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Rank: New-farer Joined: 3/28/2016 Posts: 37 Location: nairobi
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A 5.5% return (though the capital gains are unrealized) in one month is even higher than that SIB product called Mansa X which I think is at 2% per month.
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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kediveKed wrote:A 5.5% return (though the capital gains are unrealized) in one month is even higher than that SIB product called Mansa X which I think is at 2% per month. As I said, it feels good while it lasts  Wacha hitilafu iangukie mtu. All it takes is one negative news story exposing the rot within! Scandals are not very far from even the bluest chip companies in this republic of ours. Casino si mjezo kapsa kapsaa. In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Nothing to get excited about given it is Month 1 of 48. 47 to go. Dividend drought coming in 2021 as FY2020 losses pile up. I will update you on dividends and trades. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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VituVingiSana wrote:
Nothing to get excited about given it is Month 1 of 48. 47 to go.
Dividend drought coming in 2021 as FY2020 losses pile up.
I will update you on dividends and trades.
Fair enough  But just for comparison's sake and the main reason why I say investing in the rickety casino vs RE is insanity.. I am building a 2 br bungalow within 30 days tops that will generate 15k a month The moment the last drop of paint dries on the finished thing after construction, the structure alone would easily be worth double the value since I built at cost using my expertise and without paying a contractors profit since I am the contractor. AND THIS DOUBLING IS A VERY CONSERVATIVE ESTIMATE. What are the unrealized returns on that in a single month? And this is before accounting for the long term cap gain on the land aspect of said property. I would have to be NU.TS to invest in the creaky casino over RE But gila mtu na sumu yaghe In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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amorphous wrote:VituVingiSana wrote:
Nothing to get excited about given it is Month 1 of 48. 47 to go.
Dividend drought coming in 2021 as FY2020 losses pile up.
I will update you on dividends and trades.
Fair enough But just for comparison's sake and the main reason why I say investing in the rickety casino vs RE is insanity.. I am building a 2 br bungalow within 30 days tops that will generate 15k a month The moment the last drop of paint dries on the finished thing after construction, the structure alone would easily be worth double the value since I built at cost using my expertise and without paying a contractors profit since I am the contractor. AND THIS DOUBLING IS A VERY CONSERVATIVE ESTIMATE. What are the unrealized returns on that in a single month? And this is before accounting for the long term cap gain on the land aspect of said property. I would have to be NU.TS to invest in the creaky casino over RE But gila mtu na sumu yaghe I am building a 2 br bungalow within 30 days tops Umepata all relevant approvals? Ama, pale DC anything goes? Also what's the cost of the project? Land and construction. And net income after all expenses including maintenance, etc. Good for you re: real estate projects  but different strokes for different folks. Different roads, same destination. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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VituVingiSana wrote:amorphous wrote:VituVingiSana wrote:
Nothing to get excited about given it is Month 1 of 48. 47 to go.
Dividend drought coming in 2021 as FY2020 losses pile up.
I will update you on dividends and trades.
Fair enough But just for comparison's sake and the main reason why I say investing in the rickety casino vs RE is insanity.. I am building a 2 br bungalow within 30 days tops that will generate 15k a month The moment the last drop of paint dries on the finished thing after construction, the structure alone would easily be worth double the value since I built at cost using my expertise and without paying a contractors profit since I am the contractor. AND THIS DOUBLING IS A VERY CONSERVATIVE ESTIMATE. What are the unrealized returns on that in a single month? And this is before accounting for the long term cap gain on the land aspect of said property. I would have to be NU.TS to invest in the creaky casino over RE But gila mtu na sumu yaghe I am building a 2 br bungalow within 30 days tops Umepata all relevant approvals? Ama, pale DC anything goes? Also what's the cost of the project? Land and construction. And net income after all expenses including maintenance, etc. Good for you re: real estate projects but different strokes for different folks. Different roads, same destination. Shared my formula kitaambo. Read and weep mbradza http://wazua.co.ke/forum.aspx?g=posts&t=38020
Who in their right minds gets approvals for SQ's in this here Kiinya? Approvals will come for the main structure whether apartments of Maisonettes. Different strokes indeed, BUTRE is like crossing Tana River in a well fueled chopper, parachutes in tow, Ex-military experienced pilot at the helm, fuel to last a full day of flying, air conditioning dani yage plus snacks and kekis to munch with the missus while you both watch Nancy on the property show.CASINO on the other hand is like crossing same river in a rickety DUG OUT CANOE wearing chupi peke yake, with a grevillea mbao as a paddle to navigate across the shark infested rapids! Could you make it across? Perhaps. But at great cost and effort including possibly loss of limb! In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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What would 1/8 acre cost today after all expenses? Building is 1mn per the thread. I am the type to get approvals. Just one of those Uzee things. I am trying to understand the numbers. 15k x 12 = 180k is an impressive 18% p.a. gross but excludes the cost of land. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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VituVingiSana wrote:What would 1/8 acre cost today after all expenses?
Building is 1mn per the thread. I am the type to get approvals. Just one of those Uzee things.
I am trying to understand the numbers.
15k x 12 = 180k is an impressive 18% p.a. gross but excludes the cost of land. Plug in 2 metre for the average 1/8th. But please remember if I bought it in 2010, I paid 500k or less for it. And if I hold it for 10 years, it might be going for 20m then. As I said, tis a no brainer between the two (RE vs Casino) In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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amorphous wrote:VituVingiSana wrote:What would 1/8 acre cost today after all expenses?
Building is 1mn per the thread. I am the type to get approvals. Just one of those Uzee things.
I am trying to understand the numbers.
15k x 12 = 180k is an impressive 18% p.a. gross but excludes the cost of land. Plug in 2 metre for the average 1/8th. But please remember if I bought it in 2010, I paid 500k or less for it. And if I hold it for 10 years, it might be going for 20m then. As I said, tis a no brainer between the two (RE vs Casino) 1) We have to use today's value. Some of my shares were purchased kitambo and at very low prices but that's irrelevant since we look forward. 2) Yes, it MIGHT go for 20mn in 10 years. Or not. We do not know. So using the revised capital input is 3mn. Then 180k/3mn = 6% p.a. though there is potential for the plot but it also needs additional capital to develop assuming you will build a "regular" house vs a SQ. I use similar logic e.g. Centum which has lots of undeveloped land (FV shown at today's prices/value) and I expect it to generate a cash return in the future. Good luck. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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VituVingiSana wrote:amorphous wrote:VituVingiSana wrote:What would 1/8 acre cost today after all expenses?
Building is 1mn per the thread. I am the type to get approvals. Just one of those Uzee things.
I am trying to understand the numbers.
15k x 12 = 180k is an impressive 18% p.a. gross but excludes the cost of land. Plug in 2 metre for the average 1/8th. But please remember if I bought it in 2010, I paid 500k or less for it. And if I hold it for 10 years, it might be going for 20m then. As I said, tis a no brainer between the two (RE vs Casino) 1) We have to use today's value. Some of my shares were purchased kitambo and at very low prices but that's irrelevant since we look forward. 2) Yes, it MIGHT go for 20mn in 10 years. Or not. We do not know. So using the revised capital input is 3mn. Then 180k/3mn = 6% p.a. though there is potential for the plot but it also needs additional capital to develop assuming you will build a "regular" house vs a SQ. I use similar logic e.g. Centum which has lots of undeveloped land (FV shown at today's prices/value) and I expect it to generate a cash return in the future. Good luck. Good points but umesahau the small issue of my instant one month 100% cap gain on the structure . The long term cap gain is as good as guaranteed if the past 50+ post independence track record is anything to go by  ! In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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