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Is Taking a Mortgage the WORST Decision Ever??
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MaichBlack
#521 Posted : Monday, May 11, 2015 12:20:55 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
Pension Schemes Returns in the NSE
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#522 Posted : Monday, May 11, 2015 12:31:48 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
MaichBlack wrote:
MaichBlack wrote:
@Kiwaru - How many nicely spaced (not extravagant) "standard" two bedroom units can you fit per floor in a 50 by100 plot.

Other wazuans who have done it before can also contribute.

Wazuans tafadhali saidia.

@kiwaru, @A4Architect, wazua landlords???

Wazua landlords!!! Can you seriously be this mean with information???

There are enough tenants for everyone! He he he.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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jaggernaut
#523 Posted : Monday, May 11, 2015 7:48:31 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
@Kiwaru - How many nicely spaced (not extravagant) "standard" two bedroom units can you fit per floor in a 50 by100 plot.

Other wazuans who have done it before can also contribute.

Wazuans tafadhali saidia.

@kiwaru, @A4Architect, wazua landlords???

Wazua landlords!!! Can you seriously be this mean with information???

There are enough tenants for everyone! He he he.


The best design is 4 No. 2bdrms plus 1 No. 1 bdrm per floor. Assuming the plot is rectangular, you put two 2bdrm units mbele and two 2bdrm huko nyuma. The 1bdrm iko hapo katikati sharing space with the staircase.
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Sevian
#524 Posted : Tuesday, May 12, 2015 10:17:39 AM
Rank: New-farer

Joined: 4/8/2015
Posts: 42
jaggernaut wrote:
MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
@Kiwaru - How many nicely spaced (not extravagant) "standard" two bedroom units can you fit per floor in a 50 by100 plot.

Other wazuans who have done it before can also contribute.

Wazuans tafadhali saidia.

@kiwaru, @A4Architect, wazua landlords???

Wazua landlords!!! Can you seriously be this mean with information???

There are enough tenants for everyone! He he he.


The best design is 4 No. 2bdrms plus 1 No. 1 bdrm per floor. Assuming the plot is rectangular, you put two 2bdrm units mbele and two 2bdrm huko nyuma. The 1bdrm iko hapo katikati sharing space with the staircase.


@maichblack
Do you have a sample draft? Please share. seviankampuni@gmail.com
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Gordon Gekko
#525 Posted : Tuesday, May 12, 2015 4:48:31 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
jaggernaut wrote:
MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
@Kiwaru - How many nicely spaced (not extravagant) "standard" two bedroom units can you fit per floor in a 50 by100 plot.

Other wazuans who have done it before can also contribute.

Wazuans tafadhali saidia.

@kiwaru, @A4Architect, wazua landlords???

Wazua landlords!!! Can you seriously be this mean with information???

There are enough tenants for everyone! He he he.


The best design is 4 No. 2bdrms plus 1 No. 1 bdrm per floor. Assuming the plot is rectangular, you put two 2bdrm units mbele and two 2bdrm huko nyuma. The 1bdrm iko hapo katikati sharing space with the staircase.

Disaster. Clientele for 1br are single young upwardly mobile carefree monied people. Clientele for 2br are just married couples with their first kid. How will these two mix? Huyo single lady shacking in the 1br will be skinned alive by the first time mothers.
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MaichBlack
#526 Posted : Thursday, June 04, 2015 9:12:15 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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The optimist
#527 Posted : Friday, July 03, 2015 6:26:59 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
The discussion hasn't stopped there.
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Gordon Gekko
#528 Posted : Saturday, July 04, 2015 9:18:15 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
The optimist wrote:
The discussion hasn't stopped there.



Where's he getting a 12% fixed rate for 20 yrs?
The rent today's less than mortgage repayments, what about in 5 years?
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MaichBlack
#529 Posted : Tuesday, October 20, 2015 9:30:10 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
Tings a gwan!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#530 Posted : Tuesday, October 20, 2015 9:45:17 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
A 20 year 30 million loan at 17% interest rate has a monthly repayment of Kshs. 440,040/=.

Adjusting the same loan to 27% without changing the repayment period increases the monthly repayments to Kshs. 678,252/=. A 54% increment in monthly repayment amount (Though a casual eye might 'see' a 10% increment). Adjusting the payment period makes things worse in terms of interest payments but at least spreads out the pain over a long long time!!!

That is how fast you can get screwed!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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