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Flipping Houses
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Multipod
#1 Posted : Wednesday, January 20, 2016 12:25:55 PM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
Is it possible to flip houses in Kenya? Either as an individual or as a chama? It seems like a good way to make money in the States.
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Wazua Cocoon
#2 Posted : Thursday, January 21, 2016 1:40:58 PM
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Joined: 9/28/2011
Posts: 86
Yes
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Multipod
#3 Posted : Thursday, January 21, 2016 2:26:39 PM
Rank: New-farer

Joined: 6/25/2015
Posts: 36
Location: Nairobi, Kenya
Elaborate. Are you talking from experience?
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Jinomoja
#4 Posted : Thursday, January 21, 2016 3:04:51 PM
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Joined: 6/30/2015
Posts: 11
Which side of Kenya will you be buying the houses at below the market price?
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Jinomoja
#5 Posted : Thursday, January 21, 2016 3:41:26 PM
Rank: New-farer

Joined: 6/30/2015
Posts: 11
You know, just after my question above, I've realised that in my neighbourhood (Nairobi West)there are a couple of very old houses that would probably fetch very nice profits if you bought and renovated them up to standards.
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loice jelagat
#6 Posted : Thursday, January 21, 2016 6:05:25 PM
Rank: Hello

Joined: 1/21/2016
Posts: 1
Location: Nakuru
Flipping houses can possible if you have the right team, resources and information of the house you are about to purchase. Also when entering this kind of of business be prepared to meet the unexpected challenges.
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Xymalos
#7 Posted : Thursday, January 21, 2016 7:40:12 PM
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Joined: 2/14/2015
Posts: 98
Location: Kenya
Multipod wrote:
Is it possible to flip houses in Kenya? Either as an individual or as a chama? It seems like a good way to make money in the States.


Instead of buy, renovate, and then sell, the better option may be to buy plot in good neighbourhood, construct and then sell the house. Houses/plots in old neighborhood like Nairobi West are too pricey to flip.
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hardwood
#8 Posted : Thursday, January 21, 2016 9:55:41 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Xymalos wrote:
Multipod wrote:
Is it possible to flip houses in Kenya? Either as an individual or as a chama? It seems like a good way to make money in the States.


Instead of buy, renovate, and then sell, the better option may be to buy plot in good neighbourhood, construct and then sell the house. Houses/plots in old neighborhood like Nairobi West are too pricey to flip.


True. Buy 30m plot in runda or karen, use 20m to put up house and sell for 70m. Thats 20m profit.
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Mukiri
#9 Posted : Saturday, January 23, 2016 8:09:25 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Best option for generation young, start small and grow into your dream house

Proverbs 19:21
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sparkly
#10 Posted : Sunday, January 24, 2016 11:27:01 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Mukiri wrote:
Best option for generation young, start small and grow into your dream house


Flipping = buying and selling for a profit
Life is short. Live passionately.
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