Where Can we get a rental flats for ksh1.2 Million??? - Stocks - Wazua

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Where Can we get a rental flats for ksh1.2 Million???

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jonminah		#1 Posted : Monday, August 10, 2009 5:39:00 AM
Rank: Member Joined: 7/14/2009 Posts: 19		We are considering buying a rental flats (already generating income of about 30k to 50k per month). We plan to spend 1M to 1.2M for the investment. Pliz help us out! Its a family investment! Progress is a slow process
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Njunge		#2 Posted : Monday, August 10, 2009 6:29:00 AM
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi		Property worth 1M to 1.2M to give you 50K to 100K per month???.......You will be a damn luck dude...!! Old man about town.... Nothing great was ever achieved without enthusiasm.
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Fundaah		#3 Posted : Monday, August 10, 2009 6:36:00 AM
Rank: Elder Joined: 11/19/2008 Posts: 1,267		1.2m ?......where is it ?..... Rules of the game here: Before you post anything think.give facts only..It's a serious blog for serious people....Do not insult your brother....respect one another...Just be good.... It's good to live a honest life....life without guilt.... Jeremiah 17:11 As a partridge that hatches eggs which it has not laid,So is he who makes a fortune,but unjustly; In the midst of his days it will forsake him,And in the end he will be a fool.' From the SK Anti-hate/anti- corruption campaigner.. Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
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Pablo		#4 Posted : Monday, August 10, 2009 6:45:00 AM
Rank: Member Joined: 3/17/2008 Posts: 567 Location: Nairobi		Even me,I want. Want to be a millionaire.... plant a million cabbages and sell them at a bob...
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Bobb		#5 Posted : Monday, August 10, 2009 7:01:00 AM
Rank: Member Joined: 9/25/2008 Posts: 52		Kindly not in this Nairobi. Even a single unit to give you rental income of 15k to 20k you cant get. Take an example of 2br house in Umoja,Outering,Kimathi etc are now going for above 3million. The rental for these units are maximum 20k per month. Sorry. BOBB
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MaichBlack		#6 Posted : Monday, August 10, 2009 7:23:00 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,845		@ jonminah - Please just end your such or drastically revise your expected income and/or amount of money you are willing to invest. Invest 1.2M and get rental income of 100K per month - i.e. 1.2M per year!!! That is absolutely impossible not only in kenya but the world over. I have never heard of anywhere in the world where one recoups the cost of a rental building in one year. Even Donald Trump can't pull that off! In the slums maybe but in real sense that is not sound investment because you don't even own the land you are building in in the first place! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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simonkabz		#7 Posted : Monday, August 10, 2009 8:01:00 AM
Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon		Go to shagz towns. Buy land n build single units n rent out. Assuming land goes for 500k,n av. cost per unit 80k,u can put up 10 units which can fetch u 10-15k,n appreciate in value. Dnt give up,bt sahau 50k rent till the year 2130. Go 4 it. The only reason why some people are still alive is coz its illegal to shoot them!! TULIA.........UFUNZWE!
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leona		#8 Posted : Monday, August 10, 2009 8:49:00 AM
Rank: Elder Joined: 8/1/2008 Posts: 1,432 Location: Marsabit		Even me i want...50-100k? You can get a 1.2M rental flat in Dandora(of course at the base of the estate where crime is the order of the day)..but your returns are kinda farfetched...the houses/rooms go for between 1k-2k pm..and you'll have about 6 or 7 rooms in your flat/plot..do the math(you'll also pay Elec and water for your tenants)!! For your budget,go to 'shagz' towns.. Advice is what we ask for when we already know the answer but wish we didn't.. Nevermind what haters say, ignore them til they fade away - Just live your life
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stonemimi		#9 Posted : Monday, August 10, 2009 9:01:00 AM
Rank: Member Joined: 5/16/2009 Posts: 145		RENTAL FLATS at 1 m??? 2br aprtment at high rise will cost to 2m rental income of 15k per month. if you are looking at a rental income of 100k,be prepared to invest atleast 10m.
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mukiha		#10 Posted : Monday, August 10, 2009 10:37:00 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		@jonminah; 150 is the magic number that you should always keep in mind......the monthly rent you can get for a house is approx 150 times its market value. If you aim to get between 30k and 50k pm,then the house will cost you between 4.5m to 7.5m respectively. If you only have 1.0m to 1.2m,then expect to get rent of between sh6,600 and sh8,000 pm in rent. Case in point: my house cost me about 4m over the last six years. I can get minimum 27k rent on it...but the average in the area is 30k pm. Since I've kept it well I know can easily get 35k....and if you want to buy it,I will not sell for less than 5m!! Still,don't lose hope; with 1m,you can easily get 50k rent in the slums!!! Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) 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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