Real Estate Investment in Nigeria

Congratulations! Or may be I should wait till you finish reading this before saying that? Well, I am only anticipating that you can recognise a diamond when you are presented with a rough stone. I present here to you today the unfolding of a gem. Here is an idea that has the capacity to really become great, berthed on the simple but powerful concept of co-operation. People from my part of the country have a proverb that says something like; a tree does not make a forest. Ever heard the story of the broom stick vs the broom bunch before? Giving a portion to sweep, while it may take forever employing the services of a broom stick, you will be through in a jiffy if the broom bunch is applied and the difference is just in numbers. Nothing more, the bunch is just made up of similar sticks and together a common purpose is achieved to them all. That is what this initiative represents and I think you her blessed to be reading about it now.

The world as we have come to know it derives meaning from the interrelated chain of events, associations and collaborations, doing things together with people of like mind give more meaning to life. 

I have done a lot researching how effective co-operatives work and how they can be used for the common good of members. I am over with theorising and action less research, here is the outcome of four years of research and thousands of personal and company funds on a platter of gold. What you do with it, is your decision to take but if you may allow me, I will say read this up and take action for or against immediately. Don’t wait another day. I do hope your action will be for and not against though.

PRIME ASSETS MULTI-PURPOSE HOUSING CO-OPERATIVE SOCIETY LIMITED

The Prime Assets Multi-purpose Housing Co-operative Society Limited Project is an initiative of REALTY POINT LIMTED publishers of Prime Assets Plus Magazine. It is a private venture initiative to assist individuals in owning a home.

It is registered with the appropriate Government supervisory body and runs independent of the promoters- REALTY POINT LIMITED with full complement of duly elected executives.

The rebirth is a combination of all our Prime Assets Multi-purpose Housing Co-operative Society Limited use to represent plus the key tenets of the Real Estate Investment Mentorship Forum and a few other timely and well researched idea.  

OUR OVERIDING OBJECTIVES

Help members become Land lords by

       I.            Providing property purchase and construction opportunities for self use

     II.            Provide micro-mortgage scheme for members

  III.            Provide real estate and other investment opportunities for collective gain.

   IV.            Provide investment (real estate inclusive), entrepreneurial and other life enhancing training to members at our monthly meetings.

     V.            Always provide well researched and negotiated clusters of landed properties members can buy and also assist in developing into mini-estates providing other services as may be required e.g access to mortgage facilities, below the market rate building materials, e.t.c

   VI.            Provide opportunities for members to borrow for growth in their business operations through our well structured and professionally managed thrift in association with participating Micro-Finance Banks. 20% of our fund at any time is made available for our thrift operation.

VII.            Invest our collective monthly contributions regularly and distribute 30% of surplus(gain or profit) annually as dividend on a prorated basis. 

            In summary, we are a house ownership actualization and investment society using the power of co operation and thrift.

WHO SHOULD BECOME A MEMBER?

We are positioned to serve you if:

1. You are interested in any of our objectives, over riding or Long term

2. You have a regular job or vocation.

3. You are above 18years of age.
4. You like to own a house within Lagos or any other area the co-operative is investing e.g Settlements along Lagos-Ibadan Expressway, Ikorodu, Lekki- Epe Expressway, Sango- Ota, etc
5. You need to have where you can borrow money to run your growing small business
6. You are interested in gathering knowledge on investment and your general financial wellbeing
7. You have a well titled landed property but you are in need of financing
8. You can make out time to attend our regular monthly meetings except absent on permission, non Lagos resident or call of duty.
9. You can afford to pay a N10,000 one-time joining fee and make a monthly contribution (thrift) of a minimum of N5,000 (One Thousand Naira) Only and meeting dues of N500 (Five Hundred Naira) Only per month. Monthly contributions can be any of the following NN1,000, N3,000 5,000, N10,000, N20,000, N30,000, N40,000, N50,000 and above.
10. You are interested in buying properties that are offered to the co-operative at a discount and with our guidance.

PARTNERS

To deliver on our promises and better serve our deserving members, we partner with reputable individuals & organizations particularly:

• Micro-Finance Banks
• Developers
• Mortgage Institutions
• Building material manufacturers and suppliers
• Professionals in the building industry
• Related government establishments and agencies.

MEETING INFORMATION: Time & Venue

Monthly Meeting Days:        Every 2^nd Sunday of the month

Time:                               3.00pm prompt.

Venue:                             Realty Point Limited Training Facility at ONIGBAGBO HOUSE (3^rd Floor), 29, Mobolaji Bank-Anthony Way, Ikeja, Lagos.

After Sheraton Hotel, Beside GTBank and Sharing a common fence with Bola Memorial Anglican Church, Abule Bus Stop.

Watch out for an invitation from our yahoogroup once you complete the formalities for joining the co-operative, sign-up and that way you will have 24/7 access to information from the secretariat.

 WHY YOU SHOULD JOIN

• You want to cultivate the saving culture
• You are interested in leaving a legacy
• You need where you can borrow for the growth of your small business at a very friendly rate.
• You are interested in learning how to make, keep and grow lasting wealth.
• You want to position yourself where you can always be informed of what is new in business management and wealth creation.
• You need a place where you can meet with people of like minds.
• We provide a platform where members can start contributing to NHF and thereafter stand the chance to benefit from the Scheme’s single digit rate mortgage when the opportunity presents itself.
• We source for highly competitively priced landed properties that members can pay for installments
• We arrange rock bottom interest rate mortgage facilities and other competitive commercially priced funding for interested members
• Our consulting professionals provide their essential services to members at below the regular rates and some free. Services like Architectural drawings,
• We provide building materials at below market prices for members where/when possible
• All approvals, title, other documentations, designs and constructions are handle by our retained technical partners at a very competitive rate to subscribing members
• Our estates shall also confirm with town planning regulations where sited and professionally managed to ensure your properties continue to enjoy significant appreciation in value
• We reward membership referrals.

….. and the list goes on.

The vision is clear, the future is bright, and the journey has begun. Ride with us and let us make your dream come true. 

PRIME ASSETS MULTI-PURPOSE HOUSING CO-OPERATIVE SOCIETY LIMITED is the company to work with to achieve your house ownership/real estate investment dream. 

Cooperative Membership fee:

 

Each intending member of the co-operative is expected to pay a one-time non-refundable N10,000  (Ten Thousand Naira Only) as membership fee. This is to be used to fund the administrative activities of the cooperative.

 

Annual accounts are subject to external audit of both Government Supervisory Authorities and Privately Self-appointed External Auditors.

 

APPLICATION:

 

To apply for membership, kindly execute the application form below and submit by mail or in person at the next meeting to:

 

THE GENERAL SECRETARY

PRIME ASSETS MULTI-PURPOSE HOUSING CO-OPERATIVE SOCIETY LIMITED

c/o REALTY POINT LIMITED

   ONIGBAGBO HOUSE (3^rd Floor)

      29, Mobolaji Bank-Anthony Way

      Ikeja

      Lagos

 

CALL: 01-8964527, 4346687, 07028141918

 

Your payment of the N10,000 annual membership fee is expected to be made on or before you submit your filled application form.

 

MODE OF PAYMENT:

 

All payment to for membership of the Co-operative’s should be

 

1)           By cheque in favour of Prime Assets Multi-purpose Housing Co-operative Society Limited

 

OR

 

2)                      CASH

 

Paid into Prime Assets Multi-purpose Housing Co-operative Society Limited Skye Bank Account # 1681770008926 (Ikeja Plaza Branch, Ikeja, Lagos)

 

Endeavour to obtain receipts and have your Passbook filled for all payments made from the General Secretary’s office address or at the monthly meetings.

Kindly NOTE that under no circumstance should can be paid to any official of staff of the co-operative for any thing.

 

You shall be informed of the details of the account for your monthly contribution and meeting dues when you join.

 

Kindly note however that subscription to housing projects will be strictly on a first come, first pay and first serve basis.

 

Talk to any of the officers below for information on currently available landed property/housing schemes.

                                             

Congratulations in advance as you take advantage of this lifetime opportunity. For further enquiry, call the following: Yewande – 08037872122 or 07028141918, Ayo – 08060444700/01-8787288, Mr. Odueso – 07028023009, Mr. Mustapha – 08037183026. 

To apply, down load the application form from www.realtypointltd.com, fill it and submit to the office at the above mentioned address.

You are my reading this article up to thi spoint invited to the re-birth of the Co-operative and the launch of our 3bedroom bungalow project on February 21, 2009 by 10am at the Office facility: 29, Mobolaji Bank-Anthony Way, Ikeja, Lagos. 

Don’t miss it for anything!