Ngong Hills Agency

When you invest in residential real estate, you are getting more than a home or a piece of land upon which to build a home. Real estate investment has become a popular way for people to make money, and it is not uncommon to buy a house or land without any intention of living there. Some people simply buy and hold property, waiting for it to appreciate in value before re-selling it. Having cash for a down payment is the quick and easy way to enter the real estate market, but it's not your only option. Many people have found ways to start investing in real estate with little or no money of their own. Options include borrowing money as well as a number of more unusual and creative paths to ownership. This article explores some of those paths. Investing Without a Down Payment ·          Look into seller financing. If the seller is motivated enough, s/he may be willing to make it easy for you to purchase by giving you a loan. You could offer ...

Kenyans and non Kenyan can own property in any part if the country. Property can be acquired on freehold or leasehold basis. A freehold title gives the owner absolute proprietorship over the land in perpetuity. While Leasehold property is held on a government lease for a specified period, usually 50 or 99 years. At the end of this period, the landowner applies for an extension of the lease, which is usually granted. The extension process takes approximately 6 months. Both freehold and leasehold land is subject to local authority rates which is usually a fraction of the unimproved site value. However, leasehold is further subject to Land Rent, based on the size of the land. The institutions for Registering Property in Kenya have a mandate to enforce and implement various aspects of the land and real property laws. They include; Ministry of Lands, Responsible for development of national land Policy Lands Registry, mandated to register property in Kenya Nairobi C...