28/03/2024
Land is the container of value.
It took a while before I could wrap my head around this…
Maybe because I‘m a slow learner (which of course I am ☺️)
Am pretty bad at multitasking too.
But this I am GOOD at…
Drilling down and mimicking like crazy…
When I see a path to success, I want to sit still to find out why it happened. Or why that way or method and not a certain other way.
In short, I am a very good copycat.
So I’d like to tell you about a time when a concept in real estate buying struck me…
A 70-something year old man gave a speech somewhere…
I was there seated with other people. He gave a very long speech then concluded by saying this…
That the younger ones who cares to come for advice on how to preserve money and turn it into wealth.
Yes I have known him to be a good man, friendly and all that…
But I never knew the extent to which he has money or the type of wealth making resources he had in his portfolio.
At over 70, he has lots of investment…in Lagos. Most of these are lands
NO. YET. SOLD.
I became curious…because he is not Lagosian.
“so why buy lands this much in LAGOS….I asked myself”
In fact hearing the size of investment he has made a thought strike me…
Those places most people call bushes are where he sees opportunity.
You see a bush, he sees wealth.
You see a forest, he sees a goldmine.
You see an underdeveloped settlement, he takes positions in the market.
You see a place neglected by people, he looks for the atrices of city development, negotiates for a good price, and buys…
He then waits for time to pass
And for you to have a problem of "needing a sizable land for agriculture, or a vast land to use for commercial purpose.
BOOM !!! He strikes when the iron is hot.
Sells at 10X the price he bought the land...
Which is enough to cover the total price he bought all the total acres of land altogether.
Means that he got back his initial money and still has enough land to sell.
He makes profits and moves to the next place that is to turn into a community. (or the next place to BLOW, Lol.)
Making LAND A CONTAINER OF VALUE…OF WEALTH.
He made the money and still has more land to sell to make more money.
When you realise this, you’ll understand that when you buy land, you are buying the future.
Read that again and AGAIN….AND AGAIN!!!
Or even tattoo it on my arm…Lol.
Am going to talk about this in my next episode of the podcast.- The “naija real estate stories” show.
I’ll update you when the next episode drops!
Cheers and enjoy Easter!!!
Peace.