Hi poster..

Accept my warmest sympathy on the death of your parents.I might not really know how it feels,maybe cos mine are still alive.

God that saw you through in the past two years will continue to see you through.But I want to ask.Who receives the rent?Is it you or your aunt?

I don't know how old you are now but you need to gain some sense of independence.In life I DON'T EXPECT ANYTHINbG FROM ANYONE.EVEN MY PARENTS.

If you give me,God bless you,if you don't life goes on.Don't expect anything from your aunt.

I will also advise you,not to sell that house,if all you plan to do with it is buy books and pay school fees.Have an investment plan that will fetch you revenue else you will find yourself selling the one you are living in.Goodluck

@carmelion Thanks, i really appreciate your advice
We are owing the company some money due to some renovations made to the house, so i'm currently using the rent money to pay that now, the debt will be settled with this year's payment . I'm not planning to use all the money on books and school fees, i also want to complete the uncompleted house and rent it out. I'm 19yrs old now and i want to do this so as to be independent.

Why not sell the uncompleted house instead of selling the one you have already completed and trying to complete the uncompleted one? From the information you provided, you will start receiving the annual rent with no major bills to pay so what is the hurry?

From an accountants stand point, sell the uncompleted house if you have to and then use the yearly cashflow from your rented building to offset your living expenses.

Thanks, but the problem is the uncompleted house is beside the house i'm staying(inside the same compound), and i don't like the way i see it everyday.

See suffering for Naija!
Chai!!!

OP. . .dis kain problem nor get solution o!
Where you wan start?

YOU HANDED THE SALES OF YOUR ESTATE TO YOUR AUNT AND HER HUSBAND? In Nigeria of all places?
Big mistake!

[size=20pt]What exactly do YOU need money for?[/size]

You are no longer a 'minor' since you lost your mom at 17. IF YOU ARE LIVING IN ONE OF YOUR PARENT'S HOUSES. . .HOW CAN YOUR AUNT BE RESPONSIBLE FOR YOUR WELFARE? Nothing wrong with your 'quiet' nature. . .YOU JUST NEED TO LEARN TO USE YOUR HEAD!
Smple!!!

DO NOT SELL ANY MORE PROPERTIES!!! You have not accounted for the ones you sold. LEARN TO GET/KEEP A JOB and survive on the RENT!!!

You will BLOW all funds. . .since it is obvious you lack any business acumen!
Since your parents died. . .HOW HAVE YOU ADDED TO THEIR FORTUNES?

Here lies the difference between a BLACK MAN and a WHITE MAN!!! Lack of foresight! YOU LIVE RENT-FREE! YET YOU ARE STILL HAVING FINANCIAL PROBLEMS?

Nor be your mates dey drive AIRPORT TAXIS?

I wll advice u not 2 sell dt house as far as ur goin 2 start recievn rent nxt yr just manage ds few months dt's left 4 ds yr after all ur not in skul now because of ASUU strike, and beside 19yrs is stil 2u early 2 start carryn such project I believe dt u stil hv a long way 2 go in life pls dnt b faster dan ur shadow. For d uncompleted buildn which u sed dt u dnt lik seing it d way it is pls it doesnt mean anytin I beg dnt put ursef in a high jump.

@Kan what would you have done as a 17yr old boy?, and i don't stay in the house alone, my mum had a large family so one of my uncles is staying there for now.

@chidera Thanks, i'll have to think about what you said before taking my decision, you've been most helpful

Fence off the unfinished house and sell it.

There has to be a way you can hustle for cash and not have to sell either property. I'm always against selling property cos we never know what the may bring. But if push gets to shove, I'll suggest you go with blank's idea and sell off the uncompleted one. Finishing a house (roofing, plumbing, wiring, painting etc) is very expensive and could take a huge chunk out of the money you made from selling the other house. Still, I'll suggest you get a part time job to fund your schooling. Just ask yourself, is there were no property on ground, how would I survive?

The greatest mistake u made and is still about to make is selling ur late parents assets.
No excuse!
What were u thinking?
And ur greedy aunt and her husband manage the funds for u?
Don't u know where bank is?
What has quiteness got to do with common sense?
(Anyway, d deed has been done)

Don't ever think of selling anything again.
Ur parents r late, making u family head.
As a family head, u hv to sacrifice a lot for urself and siblings. Thank God u hv landed ppty and free house.
Suspend school for now and hussle.
From now, take charge of ur family and ur aunt and husband should simply hands off.
U can start up something that will involve ur younger ones once they r back from school for few hours( a way to make them independent in d future)
Whenever u stabilise, u can go back to school or do online if u hv d doo.

This is how ur late parents will be proud of u and not selling off their sweats.

When u start making enuf doo, complete that building and rent it out.
Also mininize ur xpenses to what is needed
All d house rents should be paid into an account u opened for it.

Now to ur aunt and her husband. I know that to tell them to hands off might be difficult. Don't worry, God gave us sense to use at d right time.
Go to a bank(if u believe in God pray to him), meet a staff ur spirit leads u to and explain ur problem to him.
That u want ur aunt and co to hands off ur parents ppty.u guys can come up with a plan eg, ur late parents r owing d bank or anything dat will make them claim d building.of course it will be a written and signed agreement by both parties. Then d money will be chaneled into a new account.u and ur younger ones will use it to establish urselves .
I hope u will digest what I wrote very well.
I wish u d best. Its rough but u guys can become a mighty pillar only if u r willing to rough ride.

U r a complete man and adult.
Don't forget that.

Don't sell bro
remove your thoughts from it
it's not the only way out. You haven't found another route because you haven't thought hard

I know it's easier said than done and most of us here just say our minds notwithstanding that we are not in your shoes

if it were me this is what I'll do

I'll try and manage till the end of this year because it's just 2months to go

If it gets worse I can take a loan of say 10k from a friend and pay back when I start receiving rents next year

Or I can get a small percent of the rent from my tenant to keep body and soul for the moment

BTW how about your siblings?

Santi19: @Kan what would you have done as a 17yr old boy?, and i don't stay in the house alone, my mum had a large family so one of my uncles is staying there for now.

You still have not answered the question.
What do you need money for?
What kind of financial difficulties are you facing as a 17 year-old?
OK. . . your aunt has kept the money meant for your education?

It is unfortunate that you lost both parents.
But selling off your parents assets is the wrong move. . .because you are going to have no fall back when you really need it.

You are pretty much in a predicament many NIGERIAN children face. It is very unfortunate.
I don't know what it feels like to be without parents at 17. It is unthinkable. . .especially considering the kinds of uncles and aunts I would have had to deal with on BOTH sides of my family. Life would have been extremely MISSSSSSSSSSSSERABLE.

You are in a tough situation. . .I hope someone who has scaled through such a predicament can help you.
I never did, so I can't.
All the best.

Thanks everyone, i think i know what to do now, since i'm still a student there's a limit to the jobs i can do but i'll try harder to get one now. And i met with the manager today and explained to him so they won't take the whole rent money this year(they will take 120k this year and 100k next year) so that i can have some money to hold(for me and my lil sister). Thank y'all again.

Kanwulia:

You still have not answered the question.
What do you need money for?
What kind of financial difficulties are you facing as a 17 year-old?
OK. . . your aunt has kept the money meant for your education?

It is unfortunate that you lost both parents.
But selling off your parents assets is the wrong move. . .because you are going to have no fall back when you really need it.

You are pretty much in a predicament many NIGERIAN children face. It is very unfortunate.
I don't know what it feels like to be without parents at 17. It is unthinkable. . .especially considering the kinds of uncles and aunts I would have had to deal with on BOTH sides of my family. Life would have been extremely MISSSSSSSSSSSSERABLE.

You are in a tough situation. . .I hope someone who has scaled through such a predicament can help you.
I never did, so I can't.
All the best.

What do i need money for? Education(books, school fees, house rent food and other basic things) i hate it wen i have to ask my aunt for all these, you know....and it takes like forever for her to answer me..but I've already decided what to do sha(my last post). Thanks man.

Santi19: Thanks everyone, i think i know what to do now, since i'm still a student there's a limit to the jobs i can do but i'll try harder to get one now. And i met with the manager today and explained to him so they won't take the whole rent money this year(they will take 120k this year and 100k next year) so that i can have some money to hold(for me and my lil sister). Thank y'all again.

you did great bro