Living in a complex continues to grow in popularity.
It has a number of advantages, such as on-site facilities and security. So if you're considering investing in a property in a complex to rent out, what should you pay attention to?
Let's take a closer look…
What to do if you want to buy a property in a complex
In many cases, when you buy property in a complex, you’re buying a... ››› more
If you're looking to invest in a property to rent out, it's vital it appeals to as many tenants as possible.
Depending on the condition of the property you purchase, it may be worthwhile making some changes. It could boost your rental income and attract more prospective tenants.
So where should you make improvements?
Read on to find out…
Give your property a lick of paint
Chanc... ››› more
Perhaps even before you start looking to buy a property, you should consider the financial side.
When you apply for a bond, the bank will take three things into consideration.
So what are these factors?
Let's take a closer look…
Getting a bond to buy your property
Banks look at three main aspects when assessing an applicant for a bond to buy a property. It’s worthwhile you’... ››› more
Property is a great long-term investment.
Chances are you'll see good capital appreciation over the years. And you'll have the monthly income from a tenant if you choose to rent it out.
So where can you pick up the best property investment opportunities?
Read on to uncover four options to consider…
Investing in property option #1: Buy in a new property development
If you want ... ››› more
A friend of mine just bought some property - cheap.
In fact, he bought this property from the bank as a distressed sale for 70% less than the developer is selling similar properties to other buyers in the market.
That's right, he paid R90,000 for a piece of prime real estate from the bank. Similar vacant stands like the one he just bought are selling for R300,000 in the same development!
... ››› more
If you want to start investing in property to rent out, it's vital to spend time planning.
Property investing involves a lot of outlay and commitment, so you need to ensure you know what you want to achieve and how you're going to get there before doing anything.
So what do you need to consider?
Read on to find out how to put together your property investment plan…
Your first ste... ››› more
Yesterday, finance minister Nhlanhla Nene gave his first full budget speech.
Amongst a whole host of changes, he advised of modifications to transfer duty. Transfer duty is payable when buying a home.
So what are the changes? And what difference will it make to you and your property investment plan?
Read on to find out…
What are the coming changes to transfer duty?
At the momen... ››› more
Buying a new house is an exciting venture, but there are so many things to do.
One thing that the majority of homeowners need is a bond. Once the seller of the property you want to buy accepts your offer to purchase, you need to sort out a bond.
So should you look for a bond yourself or make use of a bond originator?
Here's why you should opt for the latter…
Why do all the leg wor... ››› more
Finding the perfect property to buy is only half the battle.
Once you've submitted your offer to purchase and the seller accepts, there are a number of things that need to happen before you'll get the keys to your property.
So what does this entail?
Read on to find out…
Get a bond for your property
Once the seller of the property you want to buy accepts your offer to purchase,... ››› more
“Congratulations, your offer has been accepted!”
Those are the golden words in property investing. Especially if you offered below market value for an investment property…
But let's face it, if you're offering below the asking price of a seller you're not guaranteed to get your offer accepted…
In fact you'll most probably end up pacing the room, checking your phone every five minu... ››› more
When you decide to invest in property to rent out, finding a property that appeals to prospective tenants for the right price is only half the battle.
The next thing you need to do is find a tenant for your property. And you don't want just anyone renting out your property. You want to find a trustworthy individual who's going to treat your property with respect and pay their rent on time.
S... ››› more
If you want to make investing in property a business, you have a number of options.
As well as investing as an individual, you can look at a partnership, a trust and a company.
So what are the main differences between these options?
Read on to find out…
Four ways to start your own property investment business
#1: Investing in property as an individual
If you’re new to pr... ››› more
Investing in property is a huge financial undertaking. There's the deposit, transfer duty and a whole host of other fees and costs to consider.
So if you want to invest in property to rent out, how can you do it with less upfront costs?
Think about buying a property in a new development.
Read on to find out why this can be a great option…
Why consider a property in a new developme... ››› more
If you've decided to invest your cash into property to rent out, the first thing you need to look at is the type of property you're going to buy.
Your budget will probably dictate where you can buy, but there are some crucial things to weigh up before making any decisions. After all, investing in property is a costly venture so you need to ensure you're making the right choice.
So what shoul... ››› more
Once you've bought a property to rent out, the next thing you need is to get a tenant moved in.
If you decide to go it alone, without the help of a letting agent, you'll need to do a few things before finding a tenant.
One of the most important aspects is your rental agreement.
It's vital your agreement contains some specifics in it. Here are four of the most important points to include... ››› more