Wazua
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Looking for property in slums.
Rank: Elder Joined: 4/30/2008 Posts: 6,029
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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.
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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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. 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%.
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Rank: New-farer Joined: 2/15/2012 Posts: 29 Location: unimportant
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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%.  The Emotional Dog and Its Rational Tail
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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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!!!!!
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Rank: New-farer Joined: 4/11/2013 Posts: 18 Location: Nairobi
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Am also looking for land in the slum.Anyone with any info on how to go about it please advice. In God I trust...
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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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.
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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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.  Most dont have titles but are local arrangements with the chief, citycouncil or local kamjesh for a start identify the area then approach the above I may be wrong..but then I could be right
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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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!!!!! I read such a story in one of the newspapers. However, there was an inferred caveat. You have to live there and look and act like a kawa slum dweller. At least that's what one of the slumlords seemed to be saying. His returns were really great. Mawinder, uko tayari? The harder you work, the luckier you get
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Rank: Hello Joined: 4/11/2013 Posts: 1
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Worrior, i know someone who is selling like 11 houses at around 1.5k.He charges 1700Ksh per month
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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I thought we are looking for ways to reduce slums instead of increasing them. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Looking for property in slums.
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