Property buyers have more negotiating power - Now is the perfect time to invest in property
In the last few years, investors buying residential property for investment purposes were struggling to negotiate the price of the properties down.
That's because higher property prices were giving sellers all the negotiating power.
But there's a shift of power happening in the markets right now.... ››› more
“Investing in property doesn't make money any more. I should rather sell everything and put my money in the bank.”
That's the words of a friend of mine, Jaco, whilst we spoke about property investing the other day.
Jaco owns a number of properties but feels that he's not making enough money from them to keep on bothering investing in property.
The thing is, after investigating the ... ››› more
Whenever I look for a way to generate income, I ask myself three questions:
• How much is this going to cost me to start?
• How much effort will I have to put into this?
• How quickly can I make my money back?
These three questions are important. I know that most of us don't have money to waste investing in ideas that may, or may not work.
The good news is that I've done this... ››› more
Over the weekend I was speaking to a friend of mine. He just moved into a new area after switching jobs. While he's checking out the property in the area he's renting a property.
One of the issues he faced was a rental deposit - and this actually affected which property he chose to rent initially.
You see, because of tenants not paying rent, or damaging property many landlords have been fo... ››› more
Many homeowners can't afford to keep up with their bond payments thanks to the latest interest rate hike... And economists expect even more hikes over the next two years. That means there'll be an oversupply of properties on the market which means one thing - Bargain properties on the market!
You see, properties sold on auctions are about 30% cheaper than ones sold on the open market!
To fin... ››› more
Many investors are afraid of investing in property because they simply don't know how to get started and what to expect from their property investments.
The truth is investing in rental property is a great way to increase your monthly income and grow your long-term investment portfolio.
Today, let's look at three benefits of investing in property and why you should consider property rental... ››› more
Today's property prices are high and it's become near impossible to jump onto a property listing website and find a deal that's worth your time.
The best way to find under-priced property right now is at sheriff auctions.
But before you jump into action and race to the first sheriff auction to buy a property there's a number of things you need to consider first before you even consider buyin... ››› more
Igor Marinkovic is a self-made millionaire property investor who captivated the audience at the FSP Invest Symposium 2014.
But it's not his exotic name or thick Serbian accent that caught the attention of the delegates.
In fact, unlike the other speakers, he didn't even have a fancy PowerPoint presentation. He merely used two pages of a flip-chart paper to explain his simple, yet highly effe... ››› more
I made a grave mistake when selling my first property.
I had an apartment which was on the market for about six months. I wanted to sell it because it was underperforming the rest of my portfolio in terms of rental escalations. And due to certain changes in the neighbourhood it was in I didn't expect a recovery anytime soon.
So, when the tenant I had in the apartment made an offer to purc... ››› more
When I opened my emails this morning I received a message from Kel.
Kel wanted to know if I'm crazy. In short, I recently told you how Zuma plans to turn our property into his new cash cow.
There's the land valuation act as well as the new expropriation act that will be signed into law, and in combination these two pieces of law give the president, his ministers and government employees the ... ››› more
According to Stats SA 36,300 new houses was built in South Africa during 2015.
This has been part of a steady recovery since the 2008 crash.
But before you go out and buy the first best rental property you see first heed my warning…
You need to bring the interest rate risk into your equation
Looking at the vast bulk of property prices today it’s clear to me buyers simply aren’t re... ››› more
Government set their sights on you and me - on our personal property. None of us are safe from this new policy.
The mining industry has long been a target of government. A way for them to suck more taxes out of private business through royalties, profit on taxes, and by forcing mines to ‘create jobs’ which aren’t sustainable.
But with commodities prices as depressed as they ... ››› more
I can see the merits of investing in property. You buy property, you rent it out, you sit back and over the years watch the value of your property rise whilst receiving a monthly income from your tenants.
It's something I really wanted to do, but my lack of knowledge surrounding investing in property left me in limbo.
What I needed was a thoroughly comprehensive guide that would take me thro... ››› more
While such structural renovations will ultimately increase the value of your property, they are time-consuming and costly, and unlikely to make you real profit.
But with cosmetic renovations that cost below R100,000, you could actually increase the value of a R350,000 house to R650,000, making yourself a profit of R200,000 in the process!
1. Security is of vital importance in o... ››› more
I spoke to friend of mine who was duped by a dodgy plumber out for a quick Christmas bonus. You see, his geyser was leaking water. While he was at work, the plumber popped over to his place and “fixed” the problems.
When he got home there was an invoice for R5,000 laying his kitchen table. What? R5,000 for a leaking geyser?
After speaking to his domestic worker, my friend realised that... ››› more
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Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.