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shares or rental units
etela
#1 Posted : Thursday, April 09, 2009 1:31:00 PM
Rank: Member


Joined: 4/2/2009
Posts: 14
my friend just got an early send off of ksh 800,000. which is better? building 1 roomed houses on 1/8 plot in kitengela or buying shares? she still leaves in a rented house in eastlands and is not business minded. Though she has very marketable skills she fears employment may not be forthcoming in the present environment.


Speak faith,hope and belief.
McReggae
#2 Posted : Thursday, April 09, 2009 1:34:00 PM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Is that from zain???


Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
etela
#3 Posted : Thursday, April 09, 2009 1:40:00 PM
Rank: Member


Joined: 4/2/2009
Posts: 14
yeah


Speak faith,hope and belief.
PONDI
#4 Posted : Thursday, April 09, 2009 2:47:00 PM
Rank: Veteran


Joined: 5/8/2007
Posts: 885
etela...whats with the long stories?? just say 'i have 800k....need advice'....and you shall be adviced. if the plot is near an area with alot of construction work going on,advice her to put up mabati rooms. like 50,and dig 2 'drop toilets,and 4 shower rooms. then get a local agent,usually commission for rent collection for such units is around 10 to 15%.. rent can be about 1500 per room. hawezi kosa 50k net every end month. but its messy biz,not for the faint hearted. and the owners of adjacent plots will not be amused either. na watu wa mavoko council will need to be bought chai kidogo. good luck job hunting lakini

He who laughs last thinks slowest..
etela
#5 Posted : Friday, April 10, 2009 1:20:00 PM
Rank: Member


Joined: 4/2/2009
Posts: 14
2 votes.Thanx Pondi. though messy at least one could be more assured of stable income than investing in shares.

Speak faith,hope and belief.
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