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Real Estate Investment strategy- Advice Needed
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eco
#11 Posted : Monday, August 27, 2012 5:50:48 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
Gatheuzi wrote:
@ Seles.. If you fear stocks then you are better off first getting what you can with the 7M. Don't think about leverage due to the limitations of mortgage and so go for strategy 1.


Ditto. All cash, book with 10 or 20 %, invest balance in MM and construction goes on. Once completed, pay and sell with capital gains, then flip. You will make more money than just renting for 13-25k in both options of Strategy I. Renting out is also ok for passive income but think about time to recoup your principal.
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keke2
#12 Posted : Monday, August 27, 2012 6:09:20 PM
Rank: New-farer

Joined: 5/31/2011
Posts: 89
I would say strategy 1 for I am allergic to leverages and its conditions.
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african coloner
#13 Posted : Monday, August 27, 2012 9:10:06 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
Seles83 wrote:
@Sarrouniya

Is there a better strategy? rather than above that does involve buying land and constructing myself..

And Yes some fortunate people are able to access those crazy lending facilities..


just buy a good plot where you can build rental flats, there are good reputable companies which can do a good job for you if not there though for a cost
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guru267
#14 Posted : Tuesday, August 28, 2012 2:34:24 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Seles83 wrote:
Thanks Kamundu...how would you go about it given ..7m with a target of creating >42k passive income.


My friend please avoid all the hustle and bustle of the rental market.. Its a waste of time and You will get a stroke for no reason..

Simply buy 275,000KCB shares or 17,500BAT shares..

On KCB you will earn 43k per month based on 2011 dividend and 60k per month based on 2012 dividend..

On BAT you will earn 44k per month based on 2011 dividend and 55k per month based on 2012 dividend..

Both returns are better than what you will ever find in the rental space!
There is no reason to get burnt in stocks especially if you treat them like rental units!
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Tuesday, August 28, 2012 2:35 AM | Reason: Not specified
Seles83
#15 Posted : Tuesday, August 28, 2012 3:48:49 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Thanks guys for the advice, i am not incline so much to go back to stock trading..made my millions and lost millions there...we had a bad breakup during GFC..

I like more the hybrid idea..Deposit,Money Market and Flip...
The Flipping bit is the part i am nervous about..whats is current house sale clearance rate?

Thanks guys for the good ideas and out the box thinking..

How about Suraya as a company? Are they reliable and do you do a good job in final interior finishes..
More monies, more problems...
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marketHEAD
#16 Posted : Tuesday, August 28, 2012 4:42:05 PM
Rank: New-farer

Joined: 1/26/2010
Posts: 35
Location: nairobi
I have visited suraya in kiambu road, the interior is not the best, the kahouse was abit small selling at 11m...anyway they sell houses
Success is 20 percent skills and 80 percent strategy.
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african coloner
#17 Posted : Tuesday, August 28, 2012 6:39:12 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
marketHEAD wrote:
I have visited suraya in kiambu road, the interior is not the best, the kahouse was abit small selling at 11m...anyway they sell houses



do you any plots forsale near suraya?
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brasili
#18 Posted : Wednesday, August 29, 2012 2:10:39 AM
Rank: Hello

Joined: 8/29/2012
Posts: 1
I have a real estate development proposal for you. I have land for development in Ruaka and looking for partners to develop apartments (maximum 5 partners)depending on their investment. The current rate for a 2 bedroom apartment is on average 6.5m and a 3bed 7.5m. The rent per month is between kshs 20,00-30,0000. Ruaka is located on Limuru Road approx. 3km after Runda Estate gate.
There is High demand for rental residential space.
Close proximity to Gigiri UN- complex.(Mins)
Close proximity to The Village Market( 5mins), Parklands and
Westlands(10mins).
Near proposed centum investments runda close burn (2 mins)
Near proposed Agha khan university (2 mins)
Quick access to Thika Road and JKIA Airport through the Eastern by- pass.(1min)
Drop me an email if interested at njororay72@yahoo.co.uk for more
details.
All deals will be done above board using your lawyers and my
lawyers
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Kausha
#19 Posted : Wednesday, August 29, 2012 10:40:08 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
You should have bought the FXD 1/2012/10 in July at 14% yield or consolidated bond at 13.25%. In the first case you get 1,050,000 per annum before taxes which works out to 87,500 for the next 5 years. The money is religously paid into your account by CBK every 6 months. in 2-3 years time you have about 3m to buy a plot and start constructing slowly. In 10 years you have you 7.5m intact and you block of flats. You haven't risked much have you!
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Kausha
#20 Posted : Wednesday, August 29, 2012 10:43:29 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
sorry 87,500 gross income per month for the next 12 years. You could still be reinvesting your coupons as well which would give you additional cashflows to buy the land and shares. When you do come back you can sell the shares and build you flats. Remember the only price you need to lock is that of land. Building materials have a more transparent market compared to land and prices don't rise without a plan.
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