I think we can have a more balanced perspective on this subject if we consider these 5 factors: 1. The average rental yield in Nigeria is about 5% to 7%. For prime locations, it ranges between 8% to 12%. Calculating with these rental yield numbers, a N90M is expected to
You use N90m build house, you put it for rent at N3m per year, it will take you 30yrs before you start making profit of the house. You go still Dey do maintenance ooo.
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@gee_engr It's passive income and generational wealth if you choose not to sell it. The goal should be financial freedom not just thinking about making profits.
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@gee_engr I have sold my house I built for rent and diverted the money to treasury bills and bond ,I am happy,I always think about how fast I recoup my investment,,most Nigerians don't take proper care of someone property
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@IbehCletus24979 Still a great choice. The most important thing is that you are investing in something that you are comfortable with.
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@gee_engr My take on this should be, that it's better to have other investments before building for rent. It's not good to use your bulk fund to build for rent, and be depending on the rent for survival.
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@gee_engr Good analysis Engineer Gee. But you left it open-ended. What is you professional advice on this critical investment option, please?
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@oanasir I left it open-ended because it's all about choice. Whether you choose to build or not, you aren't wrong. Just get your maths right.
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