Wazua
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Invest in Real Estate by pooling resources
Rank: Member Joined: 1/21/2013 Posts: 427
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a4architect.com wrote:@timuka. Interested people are registering here www.a4architect.com/discus/topic/joint-investment/Once a quorum of 12 is reached, implementation will begin. In Zimmerman, i hear there are such goups with already completed projects using similar concept. Contact @dunkang for more on the Zimmerman implementation. I have been closely following your updates on this topic having already gone though your website and taken note of what you have elaborated about the project. I understand the concept but the only area I don't have clarity on is how sectional ownership arrangements works. What form of ownership documentation will i have?
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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either a sectional title or shares % within the LLC that owns the property. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Can I use this to develop my property, with title under my name... and work-out a plan where rent proceeds will pay-off fellow investors? Then we can move on to their property, under their name.. and so on and so forth
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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Mukiri wrote:Can I use this to develop my property, with title under my name... and work-out a plan where rent proceeds will pay-off fellow investors? Then we can move on to their property, under their name.. and so on and so forth @Mukiri, i doubt the other investors would agree to that. It would be better to form a LLC and your land becomes part of the initial capital with the other member's contributions contributing to the capital for developing the plot. That way, shareholding is clear and risk and returns easily apportioned. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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Gathige wrote:Mukiri wrote:Can I use this to develop my property, with title under my name... and work-out a plan where rent proceeds will pay-off fellow investors? Then we can move on to their property, under their name.. and so on and so forth @Mukiri, i doubt the other investors would agree to that. It would be better to form a LLC and your land becomes part of the initial capital with the other member's contributions contributing to the capital for developing the plot. That way, shareholding is clear and risk and returns easily apportioned. @mukiri. What @gathige has described is the best option. The value of your land will be determined by a registered valuer agreed upon by all members then the value becomes the number of shares you own. For example, say the value is 2m. If each of the 12 members is to contribte 1m, then you will be deemed to have contributed 2m or 2 shares. You will need another 10 members for the project to complete and bring in rental income. In the LLC, you will have 2/12 shares or 2 bedsitter units out of 12. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: New-farer Joined: 10/29/2013 Posts: 13
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Njung'e wrote:@Pesa 16, Iko chida mahali? Ata mimi naona ivyo Maji yakizidi unga toroka
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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JeyT wrote:Njung'e wrote:@Pesa 16, Iko chida mahali? Ata mimi naona ivyo shida gani? fafanua tafadhali As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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@a4architect habari. Any update you would love to share on this? Would be glad to know. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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@bigchick. Title deed already acquired and designs recently approved. Check the documents at www.a4architect.com. Bypass road construction still going on till july 2015. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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a4architect.com wrote:@bigchick. Title deed already acquired and designs recently approved. Check the documents at www.a4architect.com. Bypass road construction still going on till july 2015. http://www.a4architect.c...ong-the-southern-bypass/As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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a4architect.com wrote:@bigchick. Title deed already acquired and designs recently approved. Check the documents at www.a4architect.com. Bypass road construction still going on till july 2015. 4architect-would it not be easier for all to own the hotel then share profits like every six month or yearly according to one's contribution? Though I like your Idea.
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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@africancoloner, all are part owners of the hotel by owning a share of a4architect investment ltd, which in turn owns the land. Instead of the profits being shared half yearly, its easier for each owner to select how they want to receive their profit eg monthly, yearly , etc. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Member Joined: 12/11/2006 Posts: 884
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@a4, Will all the owners earn equal profits per share or will the profits be determined by how much the particular room an investor owns has been occupied. “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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@ngapat, all the hotel rooms are the same size. All room owners will earn an equal share regardless of how many times their rooms were used. We are budgeting an occupation rate of 70% per month which is expected to rise to nearly 100% since the land is next to a busy international highway, southern bypass. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Member Joined: 12/11/2006 Posts: 884
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If i join today, how much will i pay? “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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@ngapat, check here http://www.a4architect.c...ass-nairobi-sale-price/
kes 2m. The price keeps rising up as time goes by. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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The room is @ 5Million Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 12/2/2009 Posts: 299 Location: kenya
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I get the feeling Urithi bollowed heavily from this idea of pooling resources in their 'own a room'concept. They have really capitalised on it with their marketing strategy.
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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I have seen the same idea being fronted by real estate companies developing hotels in Naivasha and also Giraffe Ark in Nyeri has a similar offer
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Rank: New-farer Joined: 6/27/2016 Posts: 11 Location: Nairobi
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Would to get an update on this project, was it a success?
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