25/09/2023
LAND BANKING OPPORTUNITIES THAT NEVER FAILS.
Yesterday, I had a meeting with a client who contracted me to sell one of his property located in Thinkers Corner, Enugu. We had so much familiarization discussions as we were meeting physically for the first time, And he narrated how he bought the property and other properties in the area per plot some years ago while he was a town service bus driver then. Today the property is worth over 30 million naira.
According to him, he could still remember vividly one faithful Saturday day afternoon, he had just finished eating a plate roasted yam and beans, And was resting after running six trips from Council Obiagu to Holy ghost. While resting to allow the food settle properly in his belly, A young man neatly dressed approached him speaking big Grammer about real estate investment. He wanted to shout him down but didn't have the strength and just kept mute. He could barely here the young man as his mind was not fully there. At some point, what the young man was saying started sounding nice to his ears but he wasn't convinced and didn't want to stop him either. At the end of they day, the young man got exhausted from lengthy talks without much reciprocating energy and decided to gave him some flyers which he immediately dumped on top of his bus dashboard. For him all that mattered to him was how to complete his 10 trip target for the day and add two or more should his body, market and time permits.
The next day being Sunday, he went of to hustle, came back after a few trip, washed his car and left for a weekly contribution meeting for them bus drivers where they do contribute and give to one person for the week(Isusu). In the meeting, a joke was targeted at the person who collected the contribution for the day about him announcing a venue for merriment and he replied with ( "Iyaaa, ego m ji aga ije gbara ani ozugbo"). According to him, that particular statement hit him so hard and his mind was cast back to the preaching of the young man whom he gave very little attention to his marketing message the other day. He then left the meeting and went home straight with his mind occupied with the idea of buying land. At the moment he said, he wanted to buy lands not because he had understanding of the profits it could yield him but because of peer competition as the fellow contribution member bragged throughout the remaining time in the meeting about owning up to six plots of land since he started driving bus.
He said "With everyday that passed by, I was getting addicted with thoughts of owning a plot of land to brag with and at some point started bragging about owning more than three plots when he actually had none. His hunger for owning at least a plot of land grew everyday and his mind became fully occupied with owning lands like his colleague. According to him, the moment he left the meeting venue that very first day, he picked the flyer, got contact of the young man and followed him up and from there he bought his first plot of land three months later and started paying for more in installments. His newly married wife cued into the idea and joined him in saving for the land project . Anywhere land is selling cheap, you will find them there and this was done while he was driving bus and his wife doing a 30k job.
Few years later project was cited close to one of the place the bought land and the price of land in the area went up madly, he sold off one to buy more bus and started a business. He then left bus driving and employed drivers to drive his bus and remit money to him on weekly basis. From there his life started improving from a newly married graduate who was driving bus to make ends meet to a business owner and a transport company owner.
I felt motivated by his story and how proud he was with decisions he made years ago taking advantage of real estate even though he didn't understand what it promises then. This also affirmed the saying that the best time to buy real estate is now as you don't wait to buy land rather you buy land and wait.
Today, he is a big time millionaire and still investing in land where development is heading to.
There are many layout with high Return On Investment (ROI) value and one of it is Glory Layout, Amaokpo Nike, Enugu East LGA. A fasting developing Nike promises a high value ROI for investors.
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