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What to do with 2.4M
hamburglar
#21 Posted : Friday, July 31, 2015 12:02:03 PM
Rank: Member

Joined: 12/17/2011
Posts: 887
Tnai. I have a rather radical idea if you would be open minded enough to try it out. 2.4 million can actually fetch you some good ROI if you are willing to get your hands a little dirty.

Anyway, you could take about 1 million and buy a ka one eigth plot huko Embakasi. A little interior though. Then construct like 20 wooden shacks on the land. You can have about 6 shacks per row with 3 or so communal bathrooms and toilets. The cost to put up a shack will be about 40k each. Then rent them out for about 2k each. That will consume another 800k which leaves you with 600k.

With that amount, look for a broker and offer them 20k to find you a nice small space in the CBD where you can set up an Mpesa shop for about 400k goodwill. Try to find a location with good traffic. Then use the remaining 180k for your Mpesa float and trade licenses. Employ a girl from your shags to run the shop. Make sure you know her follks for security purposes. Plus employing a girl from shags is safer because it will take her a while to shanoka once she gets to the big bad city in the sun, so your money will be relatively safe for a while. Pay her 8k per month and rent of about 20k. An Mpesa shop in a good location in town will give you a gross amount of at least 50k per month.

Thats about 60k or so per month off of 2.4 million initial investment. Not too shabby if you ask me.

You might be labelled a slumlord but your money will still be good at the Village market, Westgate, Lavington Mall etc. I hope you are catching my drift. It doesn't matter where you make your money at, as long as you can spend it anywhere you please.
tnai9
#22 Posted : Tuesday, August 04, 2015 8:57:21 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
hamburglar wrote:
Tnai. I have a rather radical idea if you would be open minded enough to try it out. 2.4 million can actually fetch you some good ROI if you are willing to get your hands a little dirty.

Anyway, you could take about 1 million and buy a ka one eigth plot huko Embakasi. A little interior though. Then construct like 20 wooden shacks on the land. You can have about 6 shacks per row with 3 or so communal bathrooms and toilets. The cost to put up a shack will be about 40k each. Then rent them out for about 2k each. That will consume another 800k which leaves you with 600k.

With that amount, look for a broker and offer them 20k to find you a nice small space in the CBD where you can set up an Mpesa shop for about 400k goodwill. Try to find a location with good traffic. Then use the remaining 180k for your Mpesa float and trade licenses. Employ a girl from your shags to run the shop. Make sure you know her follks for security purposes. Plus employing a girl from shags is safer because it will take her a while to shanoka once she gets to the big bad city in the sun, so your money will be relatively safe for a while. Pay her 8k per month and rent of about 20k. An Mpesa shop in a good location in town will give you a gross amount of at least 50k per month.

Thats about 60k or so per month off of 2.4 million initial investment. Not too shabby if you ask me.

You might be labelled a slumlord but your money will still be good at the Village market, Westgate, Lavington Mall etc. I hope you are catching my drift. It doesn't matter where you make your money at, as long as you can spend it anywhere you please.


Thanks sana for this advice. When I was looking for the plot you cant believe somebody else told me an almost similar thing, an older cop, who is based there. I already committed 1.5M and have 1M that I would like to use to get a plot that I may do exactly what you said. Ill share experiences if i go this route.
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
tnai9
#23 Posted : Thursday, August 13, 2015 4:31:04 PM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
premio wrote:

Thanks T9 MY experience with cars car imports spans 12years its never gotten worse since 2003 when i imported the first car. It takes a while to bUILD contacts and trust but the time is now to start. I easily sell cars through my trusted line of refferals without seeking new business. Unfortunately mine comes with consultation fees just like when u visit the experienced dentist or cardiologist but its very good bussiness when u get aligned well.


Hey @Premio,

When can we have an appointment? Kindly get in touch with me at sam dot oti83 at gmail dot com so that we can plan a meeting soonest possible
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
Chaka
#24 Posted : Thursday, August 13, 2015 5:11:48 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
@Premio,
How much is the consultation fee?
premio
#25 Posted : Thursday, August 13, 2015 9:49:08 PM
Rank: Member

Joined: 5/31/2009
Posts: 226
Sent
young farmer
#26 Posted : Thursday, August 13, 2015 10:24:42 PM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
premio wrote:
Sent


@premio inbox me at joncheg@yahoo.com i am also interested in importing business. Thank you
UpcomingPaperChaser
#27 Posted : Monday, November 30, 2015 9:36:42 PM
Rank: Member

Joined: 1/20/2015
Posts: 489
Location: Nairobi
hamburglar wrote:
Employ a girl from your shags to run the shop. Make sure you know her follks for security purposes. Plus employing a girl from shags is safer because it will take her a while to shanoka once she gets to the big bad city in the sun, so your money will be relatively safe for a while. Pay her 8k per month and rent of about 20k.


its unethical and morally unacceptable!!
Enjoy every moment of your life, you never know when your time will come.
hamburglar
#28 Posted : Wednesday, December 09, 2015 1:29:03 PM
Rank: Member

Joined: 12/17/2011
Posts: 887
UpcomingPaperChaser wrote:
hamburglar wrote:
Employ a girl from your shags to run the shop. Make sure you know her follks for security purposes. Plus employing a girl from shags is safer because it will take her a while to shanoka once she gets to the big bad city in the sun, so your money will be relatively safe for a while. Pay her 8k per month and rent of about 20k.


its unethical and morally unacceptable!!


Lol. How naive. I can tell you are a young dude that knows little about salries in this Nairobi. This is good pay, you will actually be shocked to know how much people make in these kinds of employment. Unbelievable as it sounds, 8k might even be on the higher side, some people pay around 6k. Unethical or not, it's the reality on the ground. I don't make the rules.
tnai9
#29 Posted : Monday, December 28, 2015 10:40:56 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
I promised to report back.
in the last 4.5mo months, I have managed to grow my 2.4M to 2.85M, have sold 4 cars after advice from a close friend who had like 1 yr experience. I been kinda stingy on myself but I plan to still get professional advice from @Premio but its a business I would like to continue doing,.
The new taxes have destabilized the business a bit but I wont give up. I was lucky a few times, there is one car that was bought 1 day after landing, another 2 - after a two weeks and one after two months.
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
Mukiri
#30 Posted : Monday, December 28, 2015 11:36:05 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
tnai9 wrote:
I promised to report back.
in the last 4.5mo months, I have managed to grow my 2.4M to 2.85M, have sold 4 cars after advice from a close friend who had like 1 yr experience. I been kinda stingy on myself but I plan to still get professional advice from @Premio but its a business I would like to continue doing,.
The new taxes have destabilized the business a bit but I wont give up. I was lucky a few times, there is one car that was bought 1 day after landing, another 2 - after a two weeks and one after two months.

Interesting. Is the car business that lucrative? With all these full car yards, and people reselling their cars?

Where exactly do you buy these cars? ie Acount with which firm? And where do you sell them? Show ground?

Proverbs 19:21
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