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BUSINESS & ECONOMY

How Your Property Portfolio Should Look Like In 2024

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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.

  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.

  1. 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 strategy.

3. STRATEGIC POSITIONING

Think of real estate as 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 additional 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, 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!

  • Isong is a TOP REALTOR IN LAGOS. He Helps Nigerians in the Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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OIL & GAS

Nigeria, Qatar Gas Cooperation To Pave Way For Global Clean Energy, Says Tuggar

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Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has called for collaboration between Nigeria and Qatar to promote gas diplomacy, energy transition away from nonrenewable energy, and highlighted the key benefits of Nigeria-Qatari relations for Africa and the global gas sectors.

He made the call while delivering a lecture at the Doha Diplomatic Institute on Thursday on the sidelines of President Bola Tinubu’s official visit to the State of Qatar.

The Minister said both Qatar and Nigeria are blessed with hydrocarbon deposits that place them at the centre of the new energy equation. He also stated that while Qatar has the world’s third largest gas reserves and Nigeria is best known as Africa’s largest oil producer, it is primarily a gas province with a small amount of oil. “We are sitting on reserves of 208TCF. We use our reserves to develop our economies – and are confident that we can also develop partnerships that will support the process of transition.”

Amb. Tuggar further stated that it is incumbent on gas-rich countries like Qatar and Nigeria to make a case for gas as a cleaner alternative and transition fuel fit for human use while also adding that “Nigeria requires a partner such as Qatar that shares a similar epistemology of gas as a resource for human utility to develop its gas assets further and expand market share for the benefit of both countries.” He also enthused that “Nigeria can help Europe and other industrial economies to diversify their sources of energy supply. In turn, a more stable market creates more stable prices, and a more stable platform for economic growth, improved living standards and new opportunities.”

The Minister also stated that Nigeria currently has a 6-train LNG with a nameplate capacity of 22MTPA, with an 8MTPA 7th train under construction and another 8th train planned for the near future. Nigeria also has two additional LNG projects that have reached advanced planning stages; Olokola (OK LNG) and Brass LNG. Opportunities for quick Floating LNG projects also abound. But even before that, 150km from Nigeria lies Equatorial Guinea’s Bioko Island LNG, fresh out of gas supplies and ready to take in feedstock from Nigeria.

The Minister said that beyond the LNG, “Nigeria has two major gas pipeline projects with the potential of delivering gas to Europe currently underway- The Trans-Saharan Gas Pipeline through Algeria can potentially deliver a conservative 2 billion scf/d while the 7,000km Nigeria-Morocco Gas Pipeline seeks to join the Maghreb-European Pipeline (MEP) with a capacity of 30 billion cubic metres/day.”

He added that all of these projects provide huge opportunities for Qatar to partner with Nigeria to enter into new markets for gas in Africa and beyond, noting that: “Qatar possesses the requisite big-ticket experience in negotiating complex international business deals as well as the interlocutory mediation skills for the diplomacy required to pull off a Nigeria-Morocco pipeline, where over 15 countries would be involved.

He said the kind of political and economic partnership that is needed to develop such a complex project can be the foundation for a new diplomatic order in the region. He said: “A partnership that further brings us together and can provide new incentives to mitigate or minimize some of the challenges that we have faced, for example in recent months over the faltering of democracy in parts of the region. ,

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BUSINESS & ECONOMY

New CBN Interest Rate Hike Will Worsen Economic Hardship, Job Losses

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Peter Obi, former governor of Anambra State, believes that the Central Bank of Nigeria’s (CBN) increase in the Monetary Policy Rate (MPR) will exacerbate the country’s economic hardship.

According to the Conclave, the CBN increased the MPR by 400 basis points, from 18.75% to 22.75%.

CBN Governor Yemi Cardoso, who chairs the Monetary Policy Committee (MPC), announced the committee’s decisions in Abuja on Tuesday, February 27, 2024.

However, Obi, in a statement posted on his X (formerly Twitter) account on Thursday, February 29, described the increase as counterproductive, claiming it would result in more job losses in the country.

The Labour Party’s (LP) presidential candidate for the 2023 election stated, “Let me confess that being a vintage Onitsha-based trader does not confer on me the status of an economic expert.

“With my vast trading knowledge and my involvement in the real sector, I am of the strong opinion that the recent decision of the Monetary Policy Committee to increase the Monetary Policy Rate, MPR, to 22.5% and the Cash Reserve Ratio, CRR, to 45% will further worsen the economic situation of most Nigerian households, as it is bound to cause more job losses in the productive sector, especially manufacturing and other sectors that rely on bank loans and credit facilities.

“Limiting liquidity in the financial system does not improve productivity, i.e. food production, which is the primary cause of inflation in Nigeria.

Furthermore, only about 12% of the total money in circulation is in the banking system, leaving the remaining 88%, or about N3.2 trillion, outside the banking system.

“So, this measure would be counterproductive because it does not address the intended goal of managing the money supply.

“These new measures will worsen the fragile economy because the supply of funds for the real sector will dry up, and the new MPR rate hike will push loan interest rates above 30%, making it very difficult for real sector operators, particularly manufacturers and SMEs, to repay; resulting, obviously, in increased bad loans and worsening the nation’s economic situation.”

The former governor stated that the most important way for Nigeria’s government to manage the country’s high inflation rate and decline in production is to address insecurity.

Obi stated that the government’s response to insecurity would allow for increased food, crude oil production, and overall production, resulting in cheaper products, particularly food.

Obi added, “This way, we would increase our productivity while also restoring FDI and FPI confidence in the country.

“I must warn that what the Nigerian economy requires right now is hard-headed practical innovation and outcomes. Tinkering with classical economic theories will only exacerbate our crisis.”

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OIL & GAS

NNPC Ltd, OPEC Pledge Collaboration To Attract Investments, Increased Production

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The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organisation of Petroleum Exporting Countries (OPEC) have agreed to work closely together to achieve the country’s objectives of attracting investment and increasing production.

In a statement, Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, stated that the two organizations came to this accord when the Secretary General of OPEC, Haitham al-Ghais, paid a courtesy visit to the Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, at the NNPC Towers on Wednesday.

Speaking at the event, al-Ghais stated that OPEC was completely aligned with NNPC Ltd.’s vision, as encapsulated in its payoff line: “Energy for Today, Energy for Tomorrow,” because of its inclusive view of energy, as opposed to the view promoted by some quarters that some sources of energy were bad.

He revealed that, despite the pushback on oil and gas, the world would require approximately $14 trillion in investments from now until 2035 to meet global demand, and urged NNPC Ltd to do everything in its power to capitalise on that opportunity to increase production in order to remain a reliable source of energy for the world.

“We will continue to ensure that the market is stable. The global market has to be stable in order for Nigeria to be able to attract investors. If there’s volatility, if there’s no stability in the market, it will only create havoc for everybody, whether it’s a producer or consumer country. So, we will continue to do that in OPEC. We count on Nigeria’s support”, the OPEC helmsman said.

In his remarks, Kyari stated that NNPC Ltd was working extremely hard to recover lost production and create the ideal fiscal environment to attract investment.

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