Investing in Property in South Africa
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- čas přidán 25. 07. 2022
- Investing in Property in South Africa
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Goodluck with #Investing in Property in South Africa 💰
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#propertyinvesting #Investinginflats #RenovationSouthafrica
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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.
Louis thank you so much for your videos and for ensuring that we are cared for. We deeply appreciate the time and the effort you put ☺️👑🍾
Thanks alot , this means more than you'd think. Glad it helps you out and hopefully inspires you a bit. Thanks for the support 😁
Thank you for an awesome video. One of the takeaways from your video was the fact that we can obtain the keys to do reno prior to the transfer. So in a best case scenario, the house can be completed and a tenant shortlisted just as the property is transferred into your name. This can save you a months rent which can go a long way towards improving the same house and getting a better refinance amount through sweat equity. Great stuff.
Thanks alot for your comment. Actually glad you noticed this. It can be a very good way to save money and time. As long as you have good lawyers that can confim that the deal is on order you can go ahead with renovations. Well done for noticing this 👏
Thank you for sharing, looking forward to see the end result
Like your videos,thanks
Appreciate it my friend. Thanks for watching. 💪🏻
Very informative
Thanks a lot my friend
Hey Louis first a I just want to wish you a very prosperous new year.Second I would like to ask if you can please make a video about the refinancing of a property.Thank you very much 🙂
Thanks my friend, I hope the same for you 🎉
You can check out this video I made.
czcams.com/video/kyCRtQQaiTA/video.htmlsi=S295qI1S_S1sTOfr
Or this one
czcams.com/video/P64KVoWqkC4/video.htmlsi=pAh7KWu5y4oci5s5
I also cover the strategy in my property course To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process
Baie dankie Louis
Iyo grootman, please make a video that teachs how to start a shares portfolio, what shares to buy, when to buy and how they pay out
Sure my brother, if you haven't already, please check out my investing playlist on the channel. Theres alot of good advice there. Let me know what you think 💪🏻
Great content,refinance vid up next ?
You can check out this one czcams.com/video/P64KVoWqkC4/video.html
Great video Louis, hope your renovation went well (or is going well). Any advice for a good source for checking property valuations in order to determine if you are buying above or below market value?
Thanks Jacques , luckily both renovations are done and the flats are rented out.
I use TPN investor reports and Property evaluation reports. Its about R35 per report and it shows you the market low, and high price aswell as the estimated value. I will also try to compare similar property prices to the one I am interested in. You can do this on property 24 or you can use" pocket let" to compare the prices. Lighstone is also a good option for comparable sales but the reports are much more expensive .
@@louisreynhardt thanks a mil Louis, appreciate the excellent and comprehensive answer.
Great Video, please do a refinancing.
Thank you very much, means alot.
Have a look at my beginner refinancing video where I explain a bit more, let me know if you have any questions on that video : czcams.com/video/kyCRtQQaiTA/video.html
Assalamualaikum .. anyone looking to borrow money can PM .. terms & condition applied ✅ click on my page you see the company WhatsApp number
DANKIE,
Plesier my vriend 💪🏻
Thank u bro yes wud love to.learn the refinancing model
Awesome, will make sure to film a video about this 💪🏻
Check out my refinancing video I made czcams.com/video/kyCRtQQaiTA/video.html
Hey brother what's better investing in gated communities or traditional suburbs? Looking forward to your answer
Hey man, it depends on a few things. The Locationand the numbers. You can get good deals in both. Gated communities usually have high levies that can affect your ROI. You can always buy freehold title properties in traditional suburbs and rent it out to more than one family to get a good Return.
@@louisreynhardt thanks for the tip it means a lot to me
Please make a video on refinancing
I've made the refinancing video after a lot of requests, so check it out and let me know what you think : czcams.com/video/kyCRtQQaiTA/video.html
Hi…interested in the refinancing video..thanks
czcams.com/video/kyCRtQQaiTA/video.html
Check out the refinance video I made.
Hi Louis. Looking at your figures on the this BRRR deal. You obviously have a monthly shortfall after all expenses are deducted. Probably close to R2k. Are you using refinance money to cover shortfall over next few years?
Also, how is that shortfall affecting your affordability for the next deal?
Doing my second deal at the moment and considering this option. Actually very similar numbers..
Thanks so much for the great content. Really appreciate it
Great question, So at the moment, there is no shortfall because I put the refinanced amount into my access bond, meaning I only pay more when I use it.
If I should use all the money the Shortfall with the current rent will be around R900. This specific deal has very low rates and taxes and levies and I manage the property myself.
But let's say the Shortfall was R2000 I could use the Refinanced amount to cover the shortfall for quite a couple of years. Ultimately it will affect your affordability but with the right structures you can still expand quite quick. As time passes and rent rises it should even out eventually. The idea would be to only use the refinanced amount to buy/pay for bond cost for another undervalued deal to repeat the process, hence its called BRRRR.
Hope this makes sense.
@@louisreynhardt GRRReat. Thanks for clearing that up. Sounds good. Think I might try my luck this time round.
Pleasure my friend. Let me know if you get stuck somewhere 🚀
Hey Louis, Do you have any tips on hands off property investing? Like any websites for S.A for that?
Hi there,
Brick and mortar Property investing is definitely hands on. The options that you have is maybe investing in REITs, you can google about this to see if you might be interested in this strategy. Its basically where you invest in shares of a trust that owns property. The other option would be easy properties. Although this is hands off its not necessarily the best i investments. Have a look on my channel and search for easy properties videos .
@@louisreynhardt please do a video on it. Or send a link here please
@@taykeelenya watch this link first : czcams.com/video/r8Ym3HAmBBg/video.html
Then this one 2nd: czcams.com/video/RFOOAv5Vq-Q/video.html
And this one last :czcams.com/video/ubGvuzf0Mdc/video.html
What funds do you use for renovations,excess bond or personal savings or company or property trust
I use refinanced money that sits in my access bond. Once its needed, I will use only the necessary amount.
So in a case where one is starting and the first project is cash,the best way is to buy the property must be under the family trust or a registered company?
@ludumohempe7383 yes, you will be using a property trust. Your family trust us used for paid of assets. Meaning if you buy something cash
@@louisreynhardt thank you
I’d love to learn about the refinancing strategy
Awesome, Refinancing is a great way to grow your portfolio. I will focus on making a video about this in the future.
Check out my refinancing video czcams.com/video/kyCRtQQaiTA/video.html
Please make a video on refinancing of property. All other videos are for U.S. market. Doesnt clearly help
Sure thing, will definitely focus on making a video about refinancing. Thanks for watching
Check out my begginer refinancing video , let me know if you have any other questions czcams.com/video/kyCRtQQaiTA/video.html
Please do a refinance video
Hi Mahlatse, I made one, so have a look at this link. Comment on that video if you have any questions
czcams.com/video/kyCRtQQaiTA/video.html
Hi Louis. The link to the "Easy Equities account" no longer works. Do you have an alternative link?
Unfortunately I cant seem to find a link that works anymore. Otherwise you can just download the app and sign up normally. Sorry about that
@@louisreynhardt What is the app called?
Its called "easy equites"
@@louisreynhardt Baie dankie vir die informasie en goeie videos.
What is the best way to market a rental property?
You can either use an agent or you can advertise on Facebook marketplace (agents also advertise on Facebook)
Good day Sir can you please mentor me. I want buy my first rental property and it's my first time buying property
You can send me an email at louisreynhardt@gmail.com if you have specific questions I can help with. I do offer mentoring sessions at a cost to serious investors.
Great work but l would like to know how much did the property cost
This specific property was listed for 400k, I bought it for 310k and the estimsted value is around 450k
@@louisreynhardt Where is the property located? The reason for the question is I want to know if areas like Berea, Hillbrow and Joburg CBD are great investment for renovating and renting.
@@sizwesethufutshane8228 Thanks alot. This was in Bloem CBD.
JHB, Berea and Hillborw area can work well for cashflow investing. I wont necessarily suggest renovating in such a fancy way. Maybe painting and fixing broken stuff is more than enough. Your target demographic in those areas are lower income earner who generally just want a safe and clean place to stay with working apliances and hot water etc. Hope this helps
Hi Louis I've been thinking of buying a two bedroom flat at Pretoria especially Sunnyside. Do you think it's a good idea? And how do I check that a property is a below market value?
Hi @@kabeloprecious7199thank you for reaching out. The best way to see if a property is over or undervalued is by using a property investor report on TPN. Cost R35 to draw the report but highly recommend doing it. It depends whether you want to live in the Property or rent it out ?
It would be nice if you could go in depth on the refinancing part of investing
You will appreciate this video , I explain refinancing a bit more in detail here czcams.com/video/kyCRtQQaiTA/video.html
It coast R350 000.00
Refinance video
czcams.com/video/kyCRtQQaiTA/video.html I made it so check it out and let me know if you have any questions
Numbers please. Reno cost and value/rental increase?
Property purchase was R310k, property was listed for R400k.
Rent was R3000 before reno and R4100 after reno
The property was registered for R450k.
Reno cost was around 20k , and I refinanced for R435k, meaning the equity position was R125k less reno cost of 20k = R105k + R1100 more on rent per month.
Sorry for late reply. Very impressive numbers congrats!!
No stress, thought I'd share that the rent has since increased to R4500.
Damn the house looks dirty
It was really really dirty 🤣
Nothing a little cleaning and renovation can't fix.
I have property to but butno money to buy please help me
Sorry, Just restate your question?
Refinancing please!
Thanks Jeandre, will definitively focus on making a refinancing video.
Hi Jeandre check out my refinancing video czcams.com/video/kyCRtQQaiTA/video.html
Where is this building situated
It's in Westdene area in Bloemfontein, why?
@@louisreynhardt looks very familiar. LL Park? got a 2 bed unit there. Nice Video, will be following.
Thanks alot man, might be the same developer. This one is in kellner Street. Thanks for the support.
Love your videos, how much do you think this renovation might cost you? Just your opinion and would love to see your final video with cost when it's all done. 🙏
Thank you very much for watching. The budget for the renovation is around 30k. Will share the final amounts once everything is done.
@@louisreynhardt Real appreciate you taking time to respond, you're God sent. I have a similar project I'm busy with in Gezina, 1 bedroom apartment, need to replace the whole carpet with tiles, kitchen and bathroom need full renovation too. A buy to let, got it on auction.
Dont buy property. It is a trap.. you will pay for bond and then the transfer. To sell you will pay the agent 8% to 10% overall value. You will pay at leat adding the mrgage cancelation cost with intrest. R300000 extra ON A PROPERTY OF 1.4MILL. NOT WORTH IT.
Hey man thanks for sharing. It sounds like you had a bad experience with property. Its very true that the banks will always win when you try to sell a property early. Its always a good idea to understand you strategy. My personal strategy is to never sell any properties. If you want to find out more hit me up.
Which agent charges 8-10% lol? Thats insane. Here in the netherlands agents charge 1-1,5% only
Hi Louis, just came across your channel. I'm busy assisting a friend who's trying to sell a block of flats in Joburg for below the market value. Please let me know where I can contact you if you're interested or have any investors that might be interested, thanx.
Hi Edmund, Thanks for reaching out. You can definitely send it through. You can send me an investors presentation or pitch with all the relevant info to louisreynhardt@gmail.com and ill have a look at it.
Thanks
@@louisreynhardt Will certainly get in touch, thanx.
Pls let me know how to contact you
You can pop me an email at louisreynhardt@gmail.com 👊🏻