There are different forms of investments in Kenya. We have Real estate, Mutual funds, Savings, Bonds, Sacco etc.
THE MAIN REASON WHY REAL ESTATE IS PREFFERED,
1.Mainly due to Inflation that occurs with time
2.It also has very good returns on Investments that are in a lifetime.
3.It never losses value it always appreciates.
“Mkulima mdogo” can as well invest in affordable properties. TRY FOCUS ON INVESTMENTS THAT BRING MONEY INTO YOUR POCKET. Start with small unit apartments that cost as small as 2M.
Get the affordable 2M unit with 3 years payment plan that will be workable.. Lets calculate the payments within the 3 years.
With 2M..Do a deposit of 20%[400k] and the balance of 1.6M get to spread it within 3 years in monthly Installments.
That will be
- 1600000 divided by 36 months=44,444[Monthly in 3 years]
- You can as well have the investment with a friend of family and pay each person 22,222
FOR GUYS WHO SAVE WITH SACCO,HERE IS AN EASIER PLAN.
For the remaining balance of 1.6M…You can choose to pay the 1M in 3 years and the balance of 600K you can take a Sacco loan during the COMPLETION OF THE PROJECT.
1MILLION divided by 36 months=28k per month[per person] and [13k if two people are involved]
