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HOW YOUR PROPERTY PORTFOLIO SHOULD LOOK LIKE IN 2024 BY DENNIS ISONG
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
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Arise News anchor Somtochukwu Maduagwu: Witness Discloses How Police Rounded Up Assailants
This prompted an adjournment until Thursday, 23 April, for conclusion of the evidence-in-chief for the third prosecution witness and for cross-examination.
The trial of the eleven defendants linked to the murder of Arise News journalist and anchor Somtochukwu Maduagwu during a robbery at her apartment continued Tuesday with the third prosecution witness giving details of how arrests were made.
During proceedings at the High Court of the FCT sitting in Jabi, Maxwell Eje, an Assistant Superintendent of Police and member of the Scorpion Squad, CID-FCT Command, said that the arrest of the defendants began with Shamsu Hassan.
The police discovered, on 30 September 2025, that Hassan had fled to Zaria, Kaduna State after the robbery at Unique Apartments in Katampe a day earlier, during which Miss Maduagwu jumped to her death from her three-storey apartment.
ASP Eje informed the court that Shamsu Hassan admitted to the crime and agreed to cooperate with the authorities to disclose the hideout of others.
Hassan informed on Sani Surajo, who was receiving treatment at an unnamed hospital in Gosa, a suburb along the airport road in Abuja.
Surajo was shocked at the sight of the Scorpion Squad operatives at the hospital, the witness said.
He too agreed to cooperate and assist with useful information on the whereabouts of others who took part in the robbery.
The witness testimony of ASP Maxwell Eje did not reach cross-examination as Dennis Abu, counsel for the seventh to eleventh defendants—who also held brief for counsel to the first and third defendants—sought leave of the judge, Mohammed Idris, to attend a medical appointment.
This prompted an adjournment until Thursday, 23 April, for conclusion of the evidence-in-chief for the third prosecution witness and for cross-examination.
The prosecutor had earlier informed the court that he had two witnesses available at the start of Tuesday’s proceedings.
The FCT Police Commissioner instituted the lawsuit against the 11 defendants charged with conspiracy, armed robbery, and murder in connection with the 29 September 2025 armed robbery at Unique Apartments in Katampe, Abuja, during which Arise News anchor/journalist Somtochukwu “Sommie” Maduagwu and security guard Barnabas Danlami were killed.
The trial began on 10 February 2026 after earlier delays due to the absence of defendants or other issues.
The first prosecution witness, Sani Yusuf, a civil engineer and former resident of Unique Apartments, and the second, Fatou Toborteh, another former resident, have so far testified about the events of 29 September.
Both described masked armed assailants raiding apartments but stated they could not identify any of the 11 defendants (who were masked during the attack).
The defendants are Shamsu Hassan, Sani Surajo, Hassan Isah, Abubakar Alkamu, Abdulsalam Saleh, and Suleiman Badamosi.
Others are Zaradeen Mohammed, Musa Umar ‘Aka’ Small, Mashikur Jamil, Suleiman Sani, and Abubakar Usman.
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Edun, Dangiwa quit Tinubu’s cabinet * Oyedele becomes Finance Minister
Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy.
President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the memberships of the Federal Executive Council.
In a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.
Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy.
Oyedele was formerly a Minister of State in the ministry.
Also Mr. Muttaqha Rabe Darma has been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.
The memo also directed Dangiwa to hand over to the Minister of State in the ministry.
The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”
Explaining the President’s decision, Akume said: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).
The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.
The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”
News
Alleged Coup Plot: FG Files Charges Against Suspects arrested by DSS
The Federal High Court sitting in Abuja on Tuesday filed a 13-count charges, under case number FHC/ABJ/CR/206/2026, against five suspects arrested by the Department of State Services (DSS) in connection with an alleged foiled coup plot.
The suspects- Major General Mohammed Ibrahim Gana (rtd), Captain (NN) Erasmus Ochegobia Victor (rtd), Inspector Ahmed Ibrahim, Zekeri Umoru, Bukar Kashim Goni, and Abdulkadir Sani, were apprehended by the agency following intelligence that uncovered plans to overthrow the government.
The charges filed against them include treasonable felony, conspiracy to overthrow the Government, conspiracy to commit terrorism and other offenses related to national security threats.
Recall that in September 2025, a joint covert operation led by the DSS had uncovered a deadly plot by some serving military officers to destabilize the government and undermine Nigeria’s democracy.
This led to the arrest of some alleged key figures involved in the coup.
“The arraignment points to the federal government’s resolve to counter subversive threats amid ongoing efforts to maintain stability in the country”, a source affirmed.
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