Real Estate (Land)

[Azor_Ahai]

@Sambamba

In all honesty, you don’t sound like someone who is a landlord in Ruaka. Shosh the small bits you share lazima kuwe na complaints za small bills that are honestly inconsequential to a majority of landlords.

She is a rich spoilt brat sent by her filthy rich parents to study in the UK.

[Azor_Ahai]

@Kodiaga

Sasa nikijenga nyumba WEST POKOT itanisaidiaje

West Pokot ina county HQ. That is the node you should focus on kama kwenyu ni West Pokot. A lot of money will flow in the real estate sector around that county HQ. Several billions every year.

[Private_developer1]

Nairobi kuna high demand so uko sure utapata returns zako

[Azor_Ahai]

@Private developer

Nairobi kuna high demand so uko sure utapata returns zako

Demand is relative depending on the market segment. Kama huamini enda Hurlingham ama Kile uone the vacancy rates vile ziko high. Pia ukijenga two bedroom ama one bedrooms kwa county HQs you may experience the same problem. Vacancy rates hudepend na market segment. Hata Nairobi kuna high vacancy rate kwa high end apartments. You must know your market regardless of where you intend to invest. Ukijengea watu wa huko reserve three ama two bedrooms you will have the same problem with hao developers wa Kile na Lavington. Each location has its sweet spot.

[tombayeye]

@Azor Ahai

Mimi naona ni wiser kuishi Nairobi but kuinvest kwa counties. Particularly if unajijenga. Ukiamua kujenga Nairobi na 20-30 million utakuwa slumlord with very unreliable tenants and low return on your investment. That same money will build a decent structure in a rural town with big upside (county HQ), and get better tenants (mostly young professionals). As for kuishi, kuishi nje ya Nairobi is a very bad idea. Ishi Nairobi, invest counties. Ukienda B-Club barman hatakuuliza kama pesa yako ulitoa Ruaka ama Reserve

The futher you are from nairobi the cheaper and more savings,

[Azor_Ahai]

@Tom Bayeye

The futher you are from nairobi the cheaper and more savings,

Ukiishi nje ya Nairobi (or a major town like Nakuru) utakuwa mjinga sana with time. I have interacted na watu wengi sana wa ocha and honestly, they aren’t the smartest people because of lack of exposure.

[system]

There’s an annoying guy on wazua who shoves plots of land in a place he nicknamed “Dust Bowl” down the throats of everybody. He is an insufferable guy.
I love land and I own a bunch of plots but I know they are not great investments.

[Bigfish1]

All these is our own doing, Kenyan style. Watu wakianza kuuza mawe, everyone wants to get in on it, same thing happened with land, there’s always demand, mostly from speculation. Around my kichaka, there are so many empty plots, I’m guessing the owners bought not knowing what to do with the land, now they’ve started doing rentals, while we fight them to leave the area residential…

[system]

@Azor Ahai

Wewe madam mapesa, not everyone is the grand-daughter of a Minister in the Moi Era or some senior chief. Sawasawa?? Some of us have to struggle from the womb to the tomb, and achieve everything on merit. By the way this thread is addressed to wenye wanajijenga. Wenye washajijenga ama washajengewa kama wewe can feel free to f**k off. Wewe ni dynasties mimi ni hustler, we will never reason at the same wavelength, but the end justifies the means.

My money is not from my lineage.

[system]

@Sambamba

In all honesty, you don’t sound like someone who is a landlord in Ruaka. Shosh the small bits you share lazima kuwe na complaints za small bills that are honestly inconsequential to a majority of landlords.

Ya IS okeei.

[system]

@Azor Ahai

She is a rich spoilt brat sent by her filthy rich parents to study in the UK.

But have invested heavily on my own. Nothing to do with my Dad.

[Cleopatra_VII]

@Azor Ahai

Am I the only one who thinks land prices in Nairobi and environs are highly overpriced? Consider this, a plot in Ruaka goes for 20-30 million. That’s bare land. The same amount is enough to buy a prime plot in any of the county HQs where all devolved funds will go, and to build a flat to completion. My point is, owning property in Nairobi or environs, specifically rental or commercial property, requires very deep pockets these days. I am of the opinion that mtu anajijenga would get a better deal for his money in the counties than here. Just my opinion.

Too true. Land prices are not regulated, neither are Apartments/homes. Before Two Rivers Mall was built, land in Ruaka was Kes 5M. Anyone who bought back then and is selling now is making a killing. If you want to build and rent, the rental yields are in Nairobi. Anywhere farther, you will struggle and capital appreciation will not be good too on those properties. Location is key.

[x-trail]

@Mrs Shosho

My money is not from my lineage.

Waambie

[system]

@x-trail

Waambie

Naa

[system]

@Azor Ahai

She is a rich spoilt brat sent by her filthy rich parents to study in the UK.

Without a head on your shoulders? what it is wrong with your parents? Some stupid people.

[Uvuvwevwevwe_Onyeten]

why???

@Azor Ahai

kuishi nje ya Nairobi is a very bad idea.

[magazine]

@Azor Ahai

Ukiishi nje ya Nairobi (or a major town like Nakuru) utakuwa mjinga sana with time. I have interacted na watu wengi sana wa ocha and honestly, they aren’t the smartest people because of lack of exposure.

hehehe, kuna smart fellows mashinani, who churn millions monthly, change your circles.

[LuandaMagere]

@Mrs Shosho

As a Ruaka home land owner and landlord…mmmmmmmh. That is all from the news room.

kumbe shosho ni birrionaire kama sisi ?

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[formeradministrator]

Real Estate investments are well done with other peoples money especially using bank credit facilities, land itself being a collateral and let it pay itself.The difference is what you take home and fits long term investments plans.

[system]

@Deez Nuts

kumbe shosho ni birrionaire kama sisi ?

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Mrs Shosho is a paper birionea aka dreamer. YA! TBH I honestly feel ashamed when I look at what others around me have achieved from hard work. M2Random has to be kept in check because he tells lies about property acquiring. It is hard and tricky but well worth it if you trust your judgement, go with the gut instinct and importantly do a research.
What I bought for half an M in Ruaka is now worth some money I dare not mention. What I morgaged here for £129,000 is worth triple that…Mushatha hata siongei…the Matha offered me 1 extra acre for 5 million juzi. The one in Shanzu nilinunua against my parents’ judgement. I am going to sell it and dance. WSR/DPORK has investment plans around there na imepandisha bei sana.

p/s Ile mancave ya @kush yule mnono in Syokimau…is in my hands kikikikikiki. He did not make me sign a pre-nuptial.

In short invest in property with foresight. It pays back biiiiiiiiiiiiiiiiiig time.