Three reasons you should consider rental property
Rental Property Benefit 1: Find the right location and increase your property value
When choosing the location for your property
investment make sure you buy a property
in an area where there is high demand for rental. Choose areas close to the CBD, near universities or close to shopping malls.
This will ensure that you don’t struggle to find tenants and that your property
value increases over the long-term. When you eventually sell your property
, not only will you have made money off the rental income, you’ll also receive a decent profit from off your initial purchase.
Rental property Benefit 2: Create a stable monthly income
As soon as you put a tenant into the new property
you’ll start generating a monthly income. Make sure that you put most of this income towards the bond, save the rest in a separate bank account that you can use for renovations and maintenance.
Make sure that you have a clause in your rental contract that stipulates that you will increase the price of rent by 10% every year. This will help you to keep up with the rising cost of inflation and that you’re never left with too little income to cover the day to day management expenses associated to the property
Rental Property Benefit 3: Take advantage of the tax benefits
When you rent out a property
, there are certain tax advantages that you can claim for. Keep strict records of all your expenses related to the property
investment. This way, you can claim back your expenses from SARS when you submit your tax returns every year.
If you’d like to find out more about investing in property
, then you must read Francois Joubert’s report, Become a master property
investor in 90 days.
Become a Master Property Investor in 90 Days
shows you all the secrets of buying property
with no money down. This way, you can acquire good properties without putting up huge amounts of your own cash. This is crucial to your property
In Become a Master Property Investor in 90 Days,
Francois Joubert reveals how you can do it quickly and safely by:
Knowing exactly how much money you really need
Getting your property financed 100% by an institutional lender
Getting a loan on great terms even if you’ve had a bad credit rating for years
Plus, you’ll discover the secrets of price inflation, overvaluation, obtaining a rebate from the seller for repairs and much more…
Francois Joubert will also reveal some clever ways to increase the value of your property
between the time of the contract and the closing of the deal. Plus ways to avoid tax...