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How to maintain perpetual ownership and build a lifetime freedom business using real estate investing
— Buy a genuine land with a good title in an urban area
— It must be a commercial property
— Build lock up stores and offices. You can make it a 3-storey building. Ensure you get all the necessary approvals.
— Put them all out for sale. Maybe reserve one or two office spaces for yourself.
— The number of stores and offices should match double the price of whatever it cost you to build it.
Let say you spent 300m to build it, and you have 30 units of stores and office spaces combined, it means that the cost of each store or office space is N10 million.
You can conveniently put it for sale for 20 million naira each.
In addition to making 100% profit of your investment on completion of the project, you will put a minimal service charge that gives you a perpetual income stream from the property.
This service charges will cover things like security, cleaning, electricity, water, multi-tenant signage, etc.
No, you don’t have to be the one handling these things. You will outsource them to reliable companies that will deploy their workers to do the work.
If you get an additional, perpetual 10m naira annual net profit from this lifetime side income, it’s worth it.
There are certain amount of money when you hit it in business or career, you should never be poor again for life if you understand how to invest and multiply it.
All you need is to be in the right circle of friends, coaches and mentors.
People who were born into wealth can afford to do nothing and still be okay. But if you are building from scratch, you better be intentional with your choices of investment.
Top of your list of what you should invest in aside from your business (that makes the money) is real estate. Start gradually and do it intentionally.
Note: The figure I mentioned is just an estimation to give you a clue of what you should expect. The most important part of the message is the strategy.
I’ve seen people do this with residential properties in different estates but I’m bringing this angle to it because it will work better with a commercial property.
✅ If you have the budget to fund such a project and you carry me along from the beginning, I will be available to handle the marketing for you until all the units are sold out in 6 months.
I wish you the very best.
For more valuable content like this, f o l l o w Emenike Emmanuel Chidiebube.