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is it worth investing on rental flats?
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Lolest!
#31 Posted : Tuesday, August 23, 2011 8:12:48 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
If I had 10m, Id go into real estate. The opponents of real estate investment are assuming rents remain static which is not the case!
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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kaifastus
#32 Posted : Tuesday, August 23, 2011 9:25:29 PM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
cde am tryng to see ua point of view..someone who has made money frm other income streams stocks forex etc. you will ultimately need to put some of your funds in real estate. i know you will.
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Cde Monomotapa
#33 Posted : Tuesday, August 23, 2011 9:48:54 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Apart from the family home and a block of something to keep the wife distracted...all other capital will be in superior businesses coz that is what I see not stocks. stocks are a representation of underlying junk or precious metals.
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Cde Monomotapa
#34 Posted : Tuesday, August 23, 2011 10:02:14 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Nevertheless, I found a way of participating in the best of both worlds and from the bottom of both markets by buying into a listed property company called Pearl Properties smile www.pearlproperties.co.zw the company has portfolio to reckon from CBD Buildings, Office Parks, Industrial Warehouses, Malls and un-developed land Laughing out loudly pays a good dividend too
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Cde Monomotapa
#35 Posted : Tuesday, August 23, 2011 10:04:10 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Nevertheless, I found a way of participating in the best of both worlds and from the bottom of both markets by buying into a listed property company called Pearl Properties smile www.pearlproperties.co.zw the company has portfolio to reckon from CBD Buildings, Office Parks, Industrial Warehouses, Malls and un-developed land Laughing out loudly pays a good dividend too

In USD btw..but do I say...yawa Laughing out loudly Laughing out loudly
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Cde Monomotapa
#36 Posted : Tuesday, August 23, 2011 10:08:17 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Got those and more for dirt cheap during Zim Dollar era, btwn 06 & 09 whereafter the USD became the official currency in Zim ;-) patience pay$
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Cde Monomotapa
#37 Posted : Tuesday, August 23, 2011 10:18:44 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aiming to replicate the Zim strategy in the 8th out of 10th year (80%) of the US & Euro Zone reccessions. In the meantime I expect to ride the growth curve that Sub-Saharan Africa has to offer.
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jaykay
#38 Posted : Tuesday, August 23, 2011 10:41:39 PM
Rank: Member

Joined: 4/6/2009
Posts: 78
@Pablo"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.
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The house in question is now Ksh 11-12MN and the rent is Ksh 50k-55K.( a sign of how agents inflate asking prices)YES, real estate is a good investment but the PRICE is important.Buy at the WRONG price and you'll take decades to recover.If you had put 7MN in ARM in 2004 you would have at least KSH 28MN.
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Cde Monomotapa
#39 Posted : Tuesday, August 23, 2011 11:14:01 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Just to comment on the liquidity squeeze in Kenya. I wouldn't read too much into it bcoz post 09 the Zim banks have operated without even a lender of last resort simply bcoz the governor can't print forex and exports and domestic demand/econ.activity are just but recovering. Have the banks made money? YES! Even when lending out 365 day loans at 30-40% interest smile one of the banks I have reported a 231% increase in interest income for H1 and made a net profit of $2.3M. Kenya has a lot more working now than Zim who are just in year 2 of post-recession. So I wouldn't be too overly concerned about their earnings.
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Cde Monomotapa
#40 Posted : Tuesday, August 23, 2011 11:23:31 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
That bank is called Kingdom Bank. www.kingdom.co.zw
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