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Rank: Hello Joined: 7/16/2013 Posts: 4
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Hi. I have a two prong dilemma. I don't have a healthy bank statement. I've just been tipped of two real estate opportunities. One is an eighth at milimani area in Kitengela going for 1.1 million 28 km from Nairobi and another is kantafu area going for 380k -- the Daykio plots. Are the two areas likely to hike in price? The speculative figures given were very impressive. That's part 1 of my problem. I need to get a loan in order to buy either of the plots. I have 14 acres in nyandarua with a value of 3-4m. Can I get a loan from a bank with an unhealthy bank account or do you know an institution that is genuine that can help. I make 40k a month from business.
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Rank: Member Joined: 3/12/2011 Posts: 108
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kay2010 wrote:Hi. I have a two prong dilemma. I don't have a healthy bank statement. I've just been tipped of two real estate opportunities. One is an eighth at milimani area in Kitengela going for 1.1 million 28 km from Nairobi and another is kantafu area going for 380k -- the Daykio plots. Are the two areas likely to hike in price? The speculative figures given were very impressive. That's part 1 of my problem. I need to get a loan in order to buy either of the plots. I have 14 acres in nyandarua with a value of 3-4m. Can I get a loan from a bank with an unhealthy bank account or do you know an institution that is genuine that can help. I make 40k a month from business. Perhaps you could use the 14 acres in Nyandarua to generate revenue that could go towards buying a plot in future! Why hurry to get a loan yet plots will still be available any time in the future when you have the cash!
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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You have not been tipped. Those are the going rates.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ndaragwa wrote:kay2010 wrote:Hi. I have a two prong dilemma. I don't have a healthy bank statement. I've just been tipped of two real estate opportunities. One is an eighth at milimani area in Kitengela going for 1.1 million 28 km from Nairobi and another is kantafu area going for 380k -- the Daykio plots. Are the two areas likely to hike in price? The speculative figures given were very impressive. That's part 1 of my problem. I need to get a loan in order to buy either of the plots. I have 14 acres in nyandarua with a value of 3-4m. Can I get a loan from a bank with an unhealthy bank account or do you know an institution that is genuine that can help. I make 40k a month from business. Perhaps you could use the 14 acres in Nyandarua to generate revenue that could go towards buying a plot in future! Why hurry to get a loan yet plots will still be available any time in the future when you have the cash! Exactly...rem ua going to pay interest on that loan and you will have charged that land....there is a possibility by the time you pay the loan the appreciation of the land will be cancelled out...why risk that... possunt quia posse videntur
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Rank: Member Joined: 4/20/2008 Posts: 437
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Exactly where in Nyandarua is your land? Water availability? Depending on this, you could lease [proper registered lease] the land for say 3 years, collect the rent in advance, top up with savings or such and buy the Daykio plot.
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Rank: Hello Joined: 7/16/2013 Posts: 4
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It's in Kirima. Water and elec is available.
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Rank: Member Joined: 4/20/2008 Posts: 437
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kay2010, what's your email?
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Rank: Hello Joined: 7/16/2013 Posts: 4
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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kay2010 wrote:polkadots2050@gmail.com sent u mail my dear, kindly reply. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Hello Joined: 7/16/2013 Posts: 4
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Angelica _ann wrote:kay2010 wrote:polkadots2050@gmail.com sent u mail my dear, kindly reply. no mail yet
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Rank: Member Joined: 4/20/2008 Posts: 437
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