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Is Taking a Mortgage the WORST Decision Ever??
Rank: Elder Joined: 10/9/2008 Posts: 5,389
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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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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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jaggernaut wrote:radio wrote:
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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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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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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Rank: Veteran Joined: 11/9/2009 Posts: 2,003
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MaichBlack wrote:jaggernaut wrote:radio wrote:
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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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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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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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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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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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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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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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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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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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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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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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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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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Is Taking a Mortgage the WORST Decision Ever??
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