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@Tee-e4i 6 сағат бұрын
Your primary house or your rental property which one you basing this off?
@colin1235421 7 сағат бұрын
How many students would stay there at the same time? Curious how much rent each must pay.
@youperiperi 9 сағат бұрын
Kan like to make English try speak for tax no pay ek se. Praat Afrikaans!
@philipmertin Күн бұрын
Ek het 'n paar eiendomme in my eie naam en verhuur hulle. Maar om hulle nou in 'n besigheid in te sit, sal transfer fees ens kos. So dis nie die moeite werd nie, is dit? Ek weet ook nie hoe om so entiteit te skep nie.
@louisreynhardt Күн бұрын
Mens kan iemand soos Prosperity Enterprises gebruik om te help met die entities. Hulle kan mens ook raad gee oor die skuif van die eiendomme. Daar is maar koste betrokke om dit te sluif so dit hang af of jy nog eiendom wil koop of nie. As jy nie wil nie en hou by wat jy het kan jy dit sekerlik hou soos dit is. Daar is wel baie voordele om dit eerder te skuif, al nadeel is die koste en moeite
@moletsanesejake7046 2 күн бұрын
😮😮 speechless
@olayode4105 2 күн бұрын
Quick question, is it possible to afford a property on a $60K annual salary in Cape Town or Durban?
@louisreynhardt 2 күн бұрын
It all depends on your expenses and affordability and of course your properry price class. But yes, it should be
@olayode4105 2 күн бұрын
@@louisreynhardtthank you for your prompt response. I am currently surfing the web. Property24 site. I really like houses in Hermanus. Would you say it’s a good place for a 30+ ? Thanks
@louisreynhardt 2 күн бұрын
@olayode4105 I would say Western Cape, in general, is a good option. I love Hermanus. it's beautiful, but it depends on your end goals and dreams of course.
@olayode4105 2 күн бұрын
@@louisreynhardtgreat thank you so much for this information. I will be on it right away.
@Pieter-LouisPotgieter 2 күн бұрын
Would you buy SASOL today? it's at all time low over sold
@louisreynhardt 2 күн бұрын
Based on fundamentals ,No I wont. But There is perhaps trade opportunities in the short term. I dont like to invest in companies that dont generate free cash flow
@sifisomahlaba9438 2 күн бұрын
If you dont have a company but doing everything on personal basis, can you still claim for rates and taxes interest on bond etc?
@louisreynhardt 2 күн бұрын
Yes you can still benefit from those tax deductions
@thabothapedi1147 2 күн бұрын
How much is the course?
@louisreynhardt 2 күн бұрын
You can check out the pricing here, theres a cew different options. payhip.com/LouisReynhardt
@SiyaKwatshana 2 күн бұрын
Can I partner with you and do the township rental business and who you can be my mantor too.
@louisreynhardt 2 күн бұрын
Where are you situated ?
@SiyaKwatshana 2 күн бұрын
I like this content my friend❤
@louisreynhardt 2 күн бұрын
Thanks so much for the compliment.
@colin1235421 3 күн бұрын
Is any of this protected against panic sellers? I lost a lot of money on the ABSA property equity fund many years ago because people panic sold the unit trusts after some nonsense report was released (short sellers). It still has not recovered its original value and the dividends are not going to make up for it in many many years.
@louisreynhardt 2 күн бұрын
Yes as far as I understand it cant be manipulated because it's an auction process , so if there is no buyers it cant be sold. If that makes sense.
@auburn1087 4 күн бұрын
Thank you Louis. Very informative
@louisreynhardt 3 күн бұрын
Thanks so much for watching 💪🏻
@Chirwinwilson 4 күн бұрын
Please don’t tell the beginners to start out with a Trust, cause it’s costly and not necessary when starting out. I had to deregister my Trust. Just register a business Pty(Ltd) when you starting out.
@louisreynhardt 4 күн бұрын
Just remember, theres a cheap way and theres a right way. ✅️
@tyreseporthen5802 4 күн бұрын
Hey Louis, i watched this a year ago and am now looking into buying an investment property and re-watched this video. Thank you for the helpful information, I have a question which is, is it compulsory to put a higher deposit when buying an investment property?
@louisreynhardt 4 күн бұрын
Good luck with your journey and tha ks for watching. Its not mandatory but sometimes the banks can tequire a higher deposit depending on your finances. I always pay as little deposit as possible. With thatsaid a bigger deposit also has advantages like lower risk, better cash flow and more peace of mind. It all depends on your goals and strategy
@tyreseporthen5802 4 күн бұрын
@louisreynhardt thank you for the information. I also wanted to ask, I'm aware the amount you charge your tenant will increase annually but I'm also aware that your bond will tend to fluctuate at crazy rates. In your experience has your bonds ever grown beyond what tenants are charged
@RachaelL-g3l 5 күн бұрын
Very insightful content and I especially love that you are responding to comments. For these reasons, you have gained a subscriber. Thank you!
@louisreynhardt 5 күн бұрын
Thanks for the support and the positive feedback. Welcome to the channel 💪🏻 💪🏻
@nduduzoncwane1087 7 күн бұрын
can trustees be beneficiaries ??
@louisreynhardt 7 күн бұрын
Yes they can 💪🏻💪🏻
@cloudious9676 7 күн бұрын
3% of people in South African pay 76% of all income tax.
@louisreynhardt 7 күн бұрын
Scary statistics 😑
@tangenikwedhi4314 7 күн бұрын
If we are being truly honest most properties don't pass the 1% rule.
@louisreynhardt 7 күн бұрын
Most single lets yes .
@NkosiieNkosiie 7 күн бұрын
Can I start a property development company without being a graduate or having a estate development license
@louisreynhardt 2 күн бұрын
Im not sure about this
@NkosiieNkosiie 7 күн бұрын
Do I need a license to start a rental company
@louisreynhardt 2 күн бұрын
Im not sure tbh
@coenraadsteyn6338 7 күн бұрын
Hi Louis, I don't see an allowance on your Excel spreadsheet for insurance. What allowance do you make for this and what sort of insurance should I consider for a first investment unit of about R350k? If you have a video on this topic, please share the link. Thank you
@louisreynhardt 7 күн бұрын
Thanks for watching. When its a Sectional title property, building insurance is included in your levies. If you buy a freehold property you will have to budget for insurance. My advice would be to avoid insurance from the banks.
@South99African 7 күн бұрын
Awesome. Thank you for this information.
@louisreynhardt 7 күн бұрын
Thanks for watching 👊🏻 💪🏻
@South99African 7 күн бұрын
@louisreynhardt Can you also explain further on refinancing.
@Sheriff-b1b 8 күн бұрын
Thanks for the video. I have an access bond with Absa and have often paid in extra to be used in cases of emergency, etc, but every time I make a withdrawal from the additional funds, my monthly bond payment increases. Could you please explain the reason for this and if the structure can be changed.
@louisreynhardt 2 күн бұрын
You have to change the access bond type. Search on my channel for the video I made about access bonds, i explain it in more detail there. Let me know if you still have questions 💪🏻
@arcadesunday4592 9 күн бұрын
Great video. Scenario: I've effectively inherited a 3 bedrooom home worth ~R1000000. Should I rent this property or sell?
@louisreynhardt 2 күн бұрын
If it's paid off, why would you sell ? Unless you need the cash? What can it be rented fo, and will you have to depend on the cash flow? These are all questions that will affect the answer. I would say property is a long-term game, and my mentality is focused on never selling any property unless it's really needed
@arcadesunday4592 2 күн бұрын
@louisreynhardt Thanks for the response. No, I don't "need" to sell and am 100% ready to rent. I literally got given the property via deceased estate/will (very lucky !?) Repairs are necessary but I have the capital to do this. A standard 3 bed house in an "OK" area... My main question... Do I register myself as a provisional tax payer, or do I open a company (or other method??) in order to write off tax expenses (or should I contact a tax practitioner)... or someone else? Sorry. Lots of questions!
@malcolmdunkeld7866 9 күн бұрын
If I already have property in my personal name how do I transfer that to an enterprise?
@Zeeh_Ntumbeza 6 күн бұрын
Hi Malcom ,you would need to register a business under CIPC and move the property under your business profile .
@louisreynhardt 2 күн бұрын
You can either transfer it to the Cc like you would normally transfer a property ( this involves transfer and registration cost ) or you can consult with accountant and consider a asset for sales swop
@bonganitiso8014 10 күн бұрын
Talking about Equity, can it be calculated as part of affordable towards next property purchase??
@louisreynhardt 12 сағат бұрын
Not exactly, but if you have access to it, you can effectively use it as a deposit.
@lliamnapoleon5167 10 күн бұрын
From the U.S, but this was very well explained and helped clarify a lot of questions I had here in the states.
@lvdeluxe1 10 күн бұрын
You guys are on point, I however doubt SARS will accept receipts from Spur and Cubana. 😅
@louisreynhardt 12 сағат бұрын
🤣💪🏻I often take clients out for meetings at simmiiliar places. Luckily, I only declare things when it's actually applicable to my properties. Thanks for watching 👊🏻
@clare98 10 күн бұрын
I'm learning a lot from you Louis, thanks so much. I noticed some folks say that you talk too slowly. You are very natural in the way that you present your information. Perfect as you are in my opinion. You don't need to change anything 🙂
@louisreynhardt 10 күн бұрын
Thanks so much, appreciate the possitve feedback. I guess there will always be negative feedback but as long as people can learn and improve, im happy. Thanks for watching
@notthesoyboy7444 10 күн бұрын
Personal Income Tax IS THEFT!
@louisreynhardt 10 күн бұрын
💩💩💩
@henryletuka9811 10 күн бұрын
how do I get the spreadsheet?
@louisreynhardt 10 күн бұрын
You can pop me an email at [email protected].
@ephraimsebulela8251 11 күн бұрын
Please share the Excel spreadsheet.
@louisreynhardt 10 күн бұрын
You can pop me an email at [email protected]
@stopcensoringmen5044 11 күн бұрын
Thank you for helping normal south africans. So many things I have tried to help my dad with, but he refuses to hire an accountant.
@louisreynhardt 10 күн бұрын
🙌🏻🙌🏻Glad it can help. Spread the word where you can. Unfortunately, you cant force people to change or improve. It has to come from within.
@genomedia44 11 күн бұрын
Please consider what your advice sounds like: example: 7:29 you talk about 50-59yrs and suggests that: "during your 50s you should save at least 7x your annual salary" 1. Gross or net salary? 2. Should I save 7x in addition to everything else I've accumulated prior to my 50s (this is not mathematically possible, yet your sentence implies this) Or Should I during this period reach a total saving of 7x my current salary (Thus just the amount in my savings account excluding my other investments); which is not what your words are saying I think if you do the math on this idea it's not going to work: 50-59 is 10 years Annual salary = R300k total earned is R3m To be saved = R300k x 7 = R2.1m Thus what is left is R900k with which to make a living during those 10 years. Not possible. Suggestions are great but can be interpreted in different ways which may lead to disappointments
@louisreynhardt 10 күн бұрын
Thanks for your comment and for actually thinking about the numbers. The short answer is by the time you are in your 50s you should have saved up 7 times your net salary. Not within that 10 years, but by the time your are that age. So its all about compounding your savings from a young age.
@genomedia44 9 күн бұрын
@louisreynhardt awesome. That makes sense 👍
@StantonRich 11 күн бұрын
Very informative video Louis, keep up the hard work!
@louisreynhardt 10 күн бұрын
Thanks, appreciate yhe comment 👍
@eansmit622 11 күн бұрын
Are there any circumstances where you would consider investing in a property that does not meet the 1% rule and if so what are they?
@louisreynhardt 11 күн бұрын
Yes sure, the main reason would be buying for a large portion of equity or in other words a big disscount.
@jancovanderwesthuizen8070 9 күн бұрын
If it’s overseas - 1% is completely impossibly unrealistic in many other countries. In Germany or the Netherlands you’ll be lucky to get 0.3%
@aviatixmodels589 12 күн бұрын
How I pay no taxes in South Africa is to NOT own any property in SA anymore 😂. Not a good idea to own part of a ship that the ANC criminal cartel has been steering onto the rocks for 30 years. US property investment I made years ago grew 600% in R value in 18 years, 😂while the SA one decreased 10% in real terms and actually 50% when you factor inflation in over comparable time period…
@fish_fingerz_tv 12 күн бұрын
Enjoying the videos. Thank you for the opportunity to learn more about the property game.
@louisreynhardt 10 күн бұрын
Pleasure my friend. Well done for taking the time to educate yourself. 👏🏻
@devanne3 13 күн бұрын
But why a trust? Tax is at 45% in a trust 🙈
@louisreynhardt 10 күн бұрын
Good question Just because the tax rate is 45% doesnt mean you pay 45%
@devanne3 10 күн бұрын
@@louisreynhardt I am all ears. All income beneficiaries of a trust receive gets taxed in the hands of these beneficiaries.(So if I'm a beneficiary and get money from the trust and I am company then I will be taxed at 27%). All money retained(left over) in the trust gets taxed at 45%. I'm failing to see how it is avoided Sir? Also any income earning assets donated to the trust, the income these assets produce gets taxed back in the hands of the person who donated the asset to the trust, limited to the Woulidge Limit. Could you perhaps shed some light please Louis? Thanks
@louisreynhardt 10 күн бұрын
@devanne3 the first point you mentioned is called the conduit principle. And now suddenly you are not taxed at 45% anymore And the beneficiary pays tax in his personal capacity. So you can pay out tne profits to a member with the lowest income tax bracket. Loans are also a great way to reduces taxes. Donations is just to small to benefit from. You also use depreciation and expenses to reduce your overall profit to pay less tax. My advice would be to reach out to a smart accountant that can share more detail on the matter. Eveyrones' situation will also be a bit different. There are many smart and legal ways to pay little or no taxes.
@devanne3 10 күн бұрын
@@louisreynhardt Ok, I'm starting to see your point. Basically live off the company(trust) and claim all expenses(if possible) as business expenditure that we may claim deductions from them. Find a family member down on his luck funnel the money through him as he only gets taxed I think on his first R100,000 before he has to pay 18%, and give him something nice for his help. And so we skip paying a lot of taxes. Makes a lot of sense now actually😄. Jy's 'n ster broer🤌
@rowanvanzyl426 13 күн бұрын
I invested in the S&P 500 at the end of last year and I think I was quite lucky that it went up by 30% about so I made quite a lot of money from it but yeah I do think this wasn't necessarily a normal yearly interest rate