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

Published

3 years ago

January 15, 2024

OCHEFA

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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.

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

Related Topics:Nigeria Real Estate industry Outlook in 2024

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South African kills Nigerian bar worker

Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.

Published

1 day ago

September 24, 2026

OCHEFA

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• South African police

The Nigerian Union in South Africa (NUSA) says Olatunde Olaleye, a 40-year-old father of two, has been shot dead in the country.

According to NAN, NUSA said Olaleye,‌‌⁠⁠‍⁠⁠‌⁠‌⁠‍‍‌ an indigene of Ikere-Ekiti, was killed on September 21 while working at Spanata Bar and Grills in Mamelodi, Pretoria.

Smart Nwobi, NUSA president-general, in a statement on Thursday, said Olaleye was a husband and father of two children, adding that his death has left his family devastated.

He said the union is concerned by reports that Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.

According to him, there were also reports that the suspect returned to the premises to threaten the bar’s management, with a promise that members of his crew would return.

Nwobi called for a thorough, transparent and impartial investigation into the circumstances surrounding the incident.

“We cannot continue to lose Nigerians under circumstances that leave families devastated and communities traumatised,” he said.

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Nigerian Editors Brace for Democracy Protection Ahead of 2027 Elections

“As editors, we must remain above board in an increasingly polarised environment. We must not become agents of disorder. Neither should we display contradictory tendencies that cause the citizenry to question our credibility,” Anaba said.

Published

1 day ago

September 24, 2026

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Enugu|•L-R Prof Pat Utomi; Prof Chinyere Okunna and Eze Anaba President Nigerian Guild of Editors at the 22nd All Nigerian Editors Conference in Enugu. Photo. Nwankpa Chijioke

Nigerian editors have been urged to protect the credibility of the ballot and help safeguard democracy as the country prepares for the 2027 general elections.

The call was made by Eze Anaba, President of the Nigerian Guild of Editors (NGE) and Editor of Vanguard Newspaper, in his welcome address at the 22nd Annual All Nigerian Editors Conference, which opened today in Enugu.
The conference is themed, “The Ballot, the Media and the Task of Keeping Democracy Alive.”
Anaba said the media, alongside other critical institutions, had a responsibility to nurture democracy by ensuring that voters were adequately informed and that electoral outcomes reflected the choices of the people.

According to him, the ballot can only fulfil its democratic purpose when voters have access to credible information and are able to make their choices freely, without intimidation or undue influence.

He urged editors and journalists to uphold verification, independence, accuracy, fairness, accountability and courage, particularly in an era of social media, artificial intelligence, deepfakes and the rapid spread of misinformation.

He stressed that the media’s overarching responsibility was to serve the public good and help ensure that government derived its legitimacy from the consent of the people.

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Works Minister Orders Tinubu’s Pictures On First Niger Bridge

“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”

Published

2 days ago

September 24, 2026

OCHEFA

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Minister of Works, David Umahi, has ordered the removal of illegal advertisements from the rehabilitated First Niger Bridge and their replacement with pictures of President Bola Tinubu, saying the display would recognise the President’s work on infrastructure.

Umahi gave the directive during an inspection of ongoing rehabilitation works on the bridge linking Anambra and Delta states.

He said the bridge was expected to reopen to motorists next week, subject to the completion of critical structural work.

“Once we are done with work on this bridge, I want all the illegal adverts on this bridge removed. Anyone who wants to advertise should apply to the Ministry of Works. For now, the bridge will be decorated with the pictures of President Tinubu,” Umahi said.

“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”