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Am torn btn buying a Prado and a piece of land.
Swenani
#11 Posted : Thursday, July 17, 2014 8:16:20 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
nakujua wrote:
pick what you are comfortable with, don't let the land chorus overwhelm you - go into land ka hauna haraka na pesa, otherwise unless wewe ni broker proper, disposing off land can be an uphill task to some.

if you can grow your prado biz well, just focus on that.


Great advice
If Obiero did it, Who Am I?
Techsoft
#12 Posted : Saturday, July 19, 2014 11:01:12 AM
Rank: Hello

Joined: 7/19/2014
Posts: 2
Try NSE and Land. The returns may take longer but guaranteed
Othelo
#13 Posted : Saturday, July 19, 2014 11:46:29 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Nse and Land!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
icecube
#14 Posted : Saturday, July 19, 2014 1:54:48 PM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
Techsoft wrote:
Try NSE and Land. The returns may take longer but guaranteed


I suspect returns on NSE may not be as guaranteed as on land
premio
#15 Posted : Saturday, July 19, 2014 8:40:20 PM
Rank: Member

Joined: 5/31/2009
Posts: 226
u can make it in real estate and still buy the prado but my suggestion is start low with a Rav4.Since u have KES4M import a white 2007 RAV4 FOR 1630000KES once the car is here finance it for 1M PAYABLE in 36 installments at approx 33000kes pm. The purpose of the loan is to transfer the risk to the bank. You will be left with 3400000kes to invest in land and real estate. The Rav4 will get u at least 120000kes pm and u can save for 2 years sell it and buy a fairly used prado for approx 2.2m that can then get u 250k pm on corporate rentals. I have done rental for about 6 years using saloons dealing with expartriates and reputable corporates only its profitable if you are not greedy. LOcals only a handfull are worth renting to.
bartum
#16 Posted : Saturday, July 19, 2014 10:47:13 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
premio wrote:
u can make it in real estate and still buy the prado but my suggestion is start low with a Rav4.Since u have KES4M import a white 2007 RAV4 FOR 1630000KES once the car is here finance it for 1M PAYABLE in 36 installments at approx 33000kes pm. The purpose of the loan is to transfer the risk to the bank. You will be left with 3400000kes to invest in land and real estate. The Rav4 will get u at least 120000kes pm and u can save for 2 years sell it and buy a fairly used prado for approx 2.2m that can then get u 250k pm on corporate rentals. I have done rental for about 6 years using saloons dealing with expartriates and reputable corporates only its profitable if you are not greedy. LOcals only a handfull are worth renting to.

how much do you rent a NZE new per month
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