✒ How Obi Cubana Started his Real Estate Investments.
✒ Obi Cubana's Real Estate Investment Strategies.
✒ How Much does Obi Cubana Make in Real Estate Business.
✒ Obi Cubana's Real Estate Business Associates.
What Type of Business is Obi Cubana into?
Often People wonder what the night club business man really does for a living, hosting one of the most renowned burial in Nigeria that shutdown the internet for weeks even after the burial ceremony. here's something i must tell you, Obi Cuban is into real estate investment and i will tell you why.
The night club business man has a brand name, which is Cubana Hotels. all he does is to look for strategic locations to build a hotel with the same brand name and rent it to people per night sleep. and some other activities attached to the hotel business with sole aim of attracting customers to lodge in his premium hotels.
Sometime some individuals do franchise with his name by buying a land in a strategic position, call Cubana group to build their hotel on the land. definitely they won't refuse the offer because of the location of the very land in question. they build and pays some percentage to the land owners according to deed of agreement.
Moreover, some Igbo business men that he loves working with might find location, build a standard hotel to the taste of already existing Cubana hotels. write a business proposal to the real estate company Cubana groups to franchise with the name Cubana to attract customers.
Check any real estate investment on hotels and you will find out they'er into industrial real estate. they pull out cash daily basis, unlike other real estate business you have to wait for months or years to have a cash flow. remember it also takes Cubana groups years to have return on investment just like other real estate investments. and that's how Obi Cuban's real estate business excelled through high margin of ROI.
Change your mind about real estate business. is very broad and many people are venturing into it with different strategies. show me a wealthy man and i will show you real estate business man. permit me to say that real property as called sometimes in place of real estate is the only structured business and highly reliable in the world now.
How Obi Cubana Started his Real Estate Investment
Obinna Iyiegbu popularly known as Obi Cubana is a Nigerian Based real estate business man that has other business activities like entertainer, entrepreneur, philanthropist, and a show killer, he is the chairman and the owner of the popular Cabana groups, Obi Cubana was born 12th April 1975, and he is currently 45 Years Old as of this year 2020. Obinna Iyiegbu best known as OBI CUBANA is from Oba, a community in Demili-South Local Government Area in Anambra State, Nigeria.
The real estate investment according to him never started yesterday and boom over night. as many Nigerians seeing him living a luxurious lifestyle today thinks that it was all about get rich quick scheme. he said in an interview that Obi Cubana you all are seeing today paid the price before getting to this stage he is today.
He also mentioned about that his struggled in Anambra state building a mini Bar in one location. as time goes he went on to build the same type of mini Bar at the different locations in Anambra. he said he didn't make huge capital at the business then because he was a novice in the business and lacked basic experience.
In 1998, after completing his primary and secondary school education, Obi Cubana proceeded to the University of Nigeria where he obtained a degree in Political Science from the University of Nigeria Nsukka. In 2006.
Obi Cubana started his first real estate investment, building of club Ibiza Club in Abuja seeking to satisfy fun seekers and nightlife lovers. Following the remarkable progress he made from the Ibiza Club, he established the Cubana group, a hospitality club that provides all-around entertainment satisfaction in 2009. that was the how Obi Cubana's real estate business excelled in the country. Cubana group was first established in Owerri, Imo state capital Nigeria. Today, Cubana has spread across various states in the country including Lagos, Abuja, and Enugu, e.t.c.
Obi Cubana's Real Estate Investment Strategies
Real estate investments in Nigeria isn't a child's play. you must come out with a practical applicable strategy to excel in the real estate business in Nigeria. the strategy must involve all economical, social cultural factors of the country you want to invest.
Obi Cubana has a well written master plan of real estate business strategy according that he normally visit to know what to do at any given time. whenever there's an error in the plan it affects the real property investment.
He told reporters that whenever he experiences any downfall in his business carrier, he will revisit his real estate strategy to know if there's any mistake on the market analysis of real estate and possibly change his strategy to suit the current market.
From our secret source, we found that Obi Cubana the owner of Cubana Group works with certain principles which cooks his real estate business strategies and it's listed below;
Obi Cubana investment strategies
Location.
Mortgage.
Humility.
Corporation.
Location
Real estate business is about strategic position more especially in the aspect of hotel services. Obi Cubana is a business man who understand this strategy and doesn't joke with it. all Cubana group hotels are at the heart of each city.
Cubana hotels, in Enugu, Imo, Lagos, Abuja and other places we checked and saw that the strategy really works for him because his real property is in the center of the state that is always accessible and well known around that area.
He said in an interview that aside that the company has made a name but still, all their real properties is strategically positioned in a place that's accessible, nice environment, major town/city of the state and possibly the happening area of that state.
Any young investor can still apply the same strategy in his real estate business because it has been proven by the Billionaire Obi Cubana to be true and won't fail. residential, commercial and industrial real estate investor needs this strategy to apply in his business to experience a nice growth.
Mortgage
Real estate investments in Nigeria and any other places is a very capital intensive project, that factor alone is good to discourage any young investor in the business to change plan. but to the billionaire Obi Cubana reverse is the case.
Obi Cubana has many banks in Nigeria he has been working with that releases loan to him in the form of mortgage with trust that he will deliver and definitely he will deliver as expected.
The issue of capital is not my problem when we have many banks in the country said by Obi Cubana. Bank mortgage has always been his strategy in raising capital to fund his real property and bring out the luxury and high taste to his clients.
Humility
Humility is the key to greatness, Obi Cubana watch word is humility. he doesn't joke with that word humility because it works for him. to get the best interest of his clients and business associates to wortk with.
Anytime he appears, he hardly appear in luxurious manner during business doings, he attends meeting with humble mindset. he said he respects everyone around him including his gate man because he believes anybody can be great tomorrow is all about time.
"Onye ma isi ka bu eze" he said this often. meaning who knows the head that will wear the crown. Obi Cubana personality is filled with humility and love of humanity. his hospitality attitude and his philanthropist act is second to none in Nigeria.
He has raised over 1,000 millionaires in the country because helping others grow is part of his humility and a way of giving back to the society. he said very important thing and i quote 'if you want to go far in business please be humble"
Corporation
This investment strategy has helped a lot of business men in the country not only Obi Cubana. corporation has to do with having shareholders, business conglomerates and workers that has one common goal to achieve. the common goal for example in the aspect of Obi Cubana is to bring that name Cubana to limelight and that's what Cubana group has done over the years.
Corporation helps to reduce imposed tax, government threat and other obstacles in the business, it increases ROI & ROE ( return on investment and return on equity) and also reduces personal expenses and stress due to collective effort.
How Much does Obi Cubana Make in Real Estate Business
Obi Cubana gaddeva blog shot.
Obi Cubana is a business man that has achieved a lot so far but still has a great personality and likes to keep a low profile life, he has just a few liabilities and a lot of assets and that's another answer to how Obi Cubana's real estate business excelled.
How much he makes depends on the end of the year Cubana group financial statement to show all expenditure and income generated from his real estate investments. due to his humility and private life you can't actually detect how much he makes everyday, monthly and yearly. but we know his net worth though.
Cubana groups keeps their financial statement private, away from public consumption. many still believes he makes billions of naira every year but is not proven and the information is not from reliable source.
Generally this is all we know and available for public consumption about the Nigeria business man Obi Cubana.
Real name: Obinna Iyiegbu
Date of birth: April 12, 1975
Country of Origin: Federal Republic of Nigeria
Source of Wealth: Real estate investment
Net worth: $96 million
Wife: Mrs Ebele Iyiegbu
Children: Alex, Ifeanyi, Ebube, Kosisochukwu,
Obi Cubana's Real Estate Business Associates
Obi Cubana &Cubana Chiefpriest
If you want o go fast in life go alone but if you want to go far in life go together. this principle has being guiding the billionaire Obi Cubana. having many business associates is another answer to the question how Obi Cubana's real estate business excelled.
No doubt that he has raised many millionaires across the country but most times he raise and find people to help him to push his business forward through collective efficiency. funds shares depends on the terms and conditions of the contract. he has raised many people from slums and abject poverty through that process.
Obi Cubana works with close associates including Paschal Okechukwu popularly known as Cubana Chief Priest to manage his entertainment conglomerates around the country. Obi Cubana in a recent interview revealed that he is currently working on Cubana Dubai and Cubana London to move his real estate industrial business across the globe.
In each state he has a real property of Cubana group, he normally have a business associates often a native of the state he builds his real property. so as to have a soft landing in the state and security conscious with regard to the location of the real property.
Here's some of his real properties and location in the country.
