Buying your first property in South Africa / My Tips and lessons learned

Buying your first property in South Africa / My Tips and lessons learned

(If you can spend Hundreds of rands per month on Netflix/ DSTV you might aswell spend it on something usefull like Seeking Alpha)

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#firstproperty #buyproperty #investmentproperties

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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.

[louisreynhardt]

What part of the process dont you understand? Let me know and I'll try to help 🫶🏻

[xanderswart]

Great video Louis. thank you for explaining so well and help people who want to join the property investing bussiness

[umevisuals]

So veel flippen knowledge. Hierdie word so veel waardeer. As n jong man uit die township is dit swaer om te begin. Jy bring letterlik lig, waardeer jou Louis

[rayapupwing]

0:01 What's up louis, it's Guy LOL

[lukona_melento]

Hi Louis, may you please if possible make a video on how to negotiate down a property. Things that you normally consider to negotiate it down, e.g if the property furniture needs refurbishing. Thanking you in advance.

[SoftPorridge]

Wish i learned this years ago.
Thank you for the advise.

[fernandoskosana]

" never buy property in your name, make sure your have the right intities in place". can you please make a video about this.

[leratomotlokwa]

Just realized that I can but a flat in Bloemfontein in less than a year. Getting paid on commission is the only limitation if I want to finance it.

[lukona_melento]

Congratulations to you and your wife 🎉🥂.

Thank you for the video, really appreciate the gold nuggets.

[andriesbrink]

Hi Louis, I am 19 years old and have quite a stable income and want to start my journey with property investing. I have searched for quite a while for a properry investor in SA and you are the first, your content is very informative thus far. But I eill admit I am a noob in all this and have a few questions. 1. What do you mean by buying through an entity? 2. How much would you recommend to save up for a "startup" before investing?

[heinrichjansevanrensburg]

There is so much to learn, but I think what Louis is getting right is the “just START” idea. Just start and you will learn so much as you go as well.

If you follow a channel like this you are already on the right track. 🍃🧠

Well done Louis! 🥂

[GoldSkye]

I feel better making my first purchase in cash. I feel like there will be less pressure.

[lytonbatsirai]

Hey Louis thank you for all the information you divulge through your channel, I'm a south African working in England how can I built my profile to a property back home?

[millionaireminds]

How do we get in contact? Loving the Vidz, thought just bigger pockets was teaching the brrrr method...glad to have found a fellow south African doing it and applying it. I have a ton of questions 😭

[rokundarambelani]

Hello Louis, thank you for the information you're sharing. My sister directed me to your channel since I have grown interest in property investment. I want to acquire as much knowledge as I can before diving into it. if you do consultions or have courses, how can I get in touch?

[kylekoopman]

Hi louis, great content ive elarned so much from your channel. Can one apply for a home loan if im south african but do not live in SA? thanks!

[NathaniaMKasper]

Hi Louis, great content and info. I'm wondering what happens when a bank approves your bond and then decide that the house is worth less than the offer you made? Will you be liable to pay the difference even if your condition was if the bank approves your bond? Can you renegotiate a lower offer based on the bank's valuation?

[libhongo_langa]

Not necessarily bad advice but the underlying reasons are off. E.g. reasons for putting down a deposit. A more appropriate reason is that it reduces the LTV ratio and overall risk associated with the loan as the collateral would cover the outstanding balance should the asset ever need to be liquidated in the event of default.

[haydnrust]

Hi Louis, a few questions here:

1.Would you say, in general the bigger the deposit you can out down on a house/apt the better? To avoid high interest rates on a mortgage?
2. Better to buy a property in the name of a business or personal name?
3. Lets say a property costs R2.5mil, but you negotiate to buy it cash for R2mil - what is the face value of the apartment now / 2 mill or 2.5 mill?
4. If you are willing to buy a property cash, once off - what discount rate could you usually negotiate with an estate agent? 10% - 20% ?

Cheers thanks

[marl_m]

Hey Louis. How much do you know about non residents investing in property in SA? My wife and I are keen to start doing this soon. So far from research we’ve done, we’ll need to have a South African bank account and are required to pay a 50% deposit then mortgage the rest if need be. This is the route we’d like to go but unsure of all the other nitty gritty details