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is it worth investing on rental flats?
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kamaug
#61 Posted : Thursday, August 25, 2011 4:20:04 PM
Rank: New-farer

Joined: 10/27/2010
Posts: 26
Location: NBI
Pablo wrote:
This is an argument that has been there since time in memorial.

Its all about your risk appetite.

Also without being too contraversial I can bet my A** that all those saying real estate is not worth it are likely to be below 35 or so and can only dream of Kshs. 10M. Those who have access to that type of cash am sure would jump to such an opportunity as GG has pointed out.

When I was younger I used to say why buy a house and pay an 85k mortguage while I could pay 30k for the same house and invest the rest in the stock exchange. By the way at that time my rented a 4br corner house with Sq in south C was being offered to me at 7M. Today its just unaffordable. Not only have i sank 6 yrs rent and did not buy stocks with the balance but also missed out on 8M capital gains. Mind you simmilar houses now rent for 60k.

So u choose.

you still would be paying for the house, and you will definately pay more than the asking 7m for it..
WTF
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Cde Monomotapa
#62 Posted : Thursday, August 25, 2011 4:20:57 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@GK. "The law is always good; just depends on which side of it you are on" ~ Cde Monomotapa a.k.a Wakili.
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  | | Edit by user: Thursday, August 25, 2011 4:23 PM | Reason: Not specified
Mainat
#63 Posted : Thursday, August 25, 2011 4:40:08 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Imho, buying flats especially now and particularly in high-end areas carries some risk of price falling.
Wacha kwanza if this proposed law change to allow more than 4 storeys comes into play...
Sehemu ndio nyumba
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Genghis Khan
#64 Posted : Thursday, August 25, 2011 4:58:17 PM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
Mainat wrote:
Imho, buying flats especially now and particularly in high-end areas carries some risk of price falling.
Wacha kwanza if this proposed law change to allow more than 4 storeys comes into play...

In times such as these harsh,
I would rather hold gold than cash,
Which gold does not decay with time.

And in times such as these bold,
I would rather hold property than gold,
Which property lets me take cash off others.
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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  | | Edit by user: Thursday, August 25, 2011 6:11 PM | Reason: Not specified
abroaduni
#65 Posted : Friday, August 26, 2011 11:29:28 AM
Rank: New-farer

Joined: 8/15/2011
Posts: 20
Location: denver
Hi,
I am going to start a new business in the canada.So,please suggest me some business tips,like which you said that invest less capital and earn more.

Waiting for your reply.

Thanks

canada visa

canada work permit
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obiero
#66 Posted : Sunday, August 24, 2014 8:03:31 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
im thinking of developing a four storied flat in Nyanza

KQ ABP 4.26
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Truebeauty
#67 Posted : Monday, August 25, 2014 7:51:20 AM
Rank: New-farer

Joined: 1/16/2014
Posts: 25
And...??
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ChumsQuest
#68 Posted : Thursday, August 28, 2014 9:18:26 PM
Rank: Member

Joined: 1/24/2013
Posts: 325
Pablo wrote:
@Cde Monomotapa Its not personal.

90% of you younger guys will fall into this. I put this here for your benefit.

Thanks @Pablo. I guess what you are saying is, secure income flow in real estate, leave the rest to play...
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Rahatupu
#69 Posted : Monday, September 01, 2014 11:29:11 AM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
obiero wrote:
im thinking of developing a four storied flat in Nyanza
,

@Obiero, bet you mean Kisumu. Go go for it!
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mahongap
#70 Posted : Thursday, September 18, 2014 5:36:44 PM
Rank: Hello

Joined: 9/12/2014
Posts: 4
Both investments needs knowledge, whether buying shares, buying rental property or building flats.
I'm in both but rental business is the best long term and all wealthy guys are in this business.
What Genghis Khan wrote is worth reading twice or even three times.
May be to add, ten you have 10M you buy a plot that has title deed and put a flat. Asssuming the cost of the plot is 2m and the flat is 8m with monthly rental income of KKshs 70,000.
You can confortably take another loan of 10M buy a plot and put another





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