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Is Taking a Mortgage the WORST Decision Ever??

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jaggernaut		#241 Posted : Wednesday, May 14, 2014 6:27:16 PM
Rank: Elder Joined: 10/9/2008 Posts: 5,389		premio wrote: Phenom estate 4bedroom massionnettes was 14m in 2012 today 22m even if u took a mortgage at that time assuming uve paid only 1m u can sell at 22m make a clean 9000000kes and buy a similar house on msa road or build your own mansion on a 3m prime plot Can you sell a house which you are still servicing a mortgage?
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MaichBlack		#242 Posted : Wednesday, May 14, 2014 6:32:00 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,910		jaggernaut wrote: radio wrote: MaichBlack wrote: mawinder wrote: MaichBlack wrote: @jawgey - Check your mail. Me too. ellyodhong@gmail.com Check mail. Boss, before yoy leave, drop me the contacts at radio.icloud@gmail Asante! Hata mimi jnaut at ymail dot com Sent 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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Angelica _ann		#243 Posted : Wednesday, May 14, 2014 6:34:22 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		jaggernaut wrote: premio wrote: Phenom estate 4bedroom massionnettes was 14m in 2012 today 22m even if u took a mortgage at that time assuming uve paid only 1m u can sell at 22m make a clean 9000000kes and buy a similar house on msa road or build your own mansion on a 3m prime plot Can you sell a house which you are still servicing a mortgage? YES! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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radio		#244 Posted : Wednesday, May 14, 2014 6:43:00 PM
Rank: Veteran Joined: 11/9/2009 Posts: 2,003		MaichBlack wrote: jaggernaut wrote: radio wrote: MaichBlack wrote: mawinder wrote: MaichBlack wrote: @jawgey - Check your mail. Me too. ellyodhong@gmail.com Check mail. Boss, before yoy leave, drop me the contacts at radio.icloud@gmail Asante! Hata mimi jnaut at ymail dot com Sent Received! Thanks.
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jaggernaut		#245 Posted : Wednesday, May 14, 2014 8:45:02 PM
Rank: Elder Joined: 10/9/2008 Posts: 5,389		Angelica _ann wrote: jaggernaut wrote: premio wrote: Phenom estate 4bedroom massionnettes was 14m in 2012 today 22m even if u took a mortgage at that time assuming uve paid only 1m u can sell at 22m make a clean 9000000kes and buy a similar house on msa road or build your own mansion on a 3m prime plot Can you sell a house which you are still servicing a mortgage? YES! Are you serious? I've always thought that the bank holds the title of the property until you clear the mortgage.
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mawinder		#246 Posted : Thursday, May 15, 2014 7:49:06 AM
Rank: Elder Joined: 4/30/2008 Posts: 6,029		jaggernaut wrote: Angelica _ann wrote: jaggernaut wrote: premio wrote: Phenom estate 4bedroom massionnettes was 14m in 2012 today 22m even if u took a mortgage at that time assuming uve paid only 1m u can sell at 22m make a clean 9000000kes and buy a similar house on msa road or build your own mansion on a 3m prime plot Can you sell a house which you are still servicing a mortgage? YES! Are you serious? I've always thought that the bank holds the title of the property until you clear the mortgage. YES.The new buyer prepares 2 cheques,one to offset the mortgage and the other for the purported owner.
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kollabo		#247 Posted : Thursday, May 15, 2014 12:10:47 PM
Rank: Veteran Joined: 2/3/2012 Posts: 1,317		mawinder wrote: premio wrote: Phenom estate 4bedroom massionnettes was 14m in 2012 today 22m even if u took a mortgage at that time assuming uve paid only 1m u can sell at 22m make a clean 9000000kes and buy a similar house on msa road or build your own mansion on a 3m prime plot You mean the Phenom next to Carnivore the houses there go for 22m?The buyers must be financially illiterate to buy at that price Phenom Estate anyone paying more than 15m is throwing money. Link
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a4architect.com		#248 Posted : Thursday, May 15, 2014 12:30:51 PM
Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi		proximity to the southern bypass gives these houses a commercial income/office/shop potential in future. As Iron Sharpens Iron, So one Man Sharpens Another.
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MaichBlack		#249 Posted : Tuesday, June 10, 2014 2:17:45 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,910		Twenty Years a Slave! 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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KulaRaha		#250 Posted : Tuesday, June 10, 2014 2:27:05 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Athi View were selling at 9.95M off plan last year in August. They wanted a down payment of 2M and you can book your house. They have since started work, and even gone to the extent of tarmacing the road from Mombasa Road. Now remaining units are selling at 12.5M. Thats a 25.5% return in less than a year. Watch that space. http://www.athiview.com/ Business opportunities are like buses,there's always another one coming
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