Build Your Property Without Cash!!!
Investments in real estate can be capital intensive because it requires huge capital commitment. Money as a chief resource here has been termed the ‘blood’ of any real estate development, without which investments in real estate remain elusive. Due to this singular factor, many aspiring investors in the sector have backed out believing that their dreams are unrealistic; given their financial status and non-conducive nature of our financial institutions to secure loan.
At Patrick Ogunjobi, we make your vision of being a home owner come through. We believe that financial situation should not deter any individual who is ambitious to launch into the industry, particularly, property development sub sector which is our focus for today. Whether your intention is to build for sale, let, lease or occupy; all are possible with our concept without going through the depressive rigors of securing unfavorable short term loans with high interest rates
Joint Venture Partnership in real estate perspective can be seen as a burden-sharing medium, which is the actualization of the goals of parties involved on a mutual ground. It is a win-win transaction, whereby the solution seeker meets the solution provider. Joint Venture is that possibility in real estate industry that makes both corporate and non corporate private developers achieve their dreams. Apart from hastening property development process, it is also a means of sharing risks involved.
How It Works! In this form of partnership, the solution seeker owns the land while seeking for means to develop it. The solution provider comes in as the financier of the project having reached a concrete agreement with the land owner on repayment pattern and profit sharing – in terms of duration and percentage. Or it may be that the solution seeker will severe a portion of his land to the solution provider to pay for the development he will enjoy. It can also be in the form of ‘Build Operate and Transfer’ agreement. This is common where an abandoned project is involved.
Off Plan Partnership This has to do with showing interest in a particular project from the conception and pre-development stage with the intention to purchase it. The payment comes bit-by-bit according to his capacity until the completion of the project. The solution seeker (who pays gradually) is informed and agrees to the duration of the project and cost, while the solution provider is binded by a contract to deliver as agreed. Whichever option you pick, we provide you convenient development structure, taking the burden off you while building you a quasi-customized abode. . Join us today. We will love to be part of your success story.
This we make possible, by taking you through every phase and integrating your ideas for your “would be” home
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