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Investing KShs. 100m
Rank: New-farer Joined: 7/3/2015 Posts: 12
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Hi people, if you had KES 100m ($1m), is an already built apartment building along Ngong' Road/Kilimani area a good investment? For example, this one near Adams Arcade/Toi market? https://drive.google.com...2wwdEd1VEk1ZENmYTU4WkF3
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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How many units are there? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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Ericsson wrote:How many units are there? 8 3-bedroom units.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:How many units are there? Occupancy levels plus monthly rent income vs associated costs? 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: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Nunua bond don't even think twice.... possunt quia posse videntur
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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Angelica _ann wrote: Occupancy levels plus monthly rent income vs associated costs? Don't have this info at hand but getting it... I mostly want to know whether investing in an apartment building in the area is generally a good idea i.e the best use of $1m.
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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Angelica _ann wrote:Occupancy levels plus monthly rent income vs associated costs? No units currently occupied (vacated for sale), but previously was used for professional offices at 140k per month per unit. Can be used for either residential or offices. But as I said, I generally want to know whether investing in such buildings in the area is the best use of $1m.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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maka wrote:Nunua bond don't even think twice.... In this economy, best move for now. When things turn, you can place the bond as collateral and borrow to buy property. Business opportunities are like buses,there's always another one coming
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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KulaRaha wrote:maka wrote:Nunua bond don't even think twice.... In this economy, best move for now. When things turn, you can place the bond as collateral and borrow to buy property. Sawa sawa. No experience in this area but I'm investigating.
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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I should point that this this money is not mine, it's a relative's. I've always had the hunch that new residential/office properties in the Ngong road area are currently facing occupancy problems.
I haven't researched this, but I just don't have the feeling that this is the best investment.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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einstein wrote:I should point that this this money is not mine, it's a relative's. I've always had the hunch that new residential/office properties in the Ngong road area are currently facing occupancy problems.
I haven't researched this, but I just don't have the feeling that this is the best investment. Weka yote KQ shares na unanyamaze mwaka moja uone.. Thank me later
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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einstein wrote:I should point that this this money is not mine, it's a relative's. I've always had the hunch that new residential/office properties in the Ngong road area are currently facing occupancy problems.
I haven't researched this, but I just don't have the feeling that this is the best investment. Contact me, I will help you do the Financial and Legal due diligence, at a small fee. Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Look for another Kes 200m ($2m) and then join us here >>> http://www.wazua.co.ke/f...s&t=37008#post856488In 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: New-farer Joined: 7/3/2015 Posts: 12
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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obiero wrote:einstein wrote:I should point that this this money is not mine, it's a relative's. I've always had the hunch that new residential/office properties in the Ngong road area are currently facing occupancy problems.
I haven't researched this, but I just don't have the feeling that this is the best investment. Weka yote KQ shares na unanyamaze mwaka moja uone.. Thank me later I believe you, but I'm not putting that much money in a single stock. I'm not that wealthy.
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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sparkly wrote: Contact me, I will help you do the Financial and Legal due diligence, at a small fee. Will see about that.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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maka wrote:Nunua bond don't even think twice.... I though these things are usually oversubscribed,i,e how would the investor get a substantial allocation?And when they are over-subscribed,is the allocation on a prorata basis?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:maka wrote:Nunua bond don't even think twice.... I though these things are usually oversubscribed,i,e how would the investor get a substantial allocation?And when they are over-subscribed,is the allocation on a prorata basis? Ummmh there is a secondary market....Rem...You will probably take a hit of around 10 to 15 BPS post auction but you will get your bond in full.... possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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I will advise you as follows: a) Put 50% of the sum into stocks. b)Buy the following stocks at their current prices,Safaricom,kcb and equity. c)Put 50% of the sum into treasury bond. d)From the good dividends in the stocks and bond interest,you will live on them and still be able to get that apartment. Towards the goal of financial freedom
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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I Towards the goal of financial freedom
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Investing KShs. 100m
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