 By John Ntende In many churches, cells, congregations and religious gatherings, financial breakthrough is one of the most common prayer requests. Luckily for us, the bible and other religious texts have already documented the ethical principles for acquiring wealth. We just have to put them in practice. And in any case we have all been blessed with unique gifts and talents right from birth and...
By John Ntende Liquidity risk is simply not having enough cash to meet your present obligations. For example you may own a valuable piece of land but are not able to pay your rent on time.Some assets are more liquid than others. For instance you can withdraw some cash from a unit trust to pay school fees but you can't sell a part of your house. Investments in real estate and businesses potentially pose...
By John Ntende Land is one of the most valuable assets you can ever own. There are various reasons and advantages to owning land.Supply is limited. They are not making more land and yet the population keeps growing. All these people will need to build somewhere.Little capital needed. You can acquire an acre of farm land for less than ushs 3 million. You can buy a residential plot for ushs 3.5...
By John Ntende I have seen some heated online debates on whether it is better to invest in treasury bonds or real estate. Proponents on either side had compelling reasons to support each viewpoint. For instance, the people in preference of treasury bonds pointed out that bonds are fairly safe, liquid and provide a passive income stream. They also demonstrated that real estate is capital intensive, not...
In the last article we went through ‘how to find out if the seller of a property is indeed the seller’. Today we want to find out about the second dimension – the property: Our task here is to match the property to the seller. How can we achieve this? 1. Search: Ministry of Lands and Housing at the different Zonal offices keeps a record of every transaction that pertains to land.Before you...
Good day, Following the last two editions on how to buy the right property, today we sail into the last and rarely taken note of – the economics! So you’ve checked the seller out – tick. Checked the land is legitimate – tick. Now is the time for us to waddle into the economics of it. Why are you buying that particular piece of property, anyway? What is your objective? Can you meet your...
Over the last few weeks we’ve been looking at how to ensure your purchases are fool proof. Today we wish to explore some more seemingly obvious points but which are sometimes ignored. Lets go: 1. Road access: seems very obvious but always make sure there is a designated access road to the plot. And more importantly verify that this road access is captured in the blue print. Just seeing a road leading...
Coming...
