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
Property is one thing that I am really keen on. People I know who've invested in property over the years have done pretty well out of it.
Property as an investment seems to make perfect sense. For one, you own an asset that should appreciate in value over the years. And then there's the regular rental income too.
I have been desperate to start my own mini property empire and this is how I ca... ››› more
When you buy an investment property chances are it'll be in a sectional title scheme.
Before you bought it, you made sure to check you could get a great rental income from it, that the price was good and the levies are low.
But a single rule written into law could turn this attractive investment into a bottomless pit, sucking in all your money. Let me explain…
How your Body Corporate c... ››› more
When you become the owner of a sectional title property, things work a bit differently compared to if you'd become an owner of a freehold property.
A sectional title property may come with many conveniences and a lack of maintenance on your part. This is what you pay levies for.
But what about special levies?
Special levies can come with a shock factor that most homeowners dread…
... ››› more
One question I always hear investors ask is ‘What area must I invest in?'
Recently I've had many people ask whether newly developing areas such as Waterfall City and Dainfern are good areas to invest in. Others want to know if it's too late to invest in Cape Town's fastest growing areas.
But in my opinion it's not so much where you invest but what you invest in.
You see, currently all t... ››› more
When it comes to buying property, it's all about the details.
Buying property is likely to be the largest purchase you'll make in your life and this is why it's vital you spend time going through the paperwork side of things with a fine tooth comb.
So what should you pay attention to?
There are two documents to concentrate on first…
Examine a property’s title deed
All proper... ››› more
When it comes to buying a property, you may have your sights set on a particular house in a particular area.
But if you have to stretch yourself financially to get it, should you?
Let's take a closer look…
The financial side of buying property
Living in a large property with all the mod cons, and loads of room and space may be a dream of yours. But if you’re going to have to pu... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
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.