society
HOW YOUR PROPERTY PORTFOLIO SHOULD LOOK LIKE IN 2024 BY DENNIS ISONG
HOW YOUR PROPERTY PORTFOLIO SHOULD LOOK LIKE IN 2024 BY DENNIS ISONG
Sahara Weekly Reports That Today, we’re delving into the realm of real estate, specifically focusing on how your property portfolio should shape up in 2024.
Whether you’re a seasoned investor with a track record spanning five, ten, or just a couple of years, or if you’ve taken your initial steps into investing this year, this discussion is tailored to guide you through the nuances of crafting a property portfolio that aligns with the opportunities and challenges that the year 2024 holds.
It’s a practical example designed to offer insights regardless of your level of experience in the real estate journey. So, let’s embark on this insightful exploration together.
1. CASH FLOW REAL ESTATE
Real estate is like having money-making machines. You buy properties and they make you money regularly. There are three main ways they do this:
Rental Income:You can own a house or apartment and let someone else live there. They pay you rent every month, and that’s your income.
Short-Term Rentals:If you own a place in a cool location, you can rent it out for a short period, like a vacation home. People pay good money for short stays.
Equity-Based Returns:This is like having a share in a property. Even if you don’t own the whole thing, you still get a piece of the profit.
It’s like having different money streams – some from homes, some from businesses, and even some from farms.
2. LAND BANKING:
Imagine buying land like planting seeds for the future. Here’s how:
High-Yield: Some lands grow in value super fast. You buy low, and before you know it, it’s worth a lot more. Quick and exciting!
Joint Venture (JV): Team up with others to make something big. You have the land, they have the skills to build. Everyone wins.
Short-Flip:Buy land, hold it for a bit, and then sell it quickly for a profit. It’s like the fast lane of land investing.
It’s like being a smart farmer – planting seeds in different fields, each with its own strategy.
3.STRATEGIC POSITIONING
Think of real estate like playing a game of chess. You want to position your pieces (properties) in the right places:
High-End Zone: It’s like the VIP area. People pay big money to live or do business there. Eg Ikoyi
Student Zones: Where there are students, there’s always a need for housing. Universities and colleges are like gold mines for real estate.
Business Areas: If there are offices and companies, there’s a need for commercial spaces. Invest where the businesses are.
Upcoming Regions:Like predicting the next big thing. If you can spot an area on the rise, investing there can bring huge returns eg epe ,ibeju lekki
It’s like placing your chess pieces wisely on the board to win the game.
Let’s talk about addition tips that will help you;
PORTFOLIO MANAGEMENT:
Managing your real estate portfolio is like taking care of a garden:
Check Your Plants (Current Investments): See how your properties are doing. Are they growing well or need attention?
Balance Your Garden (Real Estate Types): Like having a mix of flowers, veggies, and fruits. Balance different types of real estate for the best results.
Get Professional Gardeners (Portfolio Managers): Sometimes, you need experts to help your garden flourish. Similarly, professionals can manage your portfolio for better outcomes.
It’s like having a beautiful garden that keeps growing and blooming.
LONG-TERM PLANNING:
Planning your real estate journey is like mapping out a trip:
Careful Analysis: Study the map and plan your route. Similarly, analyze your options and plan your investments.
Consider Different Stops (Cash Flow, Land, Positioning): Like planning where to rest and refuel, think about your cash flow, land investments, and where you position your properties.
Create a Roadmap:Plan for the long term, just like planning a road trip. Know where you want to go and how to get there.
It’s like having a well-thought-out plan, ensuring a smooth and successful journey in real estate.
So, as we wrap up our chat about building your property portfolio for 2024, remember, it’s like creating a map for your real estate journey. Whether you’ve been in the game for a while or you’re just starting out, the key is to mix things up – a bit of renting here, a piece of land there, and maybe even a joint venture.
Don’t forget to position your properties wisely, like chess pieces on a board.
Taking a closer look at your existing investments and balancing them out can lead to a portfolio that’s not just strong but also ready for whatever the real estate world throws your way.
Planning for the long term is like setting out on a road trip with a well-thought-out map – it may take time, but it’s worth it.
So, let’s get out there and turn those property dreams into reality. Unlock the door to your success in real estate – the keys are in your hands.
Happy investing!
Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
society
TY BURATAI HUMANITY CARE FOUNDATION CELEBRATES WORKERS; SALUTES PRESIDENT TINUBU’S SALARY INCREASE APPROVAL
TY BURATAI HUMANITY CARE FOUNDATION CELEBRATES WORKERS; SALUTES PRESIDENT TINUBU’S SALARY INCREASE APPROVAL
The TY Buratai Humanity Care Foundation has recently expressed jubilation and gratitude towards President Bola Ahmed Tinubu for his approval of a significant salary increase ranging between 25% and 35% for civil servants on the remaining six Consolidated Salary Structures. Additionally, the Foundation also applauded the President for approving a pay rise for pensioners under the Defined Benefits Scheme (DBS). This announcement was made in a statement signed by the Chairman of the Foundation, Amb Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi and Betara of Biu.
The statement highlighted the Foundation’s Grand Patron, His Excellency, Ambassador Lt Gen Tukur Yusufu Buratai (Rtd) CFR, former Chief of Army Staff, who expressed confidence in President Tinubu’s renewed hope agenda. The Grand Patron emphasized that the salary increase would undoubtedly bring smiles back to Nigerian workers, acknowledging their relentless dedication to the nation’s progress.
Buratai further stated that the salary and pension increase are a step in the right direction and hope for more increases in the nearest future in order to further cushion the inflationary trend in the economy on the workers.
Furthermore, General Buratai urged the public to rally behind President Tinubu’s administration, expressing concern over prevalent issues such as fuel scarcity and the escalating prices of goods in the market. Despite the Naira’s appreciation against the dollar, the Grand Patron noted that these economic challenges persist, calling for solidarity and support from all citizens.
General Buratai extended his heartfelt salute to Nigerian workers for their unwavering sacrifices towards the nation’s prosperity. Their dedication and commitment do not go unnoticed, and their efforts are instrumental in shaping a brighter future for all.
*Ganduje: Stop Your Evil Plot Against Tinubu – Yoruba Youths Warn Kano Gov, Kwankwaso
The Asiwaju Legacy Vanguard (ALV) has raised the alarm over an alleged attempt by Governor Abba Yusuf of Kano State and his political godfather Rabiu Kwankwaso to destabilise the administration of President Bola Tinubu.
In a statement signed by its President, Comrade Simon-Peter Adedeji, the group said it made this finding from credible intelligence gathering.
Adedeji said the attack on the All Progressives Congress (APC) national chairman, Alhaji Abdullahi Ganduje, is only a smokescreen in their well-planned agenda.
The group noted that Governor Yusuf and Kwankwaso’s aim is to infiltrate the APC by blackmailing the current leadership led by Ganduje.
Adedeji added that had they succeeded, they would have moved to the next phase, creating havoc within the APC and ultimately subvert and sabotage the President.
The South-west group further claimed that the pair would go as far as calling for the resignation of President Tinubu just like they did to Ganduje.
However, the youths warned Governor Yusuf and Kwankwaso that their evil plots had been brought to public light.
“It has come to our attention that Governor Abba Yusuf and his political godfather Rabiu Kwankwaso are out to destabilise the administration of President Tinubu,” the statement said.
“From credible intelligence, we have been briefed that the conspiracy against the APC chairman is only the first phase of a grand plan towards the Presidency.
“The ultimate is to undermine the Presidency and paint President Tinubu in a bad light. We all know that Kwankwaso’s lifelong aspiration is to be President and his desperation can lead him to any length.
“But we are by this statement warning Governor Yusuf and Kwankwaso to stay clear of the President. The Yoruba youths are watching them.
“It is obvious that the governor was not prepared for governance and he is nothing more than an accidental governor. We only pity the innocent citizens who are at the receiving end of this hoax leadership.
“We want to use this opportunity to appreciate Mr President for not falling for their antics as it concerns Ganduje. We believe good will always shine above evil”.
- South Africa: Minister Pandor to participate in the 2024 Nordic-African Foreign Ministers’ Meeting in Copenhagen, Denmark May 1, 2024
- Oman offers condolences to Kenya over floods May 1, 2024
- Oman: Foreign Minister discusses Joint Committee with Algerian counterpart May 1, 2024
- Powerful Coalition Launched to Drive African Development, Fueled by International Development Association (IDA) May 1, 2024
- International Monetary Fund (IMF) Staff Reaches Staff-Level Agreement with Mali on Rapid Credit Facility and Completes 2024 Article IV Mission May 1, 2024
- Economic Community of West African States (ECOWAS) Hails the Peaceful Conduct of Voting in Togo’s 29 April 2024 Parliamentary and Regional Elections May 1, 2024
- President El-Sisi Speaks with Emir of the State of Qatar His Highness Sheikh Tamim Bin Hamad Al Thani April 30, 2024
- International Islamic Trade Finance Corporation (ITFC) Advances Global Economic Integration through Strategic Partnerships at the 49th Islamic Development Bank (IsDB) Group Annual Meetings April 30, 2024
- Secretary-General Appoints Aminatou Sar of Senegal United Nations Resident Coordinator in Benin April 30, 2024
- Gambia: Declaration of Wednesday, 1st May, 2024 as Public Holiday April 30, 2024
- South Africa: Minister Pandor to participate in the 2024 Nordic-African Foreign Ministers’ Meeting in Copenhagen, Denmark May 1, 2024
- Oman offers condolences to Kenya over floods May 1, 2024
- Oman: Foreign Minister discusses Joint Committee with Algerian counterpart May 1, 2024
- Powerful Coalition Launched to Drive African Development, Fueled by International Development Association (IDA) May 1, 2024
- International Monetary Fund (IMF) Staff Reaches Staff-Level Agreement with Mali on Rapid Credit Facility and Completes 2024 Article IV Mission May 1, 2024
- Economic Community of West African States (ECOWAS) Hails the Peaceful Conduct of Voting in Togo’s 29 April 2024 Parliamentary and Regional Elections May 1, 2024
- President El-Sisi Speaks with Emir of the State of Qatar His Highness Sheikh Tamim Bin Hamad Al Thani April 30, 2024
-
Business6 months agoLeading Financial Platform, AAS Bounces Back Stronger, Better With Global Coin
-
celebrity radar - gossips5 months agoTripple Celebration, As AAS CEO, Jesam Micheal Emerges Fintech Expert of The Year, Launches Lounge
-
celebrity radar - gossips4 months agoJesam Micheal the philanthropist, Clears the Hospital Bills of UGEP Patients, Put Smiles On Faces Of Orphanages, Police (video)
-
Business3 months agoFintech Guru, Jesam Micheal Opens Biggest Apple Store In Africa, Reveals Why