PROPERTY TRANSACTION GUIDE

How to acquire property with zero capital - Firm
By Akinpelu Dada

Punch, Monday, 30th March 2009

A real estate and investment firm is presenting Nigerians with a unique opportunity of owning their landed properties with zero capital through a multi-level marketing arrangement.

The scheme, according to the Chief Executive, Wealthteam Properties Limited, Mr. Sunny Elem, is a genuine way of making people to earn graduated income through commissions, which can then be invested in property acquisition.

He said that through the company’s Real Estate Creative Runs, average salary earners whose monthly take home pay was about N25,000 and even students, could own landed properties by just referring others and earning from other people’s efforts.

Elem said that multi-level marketing, which had been successfully used to market health products, could be used to market anything, while the marketers could use their commissions as deposit for their land or property.

He said that the firm had software that tracked every transaction with subscribers and Wealthteam jointly endorsing a deed of contract, while receipts would be issued for every payment made.

To convince potential subscribers of the credibility of the scheme, the company is offering a number of property portfolios to which they can subscribe.