Buying your first Property | South Africa
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- čas přidán 8. 07. 2022
- Buying your first Property | South Africa
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Goodluck with #buyingproperty 💰
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#Investing #RealEstate
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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.
Would you invest or live in a property like this ? Do you think owning you home is a liability????
Thanks once again for a quality video and very easy to understand. Definitely one to rewatch.
Thanks for watching. Really appreciate the comment. 💪🏻🇿🇦💸
So informative. Thank you for breaking things down and making it easy to understand.
My pleasure, thank you for watching :)
Hi Louis, will be buying my first rental property soon. Thank you for sharing your insights and experience. Keep it up!
Hi there, Thank you for watching. Excited for your part. Buying your first property is very exciting! Enjoy the journey. Feel free to ask for help if you need any.
I’ve learnt a lot from your content, thanks for sharing 🙌🏾✨
Oh wow 🇿🇦🤩thank you for your comment. You motivated me to start my channel. I actually mentioned you in this video. Love your content : czcams.com/video/y-wOR92fSPE/video.html
Thank you Louis for giving us such an information
Pleasure, thank you for watching 💸 🚀
Louis, this was one of your best videos... Thank you and God bless you bro
Thanks Bevan, Really apreciate the feedback 😎🙏🏻
Thank you very informative video..🙏🏾
Thank you for watching, glad you liked it 🇿🇦🚀💸
Thanks this is valuable information!
I'm glad this info could help you out. Thanks for watching.
This is really valuable information, thank you
So glad to hear this 🙌🏻
Hi Louis... Been following you a while. Like what you share and how easy to understand you make it. Where do I find your spreadsheet?
Thabk you very much. Appreciate the feedback. You can pop me an email at louisreynhardt@gmail.com
I like your videos. I own a few rental properties and recently refinanced one of them through the bank. It’s really great work.
Thanks so much Chadley, glad to hear you refinanced successfully. It can be a really powerful strategy 👏
@@louisreynhardt Yes it’s truely a powerful way to leverage. It took me two years to buy four investment properties when I started my property investing journey.
Hi Louis this is very powerful content to get started. Where can i get the spreadsheet ? I’m definitely going to follow you and would pretty much watch all your videos
Hi Jason,
Thank you so much for your comment. Glad that my content can help you. I granted access via email but you use this link again if it doesn't work.
docs.google.com/spreadsheets/u/2/d/1LwsYmAbBQB7m8OON_uzAEzNhTdUheYwh/htmlview?userstoinvite=macobajason@gmail.com
Good day broski , hope you well. Appreciate you giving us knowledge. Please share the link for the excel template. Would Appreciate that alot.
Hey man, thanks a lot for commenting. I'm glad you enjoyed the content. You can join my cheapest membership option to get access to these sheets 💪🏻💪🏻
The rand also keeps devaluing so you need to calculate that loss as well
Of course, you use inflation with internal rate of return calculations.💪🏻
What about maintenance? I calculate 2% of the property’s value as yearly maintenance. If I don’t use it I put it on my maintenance savings account.
Thanks for sharing. That is great advice. I do not include repairs as a monthly cost, but before I buy a property, I save up 10% of the value of the property for emergencies such as repairs, rate increase, etc. Your way is also a great way to do it, as long as you budget for it.
Hi Louis, Where can i get the Excel Sheet?
You can pop me an email at louisreynhardt@gmail.com 👊🏻
I'm 24 in jhb recently discovered & subscribed to your channel I've gathered around 350k but I have no employment history or registered business and I'm looking to buy property what's the best advice you can give I would really appreciate it.
Thank you for your subscription and support. Congrats on saving a large lump sum. You have a few options. One would be to buy a small flat Cash for around 250k, use 50k for transfer and registration and use 50k for reserves. This can be risky if the property that you bought doesnt cashflow or put money in your pocket every month. The other option would be to get a 9 to 5 job and build up a good credit score for around 6 months, from there you can try to finance a property and use the banks money and use your 350k as a reserve using this option will help you grow your portfolio much quicker. The last option would be to partner with another investor . While you are thinking of buying property, remember to learn and read as much as possible, have a look at some of my other property videos to get as much insight as possible. Hope this helps 🙏🏻
what are your favorite books relevant to investing in real estate in south africa
Hi Reeco,
Theres not alot of books about Property in Sa. I would recommend all the books of Jason lee, also Laurens Boels book. Thats about it, theres a view books that touch on the subject but doesn't go into to much detail unfortunately. You can definitely read Robert Kiyosakis Rich dad poor dad books and Brandon Turners books 💪🏻
can you share the spreadsheet. Thanks in advance.
Hi there, Sure to get access to the soreadsheet, you can join my lowest tier membership.
Regards
Hi Louis, Where could i find the Exel Spreadsheet?
You can use this link, ill give you access once you request. Thanks for watching
docs.google.com/spreadsheets/d/1LwsYmAbBQB7m8OON_uzAEzNhTdUheYwh/edit?usp=drivesdk&ouid=110854192015596925630&rtpof=true&sd=true
@@louisreynhardt Thanks for sharing the sheet , very valuable vids , well done for the valuable info sharing thanks very much
Where can I get this Excel sheet?
You can pop me an email at louisreynhardt@gmail.com 👊🏻
Where will i be able to download that Excel sheet?
You can access it for free with this link : docs.google.com/spreadsheets/u/2/d/1LwsYmAbBQB7m8OON_uzAEzNhTdUheYwh/htmlview
Just request access
@@louisreynhardt Thanks this will help a lot
This was very insightful!
I want to find out, if I want to acquire a property in an area that I don't live near to, how would I go about dealing with the tenant needing repairs other stuff that would require a "hands on" landlord.
Is there property management or people who would deal this on my behalf?
Hi Pamela, glad you liked the video.
Great question, first of all its definitely possible. The quick answer would be to get a good team on your side, ie a good contractor, plumber, electrician, and offcourse a good letting agent. This is something you build up over the years. A good start would be to speak to well known investors to get recommendations. Once you know you can trust someone everything can basically be done over phone calls and whatsapp.
Thanks for amazing content. What is the minimum RIO one should consider?
Thanks man,
Depends on what type of Property you are looking to invest in. Gross return for student accomodation should atleast be above 15% and for normal flats 12%
With higher interest rates you can now get a 2 year fixed rate savings account with 10% return basically risk free so it should atleast be better than that 🚀💪🏻
@@louisreynhardt makes sense. Thanks for the reply
A 78 000 equity position in this deal makes the Loan to value sit at 75% right?
Hi there,
The LTV is determined by the actual loan/finance taken out. Meaning that if you buy a property for R500k with a R78k euquity position and finance it for R500k the LTV is 100%. You will still finance the equity portion to get access to it later on.
The LTV is determined by the offer price. If you put down a 25% deposit then the LTV is 75%
How can one get ahold of you, for starters
You can pop me an email at louisreynhardt@gmail.com 💪🏻
can i please have the evaluation Excel template?
Hi Robert
Sure, you can get access to the different sheets when you join my lowest level membership. Let me know if you have questions.
Regards
@@louisreynhardt How do i join the membership?
When you click on a video to watch underneath, it has an option that says "Join" and just follows the steps
@@louisreynhardt Thank you
@@louisreynhardt I did join. Paid now i don't see the excel sheet in the membership section
Can you withdraw each month of your equity for exp.. You buy 1m rand house equity persent is 3.25% then you withdraw each month 1.5% of that equity and stil have 1% equity groewing each month
Equity is not interest
In short, you can withdraw equity every month, but it will eventually run out if you keep withdrawing. It's not like interest from a savings account
@@louisreynhardt so your investment property equity wont become more each year agv inflasion
No, it won't. Only if you pay off more on the bond or the value of the property increases.
@@louisreynhardt but how do you make money or make a good living from an investment property then how do you make money off the property each month that would benefit you.
And if you can make a exp for what you couldt get each month when investing in a property
@@louisreynhardt and one more question were do you go to withdraw that equity in the property each month
Hi what's your email address Sir🙏
You can pop me an email at louisreynhardt@gmail.com 👊🏻 👊🏻
Hi Luis, is the spreadsheet available anywhere?
Yes, you can pop me an email at louisreynhardt@gmail.com 👏🏻👏🏻