Other than building low cost housing units for rent, how else could you make money in real estate?
REIT
Low entry barrier
Less stress
Competitive returns
Huku sio majuu. There are very few REITs in KE. Isipokuwa ile Fahari which other listed REIT do you know??
Sema kimenyi, ameuliza na nikamjibu.
Stanlib
ICEA
…
Endelea na list. How many others ghasia?? Na hiyo Stanlib ndio Fahari
Sawa Kimenyi.
Kirimu
Target the low income earners areas and build multiple mabati houses. Kama zile ambapo akina @uwesmake na @digi huwa wanakaa
property management, take 8-10% of the rent
Hapa ndio kuna ROI mzuri, Low input High returns. Then you reinvest the rental income to diversify and the cycle continues.
Exactly
Some people rent out their apartments monthly and get a small but stable income. But it seems that this is not a good way to earn money because to recoup the cost of the apartment, you need more than 10 years. Moreover, you have to constantly fix the breakdowns in the house. I make my money from building houses. Whenever I am going to build a new house, I always check the cost of construction here boutiquehomeplans.com, and for a good reason. Knowing how much money I will spend, I can calculate how long it takes to pay off.
I’ll tell you what worked for me. The essence of this method of making money is to find and buy back at a great discount whose owners have brought them to a critical condition, or housing that has survived a fire and other emergencies. Having invested in the repair of such real estate, it can later be sold at a very decent markup. On any emerging issues of purchase and sale of such real estate, you can consult with a real estate attorney. There are enough ways to make money on real estate, but this is one of the most effective.