What does it take to become successful in the property investing field? What are the prerequisites for property investment success?
Successful property investors are more than a little savvy. They share the following characteristics.
1. They have in-depth market knowledge
In order to predict changes and be prepared for the unexpected, successful property investors put a lot of time and... ››› more
With high property prices and the cost of living on the rise, the prospect of your children buying their first home may seem like a pipe dream.
So what if you were in a financial position to help them take their first step onto the property ladder? What are the options?
Let's take a closer look…
Three ways you can help your child buy a property
#1: Speak to your bank about becom... ››› more
If you have a long-term investment portfolio, property should form part of it.
But investing in property doesn't mean buying property yourself. There's a much easier way to do it. You can invest in real estate investment trusts (REITs).
So why should you invest in property through REITs?
Let's take a closer look…
Why invest in REITs
Chances are you’re looking for a quality as... ››› more
Any type of investment is a gamble, but property investment can also be suited to the risk-averse investors.
Before you invest in rental property, there are certain things you should consider, such as the following.
1. The expected rental property income
The bottom line is this: how much do you expect to earn from renting the property? This should be the motivating factor behind your de... ››› more
Whenever I speak to investors I hear “The property market is dead” or “Property is so expensive, there are no good deals out there”.
I recently read an article about a financial advisor who was telling investors they're looking at single digit yields if they invest in property. The article went on to tell them that the stock market is the ONLY place they should be investing.
That's ... ››› more
Becoming a homeowner is a big step to take, so it's important to understand what exactly it entails. The costs that come with home ownership can make you think twice before signing the agreement.
Before committing yourself to owning a home, you should find out exactly what the hidden costs are.
Here are the most common costs that you must cover when you decide to buy property.
Property ta... ››› more
The rental housing amendment bill has been tabled in front of the national assembly and passed. Now all that's needed is the passing of a resolution and for the president to sign it.
And as soon as that happens you, as a landlord, will have six months to comply with the bill or you could be held criminally liable according to the act - with up to two years jail time!
That's why you need to m... ››› more
Investing in real estate is a wise option for building wealth, but you need to determine how to maximise your investment to reap the full benefits.
One of the first things to consider when investing in real estate is to choose a property in a very good area, even if it requires a lot of repair work. You want to take advantage of sought-after neighborhoods because the area will be a key factor i... ››› more
This year, after several years of holding interest rates at historic rates, the South African Reserve Bank hiked rates 0.75%.
If you're a homeowner, unless you have a fixed-rate bond, this means your monthly repayments have gone up.
Nedbank says it's already seeing homeowners struggling with the interest rate hikes so far. So how much more can you expect to pay if rates go up in the future?
... ››› more
When you're dying to become a home owner but can't afford to using your own finances, co-ownership may seem like a chance to make your dream come true. But is co-ownership right for you?
To determine whether you should become a property co-owner, you must consult a solicitor and take into account various factors, taking into account the disadvantages of this type of ownership.
When you co-o... ››› more
For the majority of people who invest in property, they'll need the bank's helping hand for financing it.
But did you know if you don't have a credit history, the chance of your bank approving your application are nil?
So how can you get a good credit rating?
Read on to find out…
The first step to securing financing for investing in property is your credit record
The first thin... ››› more
Once you've decided to invest in property, the next decision you'll face is deciding where.
There are several factors that can affect a property's desirability for renting out. So it's vital you weigh up these factors so you buy the best investment property that you can afford.
So what factors should you look at before buying an investment property when it comes to location?
Read on to fi... ››› more
Buying property at auction can be a great way to pick up a property at a significant discount. And if you're prepared to do a bit of renovating, there are many bargains out there.
Yet a recent interview highlighted that there are some property auctioneers out there that aren't regulated and pose a risk to you if you buy at auction through them.
So what should you do if you want to buy a prop... ››› more
If you've built up a substantial amount of equity in your home and you want to invest in property to rent out, there is a way you can do this.
It involves releasing some of the equity in your own home and using it to put down on an investment property.
So how can you achieve this? And are there any guidelines to follow when you take this route?
Let's take a closer look…
Using your... ››› more
Chances are, the first property you buy isn't going to be your last. Over the years as your income and needs change, you'll need to move to a property that suits.
By buying property, you'll benefit from capital appreciation over the years. And you can use this increase in value to your advantage as you move home.
With the help of your home loan and the equity in your house, you can move up t... ››› 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.