ready to roll. The fire is fast spreading across Nigeria, Benin was launched some days ago, same for Warri, what this means is if your people are in any of these places, all you need to do, is invite them for the IFA Business Opportunity Meeting in that Region.
What exactly is the business opportunity with IFA?
Let me spell it out a bit like this.
1. The product is Life Insurance, not the conventional wait until you die life insurance, but a life insurance with living cash back benefits. This means you get to earn while you are alive. It’s also important for people to have life insurance, if we are forced to insure our cars with third party, we should use our church mind to insure ourselves.
2. The Network Marketing Model ensures that you earn monthly. What you earn is equal to a percentage of the premium of your downlines. You actually start earning after you have 5 premium paying referrals. You earn 10% on your first generation, 20% on second, 20% on third, 7.5%, 3.75% and 2% respectively on the 4-6th generations. (Even though there are people in Nigeria earning in 7 digits already, the company is conservative and will tend to only showcase those who are starting small, but earning consistently) my upline earned the first month he joined…and it’s just a few days ago.
3. God forbid that anything happens to an IFA policy holder, the beneficiary will not only get the insurance cover, but will get the IFA last monthly salary times 12, plus the same value as a monthly salary for the next 24 months. This is just one of the benefits, and what it means is that being an IFA makes provision for your family when you are alive and when you are in the hereafter. When it happens like this, sweet is the memory of the dearly departed.
4. As an IFA you are not an insurance agent, neither are you a financial adviser. You are an Independent Field Advertiser. All that is required from you is to invite your friends, family and loved ones for the IFA business opportunity presentation. When they take up a policy and pay their premiums, you also get to earn.
5. In Nigeria the race has just began, the number 40,000 gives us an idea of where we currently are. The number 2.3million in South Africa, gives us an idea of the potentials of where we will shortly get to. South African don’t have either our passion for entrepreneurship or our drive. The fact that they have sustained operations for 10yrs is also an attraction for me, it’s takes a good and established business to cross the 1yr talkless of 10yr mark.
Our vision for the IFA team we are setting up is to surpass 100,000 members. To have at least 10 people that are Club 10,000 members, to have hundreds in club 1000, and many successful members. We intend to lead this nationwide alongside IFA1 - I have ready presentation opportunities already. The way the network works, it pays me to support my downline as I earn less on my first generation than I earn from my second and third generation.
What we have done already is make sure that we develop a system online for receiving interests and arranging our team. While everybody will work towards getting their referrals, we will work as a team to support each other. All you need to do is send for the form ASAP (N150), fill it as quickly as possible submit it with the payment of your first premium (it’s preferable if you pay for 6months to 1yr). That way, we can focus on the business together and not have to be bothered about paying premiums directly for a long time. You will also need to send us the names, emails and phone numbers of 10 people we can help you follow-up on directly on your behalf that you want to be your first level referrers. As a team, we can help you with this follow up. As a corporate Nigerian, if your company is already managing a life insurance policy for you, you can own one for yourself. As an entrepreneur, nobody is responsible for you, you can be responsible for yourself.
If you are getting this mail or reading this post within seven days of publication it means that you have a chance of being in our team in it’s early days. You will get a list of names on this mail indicating the originator and the sender that sent it you to.
Join us in securing the futures -our future and that of our families.
Many thanks!
Gbadebo Adejana
Origin: Gbadebo Adejana
Sender: Gbadebo Adejana
Don’t forget the meeting details:
Saturday November 22, 2008
Time: 3pm
Venue: Realty Point Limited Training Facility
Onigbagbo House, 3rd Floor
#29, Mobolaji Bank-Anthony Way, Ikeja
After Sheraton, byside GTBank coming from Maryland.
Share Fence with Bola Memorial Anglican Church.
Abule Bus stop Area.
–
NB: We have had extensive talks with a few other reputable insurance companies( MDs and all), many of them will be joining this train later, but it would be late.
Posted November 11th, 2008 by Debo
Dear Reader,
If you are a tenant, then this note is for you. It doesn’t matter if you are renting a room or mansion, a tenant is a tenant. Sorry, I didn’t mean to be rude. The size of the rented apartment does not make you the owner; your comfort is dependent on the reasonability of your landlord.
But I ask you, for just how long will you leave one of your basic needs in the hands of another man. Wouldn’t you rather take control of your life?
This is a note from the bottom of my heart to you. I just got a friend’s text few minutes before starting out to write this letter, he was thanking me for been the first person to challenge him to owing his own house and showing him how feasible it is and the fact that he could start himself on the way to house ownership at the time not waiting for convenience or a future date that so often never come for a lot of people. Today, he moved into his own house after about 24months at it.
I am talking of a guy who is about thirty five years old with a wife and two kids. Not that he has a fantastic job or a God father somewhere. He simply applied himself to some of the things I will like to share with you here. The most important being that, he took one step after the other in the right direction, my heart rejoice with him as I will like to with you someday in the very near future.
Mr. Aina is another example of how one can start the journey to home ownership with a fired desired whether or not he has “money”. I always say house ownership is not for a class or creed as the world may want us to believe. I started my journey towards owning a home from nothing. Mr. Aina came to Lagos a jobless family man, got a Civil Service job about a year after arriving in Lagos. Six months into the Job, he bought his first land and 24months on the project, he moved into his own house still a Civil Servant who does no hanky-panky.
Yes, to achieve that, he had to use a lot of wisdom and of course applied himself a lot more. But most importantly, I am introducing you to a way you can get things started without breaking your head.
Think about it, here is an opportunity to own land within a well structured estate located in the future of Lagos/Ogun axis. You can pay in instalments of up to 24months. The headache of Omo-onile is being handled by someone else on your behalf. Nothing concerns you with them. There will never be a nexus between you and them. The estate is to boost of good roads, drainages, electricity, water, transportation, security, relaxation, fun and recreational centres, Schools, shopping malls,etc
Realty Point Limited RC 621592 (www.realtypointltd.com), is a reputable real estate developer and the promoter of this initiative. We are a member of Real Estate Developers Association of Nigeria (REDAN) and main actors in the Ogun State Chapter.
I am introducing Prime Estate Pakuro (off Lagos-Ibadan Expressway opposite Deeper Life Camp) and Prime Estate Igbesa (Close to Agbara, around Lusada Market junction off Lagos Badagry Expressway) at N648,000 and N600,000 per plot respectively. These prices are promotional and things will move up after November 30 or while promotional plots last. Note, you can pay over a maximum of 24months instalment.
The projects are located within present real estate hot beds. With the Lagos –Ogun mega city project, Pakuro is the place to be. I am sure you are aware of the plans Lagos State Government has for the Badagry Expressway. More so, the projects are within running tertiary institutions; Gateway Polytechnic and Crawford University for Igbesa and Redeemers University for Pakuro.
What more, if you pay at once, you can enjoy an attractive discount and also stand the chance of spending your Xmas weekend (December 26-28, 2008) with your spouse in Ghana at our expense or win any of the other consolation prices. The raffle is opened to everyone who will buy into our projects and pay up on it between now and November 30.
When you buy plots from us, you stand to benefit from the other values we bring to the table. For example, we ensure our projects qualify for National Housing Fund (NHF) scheme in that we partner with Primary Mortgage Institutions to fund your building to the set maximum limit of N5million. In cases where you let us build for you, we consult for you on finance/funding your project free of charge using all our banking relationships to get you competitively priced loans, do your building plans free of charge aside from the growth potential your investment will derive because of the experienced property managerial ability we offer at the estates.
Don’t relive the story of a typical Nigerian Landlord;
Started work life at the age of 25, never thought of building his own house until he was nearing retirement, eventually finished his building with the larger chunk of his pension benefits. The stress and strain of such a venture at that old age of 61 made him fall sick. He never fully recovered till he died 5years after. On his dieing bed, realising that he could not enjoy what he used all his life savings to achieve alive and in good health, he instructed that he must be buried within his compound, saying to himself, if I can’t rest here alive, let me at least rest here in peace howbeit, dead. What a shame!
Even if you don’t think you should live here, you can invest here still. But even in saying you can’t live here, I hope you are being true to yourself and not just being unnecessarily hopeful that your fortune will change over night. Please, don’t get me wrong, I wish you well. I wish you good things of life so much so that I think that if you start from where you are now, that is, keying into what you can afford, then you stand a better chance of advancing in life as against someone who would not have started anything before. Don’t you think so? I am sure you do. Nobody says your first house or landed property most be your last.
To learn more about these projects and our organisation, I will encourage you to visit the estate website – www.primeestatesng.com
If you remain a tenant for too look after this, don’t blame anybody but yourself. There may never be a comfortable time to build your own house, most people that have achieved that status did it out of “inconvenience” so to say and the once who wait for convenience mostly end up tenants all their life. I am sure you can relate with that because most of the achievements you would have recorded in your own life have come from inconveniencing yourself to a certain degree, isn’t it?
You can buy for investment purpose like I said earlier and I dare say it makes a lot of investment sense to buy into these projects. In real estate, you make the most money where you have the most opportunity to add value. Buying emerging markets like Pakuro and Igbesa gives you that opportunity. When we put road where there is none, bring power to where there is darkness, bring live into a dead end and link them up to town. What do you think will happen? Prices will sky rocket and the early investors like you (only if you buy now) will smile to the banks even if the banks refuse to smile at you. Already, our promotional prices will close by November 30, 2008 and prices are expected to go up by a minimum of 23% meanwhile you would have paid only the first instalment if you are taking that option.
Let’s learn from our other projects – Prime Estate Phase 1 and 2. Phase 2 started selling mid October 2007 at N360,000 per plot and the price went up to N500,000/plot in January 2008 and then N800,000 by May 2008 while subscribers who bought at N360,000 are still paying their monthly instalments of N24,000 what they bought has more than doubled in price. Same trend exist in Phase 1, from N350,000/plot in July to N1million now and it is not even readily available.
I think I have said most of what you needed to know to make a buying decision and you can also check the websites for more information. I can only appeal that you do all you have to do in time and call any of our phone numbers for a buying appointment - 01-8964527, 4346687, 07028023008, 07028023400, 07028023395, 07028023007, 07028440478, 08055408612, 08057385048, 08055652269, 08035618663, 08023680245. Our sales reps can come over to your place to help you with your buying decision. Otherwise you can call them for the procedure if you are outside Lagos and won’t want this promo to pass you buy. Individuals as well as corporate bodies, societies, clubs, families and friends can buy into this estate.
We have limited number of plots to sell at the promo prices and sales started October 2008.
I wish you all the best as you take the right step to Sack Your Landlord! ™ before Xmas. Merry Xmas!
Posted September 19th, 2008 by Debo
It is with great joy and excitement that I write this article. The kind of happiness I have inside is enough to go hungry for days and not feel it. I am sure you are wondering what angle is ‘Debo coming from this time. Don’t worry, I won’t keep you guessing for too long.
Finally our opportunity to join the big league of developed and serious minded developing countries has come, the most talked about Real Estate Investment Trust (R.E.I.T) scheme is birthed and the first organisation to break the ice is Union Homes Savings and Loans Plc.
For the sake of those of us who have not been following my write ups and seminars and may not know what REIT is all about, I will like to give some basic explanation in a question and answer format:
What is the meaning of a REIT?
REIT is an acronym for Real Estate Investment Trust. It is a vehicle that invests in the ownership and management of a pool of real estate assets and mortgages, and packages them as tradable securities into which individual investors can subscribe.
It is a collective investment scheme having special features such non-payment of corporate taxes and regular distribution of profits in terms of dividends.
How do REIT’S operate?
REITS rely mainly on external funding as their key source of capital. Just like other stock offerings, publicly traded REITS collect fund via an initial public offering (IPO). Those funds are used to buy, develop and manage real estate assets. The IPO works just like other security offerings except that instead of purchasing stock in a single Company, the buyer will own a portion of a managed pool of real estate.
REITS are required to distribute 90% of their taxable income to investors. When a REIT pays out its dividends, they’re equally distributed among shareholders as a percentage of paid-out taxable income.
How do they generate their income?
Income is generated through renting, leasing, or selling the properties and is distributed directly to the REIT holder on a regular basis.
Who can invest in REITS?
Anyone eligible to invest in shares on the Nigerian Stock Exchange can invest in REIT unit.
What are the benefits to?
(a)Investors, steady dividend distribution of 90% or more of income generated through a diversified real estate portfolio.
(b)Market, inclusion of securitised real estate instrument that guarantees strong performance both in bullish and bearish seasons.
(c)Government, ensures private partnership in financing housing units as a basic welfare need.
What makes REITS a good investment?
REITS can serve as a powerful tool for portfolio balancing and diversification by increasing investor’s total return and/or lowering the overall risk in both equity and fixed income portfolios. Research has shown that when REIT shares were added to an already diversified portfolio, the maximum expected return for each given level of risk increased and the level of expected return reduced.
In addition, the dividend growth rates for REIT shares have proven to outpace inflation in the past ten years (NAREITS 2003). These characteristics make REITS better investments.
How Does an Entity Qualify as a REIT?
In order for an entity to qualify as a REIT, it must comply with certain provisions within the Securities and Exchange Commission. A REIT must:
· Be managed by a board of directors or Trustees;
· Invest at least 75 percent of its total assets in real estate and real estate related assets;
· Derive at least 75 percent of its gross income from rents from real estate property or interest on mortgages on real property;
· Pay annually at least 90 percent of its taxable income in the form of units holders dividends;
What types of REITS exist?
· Equity REITS: Equity REITS invest in and own properties (thus responsible for the equity or value of their real estate assets). Their revenues are primary derived from rental value.
· Mortgage REITS: is a REIT which invests in mortgages, this type of REITS pools funds in order to create mortgage loans for perspective mortgagors. The revenues are generated primarily by the interest that they earn on the mortgage loans.
· Hybrid REITS: is a REIT which generates income from rent, and capital gains, like an equity REIT as well as interest payments on a mortgage REIT. A hybrid REIT incorporates both Mortgages and Equity REITS.
What Types of Properties do REITS invest in?
REITS invest in a variety of property types: shopping centers, apartments, warehouses, office buildings, hotels, and others. Most REITS specialise in one property type only, such as shopping malls, self-storage facilities or factory outlet stores. Health care REITS specialise in health care facilities, including acute care, rehabilitation and psychiatric hospitals, medical office building, nursing homes and assisted living centres.
How are REIT Units Valued?
Like all companies whose stocks are publicly traded, REIT units are priced everyday in the market and give investors an opportunity to value their portfolios daily. To assess the investment value of REIT shares, typical analysis involves one or more of the following criteria:
· Management quality and corporate structure;
· Anticipated total return from the stock, estimated from the expected price change and the prevailing dividend yield;
· Current dividend yields relative to other yield oriented investment (eg bonds, utility stocks and other high income investments);
· Dividend payout ratios as a percent of REIT funds from operations;
· Anticipated growth in earnings per unit;
· Underlying assets values of the real estate and /or mortgages, and other assets.
Why Should I Invest in REITS?
REITS are total return investment. They typically provide high dividends plus the potentials for the moderate, long term capital appreciation. Long term total returns of REIT unit are likely to be somewhat less than the returns of higher risk high growth stocks and somewhat more than the returns of lower risks bonds. Because most REITS also have a small to medium equity market capitalisation, their returns should be comparable to other small to mid sized companies.
What do REITS offer Investors?
· Current, stable dividend income
· High dividend yields
· Dividend growth that has consistently exceeded the rate of consumer price inflation
· Liquidity: units of REIT are readily converted into cash because they will be traded on the Nigerian Stock Exchange
· Professional management
· Portfolio diversification, which reduces risk
· Disclosure obligations: REITS whose securities are registered with the SEC are required to make regular SEC disclosures, including quarterly and yearly financial reports.
What should I look for when investing in a REIT?
The market usually rewards companies that demonstrate consistent earnings and dividend growth with higher price-earnings multiples. Thus, investors should look for REITS and publicly traded real estate companies with the following characteristics:
A demonstrated ability to increase earnings in a reliable manner. For example, look at companies with properties in which rents are below current market levels. Such properties provide upside potential in equilibrium markets and downside protection when economic growth slows. Management teams able to quickly and effectively reinvest available cash flow.
The ability to consistently complete new projects on time and within budget. Creative management teams with sound strategies for developing new revenue opportunities.
Strong operating characteristics, including effective corporate governance procedures, conservative leverage, wisely accepted accounting practices, strong tenant relationships and a clearly defined operating strategy for succeeding in competitive markets.
What factors contribute to REIT Earnings?
Growth in earnings typically comes from several sources, including higher revenues, lower costs and new business opportunities. The most immediate sources of revenue growth are higher rates of building occupancy and increasing rents. As long as the demands for new properties remain well balanced with the available supply, market rents tend to rise as the economy expands. Low occupancy in underutilized buildings can be increased when skilled owners upgrade facilities, enhance building services and more effectively market properties to new type of tenants. Property acquisition and development programs also create growth opportunities, provided the economic returns from these investments exceed the cost of financing. Like other public companies, REITS and publicly traded real estate companies also increase earnings by improving efficiency and taking advantage of new business opportunities.
THE UNION HOMES REAL ESTATE OFFER What is the Union Homes Offer?
It is a hybrid REIT offer for subscription of 970,873,787 units of N50 each at N51.50per unit.
What kind of earnings per unit should I expect?
A minimum of 154k/per unit in the year 1.
What are the major advantages of the Union Homes REIT?
· Investors will enjoy over 90%dividend pay out in earnings annually.
· Dividend growth rates have proven to outpace inflation
· Investors can trade the Union Homes REIT on the Nigerian Stock Exchange.
· Investors will enjoy multiple streams of income generation rental, sales mortgages interest, money market returns and equity price appreciation.
· 70% of the offer is guaranteed by Union Bank of Nigeria Plc.
· Access to long tenor mortgages (25-30 years) at marginal interest rates.
· A REIT is a powerful tool for portfolio balancing and diversification.
· REITS have proven to have increased investors’ total return.
· REITS have proven to lower overall risk in both equity and fixed income portfolios.
Who determines a REIT’s investment?
A REIT’s investment is determined by its board of directors or trustees. In the Union Homes REIT, the REIT’s investments are determined by the investment committee.
Is there any minimum investment required in the Union Homes Offer?
Yes. There is a minimum investment of N51, 500 in the Union Homes REIT offer. After you have satisfied the minimum investment requirement, any additional purchase must be in increments of at least N5, 150.
Will I be notified of how my investment is doing? Yes, the fund manager will provide you with periodic updates on the performance of your investment, including:
· detailed quarterly reports;
· quarterly financial reports
· an annual report
The fund manager will provide this information to you via one or more of the following methods, in discretion and with your consent, if necessary:
· NIPOST mail or other courier;
· facsimile; or
· Electronic delivery.
Who can help answer my questions about the offering?
If you have more questions about the Union Homes REIT Offer, or if you would like to buy into the offer or if need additional copies of the prospectus, you should contact:
REALTY POINT LIMITED
ONIGBAGBO HOUSE (3RD FLOOR)
29, Mobolaji Bank-Anthony Way, Ikeja,
Within Bola Memorial Anglican Church Compound, Beside GTBank,
Before Etiebet’s, place at Abule Bus-Stop .Ikeja,
Lagos.
Tel: 08033074913, 07028201929, 07028386923
Email:realtypointoffice@yahoo.com
Website: www.realtypointltd.com
I hope I have not spoken over your head on all of these. Suffice to say that this is an opportunity you don’t want to miss. Is the first of it’s kind and competition can only make it better.
Call in immediately to invest.
QUOTE(S)“The ideals which have lighted me on my way and time after time given me new courage to face life cheerfully, have been Truth, Goodness, and Beauty. . . . The ordinary objects of human endeavour — property, outward success, luxury — have always seemed to me contemptible” — Albert Einstein
“If I have been of service, if I have glimpsed more of the nature and essence of ultimate good, if I am inspired to reach wider horizons of thought and action, if I am at peace with myself, it has been a successful day.” – Alex Noble
“The happiest man is he who learns from nature the lesson of worship” – Ralph Waldo Emerson
Posted August 26th, 2008 by Debo
I have been asking a lot of questions lately. May be because I always come across things that make me ask questions and as a tribal proverb says, the stranger who will always stop to ask for direction will not miss the way. I have found asking to be a very sure way to get answers.
Two gentlemen walked into my office on appointment today and when they were leaving I felt totally satisfied that our meeting was mutually beneficial. They function within the two most respected medical fields – one a Physician and the second a Pharmacist.
Having settled what they came for initially, our discussion took branched off on some personal investment opportunities tangent. The Pharmacist started it all, he shared the sorry story of how his formal landlord slammed him with a notice to sell his 3bedroom apartment shortly after he tastefully renovated it before his wedding to give his wife and himself a treat. Tried as he may, he could not come up with the landlord’s offered price and so the apartment went another person’s way. In effect whatever he recently expended on renovating the property just went down the drain. According to him, he felt like a fool and that episode made him to make up his mind about setting a target of owing is own house in a year’s time.
When he said that, I could not pass off the opportunity of asking him how he planned to achieve the set target and his plan showed that he probably could have been a landlord long before all these brouhaha.
Here is my summary of his story – “my dad was ready to give me one of his uncompleted project, so I can complete it and have it as my own. The property has a good title and he had only done the block work for the ground floor. But I was not interested for two reasons. One was that, I couldn’t think of where I will get the money to finish it up except from my bankers and they had some terms I could not agree to or meet up with. The second is that, I really would not like to leave in that area again because I grew up within that vicinity. Then my dad made mention of a lady who has been asking for his permission to use the place for her school business. We had a meeting with the lady and eventually agreed to lease the place to her for eight (8) years in exchange for her doing the decking and other necessary things required for her to be able to use the place. Our concern primarily was to ensure that the place was not turned to a refuse dump as it was well on it way to becoming within the neighbourhood.
That arrangement commenced a few months ago and we have eight (8) years to go on it. Now my plan is to get a developer who can complete the other floors (first and second) under a development lease arrangement and give me one of the apartments for my use.”
This is a very painful story as far as I am concern and it shows the cost we sometimes have to pay for lack of appropriate information. The honest truth is that, my friend could have being well on is way to becoming his own landlord by now but with the school in that compound for the next eight (8) years, it will be difficult for any developer to find the project attractive primarily because it will be difficult to get good value for money (rent) on such apartments when completed. The reason being the environmental factors the school dimension has brought to the fore. For example, noise pollution.
The case study throws up a number of things. One is the mentality of our people when it comes to first home ownership. We still plan for our first house as if it will be the last we shall ever build before we cross to the other world. I have said it times without number that, your first house should just be a necessity item and that is how the project should be approached. You can not claim to be solving the basic need of a roof over your head with a palliative measure – rent. Being a tenant should not be your destination, it’s a stop over and the earlier you reach your destination in life the better. Start with what your pocket (dream or faith) can deliver per time. That involves giving critical thought to the location, size and degree of finishing you can afford.
The project should have been a developer’s delight the way it was before the school issue. This is going by the location and going rent rate in that neighbourhood.
I must also say that the developers and developer’s agents operating around that axis may either have their hands full or they are not doing a good job of scouting for opportunities. Otherwise, they should have also been prospecting that site, such that the landlord would have had an opportunity to have to decide between two contending options. That would have given him the chance to see the vital interest of his house ownership issue resolved with the development lease for apartments as against the nuisance the school project portends.
If only my friend had met with someone to advise him properly when he still had the chance to put his uncompleted project to better use. There exist no reason why he should not be a landlord living in his own apartment by now.
If you desire to constantly move up in life, you need to create a proven system that would always get you the necessary information and contacts to achieve your dream. You can consider the following to achieve that; attend seminars, join interesting social, religious or financial clubs, head hunt selected people for quality friendship/mentorship, etc. In all of these, NETWORK as if your success depends on it because it does.
I figure you know what to do to get ahead now and get things going for you.
QUOTE(S)“Do what you do so well and so uniquely that people can’t resist wanting more and referring others to you.” — Walt Disney
“It isn’t the mountains ahead that wear you out, it’s the grain of sand in your shoe” - Unknown
“A good rest is half the work” - Yugoslav Proverb
Posted August 7th, 2008 by Debo
I am a regular reader of the Punch newspaper especially on weekends when I have more time to peruse the pages of a newspaper so, stumbling on an interview report titled “ Real estate business is Nigeria’s next goldmine” was a delight.
If you have been following us for some time now, you know that our answer to whether real estate business is Nigeria’s next goldmine will be in the affirmative. That was why reading Mr. Oluseyi Oyesola’s reply to a follow up question from Rasheed Bisiriyu, a Punch newspaper reporter repeated verbatim below was not a supprise. Read this Question: “Are you trying to say the next place to move to is the real estate?” Answer: “I tell you there is nowhere else like real estate. The richest men in the world, if you look at their wealth, the bulk of it comes from the real estates. I can’t remember exactly now but I know about 90 per cent of the world’s richest men thrive on real estates. People whose wealth are phenomenal and would last about four generations without effort are in real estate. I tell you it is an exodus in
Nigeria. The capital market was very interesting we all knew it was seasonal. We all knew that some of the companies have fundamentals but how well are the fundamentals? Principally, how many of them have good fundamentals? I can tell you the core people that were doing capital market still have their stock of real estate that they are doing.”
This summarises my opinion, real estate is the next thing in Nigeria. It has been a major one the developed-world over but just about to take it rightful place in
Nigeria. People have made fortunes in other sectors of the economy but it is now time to make a kill in the real estate sector. Folks will “suddenly” become millionaires. Making tens or even hundreds of millions will become a child’s play. This will be possible in the short to medium term from now because there exist a huge gap between demand and supply. That can be buttressed with the statistics that gets thrown in our faces about the shortage of housing in
Nigeria. I understand it is about 16million. I actually can not agree less with Mr. Oyesola, here is a goldmine about to go off the hook. I believe it so much that sometimes I think I have been brain washed. I am as sure of it as I am that my name is Gbadebo.
When a sector of the economy gets on the march like this, the earlier you fall inline the better. There is money to be made in every area of real estate in this country. You can begin to enjoy the “dividend” of your investment in real estate. You can play in it with no money down or with all the funds you can get in the world. It can serve for short, medium or long term investment goal, part-time or full blast.
I suggest you position yourself to explore some of the following areas:
Infrastructural Development: the bane of real estate sporadic development in this country is the poor state of our infrastructure. Things like good roads and drainages are very scarce and that is why we have a lot of development in “slumpy” clusters in developing worlds like ours. Initiatives like “Build, Operate and Transfer” will become more and more relevant and the tool of serious minded government in delivering on their manifesto promises. Private individuals will make more money from this angle. Talk about the Engineers, Construction Equipment Hiring Companies, Land and Quantity Surveyors, etc
Estate Developments: Building of houses is big business, particularly when you do it for the people at the bottom of the pyramid, I mean the over 70% of the population considered poor. It has been discovered that the wealth of the world resides with the poor and there is no better way to get it from them than to give them basic value (shelter) in exchange for their money.
Nigeria has about 16million gap to fill in that regard and the figure keeps growing. What an opportunity!
Agency/Property or Facility Management: This will be the ideal focus for someone without so much money. You can actually start your Agency/Property or Facility Management practice with little or no money. As an Agent, you act as a broker linking your principal with the buyer/seller, Owner/Tenant, whatever the case may be for a fee. Facility management is the management of building, estates which encompasses both building fabric and services. The services are sometimes considered to be divided into “hard services” and “soft services.” Hard services include such things as ensuring that a building’s air conditioning is operating efficiently, reliably, safely and legally. Soft services include such things as ensuring that the building is cleaned properly and regularly or monitoring the performance of contractors (e.g. builders, electricians). The term “facility management” is similar to “property management” but often applied only to larger and/or commercial properties where the management and operation is more complex. You can be trained formally or informally for these things depending on how far you want to take your game.
Mortgage: Mortgage provision fuels real estate all over the world and there are a number of disciplines associated with providing mortgages. There is the mortgage broker, the appraisal, the credit bureau or credit listing outfit, the banker e.t.c
Training: Training is always a continuous thing, more so because of the boom about to be experienced a lot of people will need adequate training to fit in and you will be in big business as a provider of the organised knowledge being sought.
There are other areas that space will not allow me to talk about, for example a lot of opportunities exist in the hospitality industry.
To take advantage of these things you may have to acquire relevant training first. Get Trained! You can’t risk not been prepared for the task ahead, don’t rubbish your name in quackery.
You can get in touch with our School of Estate ™ to get the kind of training required. The second batch of our Entrepreneurial Class just started lecture August 2, 2008 and should be rounding up in another seven (7) weeks. Join now, while you still have the chance and prepare yourself. Remember the saying of a Wiseman “luck is when preparation meets opportunity”. Get lucky, because you need it!
QUOTE(S)“An adventure is only an inconvenience rightly considered. An inconvenience is only an adventure wrongly considered.” –G.K. Chesterton“The person who is not hungry says that the coconut has a hard shell.” — African Tribal Saying
“Speak in anger and you’ll give the greatest speech you’ll ever regret.” – Anonymous
Posted July 13th, 2008 by Debo
I heard an interesting definition of P.O.O.R sometime ago. I understand it stands for Passing Opportunities Over Repeatedly. What a precise definition. The truth is, in life we all have our opportunities in adequate proportions but while a fellow makes the utmost of his/her opportunities another just watch them slip off without enough effort at seizing them or worse still, some folks don’t even recognise the opportunities when they knock.
We have interviewed a lot of people along the line of property acquisition in the course of our publishing career, in all of the sessions they would always say getting the property at the time they did was not easy but they had to do what they had to do and now, they are so grateful to God that they did not pass off the opportunity.
Anyone who has tasted genuine riches must have done it by daring, blazing the trail or going against some tide. That experience usually rivets a kind of wealth acquisition instinct into your being such that appropriate risk taking becomes second nature to you. It is that ability to take risk that separates the rich from the poor and the ability to continue to take such risk that ensures the rich will always get richer while the POOR gets poorer.
But before I go further on the topic of this article, permit me to say a big Thank God. Why? We were able to fulfil our plots handover promise for Saturday June 28, 2008. Catch my drift now? Over 60plots were physically allocated and clients can start to building immediately. The next plot handover day is scheduled for Saturday September 27, 2008 and the way things are going, we hope to allocate over 200plots on that day. If you are a subscriber and you are interested in getting your allocation in September, just make arrangement to pay up on your subscription for land, survey and documentation fees on or before August 31, 2008. We usually require nothing less than 30days to prepare for plot handovers.
That said, I do like to say a very big congratulations to the first partakers of Prime Estate 1 & 2. We appreciate your trust and patronage. I also wish to express my profound appreciation to the team that is making this possible, I mean the staff of RPL, our PAPEP members, Agents, Consultants and Friends in this business of housing. I thank you, June 28 was as much your day as it was ours because without you there can be no us. Accept my million thanks.
In appreciation of your patronage and as a follow-up to an article I wrote on how to get mortgages for your building project we are organising a free – Customer Appreciation Workshop on Saturday July 19, 2008. The time is 10.30am and our over 150 people capacity training facility in the office is the venue. Don’t even think about missing it! We have secured firm confirmation of participation from 3 Banks/Mortgage institutions. They will be on ground to have a one-on-one with you at the workshop. The idea, you can start raising money from your building project right from the venue. I will strongly suggest you mark your diary now and make plans to be there. You have everything to gain and nothing to loose. We remain committed to helping you Sack Your Landlord ™ this year except you choose not to.
The rich or whoever will be rich must see opportunities where the POOR sees impossibilities. I have come to a point in life where I know and believe that there is no such thing call impossible. Get me right, it is not that I have watch too much of BankPHB’s advert. That I can not do something at a particular time for some reasons does not make it impossible. It simply means I have room for improvement and once I get the education I require, the “impossible” becomes possible. Is it impossible for a baby of 3months to run? Yes, but only till such a time when his muscles would have become better exercised, say another 21months.
It is in resolving “impossibilities” that the rich make more money. Take real estate as a case study. How many people wanted to live in Magodo in the early 80s, when it was still a thick bush? Who could afford to spend N60,000/sqm on a Lekki Phase 1 plot in the mid 1990s? Do you realise how much the popular VGC sold for when it started as against the selling price now? Why the change? How come people are now all of a sudden so willing to doll out cash on properties in these areas? What is just time that happened on those places? Definitely not, some people (either in Government or Private individuals) “saw” into the future and created havens from jungles.
The same opportunities litter our landscapes today and the POOR are doing their thing while the rich is getting richer by taking investment positions. Where do you belong?
Challenge yourself, we have an opportunity in between Omole II and Magodo for a miserly N4.4m payable in 4 instalments. Land Project is a site and service estate to be delivered in 6months maximum. Call Kola on 07028195526 or Peter on 07028313004 to register your interest or for further details.
See you at the Top!
QUOTES “How we spend our days is, of course, how we spend our lives.” – Annie Dillard “Moral excellence comes about as a result of habit. We become just by doing just acts, temperate by doing temperate acts, brave by doing brave acts.“ – Aristotle“Habits are first cobwebs, then cables.” — Spanish Proverb
Posted June 29th, 2008 by Debo
Residential plots in Prime Estate phase 2 started out in October 2007 at N360,000 (Three Hundred & Sixty Thousand Naira) only per plot excluding fees such as survey, documentation and development. The last residential plot sold within that estate was done in May at N800,000 (Eight Hundred Thousand Naira) Only.
Some guys heard in October 2007 but did not buy simply because they wanted to see if the estate shall become something of our dreams as presented in our marketing outings to them before they buy. Some of those people have had to buy N500,000 or N800,000 per plot now realising they have waited enough and the project should do the rest of the waiting going forward. Unfortunately, there are others who are still waiting.
Waiting for what really? While I do not subscribe to just joining the bandwagon of things and playing along, I also realise that it is not just time that does not wait for anyone, opportunities too, do not have that patience. When you loose one, you had better settle for another, because the exact one you loose isn’t coming back to you. Once lost, it’s gone for keeps. Investment opportunities in landed properties are just that way, particularly good ones.
So, my advice is do all you have to do and ensure you get all the necessary information required to take a prompt decision on a landed property deal while you have the chance. Your “buy” or “let go” decision has to be prompt and decisive to avoid any regret in the future.
June 28, 2008 is our appointment with subscribers that have fully paid up on their plots within Prime Estates as we shall be handing over their plots to them on that day. The next physical plot(s) handover ceremony comes up on Saturday September 27, 2008 for subscribers who would have paid up on their plot(s), Survey and Documentation fees on or before August 31, 2008.
We do not have fresh residential plots for sale anymore except for the plots that are being withdrawn from defaulters. With the situation as it is, I foresee the price per plot hitting over N1million before the year runs out. There is no gain saying that the person who had the opportunity to buy at N360,000 per plot last year October but didn’t lost out big time in the final analysis.
No matter how you look at it, it is a painful way to learn the maxim; “Don’t wait to buy Land………
Buy
Land and Wait……”
Who or what will you then be waiting for after you have bought? Well, you will be waiting for the guy who has not read this article and won’t buy when you are buying because he will be ready to buy when you are ready to sell. In life, there will always be the buyer and seller for any transaction to go through. The aim of this piece is to help you be in the best position to make the most return as the early buyer selling to the latecomers.
Another opportunity beckon, in a matter of weeks we shall be introducing some penny property investment opportunities you can take advantage of. Keep a date with Prime Assets Plus and we shall not fail to inform you in due course.
I hope you are making plans to attend our Saturday July 19, 2008 Customer Appreciation Workshop on “How to Get NHF & Other Mortgage loans and Sack Your Landlord ™”? It is FREE and you should be there. We are making plans to have at least 2 Banks on hand for all your mortgage requirements. We are committed to helping you Sack Your Landlord ™ this year except you choose not to.
See you at the Top!
QUOTES
“Do first what you dread the most.” – Anonymous
“Wherever you are — be there.” – Anonymous
“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” — Goethe………………………………………………………………………………………………………………………………………….UPCOMING EVENTS
Watch REALTY POINT on STV weekly
We have commenced airing on STV every Monday morning between 9am – 10am within the Hosanna Hour belt. We have a 10minutes slot within the belt. This is the starting point.
Kindly watch and write to us to let us know how it is blessing you.
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Real Estate Investment Forum with Debo, July Edition
Were you at the June edition of Real Estate Investment Mentorship Forum with Debo? How did you find it? If you think it’s the best thing to happen to you in June, I will say you haven’t seen anything yet, wait till July edition.
The truth is, we are determined to keep getting better and better by the month. I shall be bringing a PRIME landed property deal in
Lagos come Saturday July 12, 2008. Time remains 3pm – 6pm. As usual, I shall be having an investing partner with me on that day.
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AN OPPORTUNITY TO INVEST IN
DUBAI IS STILL AVAILABLE AS WE TOUR THE COUNTRY IN JULY
Our other partners from Dubai shall be with Mrs. Ezinwanne Ajayi in July and together they shall hold investors’ open house sessions and conduct investment seminars in Lagos and
Abuja.
Watch out for more information why you prepare to attend the one close to you. Sincerely,
Dubai is where it is happening and you should not miss out on it.
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Now, we have the Audio CD pack (2 CDs) that captures all you need to know about real estate investment opportunities in U.A.E especially
Dubai. Get to listen to our very own International Real Estate Investment Expert – Mrs. Ezinwanne Ajayi on International Property Markets & Profit Strategies. Price is N3,000 per pack, order your copy now. To order call 01-4346687, 8964527 or visit our office at ONIGBAGBO HOUSE, 3
rd Floor. 29,
Mobolaji Bank-Anthony Way
, Ikeja,
Lagos
Free delivery available within
Lagos
State only.
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NEWS & UPDATES
Wants to hold A Seminar/Training/Workshop/Conference/AGM, etc?Our Facility is for Rent;
We have up-to-date, top-of-the-notch fully furnished training/seminar venue facility for rent all year round.
The location is unbeatable: ONIGBAGBO HOUSE (3rd Floor) 29,
Mobolaji Bank-Anthony Way
, Ikeja,
Lagos. Beside Gtbank but before
Etiebet Place
.
We have space for 30, 50, 100, 150 and 200 people.
To book our facility for your use or make further enquiry, call 01-4346687, 07028023398, 8964527, and 08055408612.
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CURRENT PENNY REAL ESTATE INVESTMENT OPORTUNITY ON OFFER:
Don’t blame us if you miss this penny real estate investment opportunity because we have being announcing it since the beginning of the month of June and our stock is fast depleting. While the estate developer is selling for N600,000/plot payable over a maximum period of 12months, we have limited plots for sale at N550,000/plot payable over 12months. This is a N50,000 discount , you can call Peter -07028313004 or the office for more information or a purchase decision. Site inspection can also be arranged as soon as possible.
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AN
OPPORTUNITY KNOCKS
Heard about PAPEP before? PAPEP is an acronym for Prime Assets People’s Empowerment Programme. It is our marketing partnership initiative whereby individual/corporate members of the public can join as independent marketers of our products and services for an attractive commission. You can do this full or part- time.
The products/services include but are not limited to;
ÿ Landed properties in our Estates and Estates of other developers that we partner
ÿ Advert slots in our publication and/or subscription– Prime Assets Magazine & Prime Assets Plus
ÿ International Properties – Dubai & co
ÿ Seminar, Conference and
School of
Estate attendance
ÿ Space in our Training facility
ÿ Building Materials – Steel Doors, Cement, e.t.c
ÿ To Let/For Sale and Property Management referrals
ÿ Books and others
We have different categories of independent marketers under this arrangement each allowing for varying degree of commitment and support in terms of time and effort.
We provide adequate logistic support and training for all at little or no cost.
We have PAPEP members that have made millions in the whole as commission and there are members who go home with hundreds of thousands monthly.
To join or for more enquiry and application call Amen on 01-8964527, 4346687.
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ADVERTISE FREE on PRIME ASSETS PLUS for the next 3months.
Prime Assets Plus: We have decided to turn this to a project in Realty Point Limited, it is with great pleasure that we offer all our partners and prospects an opportunity to advertise in Prime Assets Plus (Black & White, inside pages adverts only) free of charge from now till the 11th Issue on August 23, 2008.
All you have to do is call Dele Oguntade on 08066592330 or Ayo George on 07028023394 and your advert will be processed.
How it will work
- Call Dele/Ayo
- Provide typed copy of your advert
- Send it to our email address: realtypointoffice@yahoo.com
Titled: Prime Assets Plus ADVERT
Or
- Send the hard copy to our office ATTENTION: Dele Oguntade/Ayo George (this will be scanned).
Pronto, your advert shall be carried provided it gets to us on or before 4pm on Thursday preceding Friday of Production. We are out every 2 weeks.
We take ADVERTS in the following categories: Real Estate, Automobile, ICT and Job vacancy.
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If your vendor does not have Prime Assets Plus ask him to call Monday Alake – 01-8964527, 01-4346687 so he can be supplied immediately. When next you check him and he still does not have it, text his name, phone number and location to 08067003465. Otherwise, fish out a vendor who has it.
Posted May 28th, 2008 by Debo
Top of the day to you over there,
My name is ‘Debo and I would like to invite you to my real estate mentorship class.
My classes are not seminars or workshop, rather a real one-on-one, face-to-face sessions once every month with you in a group, taking on the nitty-gritty of real estate investing opportunities, challeng