Agricultural land in Kenya for sale: Agricultural land for sale in Kenya

A million dollar question is who is eligible to acquire agricultural land in Kenya for sale? We have answered that question in our previous postings that anybody whether local or foreigner can buy agricultural land in Kenya. Of course, there are some limitations for non-citizens who can only get land on leasehold for a period not exceeding 99 years. That piece of information is in the laws of the land and it has generated so many questions which we are going to address as we make progress in the discussion. Like for instance, after the 99 years what happen next? According to section 13 of the Land Act, the land can be released to the most immediate lessee if he or she is a Kenyan national. This pre-emptive right is subject to the availability of that land meaning that, if the land is not needed by the authority (government) for public interest the land will be given out for the second lease. However, this is only applicable to citizens and not foreigners.

The other area of concern is “can a foreigner register a company to get a freehold land?” The advantages that come with freehold land has made many foreigners look for ways of enjoying the benefits attached. Nonetheless, the law doesn’t allow that. The law only considers those companies whose ownership is a 100% Kenyan. Where there are one or more directors in the company, such entity will be considered to be of foreign nature and cannot get agricultural land in Kenya for sale or any other land for that matter on the freehold basis.This condition is also applicable to trust. The law prevents non-citizens from owning freehold property under trust too.

Finally, and this is in relation to our point of focus on acquiring agricultural land in Kenya for sale. The law provides that under the Land Control Act, “the Land Control Board shall refuse consent to the transfer of any agricultural land to a person who is not a citizen of Kenya”. However, the Act also provides that a “non-citizen can only own agricultural land if it is an initial grant from the Government or after obtaining a presidential exemption to acquire the agricultural land”. On this point, it seemingly suggests that a public company can own agricultural land even if its ownership is a mixture of citizens and non-citizen. But other than that, the same is not applicable for a private company whose ownership is composed of both citizens and foreign shareholders. In the case of the private entity, all the shareholders must be Kenyan citizens in order to own agricultural land. Now having known what the law allows and prohibits, you must be careful when intending to put up an investment in agricultural land in Kenya for sale or any other land for that matter. This article is meant to help you do a thorough due diligence so that you do not loose from the beginning. You can always talk to us at West Kenya Real Estate using our contact on this site for all the concerns you have and we will help you professionally.

Vacant land investment: Real estate in Kisumu

Until now land has remained the biggest real estate investment. It is an investment product that does not stale in any way. Many people who have explored this investment option have no business stocking their money in the bank where it doesn’t earn any meaningful dividend. I have over the years met smart investors to whom I have learned a lot when it comes to vacant land investment. And just to open your eyes, in late 1990’s one of these investors bought land along the flood areas of Kano plains on the busy Kisumu Nairobi highway. By that time no one ever wanted to look at that area as a place for investment. And as it is the norm, when he was buying many parcels of land along that area, people rebuked and mocked him as one with shallow business ideas. He did not mind the insult and continued with his business idea of buying vacant land in the economically wrong places according to the views of many.

To cut the long story short, those land he bought in 1999 at less than 10,000 an acre are today 18 years down the line of investment are fetching over 2.5milion an acre. Does that raise your eyebrows? I thought you were among the group of advisers who wanted him to look elsewhere for investment then! What point am I passing across, real estate in Kisumu is full of surprises for the good of those who have mastered the real estate business. There is money in the vacant land investment. All you need to do is to remain focus and never be swayed by onlookers. If this investor in 1999 bought 20 acres of land at only Kshs. 10,000 each (Kshs. 200,000 then) and today he is disposing the same at Kshs. 2.5milion, his gross income will be Kshs. 50milion. That is Kshs. 231,000 every month in the last 18 years. And just for the avoidance of doubt, the capital was Kshs. 200,000. Was that a bad investment idea as was lauded by many then?

I believe that by now if you have been following keenly the tone of this article, you probably want to ask certain questions. If you are you are indeed justified and we are always available to help you change the course of history. Realestate in Kisumu is an avenue for prosperity in the region. And it is never too late to start today. The best way to start is by acquiring parcels of vacant land and just like you could put some of your excess money in a fixed deposit account and earn just a meager 1.5% of your investment annually, you can be smart and torn to vacant land investment for real productivity in real estate business Kisumu chapter. The wait and see categories of investors will always be there to tell your story, but you must not be the one to tell other people’s stories of success. Be the one to whom successful investment stories are told. How do you make that happen? Talk to the professionals at West Kenya RealEstate today.

Land in Kisumu

Kisumu is the home of great opportunities in nearly all sectors of life. Whichever way you chose to view it, Kisumu is the place to be for all kinds of legal businesses and investment. As a business individual, you main interest should be the land in Kisumu. For your business to make inroads out there, you need a place to establish it. Somewhere you clients can locate you from with major contracts and business ideas. The county of Kisumu and her hospitable residence is offering that for you to come and join the able team of great sons and daughters of this great county.
And just to give a brief insight about the land in Kisumu, we have vast agricultural land with rich clay soil for all kinds of farming activities. The region is also well suited for construction works as it stands on very stable ground. The beaches along the shows of Lake Victoria offers investors who intend to put their money in the hospitality industry to so. The beauty of the mountains facing Kisumu from all direction gives land in Kisumu the value. When you stand at the Nyabondo plateau you will end up amazed at the breath taking sceneries. The Kano plains with its rich resource in irrigation projects including fishing activities. The sweetness is just overwhelmingly and writing may not provide you with true feelings of what we have in Kit Mikayi which is a natural resource and a tourist attraction in Kisumu. The sceneries of God’s workmanship on the stone placement in this place is just amazing.
And with the largest clean water lake to the west serving the three East African countries that is Kenya, Uganda and Tanzania. This can be a main source of the waters of Lake Victoria which supplies the Nile River with its water. It may interest you to admire that River Nile is the longest river across the globe flowing through four countries from Uganda through republic of South Sudan, the republic of Sudan and Egypt before emptying its waters into the Mediterranean Sea on the north of Egypt. All these waters are supplied from the rain waters flowing in the gorgeous rivers in Kisumu like river Nyando, Miriu among many others.
With all these and the good infrastructure development in Kisumu like good modern road network, railway line, an efficient airport and sea transport in Lake Victoria, you will be forgiven for having an appetite for a property for sale in Kisumu. And satisfy your appetite for land in Kisumu, the Kisumu people area welcoming community, intermarrying with other communities and at peace it her neighbors. Your interest to own a piece of Kisumu is a thought in the right direction. You can actualize that thought by seeking to acquire more information with our able property agents at West Kenya real estate.If you are not a resident of Kisumu, you may not have the insight of what is happening is this region and this article alone may not give you the clear picture of what your called to invest in. Due to this, West Kenya Real Estate will be your best partner in spear heading your investment goals.

Plots for sale in Kisumu

Every person’s dream on earth is to have a home of their own to call home. A place where they pay rates and not rents or better still if there is no levies. Your business of paying rents has caused lots of individuals pain of being evicted unceremoniously during odd hours. Rent remissions is to the advantage of the land owners with very minimal benefits to the tenants. Therefore, if you agree with me, you can walk out of this pain and humiliation by taking the right position. Plots for sale in Kisumu should bean eye opener towards realizing you dream of owning a home.I am positive that many are getting concern and pool backwards because of the cost involved. This in my view is not meant to be the reason for delaying. Because if you put together all the monthly rent you pay over time, then you realize that it is possible to get. Your plot is readily available waiting for you. All you need to do is to be bold in decision making.
People who find themselves in the business of waiting will always tell stories of those who make bold decisions. Such decisions are often unpopular, but they are the decisions being talked about in the future. There's such a number prime plots for sale in Kisumu and you can choose to be the story teller about others or be the one to who the story is told.
If you take into consideration latter statement, you will agree with me that you deserve to be in your own home. And that that I have your attention, I want to advise you to look around and see for yourself that ideally one of the land for sale in Kisumu actually belongs to you. And remember,in terms of buying of land in Kisumu or anywhere as they either, it is not about taking risk as it is with other business. This is stepping to your destiny. You have all the key to unlocking this, it is your time now. Waiting for another day is may be costly as the cost for plots for sale in Kisumu and all over the nation keeps rising every day. Your prompt move is will save you money and before you knew it, you will be a proud owner of a plot in Kisumu.
Finally, you will need to appreciate that whatever decision you make about buying land in Kisumu, your family will be the biggest beneficiaries or losers. I am persuaded in my mind that you desire them to benefit and that is why you are still reading this article. That desire is productive and it is time to make it a reality by looking around for the many available plots for sale in Kisumu today. As property agents in this region, we can help you start the journey professionally. We believe that you diligently do not want to start this journey on shaky grounds. We are available to help you in whichever way we can to be part of your success in laying a good foundation for your generations to happen.

Land for sale Kisumu: Hospitality and friendship

The greater Kisumu County continues to be toward the world map all for the good reasons. It is the host of all the regional herbs of East Africa community hosting her headquarters. Boasting of the largest freshwater lake in the world, it is a destination of choice for all.Due to this and many other product characteristics, this region has become a darling of all. It is no wonder owning land in the lakeside city has become so lucrative. And talking about owning land, did you know that land for sale in Kisumu is not just an invitation to treat but a step into contractual agreement? Why am I saying this, doing business in Kisumu is not just so for the purpose of getting cash. But it is the place of relationship. Oh yes, the people making Kisumu be what it is are such a darling. Who wants to be around unfriendly people? Am yet to meet one. Not to forget that a good land surrounded by an unfriendly community is and will never produce anything good.
Individuals that understand whatit indicates to talk about land for sale in Kisumu will tell you of the secrets of hospitality of the community living in the more County of Kisumu. But if you don’t have any idea, I will jog up your memory a bit. Take for instance the history of railway construction, while there was many other towns along the railway line from Mombasa to Kisumu, the Asian community chose to make Kisumu their home. Why did they do that? It’s because of the friendship and hospitality they felt with the people of Kisumu. This region became their home and today, they are among the local people doing business together and contributing immensely to the making of this town.
The Kisumu sub-counties
It will go unchallenged that the residents of Kisumu are a people of honor. They have lived harmoniously with their neighbors for as long as life itself. This is can be seen in the sub-counties of Muhoroni and Nyakach where the indigenous Luo’s live in harmony with the Kalenjins. Such are some of the attributes you asa financier would want to consider when thinking about land for sale in Kisumu. Your greatest concern would be how friendly are the people you will work with on a daily basis. This is of greater importance because peace is a serious virtue worthy of consideration in any investment. No one can live or do business where there is hostility and that is why at the back of your mind, the people around you and their social standings is very important.
Finally, land for sale in Kisumu is not only for the visitors from outside the greater County of Kisumu. The indigenous people of Kisumu are equally making in roads and expanding into other sub-counties of Kisumu for greater opportunities. Many are relocating to the farm areas for purposes of agribusiness and this is opening up areas which initially seen to be unproductive. When locals take the lead in investing in their region, as a visitor, you get the self-confidence that buying land in Kisumu is worth it.Now that things are already settled the assurance of hospitality and friendship, what’s your stake inside of the land for sale Kisumu County?
Land for sale Kisumu: Hospitality and mutual affection

Land for sale in Kenya

Kenya is a country in the African continent along the east coast of East Africa. It is neighboring Somalia and the Indian Ocean to the east, Tanzania to the south, Uganda to the West and South Sudan and Ethiopia to the North. This introduction is very important for you as it ensures that you identify with the country well prior to you make a decision to start looking for land for sale in Kenya. Kenyan investors are legally allowed to own land in, therefore, any part of the republic as a basic right entrenched in the Kenyan constitution. This same right is also granted to foreigners with some little attachments. It therefore means that any interested person can own land in Kenya provided the set rules and regulations are adhered to. With that clarity, I can now introduce you to some of the lands for sale in Kenya. The country is majorly an agricultural country with many other activities in the tourism, mining among many other activities.

Relying on your area of interest, you can get the ideal land for sale in Kenya to start rolling your dream investment project. The government of Kenya through the Kenya Land Commission is responsible for all the land transactions. It is important that as you thirst for a portion of Kenyan land, this body will be very important. Investors need to get facts right about which land can be obtained for sale. It may interest you to note that not all land is up for grab. There is certain land classified as government land, community land and these may not be available for sale. Any interested buyer must do his or her homework ahead of when making a commitment in any land.

As well as for the avoidance of doubt, if you are planning to get any land for sale in Kenya. You must be ready to seek the services of a legal adviser to help you engage in the necessary record searches of that parcel of land.That is an essential part of every buyer because in Kenya, issues pertaining to land are very emotive and any uncertainty over a given piece of land must be addressed early. This exercise of due diligence when not done professionally, you may land into problems in the future. Many have lost their land as they definitely failed to be thorough in the initial stages of acquiring land in Kenya. Instances where prospects who thought all was well have arisen decades later when they are being told that their investment is standing on a road reserve and needs to be brought down to allow the construction of the road.

Finally, how can you imagine seeing your lifetime investment being brought down on account of an inadequate collection of information about the land in Kenya? The shock which goes hand in hand with such piece of news can be very devastating. We would not wish you go through the horrific experience. And that is where West Kenya Real Estate comes in.you can speak to us about all the queries you have because of the parcel of land in Kenya you’re intending to buy. In all land transactions, all suspicions must addressed. And for any help you need, the doors of West Kenya Real Estate is always open for you anytime.

Land for sale in Kisumu County: The land of productivity

If there is any non perishable commodity everyone try to have, it must be land. This is an asset that will let your money work for you for the rest of your life. I may not know your taste and preferences, but if you ever dreamt of being comfortable today and in the future,then you could want to be among the first to get information about land for sale in Kisumu County. It may interest you to note that, Kisumu County is vast with seven constituencies, including Muhoroni, Nyando, Nyakach, Kisumu East, Kisumu West, Kisumu central and Seme.
Each of these constituencies represents everything there is about your prime investment in land in Kisumu. And for the avoidance of doubt, the county’s neighboring counties makes it even more lucrative for all who would want to operations in the sales of land in Kisumu. It’s bordered by Kericho and Nandi counties to the east, Vihiga County to the north, Siaya County to the west and Homabay County to the south. Land for sale in Kisumu County are gateway for your investment considering the good road networks connecting this county with her neighbors and beyond.
Self-reliant to clean water
This is just a tip of the ice burg of what awaits you when you put your investment in this county.And also the way, it will interest you to note that, besides her neighbors’ Kisumu is the land of great abundance. Owning a piece of this county is and will forever yield dividend to those who know what they want. Recently Kisumu town and it’s environ was declared to the first water self-reliant town in the Republic of Kenya. What does that communicate to you? Do I need to over emphasize the wonder of that? If I must, who don’t want to be where there is water sufficiency? I’ve looked through and failed to find one. Water is life and when it’s there in abundance, we are essentially saying that Kisumu is productive and full of life for your investment.
Finally, being a prime commodity, land for sale in Kisumu County has become a major wages not just for those in the business of buying and selling of land, but also the authorities through the taxes that come with every transaction of land. The Kisumu county government is very fair when they're buying and selling land within her jurisdiction. Working hand in hand with the National Land Commission, they have made investors have value for their money and so for anyone who is planning to invest in land, Kisumu County should only miss in your list of priority if productivity is not in your interest.Most likely not matter what it's important to with your land in Kisumu as an investor because whoever way you look at it, being a landowner in Kisumu County is almost guarantee of endless dividends. Because of this, all roads are now heading to Kisumu County at least to enjoy apiece of this great County and I believe, you too don’t wish to be left out.
Land to purchase in Kisumu County: The land of productivity

Houses for sale in Kisumu Kenya

Kisumu really being the third largest city in the whole republic of Kenya is full of many opportunities. Investors are now trooping into the lake region because of the abundance it offers. And like somebody once said, “The early the bird catches the worm,” you can be among the early people to take benefits of the many houses for sale in Kisumu Kenya today. This is a great opportunity for every individual who would want to bid his or her landlord bye. Object through endless frustrations by landlords, I wouldn’t hesitate to take the lead in buying my own unit. If you are in accord with me, then let me give you some insight about the places housing in Kisumu Kenya could be ideal.
I know that everybody love to really are things. Having a house of your own is often one of the many good things we would wish to have. And Kisumu being East Africa Community headquarter, becomes the ideal place to have your first house. Now if this interest you, it would be a good idea to know how and the spread or the geographical location of houses for sale in Kisumu Kenya are.Well there are several estates in Kisumu both new and old ones. Of the old ones include Milimani, Nyamasaria, Nyalenda, Migosi, Manyata, Lumumba,and many many more.But the new and upcoming include Lolwe, Mamboleo, Polyview, Riat, New Airport area, Kisian, Ogango and the list becomes limitless. All these estates are well connected with good road network and are hardly twenty minutes’ drive from the CBD.
If you are looking is typically a landlord or you just want a house to live in, these estates offers the best opportunity for you.And remember the cost will differ depending on the estate of choice. Some of these estates are very prime and may cause you to dig deep into your pocket to secure a unit in those areas. Like for instance an estate like Milimani where the Kisumu state lodge is will definitely be expensive. Therefore, as you develop interest in houses for sale in Kisumu Kenya, such are the factors to put into consideration.
But in the majority of these, one very important thing to note, is that, nearly all the estates in Kisumu will in no time change into prime locations for anybody to own a house. This is evident with thinking of the speed with which the county is growing. The rate of development as it is now makes every estate very competitive and with great potential. In fact, what may appear to be in the rage of middle or low class will in just under three years be a serious prime location of great class. So it is important that if you want to earn a living in the real estate business, you could consider taking the earliest opportunity by securing every of the houses for sale in Kisumu Kenya irrespective of what people look as prime today.Much like for the avoidance of doubt, this is not about gambling. What I have stated here are facts that any licensed government surveyor will confirm to you as true because of the financial market trends.

Houses for sale in Kisumu Kenya

Kisumu usually being third largest city in the whole republic of Kenya is full of many opportunities. Investors are now trooping into the lake region because of the abundance it offers. And like somebody once said, “The early the bird catches the worm,” you can be among the early people to take gazing at many houses for sale in Kisumu Kenya today. This is a great opportunity for every individual who would want to bid his or her landlord bye. Being through endless frustrations by landlords, I wouldn’t hesitate to take the lead in buying my own unit. If you are in accordance with me, then let me give you some insight about the places housing in Kisumu Kenya could be ideal.
I know that everybody love to have a significant amount of things. Having a house of your own can be one of the many good things we would wish to have. And Kisumu being East Africa Community headquarter, becomes the ideal place to have your first house. Now if this interest you, it would be a good idea to know how and the spread or the geographical location of houses for sale in Kisumu Kenya are.Well there are several estates in Kisumu both new and old ones. Some of the old ones include Milimani, Nyamasaria, Nyalenda, Migosi, Manyata, Lumumba,and many many more.But the new and upcoming include Lolwe, Mamboleo, Polyview, Riat, New Airport area, Kisian, Ogango and the list is limitless. All these estates are well connected with good road network and are hardly twenty minutes’ drive from the CBD.
If you are looking a good landlord or you just want a house to live in, these estates offers the best opportunity for you.Don't forget the cost will differ depending on the estate of choice. Some of these estates are very prime and may cause you to dig deep into your pocket to secure a unit in those areas. Like for instance an estate like Milimani where the Kisumu state lodge is will definitely be expensive. Therefore, as you develop interest in houses for sale in Kisumu Kenya, such are the factors to put into consideration.
But in all these, one very important thing to note, is that, nearly all the estates in Kisumu will in no time change in to prime locations for anybody to own a house. This is evident with weighing the speed with which the county is growing. The rate of development as it is now makes every estate highly competitive and with great potential. In fact, what may appear to be in the rage of middle or low class will in just under three years be a serious prime location of great class. So it is vital that if you want to get paid in the real estate business, you could consider taking the earliest opportunity by securing just about any of the houses for sale in Kisumu Kenya irrespective of what people look as prime today.Pretty much for the avoidance of doubt, this is not about gambling. What I have stated here are facts that any licensed government surveyor will confirm to you as true because of the forex market trends.

Kisumu Real estate: Lessons for shopping Mall Developers in Kisumu

For some time currently, Nakumatt monetary challenges are on our national media for all to remember. Nakumatt stores in city et al within the county has been going while not meeting its monetary desires and shelves running out of things. This has semiconductor diode to several individuals effort the large market chain and traffic to mall hosting them drastically reduced. this can be wherever developers ought to lake regarding.
Is it a decent plan to possess a shopping precinct that majorly hosts a market? What happens to alternative businesses that ar hosted by constant mall just in case the supermarket closes? What will Kisumu real estate developers run and apply going forward? These queries came up as a result of with the challenges that Nakumat arduous nearly the entire of this year, traffic to the looking malls hosting Nakumatt went down then ar the traffic to the companies hosting in these 2 looking malls.
It’s on record that many retailers have closed their retailers at Nakumatt Mega as a results of reduced traffic to the present mall occasioned by the decline in Nakumatt market. Going forward, city assets developers ought to have interaction in;
Better coming up with
Its time a mall mustn't be five hundredth occupied by one tenant sort of a market. In theory, it sounds simple however tougher in observe. It’s one issue which can solve this issue of alternative businesses suffering due to main play running into a tangle. a much bigger set up for a a lot of comprehensive mall ought to maybe be developed which will bring banks and plenty of alternative giant establishments with lots of traffic to a business. It’s ought to be a lot of of a business center than a shopping precinct that's dominated by one player.
A section of coming up with maybe belongs to the county government or native authorities. however shut ought to a shopping precinct be from one another? At the instant, there ar incidences wherever you discover looking malls border each other like Naivas city and Khetias Victoria branch in city. once the looking malls ar too near each other, the most de-service that they convey to 1 another is fierce competition which may end up in lack of enough purchasers to interrupt even.
More offices and retailers among a Business Mall
This is a part of the larger set up of developing malls going forward. this may draw a lot of individuals to the place and so the impact of 1 business taking place are going to be decreased . workplace areas ought to be provided for each little and huge organizations. the present observe I see in a very mall like Nakumatt or United Mall hosting Tusky is wherever there's the most section occupied by the market then little parts for personal observe and smaller retailers.
Affordable rent
Many times you'll realize that rents at these malls ar therefore high, preventing businesses to interrupt even and even keep there for long. very much like all businesses are searching for returns, developers ought to balance high rent and chance prices of preceding rent due to tenants walking away or avoiding a premise.
What else will Kisumu real estate developer learn from the developments around Nakumatt and Tusky? Share with North American country. Write to North American country and can update the article and embrace your thoughts.

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All you should know before Buying Commercial Kisumu Real Estate.

Buying or renting commercial Kisumu real estate, such is the question many business people ask themselves around the 1st of the month, when comes the time to write their rent's check.

With the interests rates being what they are and prices being affected by the commercial paper crisis, the answer might very well be yes if the right property becomes available and you can afford a relatively important cash down.

Owning commercial property in Kisumu real estate does have its advantages.

Choices:  as the owner, you can decide whether to select a building that matches your current needs, has enough room for future expansion or maybe is large enough for you to lease parts of it.

Equity: every month, your payments are applied to paying down your mortgage and building some equity which could be useful eventually to secure a loan for new equipment, to finance an acquisition or simply as an asset.

Appreciation: not withstanding any unforeseen occurrences, your building should appreciate with time.  This appreciation could,   just as the above mentioned equity, be used to get better financing conditions.

Power:  as the landlord, you are the person in charge of deciding how to finance the building, picking the tenants, choosing the decorations, selecting entrepreneurs for the work to be done, improving the building.  You even have control over your rent's rate.

                                                      

If it's so great, why doesn't everyone do it?

The main reason why not everyone owns the commercial space they're using is that, in real life, thing don't necessarily go exactly as in late night's infomercials…

You can buy commercial real estate with no money down, especially if it's because your money is bringing you more in another (safe) investment. 

On the other hand, if it's because your cash flow doesn't allow you any flexibility and that you don't have anything aside should things go a little unexpectedly, then you may want to seriously consider all the ramifications of the deal you are considering.

                                                                     

Your business' cash flow's growth stage.

Is your business bringing you comfortable and predictable income which you are looking to invest or would spending an important part of your income hinder any growth possibility for the near future?

Will you be able to afford any substantial and sometimes unexpected expense should you have to do unexpected maintenance on your building?

Usually, a commercial property will require a 15 cash down which, in some cases, can end up being a lot of money.

Don't forget you also have to factor in the price of insurances, taxes and legal fees.  Due to the importance of the figures involved in most commercial real estate transactions, I recommend you surround yourself with adequate representation meaning:  a real estate agent with experience and a positive track record as well as financial and legal advisers.

You make your money when you buy, not when you sell.

                                                     

One last but extremely important factor to consider before making your decision is that you make your money when you buy but realize it when you sell.

Paying more than the fair market value, not taking into consideration your cash flow factors (mortgage, interest rates, insurance, taxes and repairs incoming rent, other income possibilities such as parking for example) or letting your feelings dictate a purchasing decision may negatively affect your exit strategy for year if you are not careful.

What you should remember.

So we looked briefly at the different aspects of buying a commercial property.  Remember the advantages of being a landlord are:

1.       Choices

2.       Equity

3.       Appreciation

4.       Power

5.       Make sure you carefully evaluate your future cash flow.

6.       Purchasing the property won't hinder your growth strategy.

7.       You can afford unexpected and sometimes quite expensive repairs should they be needed.

8.       You can afford the cash down.

9.       Get advice from a professional financial advisor about your tax situation.

10.   Get advice from a professional law adviser.

11.   Get advice from a professional real estate adviser.

12.   Avoid free advice as it often end up being the most expensive kind.

13.   Evaluate the building's cash flow.

14.   Make sure the purchase makes sense even without appreciation.

15.   Find a reputable Kisumu real estate specialist.

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