Buying land for speculation

Kibokoyao

Senior Villager
#1
Wazee nataka kununua shamba for the purpose of selling later inorder to build on my other kabloti. Nataka shamba ya 2M.

Budget ya kujenga nyumba ni 5M.

Is it realistic to buy land to be able to avoid forking out cash from my own pocket
 

Azor Ahai

Village Elder
#4
Mtu anakwambia ufanye biashara na hiyo pesa (other than expanding your existing business) hakutakii mazuri. They do not understand the element of "risk" in business and why it is always advisable to start small sio kuwekelea your 2 million life savings. Enda counties. Nunua acre moja ama mbili karibu na lami near county HQ. In 3-5 years, subdivide plots uuze. Meanwhile endelea na hustle zako. Thank me later.
 
#8
Wazee nataka kununua shamba for the purpose of selling later inorder to build on my other kabloti. Nataka shamba ya 2M.

Budget ya kujenga nyumba ni 5M.

Is it realistic to buy land to be able to avoid forking out cash from my own pocket
Kiboko, make sure you do a proper land search before putting your money at risk. I have heard some real horror stories.
 

grandpa

Village Elder
#9
Buy a one acre buroti and subdivide into eights 5-10yrs down the line for sale to other speculators and trust me you will have 10m or more.

As much as I have always castigated land speculation for adding little value to our economy, I have never seen heard someone regret a land purchase a year or two down the line as is typical of 'other investments' unless you are robbed I.e. land cases

You need to focus on what has made you the 2m and forget other slideshows kama side hustle, investing sijui in a friend's business etc. Land purchase allows you to do this and is THE MOST EFFECTIVE way to save as the investment cannot easily be liquidated.
 
#18
Faida itaingia but Utapata Bei ya cement imefika 2.5k after .
I hope you will not be surprised to find out that the price of cement has actually been going down 2011 undisclosed location it was 720, in 2014 the same was 670. Current prices are ranging between 550-580. Though i get your point based on labour cost, its up up up!
 

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