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mapozi
#1 Posted : Thursday, July 14, 2011 10:58:03 AM
Rank: Member

Joined: 4/21/2011
Posts: 119
Dear Wazuans,

Is there any ceiling to how much rent a shrewd investor should pay?
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Gordon Gekko
#2 Posted : Thursday, July 14, 2011 11:27:11 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
For your humble abode or for your office or for your mpango?
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Impunity
#3 Posted : Thursday, July 14, 2011 11:30:22 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
mapozi wrote:
Dear Wazuans,

Is there any ceiling to how much rent a shrewd investor should pay?


Business rent or residentio?
smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mapozi
#4 Posted : Thursday, July 14, 2011 11:34:10 AM
Rank: Member

Joined: 4/21/2011
Posts: 119
Gordon Gekko wrote:
For your humble abode or for your office or for your mpango?


My own home.
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Gordon Gekko
#5 Posted : Thursday, July 14, 2011 12:12:50 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
mapozi wrote:
Gordon Gekko wrote:
For your humble abode or for your office or for your mpango?


My own home.

Good.

Next question. Are you http://www.wazua.co.ke/f...aspx?g=posts&t=13720
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Barrywhite
#6 Posted : Thursday, July 14, 2011 12:21:43 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi
Of course the lower your rent the better for you; any day! As a rule however, if you are paying more than 20% of your net on rent, you are sacrificing your future. Once read this in some HABITAT journal that l cant trace immediately. Unfortunately, most of us contravene this ...... by varying degrees
The laudable is more often than not rendered laughable by overclaim
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mapozi
#7 Posted : Thursday, July 14, 2011 12:26:29 PM
Rank: Member

Joined: 4/21/2011
Posts: 119
Gordon Gekko wrote:
mapozi wrote:
[quote=Gordon Gekko]For your humble abode or for your office or for your mpango?


My own home.

Good.

Next question. Are you http://www.wazua.co.ke/f...spx?g=posts&t=13720[/quote]

No
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mukiha
#8 Posted : Thursday, July 14, 2011 2:12:19 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Barrywhite wrote:
Of course the lower your rent the better for you; any day! As a rule however, if you are paying more than 20% of your net on rent, you are sacrificing your future. Once read this in some HABITAT journal that l cant trace immediately. Unfortunately, most of us contravene this ...... by varying degrees


...and I read that if you are spending more than 40% of your income on rent, then you are technically homeless!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Tebes
#9 Posted : Thursday, July 14, 2011 2:39:13 PM
Rank: Elder

Joined: 11/26/2008
Posts: 2,097
mukiha wrote:
Barrywhite wrote:
Of course the lower your rent the better for you; any day! As a rule however, if you are paying more than 20% of your net on rent, you are sacrificing your future. Once read this in some HABITAT journal that l cant trace immediately. Unfortunately, most of us contravene this ...... by varying degrees


...and I read that if you are spending more than 40% of your income on rent, then you are technically homeless!



@Mukiha
How did you deal with the tenant finally?

http://wazua.co.ke/forum...px?g=posts&m=146770

d'oh!
"Never regret, if its good, its wonderful. If its bad, its experience."
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SAC Cohen
#10 Posted : Thursday, July 14, 2011 3:02:21 PM
Rank: Member

Joined: 1/3/2011
Posts: 129
Location: Nairobi
Barrywhite wrote:
Of course the lower your rent the better for you; any day! As a rule however, if you are paying more than 20% of your net on rent, you are sacrificing your future. Once read this in some HABITAT journal that l cant trace immediately. Unfortunately, most of us contravene this ...... by varying degrees


Does this apply to 2-income household? i.e hus+wife...
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