Author: Peris Gachago
Are you overwhelmed when considering buying your first rental property in Kenya? Well, you’re not alone. Many people experience anxiety when they are about to make a big purchase that will bring more money. However, don’t let anxiety carry you into making the wrong investment choices that will haunt you in the future. That’s why you need this guide to help you make the right choices while buying your first commercial property. Keep reading to know how you’ll become a landlord soon. Steps to Buy First Rental Property in Kenya Loans are good, but if you take them for a…
You researched and got your preferred real estate property. Now, how do you close a real estate deal? This part of buying real estate is the most important since you will be a property owner after closing the deal successfully. It may seem easy to close a real estate deal, but don’t rush first. You still need to learn a lot before signing that sales agreement form. This guide will teach you how to own property successfully without facing future obstacles. Let’s get to the important steps you should take, without skipping any, to close a real estate deal without…
The cost of living is at its peak, not only in Kenya but also in other countries worldwide. As a result, getting money for survival has been challenging, leave alone investing in real estate. However, that should not discourage you because life has to move on anyway, with new survival tactics. You can get a friend or a relative and engage in joint tenancy, where you’ll contribute towards property ownership. By the end of this post, you should: So, What is Joint Tenancy? Don’t confuse joint tenancy with being a tenant. Being a tenant means you don’t own the property…
Being a homeowner can save you from unnecessary disappointments when you pay your house rent late. It’s a good feeling to own a home, primarily due to the flexibility involved. When the Coronavirus pandemic hit our country and the world, homeowners had more advantages over renters. Why? Because after losing jobs, it must have been a challenging experience to pay rent on time. Although homeowners struggled with mortgage repayment, they were far better than non-homeowners. The pandemic has been an eye-opener, and more people are focusing on owning a home where they have the freedom to stay and do other…
Buying multiple rental properties is one sign that you aren’t new in property investment. However, you’ll still need guidance in accumulating such huge properties. I’m sure you’ve tasted rental income and found the sweetness of it. That’s why you need to upgrade. Right? However, before adding more rental property, ensure that the current one is stable enough to repay the mortgage in case your job fails. This guide will show you how to make those big investments with much ease. You’ll also learn the precautions before making a mistake while investing in multiple rental properties. The ideas you’ll learn here…
A proof of funds letter is a letter from the buyer’s bank to the property seller, showing that the buyer has enough liquid cash to pay a downpayment and other expenses related to closing the deal. A property seller will feel more secure if you prove you have enough funds to buy their property. A proof of funds letter can help you close a real estate deal and outshine other property bidders without a POF letter. By the end of this post, you’ll learn: Benefits of a Proof of Funds Letter? Mortgage Pre-approval vs. Proof of Funds Letter: What’s the…
Are you thinking of investing in real estate? Well, it’s important to note that different real estate types have different Returns on Investment (ROI). In addition, different locations accommodate different types of real estate. For instance, you cannot invest in residential property in industrial areas. If you invest in an ideal property type in the right location, you could earn lots of profit, enabling you to invest in multiple rental properties in Kenya. Real estate is a good retirement plan, which is more secure than stocks. However, you should have an excellent plan to succeed in real estate investment in…
Making money in real estate is not as complicated as it seems. That’s why you find thousands of investors coming to property investment. You can be the next tycoon once you learn the tricks you can use to succeed in real estate investment. In this guide, you’ll know what you should do to create a profitable real estate investment, whether it involves property or not. Key Takeaways What is real estate investment? Real estate investment ranges from buying and selling raw land, residential, and commercial property. The main aim of property investment is to gain high returns on investment. And…
As a real estate investor, you want to profit from your investment. You’ll also need to know how long it will take to realize your returns on investment (ROI). Remember, it’s always advisable to determine your business progress, regardless of size. That’s why you can easily realize your property profits with the help of calculations like the 50% rule. This guide will show you how the 50% rule works and how it can help you in your real estate investment. What is The 50% Rule? The 50% rule in real estate means you take half of your monthly rental income…
Have you heard about the Airbnb real estate business? Well, it’s a new thriving business in the real estate sector that does well in countries that get tourists. Most people call them vacation rental houses because they are seasonal. Some people rent for days and others for a few months. An excellent Airbnb business plan can help you get high monthly returns once you implement the plan. This guide will show you how you can succeed in the best Airbnb markets in Kenya. By the end, you will learn the following: Keep reading to get to the root of this…