Report
Have you started thinking towards apartment building investment?
Do you know that, according to the Wall Street Journal, if you were 65 years old today you would need about 150 million naira in investments and savings to retire and live a comfortable middle class life through retirement?
How close are you to that number?
And more importantly what actions are you taking today to make sure that you that reach number considering the causes and factors that reduces the average Nigerian lifespan?
Do you want to continue working into your 70's?
Unfortunately, that will be a reality for many, and youths of today in the coming decades.
Would you rather spend your retirement years hitting golf balls in the Bahamas or going for vacation in different countries or locations where your children or investments are situated?
What are apartment buildings?
These are buildings with two or more apartment where a family of two or more resides. They are also known as block of flats, apartment house or occasionally mansion block.
I'll bet that your financial adviser or stock broker is probably not recommending that you start investing in apartment buildings.
If you ask him why not he will probably say:
1) It's too risky
2) You have to deal with tenants
3) It's just not safe
4) You don't know anything about it
But the real reason your financial planner won't recommend an apartment building investment is because he or she doesn't understand them!
The financial planners that I know are great people but majority of them have no experience or knowledge in real estate investment. They are comfortable recommending stocks, annuities,
bonds, mutual funds and will even sell an REIT if all else fails.
But they have no direct knowledge of how apartment buildings create long term wealth with relatively little risk.
For example, let's compare Apples to Oranges. If you own an apartment building and, God forbid, it is severely damaged by a storm or other environmental disaster, your insurance company will pay for the building to be rebuilt.
An apartment building investment is NOT guaranteed but it is insured.
On the other hand, if you own stock in a company that suddenly has major financial problems, you are not insured against that loss. Sure, it is rare for a company's stock to go to zero but
it does happen. It's much more likely that the company will stay in business and see a lagging stock price for a long time. This is what a stock professional would refer to as a great "buy and hold" stock.
To get hold of your future, you don’t need all the cash at a go, you need us. You need Efficacy Homes for your professional real estate advisory, planning and project execution.
Our professional advisory services are free, take advantage of them today. |