Wazua
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Low End Housing: High Risk, High Return
Rank: Elder Joined: 6/23/2009 Posts: 14,303 Location: nairobi
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@wazua NEMA NCA fee scrapped in the budget. only for Sacco or everyone COOP, IMH, KEGN, KQ, MTNU
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Rank: Hello Joined: 6/10/2016 Posts: 1 Location: Manchester
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There is research on the most profitable type of real estate investing in terms of limited budget https://tranio.com/traniopedia/tips/high_yields_on_real_estate_where_to_find_them_and_what_to_know/. It says that a short-term rental property would make you a stable and high profit – about 5% yield. To minimise risk, you can use the services of professional management companies (this costs 20−25% of the total rental revenue), the expenses will be rewarded with higher occupancy rates. The best choice is one-bedroom apartment in the center of a big european city.
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Rank: Elder Joined: 6/23/2009 Posts: 14,303 Location: nairobi
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ChuckNorris wrote:There is research on the most profitable type of real estate investing in terms of limited budget https://tranio.com/traniopedia/tips/high_yields_on_real_estate_where_to_find_them_and_what_to_know/. It says that a short-term rental property would make you a stable and high profit – about 5% yield. To minimise risk, you can use the services of professional management companies (this costs 20−25% of the total rental revenue), the expenses will be rewarded with higher occupancy rates. The best choice is one-bedroom apartment in the center of a big european city. positive piece right there.. COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,303 Location: nairobi
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Rank: Hello Joined: 6/24/2016 Posts: 2
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Rank: Elder Joined: 6/23/2009 Posts: 14,303 Location: nairobi
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obiero wrote:@wazua NEMA NCA fee scrapped in the budget. only for Sacco or everyone These NEMA people are just the ones. I already paid them, EIA report done and all, but still they gather courage to write a long letter with the following words therein "DO NOT commence construction until we grant written authority.." COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,303 Location: nairobi
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Have had to forward these NEMA people to the ombudsman.. Even after being paid the 0.1% of total project cost they behave like true civil servants of yester-years; nonchalant!!! COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,303 Location: nairobi
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Rank: Elder Joined: 6/23/2009 Posts: 14,303 Location: nairobi
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It's official, smaller sized units rentals demand remains highest and most lucrative.. http://www.businessdaily...439032-6o05up/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 1/13/2012 Posts: 139
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Money from Kileleshwa or from Kawangware is the same. Met a guy with 500 single mabati units. The guy is a large tax payer. His units average 3k each. fanya hesabu, if the math makes sense it makes sense obiero wrote:Speculz wrote:popat wrote:Guyz while you are at this Mabati houses business,someone is giving me the idea leasing land in some of these slum like areas like Uthiru,Kangemi,Kawangware and putting up those single structures.Urguably the monthly rent payable to the land owner goes for like 50k p.m. for a 1/8 of an acre.So you lease for like 10 years.Do the structure and wait for the watejas.Am told that nowadays most of the structures coming up in these areas are done in such a manner since wenyeji hawauzi mashamba.Can someone tells us the possible pitfalls for such a venture.I can imagine considering the minimal cost of this investment you would be better off doing multiple units of such instead of the 5 storied stuctures anywhere in this Nairobi. Major pitfall - The non paying watejas . Keep in mind after the lease ,you leave the structures as is . shocked to see that someone is even thinking of such as an idea
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Low End Housing: High Risk, High Return
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