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with 1.5 milli bony chest
Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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To borrow the bony chest line from one wazuan, what does someone do with 1.5m loan- I will have this money ina few months time and torn between buying an 1/8th in kitengela or about 4 acres of averagely fertile land in Kitale. I am keen on investing where I can make some income ok not also oblivious of the reality of land appreciations rates esp in Nai county. Any ideas/alternatives from the ever resourceful wazua? "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Veteran Joined: 3/27/2009 Posts: 1,437
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@T9. You are getting a loan without a specific project? Wapi huko hata mimi nipate moja?
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Rank: New-farer Joined: 2/20/2013 Posts: 47
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very dangerous move my friend.dont put the cart before the horse You were put on this earth to achieve your greatest self, to live out your purpose, and to do it fearlessly.
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Rank: New-farer Joined: 2/20/2013 Posts: 47
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very dangerous move my friend.dont put the cart before the horse! You were put on this earth to achieve your greatest self, to live out your purpose, and to do it fearlessly.
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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ahoo wrote:very dangerous move my friend.dont put the cart before the horse! Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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tnai9 wrote:ahoo wrote:very dangerous move my friend.dont put the cart before the horse! Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates.
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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mawinder wrote:tnai9 wrote:ahoo wrote:very dangerous move my friend.dont put the cart before the horse! Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates. @Mawinder, please expound! "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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mawinder wrote:
Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates.
The Kitengela plan is for a home. I suppose your proposal is business - buy, hold for some yrs- then sell at a profit. Which is the best alternative?? If I hold the say 3 plots I can buy @500k per plot for 4yrs and sell, will I still be able to afford like an 8th in say chuna neighborhood? "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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tnai9 wrote:mawinder wrote:tnai9 wrote:ahoo wrote:very dangerous move my friend.dont put the cart before the horse! Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates. @Mawinder, please expound! Yes.I meant business.I mean places neighbouring the so called Longonot gate,Thika Greens etc.You can also look at Namanga where a one stop border post is coming up.The trick is buy a sizeable portion,sell part of it when it appreciates and use the proceeds to jumpstart your development on the remaining portion.If you are adventurous enough,you could consult @young and try Kampala or Entebbe.
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Rank: Member Joined: 2/18/2011 Posts: 448
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well allow me to share a secret.check out safaricom investment cooperative website;very sweet land deals like the 120k/acre elangata wuas deep in kajiado west.....
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs.
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Ngong wrote:Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs. @Ngong, Kindly what is the return rate from the Stanchart account? If I bought a plot for 1M now, it will certainly fetch more than 1.1M afta a year, that is more than 10% 'profit'. Can the returns from the acc exceed 10%? Your plan were my initial thoughts, but again am looking at buying a plot for a home at 1M, and thinking it wont be such a good place esp in Nai. I am also thinking I would rather rent and start an income generating project, than buy a plot for a home which I may not move in say in the next 5 years, plus the place may be very far yet I will have pushed in quite a bit. Your thoughts please "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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tnai9 wrote:Ngong wrote:Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs. @Ngong, Kindly what is the return rate from the Stanchart account? If I bought a plot for 1M now, it will certainly fetch more than 1.1M afta a year, that is more than 10% 'profit'. Can the returns from the acc exceed 10%? Your plan were my initial thoughts, but again am looking at buying a plot for a home at 1M, and thinking it wont be such a good place esp in Nai. I am also thinking I would rather rent and start an income generating project, than buy a plot for a home which I may not move in say in the next 5 years, plus the place may be very far yet I will have pushed in quite a bit. Your thoughts please We have Faulu at 12% but taking a loan to invest in a fixed deposit?
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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kitale, could be a better option
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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mawinder wrote:tnai9 wrote:Ngong wrote:Put 1 million into a high yield fixed deposit account [eg stanchart] and komboa shamba kitale with the balance.
plots za kitengela hazitaisha til about 30 yrs or 60 yrs. @Ngong, Kindly what is the return rate from the Stanchart account? If I bought a plot for 1M now, it will certainly fetch more than 1.1M afta a year, that is more than 10% 'profit'. Can the returns from the acc exceed 10%? Your plan were my initial thoughts, but again am looking at buying a plot for a home at 1M, and thinking it wont be such a good place esp in Nai. I am also thinking I would rather rent and start an income generating project, than buy a plot for a home which I may not move in say in the next 5 years, plus the place may be very far yet I will have pushed in quite a bit. Your thoughts please We have Faulu at 12% but taking a loan to invest in a fixed deposit? That is my point exactly, the profit from the fixed acc will possibly be equal to the interest paid on the loan. Even at 12%-my sacco did 11% this year-, the returns out of 1M is 120K which,is still less compared to the value land can appreciate with, in the same year. "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Jamani wrote:kitale, could be a better option Jamani would you kindly explain, bearing in mind my other views about value gain on land vs profits from alternative investments. What I didnt recal was If I make 300K in Kitale, that is actually turnover. The profit would be like 150K. "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Where in Kitale are you buying?
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Look it this way:
Buy the plot 1 Million today after one year 1.1M but can you sell the plot immediately and take opportunity of another deal or investment-selling a plot is not easy.
Two,1M purchase,200K fence how long will it take you to get about 1.5M to construct.
Third plots,cars,nice suits,beautiful ladies are not bought by first loan but generation from a profitable venture.
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Jamani wrote:Where in Kitale are you buying? On your way to cherangany "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Ngong wrote:Look it this way:
Buy the plot 1 Million today after one year 1.1M but can you sell the plot immediately and take opportunity of another deal or investment-selling a plot is not easy.
Two,1M purchase,200K fence how long will it take you to get about 1.5M to construct.
Third plots,cars,nice suits,beautiful ladies are not bought by first loan but generation from a profitable venture. What is the average time it takes? I guess is depends on location and price. More concerns about the kitale plan is on price of the produce/weather. I know I have to choose something regardless of the risks, but would like to make the 'best' move "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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