Wazua
»
Investor
»
Property
»
Real Estate in Kenya
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
I heard some advert on radio for some land in malindi @95k per acre and the price includes personal life insurance cover. Was wondering if the land is somewhere near boni forest for you to require life cover.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,262 Location: nairobi
|
hardwood wrote:I heard some advert on radio for some land in malindi @95k per acre and the price includes personal life insurance cover. Was wondering if the land is somewhere near boni forest for you to require life cover. Hehe. Malindi is vast. Plus that could definitely not be beachfront COOP, IMH, KQ, MTNU
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
|
obiero wrote:hardwood wrote:I heard some advert on radio for some land in malindi @95k per acre and the price includes personal life insurance cover. Was wondering if the land is somewhere near boni forest for you to require life cover. Hehe. Malindi is vast. Plus that could definitely not be beachfront It could be fronting River Sabaki/Athi Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
|
tinker wrote:MugundaMan wrote:Lolest! wrote:
What about Expected Developments Scam? There's an airport, a university coming up. Or even SGR passing nearby
Oh yes  Promising that a "Proposed" bypass will be coming "soon" next to the subject property. 10 years later after buying the buyer is still waiting Another one very similar to this one is that the properties are "right next to the SGR station" yet the reality is the SGR station they are talking about is a crossing station and not a passenger station and therefore of little use to the property owner. River beds n swampy areas.Agents selling plots near a river bed and swampy areas during prolonged dry season. Then when heavy rains comes, you realize you are in the middle of a swamp or your property is swept away by flood waters. I know of a really beautifully finished property that was abandoned in Rongai when rain season came and floods were raging. Advice:Look for a local elderly person near the area, buy him a choma while you inquire on the history of the property, especial during heavy rains before you commit. Excellent advice 
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
|
hardwood wrote:I heard some advert on radio for some land in malindi @95k per acre and the price includes personal life insurance cover. Was wondering if the land is somewhere near boni forest for you to require life cover. Tis possible. Coast agricultural land can be dirt cheap. Especially deep inland. Remote parts of Kajiado also have dirt cheap property and vast tracts at that but you may need choppers and armed guards to get to your parcel once you buy. And if you want relatively cheap beach plotis hit Shimoni but prepare to pambana with the mangroves issue and no tarmac roads after you branch from the main tarmac highway from Diani.
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
|
What about scams by fundis?(I call them vultures) They are too many to count and I am always learning new ones. Juzi I learned of a very creative one: Negotiated a fixed construction fee to build a certain small structure on my plot. Fundi gives list of materials and labour at a very reasonable price. I buy materials by myself, transport to site and fundi dons his overalls and starts work furiously saying it will be over by sundown.
So after hanging around bored past noontime and seeing the work progressing well, I decide this guy and his KYM crew are trustworthy so let me leave them to finish while I go inspect a different site. Wapi? By 6pm the fundi calls and says the work is "almost done" but they will need to come the next day "kumalizia." The next day very early in the morning he calls with a shocking new list of things that need to be done for the structure to be complete.
Mara waterproofing, mara more mchanga, mara one more pack of simiti. Of course I say a big strong no. I then go on ground thinking since the job is almost complete will just get another fundi to finish at a small price. I almost collapse when I find the progress on the structure is hapo hapo where I left it. Apparently they had disappeared like the wind as soon as I left the previous day. Next time I will not make the mistake of leaving site until everything is done, even if it means bring a mattress and a good book plus snacks to spend the whole day there.
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
MugundaMan wrote:What about scams by fundis?(I call them vultures) They are too many to count and I am always learning new ones. Juzi I learned of a very creative one: Negotiated a fixed construction fee to build a certain small structure on my plot. Fundi gives list of materials and labour at a very reasonable price. I buy materials by myself, transport to site and fundi dons his overalls and starts work furiously saying it will be over by sundown.
So after hanging around bored past noontime and seeing the work progressing well, I decide this guy and his KYM crew are trustworthy so let me leave them to finish while I go inspect a different site. Wapi? By 6pm the fundi calls and says the work is "almost done" but they will need to come the next day "kumalizia." The next day very early in the morning he calls with a shocking new list of things that need to be done for the structure to be complete.
Mara waterproofing, mara more mchanga, mara one more pack of simiti. Of course I say a big strong no. I then go on ground thinking since the job is almost complete will just get another fundi to finish at a small price. I almost collapse when I find the progress on the structure is hapo hapo where I left it. Apparently they had disappeared like the wind as soon as I left the previous day. Next time I will not make the mistake of leaving site until everything is done, even if it means bring a mattress and a good book plus snacks to spend the whole day there. That's how even major contractors operate. Bid low, get the job then shift the goal posts, get paid more. Gov't has been the biggest victim of such games.
|
|
|
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
|
MugundaMan wrote:What about scams by fundis?(I call them vultures) They are too many to count and I am always learning new ones. Juzi I learned of a very creative one: Negotiated a fixed construction fee to build a certain small structure on my plot. Fundi gives list of materials and labour at a very reasonable price. I buy materials by myself, transport to site and fundi dons his overalls and starts work furiously saying it will be over by sundown.
So after hanging around bored past noontime and seeing the work progressing well, I decide this guy and his KYM crew are trustworthy so let me leave them to finish while I go inspect a different site. Wapi? By 6pm the fundi calls and says the work is "almost done" but they will need to come the next day "kumalizia." The next day very early in the morning he calls with a shocking new list of things that need to be done for the structure to be complete.
Mara waterproofing, mara more mchanga, mara one more pack of simiti. Of course I say a big strong no. I then go on ground thinking since the job is almost complete will just get another fundi to finish at a small price. I almost collapse when I find the progress on the structure is hapo hapo where I left it. Apparently they had disappeared like the wind as soon as I left the previous day. Next time I will not make the mistake of leaving site until everything is done, even if it means bring a mattress and a good book plus snacks to spend the whole day there. I am curious what is this being built in a day requiring all these materials? For investors as a whole, returns decrease as motion increases ~ WB
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,936
|
winmak wrote:MugundaMan wrote:What about scams by fundis?(I call them vultures) They are too many to count and I am always learning new ones. Juzi I learned of a very creative one: Negotiated a fixed construction fee to build a certain small structure on my plot. Fundi gives list of materials and labour at a very reasonable price. I buy materials by myself, transport to site and fundi dons his overalls and starts work furiously saying it will be over by sundown.
So after hanging around bored past noontime and seeing the work progressing well, I decide this guy and his KYM crew are trustworthy so let me leave them to finish while I go inspect a different site. Wapi? By 6pm the fundi calls and says the work is "almost done" but they will need to come the next day "kumalizia." The next day very early in the morning he calls with a shocking new list of things that need to be done for the structure to be complete.
Mara waterproofing, mara more mchanga, mara one more pack of simiti. Of course I say a big strong no. I then go on ground thinking since the job is almost complete will just get another fundi to finish at a small price. I almost collapse when I find the progress on the structure is hapo hapo where I left it. Apparently they had disappeared like the wind as soon as I left the previous day. Next time I will not make the mistake of leaving site until everything is done, even if it means bring a mattress and a good book plus snacks to spend the whole day there. I am curious what is this being built in a day requiring all these materials? And is he costing his time sleeping or reading the novel??? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
|
hardwood wrote:
That's how even major contractors operate. Bid low, get the job then shift the goal posts, get paid more. Gov't has been the biggest victim of such games.
Sad but true and I had already anticipated this, that is why I gave them what I thought was iron clad conditions; tell me exactly how much materials are needed and exactly how much the labour will cost and if you exceed it, shauri yenu. They agreed to these terms, but of course when they saw they were losing money they pulled the plug on the project. The other mistake I made was to pay them the remaining 50% balance before I left!
|
|
|
Wazua
»
Investor
»
Property
»
Real Estate in Kenya
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|