You can invest in real estate when others are selling, then hold what you have bought till a much later time when it would have appreciated… you will be wowed at the profit you will get from doing this.
A certain man had an opportunity to buy land in Ajah neighbourhood in 1995. He was taken to the place by an agent who happened to be his friend. He told the Agent that he was not interested but if he wants, he can lend him money to buy. He loaned his friend the agent N300,000 with which he bought one Acre i.e. six plots. Today, those six plots are worth over N60 million. Did the man miss anything?
In 1995, the man considered Ajah as bush and refused to invest. By this time, Chevron and VGC were a stone throw away and those two facilities were enough pointers to the future of the neighbourhood yet he couldn’t discern this.
In Ibeju-Lekki, the pointers are the facilities and public utilities (International Airport, Deep Sea port, Free Trade Zone, Amen Estate, La’Canpaigne Tropicana etc.). Can you discern now!
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