I've met one of the greatest tycoons in real estate investments - Donald Trump - via his books. He offers invaluable information that we can all benefit from. The book I am focussing on now is titled The Best Real Estate Advice I Ever Received (100 top experts share their strategies). I am still learning a good lot from it and will gladly share some 3% of the insights with you. If you want more, contact me personally... Smiles.
- Invest where the wealthy like to play: When you manage to do that, you have successfully changed your economic status. Your social networks has dramatically improved as you'll be robbing minds with the rich.
- Buy the best (location): The best will always retain its value and appreciate at a faster rate. Personally, I know the best is the location that has the highest projection for returns on investment both in the near future and in the long run. I was at UBA Headquarters, CBD, Marina, Lagos, last week for a business meeting. There, a lady named Rebecca told us how a plot of land in Nicon Town Estate sold for N6million about 6 years ago and how a uncle of hers struggled to no avail to buy a plot there today for N200million as the value has appreciated beyond that. That amounted to a staggering 540% average annual appreciation, approximately. I submit to you boldly that another genuine investment that can guarantee you that in our very unstably volatile economy is very rare.
- Invest in an area where growth is coming: According to William J. Boykin, who founded Boykin Lodging Company in the USA, the best real estate advice he received was "Always develop in an area where growth is coming. If you're a little early or wrong in some way, the growth will bail you out. If you develop where growth has been and growth is not continuing, when you are wrong, you are wrong forever." Hmmm... An example of such a location is an affordable one below.
Listen to Dangote himself speak in the attached video at the bottom of this post after reading through. That should suffice in painting the picture to the smart you.
While planning for a presentation with a senior colleague last week, Tuesday, November 22, 2016, we analysed market trends in the LFTZ in the past 6 months (From May to November, 2016), working on sample real estate companies that major in that axis, as illustrated in the chart below. We discovered that within the period, landed property value has appreciated by about 250%. Even MMM only promises 180% in 6 months and does not guarantee a secure investment! Note the upward trend in the bar and line graphs. Actually, the upward trend is just starting. Never lose sight of the fact that the estimated real appreciation has not yet begun there. It will when, at least, a major project there, like the Dangote Refinery, is completed in 2018. Also remember the fact that the steady growth was recorded this year amidst a serious economic recession. Without much ado, I tell you that the future is already here if you can see it. Do not wait to invest there if you can strive to afford it now. It will be a costly mistake. Rather, invest there now and patiently wait. Then you can thank me later if you so wish.
There are several reasons why you need to invest in that axis. You just MUST not miss it. It is the best location in the country. Landmarks it features are: the new Lekki International Airport, the new Lekki Deep Seaport, the Lekki Free Trade Zone, Dangote Refinery, Dangote Estate, the biggest tourist Beach Resort in West Africa (La Campagne Tropicana), exquisite golf courses, 4th Mainland Bridge, Lagos Business School (LBS), The proposed Lekki Smart City project (a partnership with MoU already signed between Lagos State and Dubai Holdings company), proposed Catholic University, several well-structured and gated estates, and many more coming up. Just wait and watch your investment grow.
If you like this information, go ahead and share with your friends and loved ones, especially those in the diaspora, like the US. We do not know what the future holds for them. They can still easily invest back home, now.
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