Syndicate

Karen Wheller

Getting Started

How to get started in property investing with no money and a low income salary.

Get your FREE e-book now

FREE DOCS

Need real estate FREE documents?

Legal documents, analysis tools, application forms, NCA forms and more.

Click here to get documents FREE

Home
Apr 10 2008
Tenants cant be charged penalty fees for late payments
Thursday, 10 April 2008

I will keep this post short and to the point.

I have seen in the industry of letting clauses in lease agreements with penalty fees charges to the tenants. For example the tenant is charged R50 per week or day or whatever for late payment. This is how it goes...

Read more...
 
Apr 09 2008
What are your property investing limitations right now?
Wednesday, 09 April 2008

Money is not the problem in property investing. We have limitations within which we each personally work and then we have limitations within which we all work.

The thing is that our personal limits as property investors are self imposed while political limits are also but to a lesser extent. Limits are a good thing, they make us creative and so limits do not stop us, instead they make us more effective at survival.

The great thing about property investing is that anyone can use it to build wealth, no matter how much one earns. It's purely a question of how one manages personal limits when getting started.

On the political front, limits in this respect need to be dealt with on a few levels....

Read more...
 
Apr 08 2008
Property Investing - The Present and Future in South Africa
Tuesday, 08 April 2008

By Sean Wheller

This post is not mine as you can see, but I thought it would be of great interest to many. If you wish to read more from Sean you will have to go to www.PropertyInvestorNetwork.co.za or visit his blog Sean Wheller

If you are going to invest in property in South Africa then you must be bullish on the country. Here is how I see things…in the present and future of property investors for buy to let property investing....

Read more...
 
Mar 28 2008
Letting out your residential property investment
Friday, 28 March 2008

Letting out your residential property investment, may nor may not be the easiest thing. That would depend on the experience you have and what you know. No, not who you know, but what you know. Many property investors started in buy to let without any experience but they started learning quickly along the way.

If you need to know and learn more about letting I suggest you visit the Letting blog.

Read more...
 
Mar 30 2008
Why you should give written offers to purchase now
Sunday, 30 March 2008

If you are buying right now property, maybe you have viewed a few and wish to buy, maybe you had a conversation with the sellers agent and heard: “ the seller will never accept this”. This is very common statement these days…. don’t know if you noticed yet. But also extremely misleading statement in this market and this is exactly why and what you should do, for you own best interest:

Read more...
 
Mar 29 2008
The problem with student accommodation
Saturday, 29 March 2008

Student accommodations can yield nice return to investors, of course if the property has been purchased at the right price and managed very well.

But what new investors don’t know, until they experience it, is that student accommodation has it problems. Lets just name a few issues:

Read more...
 
Mar 28 2008
Real Estate agents are losing out
Friday, 28 March 2008

I didn’t think the time would come to say this, but if real estate agents don’t get on fast with technology… well they will be losing out fast and furious. If this is what is happening now, then what will the future bring? Consider the possibilities…

Read more...
 
Mar 28 2008
Interest rates going up or down or will they stay the same
Friday, 28 March 2008

We recently ran a poll on Property Investor Network about interest rates. Some very interesting comments there. So far most people think it will stay unchanged.

I must agree with that. However, there are far more considerations to this.... and some investors think it will go up. What is interesting is... that no one seems to think they will GO DOWN.

For investors after such massive increases in property prices in the last couple of years, interest going even more up, will be good as prices will be forced down and they can buy more bargains. I really hope you saved some money to buy property now that the market is becoming more and more a buyers market. Heck you may even become a millionaire over night. Yeah right.... ok, maybe not.... but nonetheless these times can get you started in property easily. And remember when the market turns around to a seller market yet again, it will take a few more years to see bargains again.

But another increase may be just too much for some people. I would hate to see more people lose their home, that is dreadful, but like with everything, everything bad has something good in it an vice versa. I guess that is life.

If you want to see all the comments go here: Interest Rates Poll, I really don’t fell like regurgitating the all the posts here and besides there you can also have your say and vote, which is cool.

 
Mar 01 2008
Buying Investment Properties Free Continued
Saturday, 01 March 2008

The things that are Not Free

Continuing with the thought that a property has been purchased and assume that the rental income covers the mortgage bond, what happens after the property has been financed and it is theoretically free? Are there any other hidden costs associated with this free purchase?
Read more...
 
Mar 01 2008
The Risk of Buying Property for Free
Saturday, 01 March 2008

This is continued from my previous post called Buying Property for free.

Now lets, say you bought by definition a property for free and your mortgage bond is covered by the rent. This means that the debt incurred via the bank is actually paid by letting out the property.

However, with property things do not start or stop with the purchasing of the property. Here is why and what you should consider.

Read more...
 
Feb 27 2008
Buying Property for FREE
Wednesday, 27 February 2008

It is so widely publicized that you can buy property for free, that it begs the question: is this true?
Well in actual fact it is, but ….. and here comes the BUT as usual, and here is the truth:

Read more...
 
Feb 24 2008
What it Takes to Become a Successful Property Investor
Sunday, 24 February 2008

Many think it takes to be Donald Trump, Dolf de Roos, or Robert Kiyosaki to become successful in real estate investing. That is just not true.

Granted they are some of the most famous investors, but don’t think that others are not successful. Some are widely successful, they are just not famous…. and mind you, not everyone seeks fame after success.

Here is what it takes for the beginning:

Read more...
 
Feb 21 2008
Dolf de Roos in South Africa
Thursday, 21 February 2008

Dolf de Roos is visiting South Africa for the first time ever…... If this is not the best news of the year for property investors, I don’t know what is…. check it out www.PropertyProsperity.co.za 


Read more...
 
Feb 21 2008
Property Bank Repossessions, Sequestrations and Bankruptcies
Thursday, 21 February 2008

A lot of investors and homeowners do not understand why these things happen. At www.repossession-stopper.co.za we get a lot of people that need to sell their properties fast.

Some of them need to sell by tomorrow, and I will discuss this in another blog. But unfortunately we can’t help all the applicants and here is why:

Read more...
 
Feb 15 2008
When do you pay cash for a property investment?
Friday, 15 February 2008

The straightforward answer would be when the bank doesn’t give a mortgage bond but the deal makes absolute financial sense for whatever reason.

But things are never straightforward are they? And there are probably as many reasons for property purchases without any mortgage bonds as investors. That said, any seasoned property investor knows that leveraging finance is the best way to invest, optimize and grow a portfolio faster than any cash can.

Read more...
 
Feb 15 2008
How not to get a mortgage bond in Joburg CBD
Friday, 15 February 2008

About 4 years ago and earlier than that in Johannesburg CBD almost no bank would grant mortgage bonds to investment properties . Lack of safety and large arrears to the municipality were the cause amongst other things. Investors eager to buy good investment properties couldn’t get a mortgage bond and had to pay cash. It was, no-go-land with the banks.

This situation has gone through change to the extent that now one needs to be careful when bonds are even granted. As we know with every new opportunity there are new risks and pitfalls……

Read more...
 
Feb 10 2008
Residential Vs Commercial Property Investing
Monday, 11 February 2008

As the residential property market is showing a slow down, many property investors are starting to ask about commercial property investments. Here is the deal with commercial property…

Though commercial property investments have seen great returns lately, for property investors with no knowledge of commercial property to move into this direction can be difficult if not outright dangerous.

These two real estate investment types have nothing in common other than the fact that both are made of brick and mortar.

To any residential property investor with money set aside for investments that wishes to enter into the commercial market, I would suggest to learn the commercial market before putting money down on any deal.

 

 
Feb 10 2008
Property Registration Panic
Monday, 11 February 2008
A few incidents of late made me aware that some real estate investors are forgetting the fundamentals of real estate investing or simply are not aware of them.

Properties transferring very slowly, for some creates flat panic. In South Africa the normal time frame to take transfer is anywhere from 8 weeks to 3 months, of course generally speaking. But occasionally, there are many problems with transfers and a property for example that transfers from a deceased estate can take over a year, other transfers have documentation problems and take 6 months, the list of late transfer reasons is endless. But here is the good deal for investors that experience late transfers...
Read more...
 
Jan 22 2008
Cant make a decision, there are too many property deals
Tuesday, 22 January 2008

End of last year we advertised some 40 properties on Property Investor Network before the December revamp of the property sections. Which of course is done but no properties listed yet, all on its’ way.. anyway I digress.

The deals were good, of course, as the market is different now and in a buyers market most deals all of the sudden seem good. But the problem was that many investors couldn’t make their mind up which to buy.

Heck, you have 40 to choose from, can’t you just choose one. I know, it should easy but it isn’t, I agree. So, here is the problem and the solutiuon.....

Read more...
 
Jan 22 2008
Property transfer is nearing and no money to pay the bond, now what?
Tuesday, 22 January 2008

I hear from investors that there are some properties they bought a year and more back that didn’t transfer as they were under development, and now with the increases in the interest rates they can’t afford the mortgage bonds when the properties transfer.

To these purchasers I see a few routes to getting the mess sorted out. There may be many routes, but this is what comes to mind:

Read more...
 
Jan 22 2008
The Time to Invest in Residential Real Estate is Now!
Tuesday, 22 January 2008

Since 2007 I have seen major changes in the residential property market in South Africa. From the National Credit Act hitting the buyers in the same time as consistent increase in interest rates all the way to Dec-07, to oil prices and right now the residential market has come to a halt. That is not good news for residential home selling agents, but I can't say the same for investors. I have seen investors since mid last year jump with joy.

All in summary I have never seen a better time in the last 4 years to invest in residential property. That may sound a bit counter intuitive to some that invest in capital growth, but now investors are finding deals easier by the day.

Distressed sellers are by the plenty, buyers are far less than before and negotiations are far easier. If you ever had problem with your negotiation skills always try to invest in a downturn, negotiations are easy and far less skill is necessary.

Yes, I know this is not exactly a good time to buy for growth and don’t expect to sell that property in the next 6 months easy. Unless of course you invest in some emerging areas..... more about that later.

 
<< Start < Prev 1 2 Next > End >>

Results 42 - 62 of 62