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All Forum Posts by: Michael Ibosiola

Michael Ibosiola has started 10 posts and replied 39 times.

Post: Flipping and Investing in Abu Dhabi---is this even possible?

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

hi Michael 

Thanks for the reply,  hope you are doing gpod. 

Am very much around for now. Am an Electrical engineer but presently working as a CCTV operator so still on the search for a better Electrical engineering job. 

Have a nice day.. 

Post: New member

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

welcome to BP Michael.... 

Post: Flipping and Investing in Abu Dhabi---is this even possible?

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

hello Michael  

My name is Michael  an aspiring Real estate investor presently based in Abu Dhabi.

Am new to the real estate business also. I have two raw land which I acquired two months ago back home in my country and looking forward to getting another by January. 

I don't know much about the Abu Dhabi market but it will be nice to meet you when you come around. 

Have a nice day. 

Post: New to BP - Mishal from Dubai, UAE (real estate agent)

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

@Mishal K.

Welcome to the site Mishal! Nice to see new members from the emirate join in.

Am based in Abu Dhabi and a newbie in real estate. 

Its great to have you here.

Post: how to finance

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3
Originally posted by @Tamir Tabourn:

@Michael 

I don't have much to offer in terms of your question but good luck on your endeavor. I seriously doubt ALL Nigerians are scammers and it's unfortunate that's the perception on BP.

-Tabourn

 Thanks Tabourn for your reply.

I felt so bad when I read Georges comment this morning. 

Yea there are scammers in Nigeria but all I could see from he's comment was more of hate. But he's entitled to he's own opinions.

Have a nice day Tabourn.

Post: how to finance

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3
Originally posted by @George P.:

let me be honest for a second... Nigeria and the people there have a negative stigma in the USA. VERY negative. 

will you ask why? Because of the constant spam, constant scams, constant lies and fraudulent schemes. 

does it involve you directly? I don't know, but no one really cares. I don't think anyone (legally sane) in the US will work from anyone from Nigeria. Period. I don't care if you have 52 posts on BP, i don't care if you have 50,000 posts on BP, i would never, ever, ever, ever work with someone that mentions "Nigeria". I'd rather move to Nigeria before I ever work with someone from Nigeria. And i am never moving to Nigeria.

am i being mean? not sure, but i am just being honest.

 I really felt like saying some mean things but just want you to know such comments is what is causing the unrest in the world right now.

Hatred , we all have our good and bad sides . even the USA has its own bad sides.

Make it an awesome day.

Post: how to finance

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

Hello @George P.

Thanks for your honest reply.

Well I didn't ask anybody from the usa or any part of the world to partner with me. I only thought This forum was suppose to be an avenue for learning for the newbies irrespective of countries or religion. My question was based on how to use creative financing to to complete this project.

We are all entitled to our own personal opinions, so you believing all Nigerians are scammers is just your personal opinion. You could as well go furture to tell the moderators to block all Nigerians from the forum.

Thanks anyway , I have learnt a lot since I came onboard and I won't allow this to put me down . And my sincere aplogies to anyone who has been scammed by any Nigerian.

Just to clarify am not a scammer , I am working to make a better future for myself .

Thank you

Post: how to finance

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

i am an aspiring investor in Nigeria, i just got offered a raw land and i will like to build a multi family on it.

that being said, how can i finance such project if i don't have the money to build on it.

Post: Raw land available, looking for advice

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

Will like to start by saying thank you to Bp members  for all the advices I have gotten thus far.

My dad is offering to give me a  raw land of size 50 by 50sqm. From evaluation it can build a  4plex multi family unit.

But I don't have enough finance to build the structure, please how can I finance such project .

Note : my dad is building contractor and my young brother is a civil engineer.

Post: interested in investing in Nigeria and Uae

Michael IbosiolaPosted
  • Engineer
  • Abu Dhabi, U.A.E
  • Posts 39
  • Votes 3

Am a Nigerian but presently working in the Uae. I aspire to invest in my first property by nex year.  I have been spending time studying materials on BP to know more about real estate investing.

I plan to invest  in Nigeria and Uae but there are no post ,blogs or articles on BP that i have read so far that talks extensively or give strategies based on this two markets .

So the challenge I have is that most of the post on Bp talking about stragies of acquiring a property and rentals does not really tally with the Nigerian market. E.g real estate loans are given at an interest rate of 20 to 25% for a tenure of max 10yrs and many other conditions attached.

Now my question is which states in US , UK  , austrailia Etc, has a similar pattern with Nigeria or Uae market. Am asking so I can network and learn  more with people from these states , knowing we have just few Nigerians and people from Uae in the forum that are professionals and talking about the market.

So please any advise will go a long way