HOW LAGOS REAL ESTATE DEVELOPERS BECOME BILLIONAIRES !!!| Ownahomeng TV | Feel at Home

Case Study: Sponsorship Opportunity at Ibeju Agbe - February 2022
Aproximately 105 acres( An acre is 6 plots, that’s 105 x 6=630 plots) of land available in Ibeju-Lekki Town Along the Lekki-Epe Corridor, with good proximity to the Expressway.
The Sponsorship Details
1st part of the Sponsorship:
Between the family
Owoiwoko(Family Entry fee):- ₦18 million(Negotiable) What the sponsorship entails:
Family entry fee: ₦18m (negotiable)
2nd Part of the sponsorship:
Development
Land clearing and Road making Sponsorship - ₦18m-₦24m Facilitators reward:10% of Owoiwoko and 10% of the land. (Agent Compensation)
The Benefit
The Sponsor/Sponsors stand to gain 1½ plot per acre(which can be negotiated to 2 plots per acre)*
Let me break it down:
1.) If 1½ plot per acre is agreed the total land available to the sponsor is 157½ plots. If we remove facilitators’ 10% from 157½ plots, 141 plots would remain for the sponsor.
2.) If 2 plots per acre is agreed, total land available will be 210 plots. Facilitators 10% will be 21 plots, 189 plots would remain for the sponsor.
NB: Land value in this area ranges from ₦2.5m - ₦5m.
₦2.5m= Family’s price ₦5m+ = Developers’ price
If you were buying such number of plots directly from the family or developer in the primary or secondary market, it would cost at ₦2.5m per plot for 141 plots.
The Opportunity
The land given to the sponsor is a recompense for helping with clearing and entering, survey, registration and proper documentation.
This is a well detailed legal process that would entail a transfer of documents to the parties involved.
Sale of the Land
We can help facilitate sales once all initial conditions are met and payments made.
1.) At the agreed number of 1½ plots per acre:
a.) We sell at ₦2.5m(Family price) × 141plots = ₦352,500,000million naira. We need to sell only about 10-15plots in a whole year to break even and you start making a profit off the other 131-126 plots ( a full estate)
b.) We sell at neighboring estate standard which starts at ₦5m × 141= ₦705,000,000million naira. We need to sell only about 5-10 plots in a year to break even after which you start making profit off the other 136-131 plots (a full estate).
2.) At an agreed number of 2 plots per acre:
a.) We sell at ₦2.5m(Family price) × 189plots = ₦472.5million naira
b.) We sell at neighboring estates’ standard estate price for 5m × 189plots = N945million naira.
Land title:- Village excision/ Gazette. This is arguable one of the safest land titles, properly documented and recorded excision in the Lagos State gazette records.
Breakdown of Second Part of the Sponsorship
This would entail clearing the land and paving the road.
COST FOR CLEARING THE LAND: ₦8.4m
(Price might vary due to Nigerian economy at the time of project commencement).
COST FOR PAVING THE ROAD: Road filling with three culverts
GRAND TOTAL = ₦24.2m
COST FOR THE ROAD without culverts
300 trips of filling sand @ 65,000/trip - ₦18m Grand Total.
This is actually how Lagos developers become billionaires in a few years. Through sponsorship and JV deals like this. With a massive amount of realtors at their disposal and lucrative incentives and the fact that this project is in a strategic location - the estate would sell itself in one year! Most of the big developers started from Ibeju Lekki; Landwey, Landmark, Veritasi homes, Pwan. Now they have many estates in high brow areas of Lekki. Key into this opportunity. As an investor you have both legal protection and extensive experience on site to secure your investment.
$50,000-$100,000 would not even get you a plot in Lekki phase one, but it can get you an estate in Ibeju Lekki that would bring constant cash flow for the rest of your life!
If you are interested in a sponsorship opportunity in Ibeju Lekki or Epe or for more clarification on sponsorships contact us today.
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