You don't need to own land to become a landlord, let me show you how using a case study. DescriptionWorkingsPlot size50 x 100 or 0.045 ha or 450 sq metersType of houseBedsitters / studio apartmentsNo of levelsOne floorSize of each unit17 sq meters or 193 sq ftCirculation / open space30% of plot size (approximate) 450*0.3 =135 sq metersArea available to build450-135 = 315 sq metersNo. of units that can...
A government bond is a debt security issued by a government to support government spending and obligations. Investopedia.com In my understanding, a government bond is where the Government borrows money for infrastructure and recurrent expenses like paying salaries etc. They call it budgetary support. Imagine having to borrow money to consume and some of the money meant for infrastructure goes...
I had a conversation with a furniture and interior designer about business growth. She has made some great furniture pieces for my house. Her business is called Tira studio and she has a showroom on Ngong road. Check out their website https://www.tirastudio.co.ke/ for their end of year clearance sale on timeless furniture. Tira Studio Business secret She told me of a business secret that she...
With the new normal and reality that Covid 19 has introduced, we need to be versatile and not act "normarrry" even when it comes to spending the little money that's still circulating in the economy. We all know of a person or family that has had to move out of their nice apartment to a cheaper place or even back to shags. Things are thick and we still don't know how long it will take for the economy to...
At various stages in life, there are certain things that you consider as a "rite of passage". Let's take a few examples When you are in high school, you want to finish and go to the university. When you are in the university, you want to graduate and get a job. When you get a job, you want to buy a car and get married... in whichever order. When you get married, you want to get kids. When the...
This Covid19 season has taught us that only the versatile survive. Nothing is certain but death and taxes. Benjamin Franklin 1789 Versatile will have the meaning of multipurpose or adaptable. What does versatile look like in real estate? Residential house If you are planning on building a residential house, you can consider the following; Design it to have a home office or workshop or whatever...
In the spring of 1822 an employee in one of the world’s first offices – that of the East India Company in London – sat down to write a letter to a friend. If the man was excited to be working in a building that was revolutionary, or thrilled to be part of a novel institution which would transform the world in the centuries that followed, he showed little sign of it. “You don’t know how wearisome...
If you own a home, you’ve probably been sold on the benefits of a shorter mortgage or heard it’s wise to pay more than the minimum so you can pay it off sooner. I was actually exposed to this idea before I owned a home, in my high school math class, when our teacher espoused the virtues of a shorter mortgage. I rushed home and breathlessly asked my mom, “Mom, do we have a 15 year mortgage? If...
What is valuation? The valuation of property has long been characterised as both an art and a science: an art because of the need to make value judgments concerning the intangible features that attract certain buyers; a science because it is possible to establish trends and analyse how these are interpreted by buyers and sellers, including the value placed on particular property...
When I wrote an article a few months ago about how to protect against colossal loss in a strange investment environment, little did I know that a major sell-off was just around the corner. My argument was based solely on the combination of very optimistic market prices and general investor complacency about risk. These factors argued for guarding your wealth against unforeseen negative outcomes. My...