I BUY These Properties in South Africa
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- Опубликовано: 2 дек 2023
- I BUY These Properties in South Africa
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DISCLAIMER: I`m not a financial advisor and hence the content of these videos are for educational and entertainment purposes only. Investing is a risk related practice and should be approached carefully.
![Gunna - today i did good [Official Video]](http://i.ytimg.com/vi/ulGLk8TaXcI/mqdefault.jpg)
Totally agree with this, purchased a property last year, sale price R1.5M bank evaluation if in good condition R2-2.2M , area supports R2.2-R3M.
I get access to equity as per registration to R300k which means I have capital available to get another property based on the income stream of the current property. Rented out R25k.....within 3 months.
Reason, person emigrated, they rented to their family who didn't pay anything and never kept property and were looking mighty unhappy whenever anyone came to view.
Wow, interesting. Thank you very much for sharing. Finding distressed sellers is probably one of the best ways to make money, mitigate risk, and gain as much as possible. Well done 👏🏻
So informative. Im 29 and work as an accountant and looking to invest in property. Although, statutory and tax wise I am informed. The detailing in this video is broadening my perspective! Thanks.
Thank you very much. Your comment means a lot. Im sure my other property related videos will be just as beneficial. Thanks for supporting the channel.
Hey man, i could definitely use a mentor in this space, i am looking to start investing in property in South Africa, how can i get hold of you
Hi Deon,
You can pop me an email at louisreynhardt@gmail.com and we can go from there. Thanks for watching 👊🏻 😎
Steady. Paced. Great South African. Danko!
Thank you for watching 🙏🏻
Hey, your videos are GREAT. As a young guy, I've watched a lot of your video and you've taught me a lot. More than all my years of schooling. Keep it up!
What a great compliment. Thank you for watching. Check out my latest video that was released tonight. Im sure you will enjoy it 💪🏻
You said Whats up Louis it’s guys here 😂🙌🏾
🤣😅😅
Always great intro😂
That had me on the floor
@@louisreynhardtabsolute legend
Just subscribed, very informative
Welcome to the channel my friend 💪🏻💪🏻
Great advice right there, mate 👍 .
People can make a lot of money by considering fixer uppers, only if you'll fix it and rent it out though 🤔. Flipping and selling attract a lot of taxes as it is considered trading by SARS. So it's advisable to talk to a TAX Attorney about this before doing it.
In terms of buying properties that are fully paid off, well, couldn't agree with you more . I've came across these properties for about three times, the real estate agent will say " it's on the market for the 1st time in 45 years " . All of them were in good locations but in bad conditions, they all had the original finishes, plumbing and electrical wiring.
So I said to myself ,"Well let me wait at least a week or two before doing anything". Three days later, they were gone😮.
Great stuff. Thanks for sharing. You make some great points. I believe that your comment will be valuable to other subscribers and watchers. Thanks for sharing. Keep it up. 💯
Just subscribed. Absolutely stuff you do on this channel mnr🎉❤
Welcome to the channel my friend 💪🏻 thanks for the support 🙏🏻
Louis, thank you for this channel. Completely transformed my way of thinking. 👏
It's an absolute pleasure 🙏🏻 🙏🏻
Hello I'm a 14 year old from gauteng when l invest in real estate in the near future l would invest in SFH normally 3bed 2bath
So I would just like to know what is the best investment strategy for Sfh , rental, lease options matrix?
i'm 15, nice to see a teenage here
Im super impressed to see someone so young watching these videos. Well done. Keep on learning about these things, and you will be very successful one day.
I would say SFH is a safe investment but more focused on longer-term growth. If you want to generate money, use Multi lets. If you want to park your money, use Sfh
If you want to pop me an email at louisreynhardt@gmail.com 👊🏻
Keep on learning my friend you will be very successful one day.
Hiw am i only finding this channel only now. M learning alot here. Thanks bro
Welcome my friend. Hope you can continue to learn 💪🏻
I found out about this channel last week... I'm sure the algorithm is favouring him and I'm all for it
Do you recommend buying a property in this current economic climate of high interest rates? My thinking is that high interest rates discourages more buyers from entering the market, thereby driving down demand and reducing the overall prices of houses (i.e a buyer's market)
You are 100% right. Buying now can create a lot of opportunities because a lot of people are flat broke because of high interest rate debt... if you plan to hold onto property for the long term, you can buy any time as long as the deal makes sense.
Seems people forget when interest rates were 27% between 1997 - 1999. So many people lost their homes and many properties and developments, whole unfinished townhouse complexes were reposessed by banks, so many, that you could pick and choose for a song and a dance, and still make your offer inclusive of all costs once the bank had bought them in on the auction. Those who bought their PIPs, properties in possesion during 1999-2000 have had an eight to nine-fold increase in their property values. One thing is for certain; if you look at the gold/silver performance charts over the last 100 years, property has way outpaced both comodities. Remember property will give you a pension for life while the value of your property/capital will continure to increase if you manage it safely while your income will always keep pace with inflation. Look at the interest rates in Zim where if you want a property, most pay cash because of high interest rates. If the interest rates go up, property values start coming down per every interest rate increase.
Great advice, thank you
Hi Louis as far as neglected properties are concerned you said the property was listed for R600000 but you would buy it for R500000. How do I maneuver a reduction like that do I negotiate with the agent?
It takes a bit of experience and knowledge of the markert in that area. I would say make a cheeky offer, the owner can only say yes or no. Everything in life is negotiable.
Louis, jy is ‘n yster bul. Well done
Dankie champ 🏆
Very infotmative & im learning alot. I just subscibed yo your videoe.
Welcome to the channel my friend. Hope you can learn a lot more 💪🏻💪🏻
Thank you Louis - great content! Looking at Property 1 my immediate thoughts are that the renovations will cost a lot more than 50k?
Thanks for sharing. It probably depends on the level of renovation but working with 10% of the value of the property can be a good rule of thumb.
What do you mean register the property with after repairs cost? Won't it be registered with the price you paid at the deeds office?
You can register it at a higher value to refinance later on. You just need to register it at a realistic price and tell your bond originator 💪🏻💪🏻
Hi Louis, how does the refinancing work?
For eg you take out a loan for 1 mil, buy a house ect and then refinance it after 6-12 months for 1.2 mil for example
Does the bank then "loan" you the difference (200 k) since you alrewdy have the loan for the 1 mil?
(Obviously your bond payment probably increases since the loan amount increases)
Estian, you are 100% correct. I can only add that when you receive the R200k, you can park it in your access bond, so then you dont have to pay for the higher bond cost. Only when you withdraw or use that money the bond will go up.
Great video, buddy. Keep them coming. Which site can I use to check the property value, please?
Thanks a lot my friend appreciate it. You can use TPN's investor reports 💪🏻
Hey suppose you buy low, then as in the case of Covid or other macro or micro economic changes happen eg interest rates hikes and thereby causing properties to be expensive than they should be.
How do you maybe recover from that or matrix involved in recovering the costs….or it’s a matter of sticking to equity building but no cash flow?
I would say equity is more important, but equity combined with cash flow is very powerful. The short answer is to just make sure you always hav a healthy reserve to cover your shortfalls, especially in high interest rate environments. You can use your equity to cover your shortfalls
this is a great video for the layman. lekker one
Thanks my friend I like to think so too. Thanks for watching 👊🏻
Great video Louis,
But if I may ask, who decides on how much the property is registered for especially in cases where the property is bonded?
You can decide the registration amount as long as it is realistic. The only time you might run into some challenges is with the refinancing part.
You cant for example register a property that is worth R500k for R2m just because. It. Needs to be realistic, so for example, R600k or R700k
Hi Louis. I am busy buying a house for R395k. When and how do you register it for more? I got the property for 100k less then the asking price.
Well done,
This should happen in the start of the process once you are granted the loan. When you receive your final grant this should be done.
Louis, at 3:48 you say " you register it for its after repair value" please explain furthr. My understanding is if the property is for sale R600k and I buy for R500k, I register the property at R600k to access the R100k value. But with your suggestion, how do I register it for its after repair value considering timing? I think I am missing something.
The after repair value is the value above the market price after you have repaired or renovated the property. If a run-down property is worth R600k and you buy it for R500k, you can register it for R700k. This R700k is the after repair value after you fixed it up again. You are basicly forcing appreciation with renovations.
Thank you for the explanation@@louisreynhardt . Do i negotiate this with the transfer attorneys or do i register at the 500k then reregister after rennovations?
@Pfumoreropa this is very important to do before you register. This is something you can tell your attorney or your bond originator before the registration process starts. Also, confirm it with a Grant showing the registration amou t.
Why is it important to register the property for more than you bought it for?
Because you can always refinance it later and get access to equity for future investments or to use as reserves 💪🏻💪🏻
Just subscribed🎉
Welcome to the channel 💪🏻💪🏻
Hi, I'm interesred in your property course. How can i join?
To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process.
Looking forward to have you on board.
Wow Louis stunning info
Thank you for the feedback and for supporting the channel 🙌🏻🙌🏻😁
I want to enroll in the course please
Sure, you van follow this link or pop me an email at louisreynhardt@gmail.com
To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process.
What's up louis, its guys here😂
😁😁😁😁
I told by bond attorney, didn't register my bond at higher value, tht I requested, how do I correct this.
Unfortunately, you will then have to pay registration costs again to register it at a higher amount.
@@louisreynhardt thanks Louise
Hi , I'm interested in your property course which I already checked out on the website....so I wanted to know if there's some kind of a certificate that you get when you are done or not ?
Thanks for reaching out. Yes, you get a certificate when the course is completed. However, this is not a certificate that can be used for a job application or something. It's just to show that you have completed the course. However, the value that you get from the course is worth much more than a certificate. 💪🏻
Again, Pinch of salt. But, thank you so much for all this info. ❤
Im Afrikaans, my english is below average clearly, haha . Thanks for watching 💪🏻
@@louisreynhardt Your English is far better than my Afrikaans. I was just joking. Thank you for very informative videos. 🙏
How to check the market value online?
You can use comparable sales on property 24 or draw A TPN or Lightstone report 💪🏻
Please consider my property course as it holds a lot of value and important information. The reports is also something I cover. This is the best way to learn all the necessary skills to be a successful investor.There is also a mentoring option available which is the most popular option.
To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process.
Hi Louis
I bought a house. Paid off. How do I refinance now that its in my name and fully paid?
If the bond is closed, you will have to register it again and pay for the cost. I always advise keeping the bond open so that you have access to the money in the access bond. Hope that helps.
@louisreynhardt Yes, it does. Thank you.
I'm sitting with R800k cash, I don't want buy a flat and rent out. I feel the returns are not good. What is the best option?
I'm in the same situation 😅
When using leverage, you can still keep your cash but control the property . Or you could consider traditional investments like bonds or fixed savings accounts.
Do a research on ETFs.
What is the site you use to view the history & area prices?
I use TPN's investor or rental reports 💪🏻💪🏻
Hi Louis. Please share a recommended option of rent insurance
You can check out Rentsecure.
Just to add to the comment. I don't use rental insurance, so I can't comment on the product itself. Hope it helps.
@@louisreynhardt thanks Louis for your response
@depo-vision7301 💪🏻💪🏻💪🏻
Whats up louis, is guys here?
Did you miss the mistake in post?
No its on purpose 🤣💪🏻
Louis, how or who do you register your properties to? Are you running the assets through your name or a company or a trust?
Hi Jordan, I learnt from his previous videos that he uses a trust. His advice was to never put anything in your name.
Majes me happy that you can now share this knowledge with others. Well done 👏🏻 ✔️
I use Trusts and CC. Its not a great idea to own any of these assets in your personal capacity.
Where can i find cash buyers?
They have to find you unfortunately. Unless you advertise your property for a cash only sale
@@louisreynhardt oh okay, thanks
Why don't we have this style of financing in Nigeria?
Do you mean refinancing or what part ?
Refinancing and leveraging debt, wealth building without these financial products is difficult.
@jamesyankins6429 Can't believe they don't implement these tools. So you mainly have to use cash or large deposits?
We do have mortgages but investing in real estate in Nigeria is for the super rich and for corrupt politicians to hide the money they stole in office. The mortgages are over 15% annually which they collect monthly but we pay our rent in Nigeria yearly so it's not ficible for the average man to use these mortgages, we have to save up to have real estate investment in areas without good pricing.
You should do content on how foreigners outside south African can invest in real estate in your country.
How can I contact you ? cuz I want to discuss about a business with you
Pop me an email at louisreynhardt@gmail.com 👊🏻
R600 000, in which province?
This was in Bloemfontein 💪🏻💪🏻
lets go
Lets gooo 😎👊🏻
Was that intentional guys? 😂
😁 Yes, just to grab some initial attention 💪🏻
@@louisreynhardt it definitely worked
Hello Louis
Do you have an email that i can use , just want to write you a question. Regards
Hi John,
You can pop me an email at louisreynhardt@gmail.com 👊🏻
Hi , iwas in stitches ! listernining to your intro , LOL!! Can i contact you via email, i would like to get your opinion on something.
🤣🤣🤣 you can pop me an email at louisreynhardt@gmail.com 💪🏻