Will buying a land make money for him? If he is building to rent out ,good that's if the 1.8m can achieve that otherwise my candid advice is for you to get a car for uber.

[s]but his family wants him to get a land and build a house even though is a room.[/s]

typical naija illiterate mentality. mtcheeeewwww

Make him go arranged for a car to do Uber and save from the hustle den use it to build house. 1.8M can't build house in this country at this moment, make the house project nor come turn to abandon project.
God bless us all

House that will not generate any income??

His 1.8 can get him three plots of land at Epe. But he has to be very sure and carry out due diligence on any land he wants to buy.....

1) he can farm on the land while he wait for the property to appreciate in price..which of course will.

2) can start marketing the land once he buys it and Will sure sell above with he bought it.

I don't know about uber or bolt ....all i know is that cars depreciates fast by the day.

Hmmm

He should stay away
as far as possible
From those people
Telling him to build a house
If it's possible to ignore them for Life
GOD no go vex

He should do both and do neither....



He shouldn't use that money to buy any modafucking Uber..

Rather he should use get a car on rental and use it to learn and also save. Then he should use part of his savings, get a small loan and take from his 1.8m to buy his own car...

He may buy land after he has now bought his own car. But not before getting his own car and like 500k for eventualities...

He should buy land within range of 600-800k depending on location and cost of land even if it is inside bush as long as the land is genuine and use the balance to buy small car for Uber. Leave the land to appreciate and continue to work with the car...

Holyman3:
Someone should remind this man that cement will gulp that money.

Grow it first. My wife has been disturbing me to build house in Lagos. She don't know how much I make since I don't even know myself.
[b]They hate going to the village after you die, yes they are already thinking about your death, not knowing that you may outlive [/b]them, except they will kill you themselves.

Sometimes it's good to act poorer than you are.

Marriage is the biggest scam after Religion.
It's not worth it. Q

This your write up abi answer is a topic on its own

Sysdatek:
Outdated business ideas

because nah leg u take dey waka go far shey, jeez

If you have no physical impairment, uber will give you more value than buying a piece of land. Within 12 to 18 months if you are ready to work hard, you should be able to make N1.8m to buy another piece of land and you can use the cash flow form uber to develop the land...

He better go get land.

If u get a piece of land without a plan or alternative, sooner or later you will sell it and at a cheap price out of desperation.

To me the bolt car is a better option just make sure u get all your documents and u are focused. Not when u make #20k u then remember that u haven’t flexed in a long time

yusufdayo1:
A friend of mine was retrenched in one of the bottling company and was paid 1.8m for his gratuity. He wants to collect loan and add to the money in order to buy Corolla for uberbolt as a side hustle but his family wants him to get a land and build a house even though is a room.

Your advice is highly needed.


modified: Currently he is a fashion designer and needs additional income.

Start Uber/bolt..

hollaleikan:
He should buy land within range of 600-800k depending on location and cost of land even if it is inside bush as long as the land is genuine and use the balance to buy small car for Uber. Leave the land to appreciate and continue to work with the car...

U haven’t bought a car before in this Buhari tenure that’s y u are saying this

1.8M to buy land and build a house. His family advising him will push him to generational poverty.

chloride6:
He should do both and do neither....



He shouldn't use that money to buy any modafucking Uber..

Rather he should use get a car on rental and use it to learn and also save. Then he should use part of his savings, get a small loan and take from his 1.8m to buy his own car...

He may buy land after he has now bought his own car. But not before getting his own car and like 500k for eventualities...

no sense in wat u just wrote, not even half.

yusufdayo1:
A friend of mine was retrenched in one of the bottling company and was paid 1.8m for his gratuity. He wants to collect loan and add to the money in order to buy Corolla for uberbolt as a side hustle but his family wants him to get a land and build a house even though is a room.

Your advice is highly needed.


modified: Currently he is a fashion designer and needs additional income.

If you get a good car drive it for 1year and get a local land in ur area

generalcoucou:
1.8m ll not finish a building.. my suggestions for him is to get a minibus(korope) or a good 9ja used car for uber.... my broda tell him to start from small... he shouldn't be pushed by family pressure....

Profit margin in UberBolt this days is not worth it anymore, he should rather look into some other types of transportation business if he's really interested in transportation.

Tell him to buy the corolla and use it for uber, bet me he will buy a better land and build a better house within 2 years if he work hard, a guy in my neighbourhood took keke on hire purchase, he paid off the money for the keke and he bought a land and build 2 flat of 2 bedroom each, and funny enough he is still riding the same keke and he told me he is currently saving to open a coca cola depot, he told me makes 11k 12k and sometimes 10k daily if he works hard driving his keke

Winneygirl:
House that will not generate any income??

Don't mind the guy.

generalcoucou:
1.8m ll not finish a building.. my suggestions for him is to get a minibus(korope) or a good 9ja used car for uber.... my broda tell him to start from small... he shouldn't be pushed by family pressure....

This happened to a friend of mine many years ago. We were younger then and their father died. The little money the company he works for paid them, they said they want to build a house. I advised the eldest who was my friend to start a joint business with their mother instead of building a house, that the money was small. To cut the story short, the house hasn't been roofed up till today as the money wasn't enough. They are still battling with poverty with no sustainable means of income. Still struggling to pay rent and eat. Means of steady income that can be grown gradually first.

Advise him,that 1.8m can not finish that building project. So if he is some one that knows how to manage and can save very well,let him tighten up. Then getting a small loan to add up to that money and get a direct took Toyota corolla will b ok.Then he can save money from d two business, buy a land and start building it small small. l said this because this car will have a second hand value in case he feel he doesn't want to do d umber business again.He can sale it and venture into an other business.

I don't think this should be a debate for a reasonable person. How can you buy land and start building house with all your capital, house is not an asset if not for rent or sale. The first thing is to invest in what will give you return over time. You can always build house with your returns.

I know nothing about all those kind of hustle, I am into forex my opinion is for him to start trading with a forex Bot. Please not any forex bot I can give you the one I am using so you can do your research

how many bags of dangote cement is 1.5m?

lol

He should get a car and start Uber/Bolt business. Building a one room house won't generate him income. The uber business will generate him income to sustain himself and he can also save towards building a house.

ReadaDream:
He has 1.8M~ and he still wants to take a loan?

Makes no sense. He can easily get a Naija used Corolla or Civic and still keep some change.

If he goes ahead to spend the 1.8m on building a house now, it’s only going to end up been an abandoned project and he’ll be frustrated more.

Advise your friend to get a sound Nigerian used car and start driving. Then he can start saving to build a house gradually.

Nigeria use car that can give him problem.

Holyman3:
Someone should remind this man that cement will gulp that money.

Grow it first. My wife has been disturbing me to build house in Lagos. She don't know how much I make since I don't even know myself.
They hate going to the village after you die, yes they are already thinking about your death, not knowing that you may outlive them, except they will kill you themselves.

Sometimes it's good to act poorer than you are.

Marriage is the biggest scam after Religion.
It's not worth it. Q

Please don't say that. Just because you didn't marry right doesn't mean that it's a scam. There are happy married couples. It all depends on the individuals involved