Posts

Showing posts from August, 2016

Land Grabber Sentenced to 3 Months in Prison for Beating up Site Worker in Lagos

Image
Two weeks after Lagos state government signed into law the Property Protection bill which is aimed at putting an end to land grabbing in the state, an Ojodu magistrate court yesterday sentenced a land grabber otherwise known as Omo Onile, 37 year old Lekan Adetona, to three months in prison for beating up a site worker who refused to give him money at a site at Anobi Street, Alapere, Ketu. According to the victim who is a welder, Lekan connived with others still at large to severely beat him up when he refused to give them money. He said on the day of the attack, he had gone to meet some of his friends at a site on Anobi Street, where they were to carry

Common Mistakes Realtors & Investors Make - Pat Hiban

Image
“I want to inspire entrepreneurs to do something a little more with their business than just making a profit.” These are the words that stuck to my mind during and after my interview with Gary Griffiths. It caught my attention because we have the same point of view. Making a profit is the main goal of every business. What you do with the profit and how you position your business are different things entirely. Gary Griffiths is no stranger to real estate and marketing. In fact, he co-founded Three Sides Local – customized Facebook ads that are proven and tested to help attract more leads for

Lagos State Government Issues 14-Days Ultimatum to Owners of Illegal Structures, Street Hawkers in Ikoyi, V/I, Lekki

Image
…Issues 14-days ultimatum The Lagos State Government on Sunday read the riot act to all the owners of illegal structures, shanties, street hawkers and those who have converted walkways into trading points and food courts in Ikoyi, Victoria Island and the Lagoon Front of Lekki, just as it issued a 14-day grace period to remove such illegal structures. In a statement signed by the Secretary to the State Government (SSG), Mr Tunji Bello, the State Government warned

3 Reasons You Should Find Cash Buyers & Motivated Sellers

Image
Do you know that –Motivated Sellers need Investors just as much as Investors need motivated sellers for the best wholesale & rehab flip investment deals.  Real Estate Investors are SOLUTION providers for distressed property and motivated sellers. I’ve included below three reasons why INVESTORS are important for motivated sellers. Motivated Seller #1 – Can Sell Property As-Is Easier Investor’s will not want a brand new shiny fixed up in perfect condition house. They will not quibble or bargain

WHAT IS LAND GAZETTE? AND WHY IS IT IMPORTANT?

Image
I am very sure a lot of people do not know or understand the meaning of a gazette or its importance. This article is to enlighten the public on what a gazette is or what it does. A government gazette is a periodical publication that records the business and proceedings of a government and has been authorized to publish to the public for legal notices. It is usually established by statute or officials whether by the government or a private party, it is usually considered sufficient to comply with legal requirements for public notice. Gazette provides a permanent official public record of important statutory and non-statutory notices that can be

Real Estate Success Stories - Erica Henry

Image
Landlord Revamps Property To Net Extra $4800 Hi Investors! My name is Erica Henry and I am proud to say that I am a Landlord in the Tacoma Washington area. I have been a real estate investor for the past 10 years. After I got laid off from Sun Micro Systems tech company, I took my severance check and bought a 4-plex. I moved into one of the vacant apartments and rented out the other three vacant units. I picked up this "dump" for cheap, because it need many repairs and the previous Landlord died and his daughter lived too far away to care for the property. I purchased the property 380 Stevens Ave for $209,000. I put

Cross River Partners German City of Dortmund on Solar Homes

Image
Governor of Cross River State, Ben Ayade In a bid to bring succour to displaced people of Bakassi, Cross River State Government has entered into a partnership with the city of Dortmund in Germany for the building of solar powered houses. Governor Ben Ayade who announced the development, also unveiled plans to build a beach resort in Calabar. He said: “Having shared the concern of the displaced people of Bakassi who by

Lagos Compensates Owner of Demolished Property

Image
Lagos State Government has paid the sum of four million Naira to one Mr. Monday Imoni as compensation for his property that was demolished for planned road construction exercise embarked upon to create new access roads for motorists and pedestrians in Orelope area of Alimosho Local Government. The Commissioner for Works and Infrastructure, Engineer Ganiyu Johnson presented the cheque to Mr. Imoni, owner of the building located at 6, Fadahunsi Drive, Gbeleyi, Pipeline, at his Alausa office.

No More Room for Land Grabbers, Foundation & Roofing fee and Sponsors in Lagos State

Image
The Lagos State Government on Monday expressed its resolve to fully enforce the Properties Protection Law recently signed by the State Governor, Mr. Akinwunmi Ambode, just as it threatened that it would not hesitate to use the instrumentality of the law to decisively deal with anyone who forcefully dispossess people of their legitimate rights to land. The government said it would also not allow anyone forcefully collecting money for foundation, roofing and fencing, among others.

Delta Workers Seek Revival of Housing Loan Scheme

Image
Housing The leadership of the Delta State civil service union has called for the revival of the moribund housing loan scheme to enable civil servants in the state own houses. The union leadership while addressing journalists in Asaba after a courtesy visit on the Head of Service (HOS) in his office, noted that the scheme had been moribund in the past two years and appealed to the state Governor, Dr. Ifeanyi Okowa to look into the issues

Investors, Lagos Plan Modo Heights Residential Estate

Image
The proposed Modo Heights estate, Lagos Another initiative aimed at increasing the housing stock in the country has begun in Lagos under a joint venture scheme. The project will yield over 450 units residential accommodation. The firm of CARIFOS is promoting the new venture, located on the new eight-lane Mile 12 Ikorodu Town Expressway, in partnership with Imperial Homes Mortgage Bank Limited and the Lagos

Real Estate Success Stories - Rando

Image
Newbie Successfully Learns To Wholesale On First Deal Nobody would believe this story except we got the checks to prove it. It was really so simple it's crazy. A newbie investor named Shaunte, from Baltimore Maryland, read my post on this site about making money while watching Judge Judy. She contacted me asking for help and I instructed her to place ads on Craigslist using the heading line: "I Buy Houses for $CASH$" Shaunte soon got a call from a wholesaler that had a junk house on contract for $6,000 and he wanted 6,000

Steps To Success In Real Estate – Networking- Gino Barbaro

Image
Real estate, like so many other businesses, is all about the relationships you develop and running the numbers before you make an investment.  It has become easier to network in this day and age due to the Internet and social media platforms. Did you know sites, such as LinkedIn, allow you to seek out the decision maker of a company in a matter of minutes.  But what do you do once you make the connection? Networking Keys for Investors Some keys to networking are: 1. Build rapport.  Try to find something that you and your prospect both share

A Law Prohibiting Forceful Entry (Land Grabbers) and illegal Occupation of Landed Properties in Lagos State has been Pass & Sign into Law Today.

Image
A Law Prohibiting Forceful Entry (Land Grabbers) and illegal Occupation of Landed Properties in Lagos State has been Pass & Sign into Law Today. Speech Delivered at the Signing Into Law of the Lagos State Neighbourhood Safety Corps Law and the Lagos State Properties Protection Law at the Lagos

How Did Self Made Billionaires in Real Estate Make Their Money?

Image
Leigh York, view: In real estate, you make your money when you buy.  I suggest rental property.  In the long run, it makes more money and it gives you leverage to purchase more property.  Start with one and gradually buy more as you can afford it.  You're not looking for properties that are in distress or need a great deal of work.  You're looking for properties that will rent quickly at 10% or more above your carrying costs (payment with taxes and insurance, property manager).  Don't spend the profits to live on.  Save them.  You'll

My life as an Estate Surveyor, Valuer, by Odudu

Image
WILLIAM ORUKA ODUDU is the Chairman of the Estate Surveyors and Valuers Registration Board of Nigeria. Known for his corporate leadership, Odudu holds strong views on estate management, the housing industry and its effects on societal growth.  The renowned fellow of the Nigerian Institution of Estate Surveyors and Valuers and Fellow – Royal Institution of Chartered Surveyors (RICS) who founded the first estate surveying office in 1976 in Kwara State, by name Odudu and Company, spoke to The Guardian’s BERTRAM NWANNEKANMA on several issues affecting the profession, his life,

5 Tips For Attending Real Estate Clubs & Investing Associations - Camille Baptiste

Image
Local REIA clubs (as they are referred to) have been around for decades and most are non-profit associations whose members gather together monthly to share ideas and network. Local real estate clubs meetings serve as great opportunities for investors to attend and network with other real estate investors, agents, brokers and people interested in the real estate investing market. Attending a meeting at your local Real Estate Club may also provide you with educational information, and deal-making opportunities.

IMPORTANT NOTICE: BADAGRY DEEP PORT

Image
Phase 1 This is to inform all that BADAGRY PORT DEVELOPMENT LTD (BPDL) has not and will not engage any company or individual as recruitment agency  or agents. The company also has only one website www.badagry-port.com Any interested applicant should visit the above website for advertised posts. You can also send your application to

Lagos State to reform Real Estate Transaction

Image
The Lagos State Government has reiterated its commitment to reform the Real Estate Transaction Business in the State through the Lagos Estate Management Information System (LAGEMIS). The Commissioner for Housing, Prince Gbolahan Lawal, who stated this recently in an interview with news correspondents, said the Agency will soon adopt an IT based innovation that is a one-stop solution to the myriad of challenges associated with the enforcement and management of the Lagos State Tenancy Law.

Forget London, The Chinese Now Gobbling Up Luxury Housing In China

Image
Shanghai luxury real estate seen going from $15,000 per square meter to at least $18,000 within a year as Chinese sticking to home these days for high end real estate. (Image provided by Shutterstock) The Chinese can’t get enough penthouse luxury. They’re pausing overseas, as the government clamps down on capital flight, and are busy gobbling up luxury high rise apartment buildings in Beijing. So much so, in fact, that the price for luxury towers in the city just hit a record high of more than 70,000 yuan per square meter, or roughly $10,500 per square meter. (One square meter is equal to nearly 11 square feet.)

Real Estate Success Stories- Randy Phillips

Image
My Amazing First Wholesale Deal They say you always remember your first kiss and your first Real Estate deal. I purchased a book on doing Real Estate Deals that I had seen on a late night TV commercial. It promised I could make a lot of money without having money or credit. I was desperate, I didn’t have any money or credit and the book was only $19.95+ $5 shipping. It’s funny because - I wasn’t skeptical at all - and I knew I could do it! I followed the instructions in the book and got a list of absentee owners and

Lagos, FG Partner on Affordable Housing for Federal, State Civil Servants

Image
As Federal HOS leads technical delegation to Ambode The Lagos State Government and the Office of the Head of Service of the Federation on Thursday commenced talks on partnership for the massive provision of affordable housing for Federal and State civil servants to address housing deficit especially for workers in the State. Head of Service of the Federation, Mrs. Winifred Oyo-Ita, who disclosed this while leading a technical delegation to Governor Akinwunmi Ambode at the

Richest Real Estate Billionaires In 2016

Image
1. Wang Jianlin Forbes Rank: No. 18 Net Worth: $28.7 billion Citizenship: China Wang Jianlin dove deeper into the realm of American entertainment in January 2016, announcing that his Dalian Wanda Group will spend $3.5 billion to buy U.S. film and TV production company Legendary Entertainment. In 2013, Dalian Wanda bought U.S. movie theater chain AMC Entertainment Holdings for $2.6 billion. Companies controlled by Wang have spanned the globe in recent years: In January 2015 Dalian Wanda bought 20% of Spanish soccer team Atletico Madrid and in August 2015 it purchased the organizer of Ironman Triathlons for

WHEN IT COMES TO BUYING A HOME, ARE YOU A DONALD OR A HILLARY?

Image
Credit: CNN Are you bold and independent, not considering anyone's opinion but your own? Or are you more cautious and studied, making sure your choice is accepted and appreciated? Do you buy like a Trump or claim your home like a Clinton? There are pros and cons to both, depending on the situation. And, there are things you can learn from each of the presidential candidates that can make you a more successful real estate buyer. Having confidence It's no secret that Donald Trump will say anything to anyone at any time, regardless of (and sometimes in spite of) the potential blowback. Meek the man is not. Hillary Clinton is naturally more mild-mannered and careful in her

How To Flip Property For Maximum Profit – Funding- by Matt Andrews

Image
For a dedicated wholesaler, the goal is always to flip the properties as quickly as possible using as little of their own capital as possible. However, sometimes you will find yourself in a position where you need some real capital to get a deal done. After you absorb this blog post you will be able to: Explain the difference between conventional, private, and hard money lendingMatch the funding to the deal Maybe you want to buy and hold some properties. Maybe you know you can sell a property, but just need a couple more weeks to get it done. Whatever the reason, short term capital secured by real estate can be a confusing concept to the new real estate investor. Let me break it down for you. Funding Options for Flipping Properties Here are your funding options for flipping real estate deals for maximum profit :

Report Charts New Course for Lagos Housing Market

Image
Roland Igbinoba The relationship between income and affordability of housing as well as ability to meet equity contribution for accessing mortgages for various income groups are the basic elements in the interplay between the forces of demand and supply in the housing sector, a study has revealed. The report, which is the second in its series, by the Roland Igbinoba Real Foundation for Housing and Urban Development, titled the State of Lagos Housing Market has taken a critical

Lagos to Demolish Structures Under High-Tension Cables

Image
Lagos State Commissioner of Physical Planning and Urban Development, Anifowoshe Abiola Wasiu. Poised to maintain a liveable and friendly environment, the Lagos State Government has expressed its resolve to implement the State’s Urban and Regional Planning and Development Law 2010. The law did not only prohibits building under the centre-line of over-head electricity wires, it also in very clear terms specified the distance to be

How We Plan to Execute New Housing Scheme for Civil Servants, by Official

Image
Yemi Adelakun The Federal government has thrown more lights on how it planned to execute a new housing scheme for civil servants in the country. Under the scheme, known as the Federal Integrated Staff Housing (FISH) programme, government will use the instrumentality of the office of bureaucrats to provide necessary infrastructure and also get the required expertise from the civil service, as there are civil servants who are Surveyors and Architects.

Eko Atlantic, Opportunity for British Business

Image
Acting British Deputy High Commissioner to Nigeria, Ahmed Bashir (left); British High Commissioner to Nigeria, Paul Arkwright; Development Director, Eko Atlantic City, Pierre Edde and UK Prime Minister’s Trade Envoy to Nigeria, John Howell during a tour of Eko Atlantic City by the UK Prime Minister’s delegation . One of the world’s most advanced new cities being built on the shores of the Atlantic Ocean in Lagos – Eko Atlantic City has been described as a great opportunity for British businesses to make a difference in Nigeria. British High Commissioner to Nigeria, Paul Arkwright said during a tour of the project site by a trade delegation of the British Prime Minister led by John Howell, a Member of Parliament and British Prime Minister’s Trade Envoy to Nigeria. Arkwright said he was amazed by the sheer size and ambition of the project,

3Invest, Lifestyle Property Lunch Accra’s Riviera Apartments

Image
The proposed Riviera apartments in Accra, Ghana A real estate investment company, 3INVEST Limited is seeking investors’ patronage in the Riviera Residence waterfront apartments, which was unveiled recently in East Legon, Accra, Ghana. Coming as collaboration with Lifestyle Property Development (LPD), Ghana, Riviera Residence is a unique mixed-use development encompassing an all-inclusive city living lifestyle, play and leisure experience overlooking a magnificent man-made lake.

Approval Orders: What Can You Build on Your Land in Lekki Axis?

Image
The Lekki Master Plan The Lekki sub region is a vast area and is the subject of different Approval Orders, so to get a grip on this subject, it is wise to segment the area. The best way to do this in planning terms is to differentiate between Government Estates and privately held areas. The Government Estates where land is available for sale are the Lekki Phase 2 and Abijo GRA Estates.

Long Bridge not Maintained for 40 Years – Fashola

Image
Minister of Power, Works and Housing, Babatunde Fashola The Minister of Power, Works and Housing, Mr. Babatunde Fashola, said on Thursday that the Long Bridge at the Lagos end of the Lagos-Ibadan Expressway was not maintained for 40 years. Fashola, who spoke in Lagos during a tour of the metering factory of Mojec International Limited, said the repair work on the bridge and a section of the road would last till the end of December. He said, “Contractors have been mobilised to site and I get all of the complaints. I must express my

Expensive Land Scaring away Industrialists from FCT – MAN

Image
Minister of the Federal Capital Territory, Mohammed Musa Bello The Manufacturers Association of Nigeria on Thursday lamented the high cost of acquiring land within the Federal Capital Territory, stating that the development was currently scaring away industrialists from Abuja. The Executive Secretary, MAN, Mr. Okpe Sunday, stated this at the third Annual General Meeting of the Abuja branch of the association. He lamented the current dilapidated state of infrastructure within the industrial layouts in Abuja, noting that the development was putting a strain

Sales of Luxury Apartments Drop Amid Recession

Image
The sale of luxury properties across the country has dropped significantly, stakeholders in the housing sector have said. Real estate developers, who spoke with our correspondent, said most brokers, who used to sell as much as 10 high-end buildings in one year, ranging from N100m upwards, could hardly sell one presently. The National General Secretary of the Real Estate Developers Association of Nigeria, Mr. Akintoye Adeoye, said the

Real Estate Success Stories - Sandor Gross

Image
Hi. My name is Sandor Gross. I am a fairly new real estate investor. New Part Time Investor Makes $5000 Using Craigslist For the last 14 years I have owned and operated a landscape business, in which I am my own boss. After many discussions with my wife, and the physical work and demand I put on my body on a daily basis, I have set a goal to retire from the landscape business in 5 years from now. I have come to realize the fact that even though I retire, I will not have enough money to live on, pay living expenses, and be able to support my family and put 3 kids through College. So I decided to make a change and learn something new

Plots & Acres of Land for sale at Bolunrubelu Shapati Ibeju Lekki.

Image
Plots & Acres of Land for sale at Bolunrubelu Shapati Ibeju Lekki. Price: N2m per plot Title: Gazette For further details and inspection

Advert: Plots & Acres of Land for sale Kajola Ibeju Lekki

Image
Plots & Acres of Land for sale at Kajola Ibeju Lekki after Lakowe Gulf Lagos. Price: N1.5m per plot Title: Global C of 0. For further details and inspection

10 Things to Consider for Any Real Estate Investment Property

We often get asked how to invest in real estate and what should investors should be looking for in an income producing property. It can be overwhelming for a first-time investor, as the real estate investment industry is riddled with various scenarios and situations that can decimate your returns. While the returns can be lucrative, proceed with caution. Toronto realtor Matt Smith has shared with me his extensive experiences in helping investors both acquire and manage single-unit condominium investment properties. These are a very popular vehicle for investment in both Vancouver and Toronto, where both supply and demand for these units seems to be endless. In Toronto’s Downtown Bloor Yorkville area alone, there are currently eleven projects, all over 50 stories, that will bring thousands of condominium units to the marketplace for both investors and renters.

Steps To Success In Real Estate – Choosing A Niche

What does it mean to choose a niche in real estate? Most newbie investors, myself included, become overwhelmed with the choices and strategies available in real estate.  I often compare it to being in line at a buffet, with countless tempting choices in front of us.  But, as we all know, some choices are far superior than others.  I am not here to tell you which choice is better.  I am only here to tell you to pick one choice, focus all of your energies on that choice, master that niche, and then begin to invest exclusively in that niche. Some investors may have no capital to begin their investing. Wholesaling may be their best option to jump into real estate. My recommendation would be to master the wholesaling platform, crush

FEDERAL GOVT APPROVES BADAGRY DEEP SEAPORT PROJECT

Image
The Federal Government has approved the construction of a bigger seaport in Badagry, in Lagos State. Minister for Information, Lai Mohammed, who disclosed this at the end of the Federal Executive Council meeting held in Abuja, today August 3, 2016 said the project would be built by the private sector. Minister for Power, Housing and Works, Babatunde Fashola, who also spoke,

How to Buy Real Estate Overseas with a Self-Directed IRA

Image
Landlords grow rich in their sleep without working, risking or economising.”  ~ John Stuart Mill A majority of the investors would agree with the English philosopher, especially with the positive sentiment growing throughout the US real estate market. With a well-thought strategy, adding real estate to a retirement portfolio could beat wavering stock market returns over a long period of time.

Auctioneer Set for N8.9b Abuja Royal Tropicana Hotel, Others

Image
Amid high rate of foreclosures, loan defaults and stressed assets in the financial market, an Abuja-based independent real estate consultant is establishing a first-of-its-kind property auction in Nigeria to sell distressed and non-distressed assets at almost half the price of their value. The auction market offers a chance to buy property at a low price. Reportedly, auctions are the proven and popular way of buying and selling properties in

Foreign Buyers to Face New 15% Extra Property Tax in Canada

Image
A new tax for foreign property buyers is being introduced in British Columbia in Canada in an attempt to cool escalating house prices. The 15 per cent foreign buyer tax will be effective from  August 2, 2016 at a time when prices in the province’s capital city Vancouver are escalating. Indeed, the latest global cities index from international real estate firm Knight Frank shows that prices in the city have increased by 17.3 per cent in the mainstream market and by 26.3per cent in the prime market in the year to March 2016.

Advert: VIP GARDENS ON SALES AT DELTA, ENUGU, ANAMBRA, IMO STATE

Image
Join Pertinence Ltd owners of ABC and VIP GARDENS in our crusade one man one plot if land as we take our crusade to the eastern part of Nigeria namely, IMO STATES , ENUGU STATE , ANAMBRA STATE and DETER STATE. ALL OUR LAND ARE FREE FROM GOVERNMENT ACQUISITION AND LAND JOBBERS.

4 Things to Look for When Evaluating a Property

Image
Choose the right property and you’ll reap the rewards; the wrong one will end up costing you dearly. Even the most experienced real estate investors occasionally find themselves on the losing end of a deal. Don’t let that keep you from investing, though. You can minimize the potential for losses if you remember these four things to look for when evaluating a property. Property Location Perhaps the most important aspect of real estate investing is the location of

See Innovation: The £19billion Underwater FLOATING Tunnels

Image
The £19billion underwater FLOATING tunnels that could halve a 21-hour drive and change the way you explore Norway's coastline There are seven ferry crossings on route E39 in Norway between Kristiansand and Trondheim - a 21 hour