Real Estate Investment in Nigeria

I wrote about the global economy in the last issue and really do not know why I feel so compelled to still talk about it from a different angle in this issue. However, I have come to understand that when I feel this way, it is for the benefit of someone or people out there that I follow my heart. I only hope that the person or people meant to be blessed by this article will let me know when it happens. My email address remains realtypointceo@gmail.com.

Have you lost some tangible thing(s) lately, things of serious economic value I mean? Probably your shareholding portfolio has gone from huge positives(capital gains) to nil or even debt (to the Bank or Stock brokerage firm) for the marginal account operators. May be your property has lost value and you have not even been able to sell. You’ve lost your job or business has gone south. For some of us, you need to battle with goody-goody friends who are now calling for your head because the genuine innocent advise you gave on an investment did not work out like most things at this time due to no fault of yours. They want you to take responsibility for their decisions. Bad enough that way, but there are situations where you still have to cut huge losses to move on. It’s a judgement call that sometimes must be made for a better  tomorrow.

Talking about a judgement call, I am presently writing from a distance of about 8hours flight away from my base in Lagos. The main reason while I am spending that time and money away is to cut a huge loss and move on with life. Actually, an investment that looked “totally” set for the promised shore went bad with the economic meltdown. You wouldn’t believe the deal is over 30% in the hole and we may still be counting until we bay out. Now, what do you do about that?

Buddy, losing or failing is part of business and life. Loose all you can, the most important is how fast you get up and catch-up again. Therefore, stop mourning over issues. Cut your losses if you have to. A friend just informed me of his decision to withdraw from a deal so he can get some money to take care of more sensitive matters. I may be having a meeting with another company next week on how to better guide our interest there to maturity.  Decisions have to be taken, as there are losses, if you look carefully there are pluses somewhere in the corners. Yes, you may have to lose some, you can also gain a lot.

My heart goes out to you in this matter and I wish you will take up your bed and walk again. At times like this, even Countries aren’t speared and the US is taking the lead in cleaning his financial mess. A man has to do what he has to do.

Move on!

To your success