Investing in Real Estate in Nigeria in 2024 | My OPINION | Flo Finance
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- เผยแพร่เมื่อ 23 มี.ค. 2024
- What I think about investing in real estate in Nigeria in 2024.
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I don't understand Nigerians who travel abroad to go make money so they can comfortably build and invest in Nigeria, and then start complaining that their investments in Nigeria is not giving them enough returns to pay bills in the West.
Why are you planning to use your Nigerian money to pay bills in the West? Does that not defeat the entire process of retiring comfortably in Nigeria?
Imagine someone who built four flats/apartments in Nigeria for say N30M, and can live in one of those flats and rents the other 3 flats at N1M per year. Even if they reserve repairs at N50K per month, this means they can net N200K per month from these rentals, if they were living in Nigeria. That is a lot of money for them to live on in Nigeria.
But these people will be saying that converting N3M to $$$s is a bad investment because it's only $2K in today's $$s. Isn't that stupid?!
If you think it's a bad investment, start giving away that your N200K per month to random strangers in Nigeria and see if you will not be called a small god in Naija.
Mtcheeewww!
That was one question i asked in the first car video: th-cam.com/video/Pv7UU_6Oo0U/w-d-xo.html Why would one's investment plan be to invest in and repartriate money from a weaker currency? It can't work. Any money that enters Nigeria should never leave.
Have you thought about your ROI? How many years do you think it will take to recover the money you invested?
@@clementinanicholas914 so if you get your return on investment say in 2 years what will you do with the house? Or you forgot that if you want instant return on investment you can sell the house and earn profit plus the capital? But rentage comes in while the main capital being the house exists and even after some rent you can sell the house for profits also remember houses also serve FOR as status and evidence of your success and hardwork not just ROI. Also if you build your house in high brow areas and tastefully built with high earn tenants you will recover your money in shorter period.
So you admit that it is not an investment but a wasted fund dug into Nigeria out of emotions or perhaps used to hedge life uncertainties. Let's not call it investment then.
It is a great retirement investment though. If you never withdraw the money from the Nigerian economy. You can live well on it as your personal pension fund and the property’s value will appreciate over time. Maybe in 10 years. It’s not a bad investment. Just a bad economy to sink the money into, if you are into business investments and you can run it yourself then it’s worth it.
I think it all depends on the currency at hand. If you make Naira, this will not be a good time to invest in real estate. If you make dollars for instance, it will make no difference because the reason why things are more expensive is the high rate of dollar
FGN bonds and Mutual Funds are great investments.
Happy Sunday Host. Thanks for the new upload. I’m here watching and taking notes
Loving the back to back content on Flo Finance🤗
Thank you Ma ❤for sharing
Thank you ma for the information
Land never depreciates in Nigeria so it is really the land that is valuable in Nigeria at the moment.
True.
Happy Esther sister Flo...
If you live out of Nigeria, Naira depreciation doesn't affect you and should actually favors you in terms of real estate investment.
Loool it affects people living out of Nigeria as prices in Nigeria have tripled. If the price of goods were the same then I’ll agree with your statement
@jessosa605 it triples for people living in Nigeria and not someone working and making a living overseas. If I'm being paid in dollars where I'm, what does I have to worry about? Dollars and Naira exchange rate too care everything.
@@jessosa605that’s not true. As a Diaspora you’re still ahead of the game
They don’t know how to engage in civil discourse.
Flo good advice! Thank you. What's your take on Gold and Silver
Sister Flo I have really missed your contents. This topic is very touching and it's a reflection of what is currently happening in most African countries. I was also thinking that a good way to invest in re estates at this point in time is to buy cheap affordable house(s) and renovate (if necessary) when the price of building materials go down.
Hi Flo. I came across your channel today and I am very glad that I did. Yours is very interesting and enlightening. As an avid investor specific to the western market , I find your positions very refreshing , illuminating and very logical especially from the perspective of the Nigerian political-economy and the social situations in our country of birth. After binge watching your uploads, I agree with a good amount of your positions and it has allowed me to make sense of the ROI of assets willed to me by my parents.Thank you for all that you do and for this informative channel.
But the price of rod is not coming down, it went up with cement.
madam Flo. i love yr analysis! keep it up. personally I will push fwd wth Nyja investment in land etc. east or west, home is best..... 🎉
no place like home.
I took advantage of the dollar value vs. naira and bought 3 plots of land in Lagos Ibeju Lekki within the last 6 months. The plan is to wait until the building materials price goes down before doing anything on one of them.
Congratulations!
Please make sure you do extremely due diligence if you buy near abijo GRA. Most of the lands in that area are govt allocations.
@@akibank2604 I bought inside Amen Estate. DD done. I have plots of land for sale in Lagos Lekki and Redemption Camp (Adron Homes).
Buy land. Fence it. And leave it. I have over 100 plots. None are worth less than 5million now.
Best advice. I am not building anymore in Nigeria. It is not worth it.
Na someone like you no Dey make community develop fast fast, you go by land of 100 plot and fence it leave it. You must be stupid for doing that stuff, if you try that shit in my community you’ll smell pepper, because we already made community concussion, anybody who bought land since 2018 till now should come and build on it or you’ll sell it to someone who’s ready to build house now now now.
@@cmichael2967 why not?
@@user-es2fg6hl3z Experience is the best teacher. Build as an asset for your children. You may never recuperate the expenses in your lifetime.
Can you tell me where you found the professional who are selling land. I'm looking to buy
I think buying lands in Igboland is a great idea . I think something good is coming.
Finally got recommended this channel after months. Why, TH-cam? I have a lot to catch up on.
What if there is a better through Fractional Ownership of existing properties with the transparency of blockchain technology
I like this fgn bonds, but I'm scared of the government not complying with the agreement on paper, and if that happens, you can't do anything about it. They might fail to pay in the usual percentage agreed on every three months or even fail to return your capital when the deal is due🤔
To never achieve nothing is to NEVER take risk.
Real estate is a solid long-term investment.
Property values appreciate over time, Real estate is a tangible asset
It retains value, even in economic uncertainty.
Those that bought land 5 to 10 years ago know the value they have now, if anyone keeps delaying, na you do yourself
Alot of people are investing in real estate shares through piggy vest, but do your due diligence
Floooooo please help I want to invest in the fgn bond, can guide me through pleaseeeee oo
No madam. Pls Don't be discouraged.
Flo, real estate is not buildings or properties alone. It involves land banking and agricultural lands.
Tell me you didn't even watch half of the video without telling me you didn't watch half of the video.
@@FloFinance😂😂😂
****Real estate investment is not for everybody, be it in the West or Africa. Also, there is a cycle to the economics, timing when to jump in is critical.
My friend in UK that borrowed to build in Nigeria last year. ₦750k rent last year was $1k, now same ₦750k is now $500.
He kinda regrets that decision
Its stupid to invest in Nigeria, or anywhere else in the world, and expect to repatriate the money back to the West.
Your investment in Nigeria should stay in Nigeria.
Investment is risky for the short term gang, but mostly profitable for the Long term; so why regret an investment that is throwing in cash?
Your friend should reinvest in Nigeria jare.
Ur friend is one of the people who dont want Nigeria to get better. Can he use that same money buy just a land in UK? He took advantage of exchange rate to build a house in Nigeria n now want to be reaping in exchange rate. Why him no kuku breakdown d country completely and aside who tell him building house to rent is a short term investment? Those who earn in naira self that build to rent will take them almost 20yrs to make profit, how much more mr converter
God bless u..Dont mind most of them!!@@MichaelO2
U can do real estate with as low as N500,000k ,it depends on individual pocket . U can even invest in Reits also. I prefer investing in more much líquid assets like TB, Bonds an stocks.
REITs fall under stocks/shares and that's not what those people are suggesting. They were suggesting build to let/sell.
For Sis. Flo to block someone then the person needs help truely 😃😃😃😃
Nigeria real estate is price Guage and never worth the price they call all the time.
I stop my building project because of the rate of cement 😂 i will wait till it get to 6k , i can't spend the little i plan to use in only blocks
Nne, please make a video on bonds. I want to understand it
I have a playlist on FGN Savings Bond: th-cam.com/video/z49RvM-JKoQ/w-d-xo.html
Watch every single video in there including how to find a stockbroker and you will understand it in full.
7:26 monitoring spirits😅
Someone said building guest house n hotel now makes sense more than building residential houses rn in naija
True.
True
My best youtuber! You talk about things that are real to me..I don't care. Keep it up sis, your perspectives are always refreshing and I agree investing in RE this year is really off the books for those reasons...The people that go crickets have no valid arguments na just to argue for arguments sake.lol.Maybe they have a business that they want to sell. Block button is okay to use😂😂
My darling! ❤❤❤
Na Tinubu cause all these wahala ooo. The hyperinflation exposed a knowledge gap I did not know existed on this channel. Now we need to go back to the basics.
To invest in Nigeria no be moi moi. Thinking cap must be on at all times else you lose. Investment tricks in other climes can stand for years but that of volatile Nigeria changes every eke market day. lol
@@FloFinance odi nno egwu! thanks for all you do!
Real estate is no longer an investment now. The rise in cost of building materials is not commensurate with the rent.
FG refused to invest in mortgage and housing. Most realtors invest in duplexes and not low cost housing, flats and there's serious housing shortage esp for middle and low class.
I háve been looking for a good one bedroom flat for 2 months without success.
Govt must intervene before we begin to live on the streets
It's not as profitable as people think. I said this in the new tenancy law video: th-cam.com/video/sXSqeQGsRJI/w-d-xo.html and many people came for me, even went trib@listic on me.
Landlord go for duplexes because that's the type of houses where one even stands a slim chance of making some money. And according to real estate managers, the middle class (if that still exists) is less hassle when it comes to rent collection.
I can help get a house. If you are interested in lagos Nigeria. Mortgage option also available.
Honesty, if l should be sincere with you , if am the minister for housing in Nigeria , l will never spent government's money building houses in urban areas because of these reasons : Corruption among elites. The rich will buy most of the houses on disscounts from government and rent/ sell higher to people or manipulate the process of house acquisition schemes which will no longer favour the poor masses.
Again, investing more in housing in urban areas than rural areas encourages high migration to urban areas thereby leaving cities with numerous challenges and hazardous materials.
Furthermore , it does not encourage agricultural production, rural
empowerment and rural development in Nigeria.
In Nigeria, i have observed that when it comes to government housing scheme and other benefits from government , government does not observe equity and equality and inclusion within its citizens that pay tax and build the state. When it comes to housing , government always think of civil servants without putting into account those in businesses here and there who pay multiple taxes to different agents of government through their noses.
Finally, most of the money end up in the hands of dubious contractors who scratch backs with corrupted government personnels .
@@FloFinance Good morning ma, Please I just recently invested in United capital and Zenith bank, please help check if have make the right choice.l would love your feedback.Thanks
Please ma I watch a video you did three years ago where you talked about buying shares I would like to get more information about the process
Ok, watch out for that. I have a few videos planned about investing in shares in this 2024.
Thanks for this update. Is it a good idea to earn money in Naira and invest it in US stocks to protect against currency devaluation?
Definitely.
We don't need negative people like that here in these channel. This 're people without vision.
Hi Flo
I have tried to open an account in Niaja but it's been impossible. I'm interested in the FGN dividend Bond.
I don't know where you live. If you live in a major city or can easily travel to a majoy city outside Nigeria, some Nigerian banks have offices there. Click this link: th-cam.com/video/mPEHma4FvxY/w-d-xo.html to follow the guidelines in that video. Still valid but now they also require NIN which you can also get from outside Nigeria. Otherwise, you need to wait till you travel to Nigeria to open an account.
you blocked him to set him free🤣🤣🤣🤣🤣
Flo, please who is your investment broker? I want to invest in bonds. Your response will be appreciated. Thanks.
All stockbrokers have their minimum requirements. So click this link: th-cam.com/video/J1CGDNyi4EM/w-d-xo.html to watch the process of choosing a stockbroker that will meet your investment needs.
Thanks Flo.👍🙏
Hey Flo, what’s your opinion on the real investment option known as buy back scheme that guarantees 25-50% ROI (return on investment) in a few months to a year?
The government that fixes MPR which is the basis for ALL ROI offers you 16%. In the same economy a real estate company is "guarranteeing" up to 50% ROI and you did not fling them out of the window? If it's returning that much, they won't advertise it.
I have seen that advert but I cannot trust anyone with my funds anymore in the name of Investment I have been bitten too many times in my quest to find quick returns
I invested in some, I have recieved 30 to 32% per annum for 3years now. However, I only invest in companies I am sure my capital and returns are secured. The ones with 50% are too risky.
I think you needed educate these diaspora about the cons n pros of investing back home. If u do live streaming let me know to join too..Cos someone can be investing with hard currency into a low currency economy n still want to be reaping d low back to d hard. They needed be asked why investing back home, are u investing to return home soon, to return when want to retire, to invest to secured old age, to invest so as to be making profit out of naira, to invest cos d currency favour them or lastly to invest bcos some people are investing. They needed know d WHY
Mehnnn this recent hiper inflation and sinking of the Naira exposed a knowledge gap I did not know existed on this channel. I noticed that and made the first car video addressing those investing from outside Nigeria: th-cam.com/video/Pv7UU_6Oo0U/w-d-xo.html
Thanks brother. Live video is a good suggestion because they probably need to hear these analysis from other people to believe them. I need to find time for a live video because from all indication, we need to start from scratch. One needs to continually adjust his/her thought process to be able to invest in a volatile country like Nigeria in all seasons.
Thanks for your consdieration in looking into it!! As far as i am concern Nigeria is still the best place for Nigerians in diaspora to invest that hard earned money in abroad n am a livng witness to that, the money we made in abroad if we save it there n come back home with 100m usd without any business on ground, trust me the money go finish with 6months and then they will say Nigeria economy is not good bcos u came with cash to feed a business and that business or investment need nuturing, meaning u be spending from a fixed income but why not start that investment or business now, feeding n nutruing it with ur hard currency(exchange rate advantage) then return with little cash to let that investment or business nuture u back..I'm saying this cos many think there is time and when old age, sudden accident or illness or brerakdown or sudden deportation happend. they be sharing opportunities they had missed @@FloFinance
@@alexolabode7557how do you spend $100m in 6 months. Make it make sense.
There is mortgage plan in Nigeria. Make your research Ma
Pls what FGIM and how does it work tu
Click the following links to watch videos about FGN Bonds:
1. th-cam.com/video/z49RvM-JKoQ/w-d-xo.html
2. th-cam.com/video/CkPptlSEwwY/w-d-xo.html
They can't beat your intelligence that's why they run off.🤣🤣🤣🤣
It usually takes around 6 months to one year for properties to appreciate after this type of sudden inflation, so flow was right on buying lands and selling in a short term period of 6months to one year.
But on buying FGN bonds for just 16.6% at a maturity date of 2 years, i won't advise my enemy to venture.
If you live and earn in Nigeria, buy the dollar and keep. Yes, you heard me! Hoard it.... in 2 years, with the way this mallam in aso rock is going, the dollar would appreciate by 100%. This means your 2m would turn 4m and not 2.3m if u had but bonds. What am my even saying sef? After your stock broker takes his % we might be talking of 2.2m.
Madam flo, I'm open for a debate.
😂😂😂 "I'm open for a debate!" You came prepared! I love that.
Chuka nna aaa biko can I use this your comment in my next video?
@@FloFinance go ahead
Investing in real estate (land banking to be precise) is not as capital intensive as you claim. You can get land for as low as 1M and spread payments for as long as 18 months. That's less than 100k in a month. You don't need "tens of millions" like you claimed.
Also, land banking is a good long term investment option with good ROI.
Flo u not helping your subscribers too, I've ask u about the broker for fgn investment but uve never reply to me, just like u not happy that someone made comment and ran away so I'm not happy that u not replying my msg too
Have mercy on me kwanu. I'll make a video, upload and numerous people will be asking me questions that are already answered in the video. Is it good, eh? Watch this video: th-cam.com/video/z49RvM-JKoQ/w-d-xo.html and follow the steps there in to contact me if you need my services.
@@FloFinance I'm only looking for a broker to start the fgn bond investment
In that video, I said to watch this video: th-cam.com/video/J1CGDNyi4EM/w-d-xo.html if you need a broker.
@@FloFinance Flo I admire your patience. 🙏