Wadau. How do you go about leasing a vacant 50x100 plot in Utawala?
Am willing to buy.
Following. I have 3 I would also like to lease. 2 have foundation imeanzishwa.
I know of one who has leased for 10 years pare Kamakis @180k per month. He then sublets 4 butcheries @15k each/month and a front bar @30k/month. The rest of the space he has his very busy bar.
iko utawala wapi?
Interested in buying Lakini na installments. Let’s just say we’re brothers and we can reach a deal
Githunguri
I prefer leasing
Leased plot na foundation itasaidiaje? I leased mine(open ground) to a kindergarten next to the mburoti 8 yrs ago. They use it as a playground. Every December i have a windfall.
why did he make such a stupid move?
180k monthly, for 12 months is about 2.1 million
In 5 years, he could be the owner
i was having that debate in my head
4 butcheries and a bar. seems like a large piece of land. Likely touching the highway, in a very very busy drinking spot.
Only a very foolish landlord would sell that for 10 million.
If you’re lucky to even find a willing seller, I would say that’s 30 million going up.
this is where cash flow vs asset argument comes in.
the guy contributes 90k of his own money (coz 4 butcheries * 15k + 1 bar = 90k)
if his bar is as busy as the lady says, hio 90k atapata na one weekend. the rest of the money, pay bills & invest elsewhere.
very sharp guy imo.
plus hapo land ni very expensive. see>
This thread is confused. Are you leasing out and collecting rent or are you the one paying the rent?
Utawala? Not impressed at all