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HOW YOUR PROPERTY PORTFOLIO SHOULD LOOK LIKE IN 2024 BY DENNIS ISONG

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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.

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.

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

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INSECURITY: Akume’s Aide Calls on Alia to Name Alleged Sponsors

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In response to recent comments made by Benue State Governor Hyacinth Alia regarding the security situation in the state, Mr. Terrence Kuanum, Special Adviser to the Secretary to the Government of the Federation (SGF), George Akume, has issued a statement.

Alia, who was a guest on Channels Television on Friday, criticized Akume and “his cronies” for remaining silent on the growing insecurity in the state.

Akume served as governor of Benue from 1999 to 2007.

The governor claimed that an interim report from a judicial panel he set up implicated politicians based in Abuja and within the national assembly in the orchestration of attacks in the state.

Although Alia refrained from naming those indicted, he said the report would be made public by Tuesday or Wednesday next week.

In a statement released Saturday, Kuanum countered that Akume has been actively engaged in addressing security concerns in Benue and ensures that such matters are consistently brought to President Bola Tinubu’s attention.

He argued that the governor either misunderstands the workings of government or is attempting to manipulate public opinion by demanding that Akume publicly address the media on the state’s security situation.

Kuanum called on Alia to submit the names of those implicated in the report to both President Tinubu and the federal security council.

“If the Governor of Benue State has expected that the SGF would be seen in the media discussing the efforts he has been making in that regard, then it betrays either a lack of understanding of governmental administrative procedure, or he is deliberately and unfortunately seeking to manipulate public sentiments against the SGF,” the statement reads.

“As a member of the Federal Security Council His Excellency Governor Hyacinth Alia very well understands how the Federal Executive Council functions and how it is through its channels of communication and administrative action, in which the SGF is centrally involved, that several security interventions have been made to Benue State and elsewhere towards tackling insecurity.

“It is also pertinent to remind His Excellency the Governor of Benue State that those he has persistently sought to label as cronies of the SGF in Abuja, particularly those in the National Assembly, have been most vociferous on the floor of the NASS in calling attention to issues of insecurity in Benue State.

Distinguished Senators Titus Zam and Emmanuel Udende as well as members of the House of Representatives from Benue State have been up and doing consistently in keeping the issue of attacks, killings and kidnappings by suspected herdsmen, bandits and terrorists on the front burner of discussion in both chambers of the NASS.

“Those efforts by the Benue lawmakers in the NASS have resulted in a number of motions which have gotten the attention and action of the Federal Executive Council.

“By his official designation, the SGF is permitted more of asymmetrical contributions to the scourge of insecurity in Nigeria, which yields more telling impact, than if he were to be mounting the rostrum to publicly discuss what he does regarding the matter.

“On the allegations by His Excellency the Governor that the report of his Panel of Inquiry indicts certain persons of complicity in fuelling insecurity in a part of Benue State, it is noteworthy that by administrative procedure, such reports are taken through stages of vetting and gazetting into a White Paper before their content may be deemed as a credible and official position of Government.

“But since His Excellency the Governor has chosen, perhaps as a result of how burning the issue is, to let the cat out of the bag before the administrative procedure, we urge him to make good on his word and expose those involved in the crime of aiding and abetting insecurity in his state.

His Excellency the Governor of Benue State must understand that his allegations and preemptive indictment of the persons so fingered now carry the weight of national security concern and must be treated as such.

“He should forward to His Excellency the President and to the Federal Security Council the names of those so indicted and their roles in sponsoring, aiding and abetting insecurity in Benue State as he claimed, and should also bring it publicly to the attention of the whole world who those enemies of Benue State are,” he stated.

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“The decision to prosecute the Biafra civil war was never born out of hatred” – Gowon

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……He described the civil war as the most difficult period of his life.

“The Biafra civil war was never my choice”, the Former military Head of State, Gen. Yakubu Gowon has declared.

Recall that Gowon was presiding over the affairs of Nigeria during the civil war from July 6, 1967 to January 15, 1970.

The former ruler spoke after he was honoured with a Life Time Integrity and Achievement Award at the 5th Convention of the Christian Men’s Fellowship, Abuja Anglican Diocese on Saturday in Abuja.

Gowon explained that he prosecuted the civil war due to the urgency to preserve national unity.

The former ruler called for forgiveness, reconciliation and unity across faiths and ethnicities.

He said: “I always remember the civil war. It was the most difficult period of my life.

“It was not my choice, but I had to be there, and had to do what I did in order to keep this country together.

“It was never a hatred against any people, I can assure you.”

Reflecting on life after that period, the former Head of State stressed that his decisions had often been guided by prayers and a desire to act with integrity and compassion.

“As far as this heart is concerned, everything that I do, it is through prayers.

“I ask God to help me to do the right thing the way He thinks it should be done, with love and respect for all the people.

“That is why at the end, what do we have to say? As they say: no victor, no vanquished,” he added.

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“This is A Great Loss”: Soludo Speaks on Ejeagha’s Cultural Music Essence

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Anambra State Governor, Professor Chukwuma Charles Soludo has conveyed his deep grief over the demise of renowned Nigerian highlife icon, Chief Mike Ejeagha, who passed on peacefully on Saturday at the venerable age of 95.

In his condolence message signed by his Press Secretary, Christian Aburime, on June 7, 2025, Governor Soludo eulogised Chief Ejeagha as a deeply philosophical musician, an iconic cultural ambassador and an exemplary custodian of Igbo oral traditions.

The Governor said his music, characterised by a unique blend of highlife rhythms and captivating storytelling, resonated profoundly throughout Nigeria despite his Igbo linguistic expression.

The Governor also recalled that with timeless compositions like the unforgettable “Gwo Gwo Gwo Ngwo,” the late musical legend not only entertained but also educated Nigerians, preserving our rich cultural heritage and promoting the vibrancy of Igbo folklore through his lyrics.

As a prolific exponent of highlife music, Chief Ejeagha also pioneered a sound that encapsulated the essence of the Nigerian experience, effectively bridging generational identities in a career spanning several decades and earning himself a distinguished place as a national icon.

Thus, Governor Soludo mourns this tremendous loss of Chief Mike Ejeagha, a maestro whose melodies brought joy, hope, and unity to Nigerians.

May his soul rest in peace as his family also finds solace during this difficult time.

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