With your fogothary apartments, lets say you go to a bank, the best they can do is 5 million. THE BEST. So what exactly are you doing?
Afadhali uweke base ya keg na brothel kama calabash than renting
Hakuna mtu hujenga rentals na savings fala hii, especially in Nairobi. Labda huko ushago ama in the outskirts kama juja na thika. That should tell u something, apartments zinakuaga za kuficha pesa kama hujawahi jua. Not an ROI vehicle, and the land is usually held in a family trust or LLC. They can even remain unoccupied for years but hata rent hawatapunguza, visit kileleshwa, msa road and kilimani ujionee.
what’s the use of a family trust in kenya. We don’t have inheritance tax. People just do that to copy wazungus
When u steal money from the government and buy land using your own name, what do u think will happen investigation ikianza?
It doesn’t matter. Your name appears in the trail somewhere. If the government wanted to recover all stolen funds they would but the “government” are the thieves themselves
You expect ROI of 10% every year for such an investment to make sense??? Kenyans mnapenda QUICK money sana. Fucking idiots.
Germany/UK/Australia/USA rental returns are mostly 5% na ikienda sana 7-8%. Who created the expectation of outrageous ROI on real estate in Kenya? You have zero clue.
The only problem I have with rentals in Kenya is that unlike in the west, most of the apartment blocks are informal and don’t adhere to construction standards so they NEVER appreciate in value. This is majorly because Kenya is a lawless country.
You’re correct that in Kenya, building flats is a stupid investment BUT NOT BECAUSE the returns are low (10% IS AMAZING ROI….much better than in most parts of the world).
One thing though is that you deal with the cards you’re dealt with. If you were born in Kenya and live there, rental apartments are a good investment because of the cash flow, ability to access leverage (maybe not 10M but a few millions), and general stability especially in the lower income segment. However, don’t for a second think that your 30M apartment block will appreciate in value in a shithole like Kenya. It won’t!!! However, it will hold its value and the cash flow will be very stable.
In other news, please tell us what you would do with 20M.
BuY a 15yr infrastructure bond with 14%p.a interest, this gives you around 230k per month or 1.3M coupon after 6 months. This is 15yr investment and after the period get your full 20M
Then utumie io 230k per month kujenga rentals, sio?
Very nice and tell them that you can obtain loans and very quickly for that matter, with the bond certificate
