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Looking for property in slums.
Rank: Elder Joined: 6/21/2008 Posts: 2,490
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@mawinder – it is easier to create a new slum then own land in already established slums. Go to a place like Mlolongo and get some 5 acres and put up your slum there. If you don’t have enough capital to build the entire 5 acres lease out some parts of it. The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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mawinder wrote:Any wazuan who knows how I can own a plot in a slum?I hear the returns are enormous.Please share your insights.I am looking at Kawangware,Kayole,Kariobangi,Mukuru. Nikujipanga before upangwe .Kwani umetupwa, ongea na @Live blue. Peace be with you
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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@Mastermind,I want to provide housing to Nairobians and from the crowds that I see walking around General Motors in the morning,there is an opportunity.
@ZZE123,if I do the slums the returns are 150% p.a which beats formal housing and other conventional investments and no one will dare touch the houses in demolition as I will invoke powers from above.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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mawinder wrote:Binti wrote:Am also looking for land in the slum.Anyone with any info on how to go about it please advice.
your first post and you are looking to be a slum lord?Majority of wazuans reside in Runda,Lavington,Kileleshwa,Dubai,UK,Canada etc.  Na wewe ni wa wapi?
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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@mawinder, Rather than looking for one, just create it. Just look at conditions conducive to a slum environment, filth, lack of basic amenities, etc create such in any environment and hola u have ur own slum and u become the slum lord! "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Gathige wrote:@mawinder, Rather than looking for one, just create it. Just look at conditions conducive to a slum environment, filth, lack of basic amenities, etc create such in any environment and hola u have ur own slum and u become the slum lord! And give it a name like Mukuru kwa mawinder, kambi mawinder, kiamawida  All the best mate. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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mawinder wrote:jaggernaut wrote:mawinder wrote:Any wazuan who knows how I can own a plot in a slum?I hear the returns are enormous.Please share your insights.I am looking at Kawangware,Kayole,Kariobangi,Mukuru. Yes. You can use Ksh 1m to put up 50 mabati single rooms on 1/8th acre, which you can charge 2k per room to make 100k per month making a ROI of 120%. Compare that with apartments in kileleshwa that have a ROI of 6%. How do I go about getting the property because if I am lucky to own the plot for 10 years,I will have made handsome returns and the good thing is that the houses are always occupied!!!!! It's good to see the $s, the ROIs, etc. problem is how to actualize it.... ask the slumlords... that's where you'll find a guy only owns a matress and is a new tenant every end of month... so they'll come in, just before you knock on the door, the guy folds his matress and the last you see is his heels... illegal cartels too.... but anyway, good luck though. You might have a better strategy of collecting.... like weekly, may be.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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To create a slum, identify an empty piece of land, nevermind who the owner is. Start building. Recruit an enforcer gang to protect your investment and collect rent. Kwamawaider is born. Life is short. Live passionately.
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Rank: New-farer Joined: 4/11/2013 Posts: 18 Location: Nairobi
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 fmukiria wrote:Worrior, i know someone who is selling like 11 houses at around 1.5k.He charges 1700Ksh per month Expound on this! In God I trust...
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Rank: Member Joined: 3/26/2012 Posts: 280
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Mawinder, A better way is to shop for an 1/8th plot in the outskirts of Mulolongo, Kitengela, Kiserian going for say 450,000.00 to 700,000.00. Spend another 700,000.00 (20*35,000.00) to put up 20 mabati houses (plot size is 50*100ft. Tu rooms are 10*10). Total spend 1.3m - 1.4m. Income 20*1,800.00=36,000.00 less expenses may be 30K. For 1.4m, 30k return is not bad. Rent for a 2 bed house at Nyayo Embakasi is going for 30K but it costs 6.5m to buy. Return is about 26% pa. The beauty is that the land is yours, you have a title and it will keep on appreciating. DOH
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