How Ex-President Olusegun Obasanjo Made Over N4Billion In Real Estate
- Posted by Karo Itoje in Blog Updates, Land Tips and Advice
- No Comments
-
And how you too can!
Nigeria Real Estate Investing Secrets
Ex-president Olusegun Obasanjo bought some land about 40-50 years ago and it spans across 2 local government areas; Ibeju Lekki and Eti-Osa LGA area.
The land span from the end of Monastery Road at Sangotedo Lekki up to Okun Ajah. Today, in this same axis we have:
– Emperor Estate – one of the most expensive housing estate in Lagos
– Novare Mall – the biggest Shoprite in Nigeria
– The Monastery, Sangotedo: The Catholic Monastery
– Lagos Homes, Sangotedo
– Grenadines Estate, Sangotedo
A plot at this axis is currently going for an average price of N15,000,000.
Now imagine how much Obasanjo would have bought those lands ‘in the bush’ about 40 years ago. N10 per acre? N50 per acre? N1,000 per acre?
That I can’t say but what I know and sure of is that, if he wants to sell those lands today, it will be in billions.
Let’s assume the land in question is 50 acres in total (which is obviously more than that), and he decides to sell at the current average price of land at this axis for N15m per plot, that is N4.5bn.
Wow… that’s a lot of money from zero physical effort!
Let’s assumed Obasanjo bought these lands at 10k per acre, 50 acres will be N3m (which is too high as at 40-50 years ago to buy a land ‘in the bush’).
In assumption, he bought a large expanse of land at the rate of N3 million and the land is worth N4.5 billion naira 40-50 years later
There has always only been one secret to big profits in real estate and it is:
Buy Land ‘in the Bush’ and wait some years for capital appreciation.
Just in case Baba’s experience is too far fetched to relate with I’ll bring it home to how my own client made 75% profit which amounted to N5.6million within a year of investment.
On February 2017 my client Mr. K. E. (Real initials) bought into one of our famous estates Westwood Park Estate Phase 2 in Sangotedo. He paid N8. 4million for a plot. And by December same year Westwood was selling for N14million/plot. That’s a difference of N5.6million in one year with no effort! My client was shocked. He wished he bought 2 plots when he had the chance. It gets even more interesting…
Now Westwood has closed for sales and we still get clients who want to buy into the estate. I contacted Mr. K two days ago to ask if he will like to sell off his land that I have got an interested buyer who is willing to pay him the full amount at once. His reply? “No, I don’t want to sell! ” Why will he sell when in another 12 months is land can be valued at N18-20million/plot. If he can do just one ☝ investment like this every year, his retirement is covered!
You see, growing wealth is not really that hard. You just need to find out how those who are wealthy are doing it and follow same path, which is why I used Baba’s experience.
Presently, lands at Eti-Osa (Ajah, Sangotedo) and Ibeju Lekki are the fastest in Nigeria as a whole in terms of development and thus capital appreciation.
You might not have millions of Naira to invest right now as the best time to buy a land was 20 years ago, the next best time is NOW.
Within the same Eti-Osa and Ibeju Lekki LGA where Baba made his billions in real estate and my client made over 5million within a year we have estates with Lands ranging between N600k – N15million a plot, and that even includes the latest estate of Red Bricks International, the developers famous for Amen Estate at Eleko Beach Road Ibeju Lekki.
With N600k to N15 million naira, you can invest today and wait for just 2 to 5 years and see what happens. If you don’t buy now, that 5 years will still come and go and you will still have to spend that money anyway except you might not get any returns.
Some of the lands in this axis will appreciate over 150% within just a year because of the rapid development happening in this axis as a result of the presence of governments, international and local companies. You need to come and see this place to understand what I am talking about.
Our Properties with high return on investment you can bank on are:
Amen Estate Phase 2
Location: Opposite Amen Estate phase 1 Eleko Beach Road, Ibeju Lekki.
Title: C of O
Price: N12million/plot
Berry Courts
Location: Off Monatery Road, Sangotedo
Title: C of O
Price: N15M Per Plot
East Amber Estate
Location: Abijo GRA, Abijo, just after Sangotedo.
Title: Governor’s Consent
Price: N10.5million/plot
Beachfront Estate
Location: Akodo, Ibeju Lekki
Title: Approved Excision
Price: N4.2M Per Plot
Greenfield Courts
Location: Igbekodo, along Folu road, Ibeju Lekki.
Title: Approved Excision
Price: N2million/plot
Live well Estate
Location: Otoolu/Ogogoro
Title: Approved Excision
Price: N2million
Peninsula Homes Phase 1
Location: Folu Ise, Ibeju Lekki
Title: Excision in process
Price: N700k/plot
Green Acre Estate
Location: Akodo Ise, Ibeju Lekki
Title: Excision in process
Price: N800k/plot
Note: Installment plans is available if you can’t afford the payment once.
Get yourself as many plots as you can now when you have the chance and just wait for your money to double and then triple. Our estates sell out very fast. So act now.
Call/WhatsApp me on 09071070691 for more information on any of the above estates and payment info.
