https://v.redd.it/xtziec4f3hge1
created by Hellome7987 on 01/02/2025 at 06:37 UTC
51 upvotes, 14 top-level comments (showing 14)
Let me share with you some updates on Rent, Renovate, Furnish and then sublet to others at high charges.
We have added another unit, landlord wanted 1M per Month we negotiated with him for a contract of 3 year with possible renewal of 2 years so it's 3+2 where after 3 years he has rights to accept or decline our offer.
So we agreed to pay at 800k, and Upgrade we made some interior Changes and Full furnish the property we went out to Place in the market at 2.5m per month.
Its a 2 MB apartment with Parking space.
Take a look at it.
This is pure example of renting properties alongside CBD corridor where people consider worthless as the neighbourhood is Disappointing but when you play your cards well you can make it.
Let's keep sharing on ways to get involved in Real Estate with small capital.
Comment by AutoModerator at 01/02/2025 at 06:38 UTC
1 upvotes, 0 direct replies
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Comment by salacious_sonogram at 01/02/2025 at 07:14 UTC
6 upvotes, 1 direct replies
Good job. You hired someone or did the work yourself? You could probably make a business like this.
Comment by Horror_Associate_337 at 01/02/2025 at 07:12 UTC
5 upvotes, 1 direct replies
Is the rent 2.5M per month now? Didnt understand that part
Comment by OneRemote9010 at 01/02/2025 at 11:55 UTC
4 upvotes, 0 direct replies
Worth the 2.5M rent.
Comment by ProperTradition5378 at 01/02/2025 at 06:47 UTC
2 upvotes, 1 direct replies
Do you do this in Dar? Dm me
Comment by Big-Fish-420 at 01/02/2025 at 07:23 UTC
2 upvotes, 1 direct replies
OP, first of all congratulations. Secondly, what counts as small capital? Feel free to DM if hesitant to reply publically
Comment by Holiday_Rabbit_3808 at 01/02/2025 at 18:50 UTC
2 upvotes, 1 direct replies
I am super impressed.
But how is it possible to squeeze all that in a 4-5M budget?
The TV, Sound system, AC, Washing machine, Range cooker, Furniture, Wainscoting on walls?
What happens when you've spent 15M to secure the apartment + renovation and get no tenants?–Or worse, the tenants lowball you on the rent.
Comment by IBENGM at 01/02/2025 at 07:20 UTC
1 upvotes, 1 direct replies
Wow! Amazing...how much did it cost to renovate?
Comment by potcubic at 01/02/2025 at 07:47 UTC
1 upvotes, 1 direct replies
How much did it all cost?
Comment by OkCod4636 at 01/02/2025 at 10:02 UTC
1 upvotes, 0 direct replies
great job OP but from your first video i think i got motion sickness
Comment by imboredatwork786 at 01/02/2025 at 10:03 UTC
1 upvotes, 1 direct replies
If not mistaken you must have spent around 5 to 7m tsh on the renovation approx
Comment by Dairy_land1 at 01/02/2025 at 12:24 UTC
1 upvotes, 1 direct replies
Unnecessary large windows in the bedroom that you can't use as a walk . And 2 of them kwani mnatafuta baridi
Comment by pop0bawa at 01/02/2025 at 16:07 UTC
1 upvotes, 1 direct replies
Great work
Comment by Hellome7987 at 01/02/2025 at 18:38 UTC
1 upvotes, 0 direct replies
I use Pinterest. Find any Fundi ensure you monitor them all Fundi's are Equal it's your Supervision that will determine the quality of the Job.