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with 1.5 milli bony chest
tnai9
#1 Posted : Monday, April 08, 2013 11:29:36 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
To borrow the bony chest line from one wazuan, what does someone do with 1.5m loan- I will have this money ina few months time and torn between buying an 1/8th in kitengela or about 4 acres of averagely fertile land in Kitale. I am keen on investing where I can make some income ok not also oblivious of the reality of land appreciations rates esp in Nai county. Any ideas/alternatives from the ever resourceful wazua?
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
Iganamagana
#2 Posted : Monday, April 08, 2013 1:44:12 PM
Rank: Veteran

Joined: 3/27/2009
Posts: 1,437
@T9. You are getting a loan without a specific project? Wapi huko hata mimi nipate moja?
ahoo
#3 Posted : Monday, April 08, 2013 1:50:31 PM
Rank: New-farer

Joined: 2/20/2013
Posts: 47
very dangerous move my friend.dont put the cart before the horse
You were put on this earth to achieve your greatest self, to live out your purpose, and to do it fearlessly.
ahoo
#4 Posted : Monday, April 08, 2013 1:51:52 PM
Rank: New-farer

Joined: 2/20/2013
Posts: 47
very dangerous move my friend.dont put the cart before the horse!
You were put on this earth to achieve your greatest self, to live out your purpose, and to do it fearlessly.
tnai9
#5 Posted : Monday, April 08, 2013 2:50:58 PM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
ahoo wrote:
very dangerous move my friend.dont put the cart before the horse!


Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
mawinder
#6 Posted : Monday, April 08, 2013 3:06:15 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
tnai9 wrote:
ahoo wrote:
very dangerous move my friend.dont put the cart before the horse!


Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment

Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates.
tnai9
#7 Posted : Monday, April 08, 2013 3:09:36 PM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
mawinder wrote:
tnai9 wrote:
ahoo wrote:
very dangerous move my friend.dont put the cart before the horse!


Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment

Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates.


@Mawinder, please expound!
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
tnai9
#8 Posted : Monday, April 08, 2013 3:25:16 PM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
mawinder wrote:

Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates.


The Kitengela plan is for a home. I suppose your proposal is business - buy, hold for some yrs- then sell at a profit. Which is the best alternative?? If I hold the say 3 plots I can buy @500k per plot for 4yrs and sell, will I still be able to afford like an 8th in say chuna neighborhood?
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
mawinder
#9 Posted : Monday, April 08, 2013 3:37:32 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
tnai9 wrote:
mawinder wrote:
tnai9 wrote:
ahoo wrote:
very dangerous move my friend.dont put the cart before the horse!


Actually, the plan is to buy a plot in Kitengela. That implies paying back in 36 months, before I possibly find more for developing it. The plot will be appreciating but i wont be making any revenue from it, unless I look at the appreciation as revenue. 4 acres in ktl will gv me averagely 100bgs per year=about 300K annually. Am leaning tho to the Kitengela plan, but someone was trying to challenge me to find an income generating investment

Avoid the Kitale option not unless you have time to manage the farm on your own.you could look for better appreciating plots elsewhere like outside the villages or gates.


@Mawinder, please expound!

Yes.I meant business.I mean places neighbouring the so called Longonot gate,Thika Greens etc.You can also look at Namanga where a one stop border post is coming up.The trick is buy a sizeable portion,sell part of it when it appreciates and use the proceeds to jumpstart your development on the remaining portion.If you are adventurous enough,you could consult @young and try Kampala or Entebbe.
mibbz
#10 Posted : Monday, April 08, 2013 3:48:43 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
well allow me to share a secret.check out safaricom investment cooperative website;very sweet land deals like the 120k/acre elangata wuas deep in kajiado west.....
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