The past Recently I met a 50 something-year-old lady who has been living in Ruiru since the year 2000. This is her story in brief. Let's call her Mary. Mary, then in her early 30s bought two 1/4 acre plots in Ruiru in the year 2000 for Kshs 60,000 each. The following year, she sold one plot for Kshs 80,000 making a 33% profit. She then managed to buy several more plots in the area. It was a coffee...
Recently a friend told me about some affordable plots in the greater Ruiru area, about 1km from Thika superhighway and near Ruiru Sports club. What caught my attention is the price of the plots at Kshs 800,000 per plot. These are about 9,000 plots in a gated estate that have been released into the market in the recent past. The estate has some "beach plots" I have also learned about more residential...
I had a conversation with a Kalenjin friend about investing. His views on investing contrasts with mine so much. Before I break down the facts and myths, I wish to tell you a short story. A story about a young bride A young bride was seen by her husband breaking the legs of a chicken before placing it in the oven to grill instead of placing it whole. Her husband inquired the reason for that and she...
I asked this question on Facebook and it elicited a lot of reactions. In case you haven’t seen the question, here it is; If you are a single woman and you buy or build a house, then you get married, would you allow your new husband to move into your house? Why or why not? After a very successful debate, I feel like “addressing the nation” in my capacity as a valuer and real estate...
This is the second last part of this series on Real Estate in Ruiru and its environs. Click here to read part 1 of this series. One of my best articles was on Kamiti road. Click here to read the article on Kamiti road. When it comes to Real Estate in Ruiru, Murera and Mugutha have several similarities to the Eastern bypass in the sense of lack of planning and haphazard land subdivision. Finding a very...
As we continue focusing on investing in property in Ruiru, this post will focus on understanding the area along Ruiru-Githunguri road. Last week we focused on the Eastern bypass. Click here to read part 1 of this series. The previous week we had focused on Kamiti road. Click here to read the article on Kamiti road. Ruiru-Githunguri road (let's just call it Githunguri road) has several similarities to...
We have been discussing the opportunities in Ruiru real estate. Our first article was a general overview of Ruiru. We did a comparative study of Ruiru and Ruaka and made some important predictions. Click here to read the first article in this series. Last week we talked about Kamiti road and the great opportunities therein. So far, Kamiti road holds the highest potential. Click here to read the...
Last week we saw why all serious real estate investors should be visiting Ruiru, not just for the tasty roast meat at Kamaki’s or fish at wakalucy (pronounced wakarucy) but more importantly for its investment potential. Click here to read part 1 of this series. I would like us to zoom into different parts of Ruiru and see whether there is an opportunity or not. We will look at the history, present and...
If you are buying shares, you would normally want to have an analyst to tell you which shares will give you the best return. Better still, you would like to know which shares your stock broker is buying. "Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight. Daniel Drew". Allow me to analyse an opportunity for you and give you insider information. Let’s use a...