myapp.property

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@jessesenekane9526 Ай бұрын

Great work as always! I'd like to ask, for the exit strategy, why is the interest rate 7.5% instead of 11.5%?

@LaurensBoel Ай бұрын

The video was recorded when the prime interest rate was 7.5%

@JohnDoeTube 2 ай бұрын

Have you ever had an issue with a student not paying rent and struggling to evict them? I know theres a law that protects renters.

@prudence_business 5 ай бұрын

3:43 Hi Laurens! I got a question - I'm just curious to know how your net worth will grow to R8 million if the property's market value is only R3,5 million? Is it throughout the 15 years that it will appreciate or is that value adding towards your existing portfolio value/net worth? Or maybe I'm missing something & not understanding the NPV?🤔😃

@LaurensBoel 5 ай бұрын

Hi Prudence, NPV = the sum of all future discounted cashflows... i.e. you will earn up to R8M in future cashflow discounted with inflation.

@prudence_business 5 ай бұрын

Wow, at the beginning, I didn't expect it to cashflow just because it was a commercial building with commercial terms, but it actually cash flowed! Wow, that's pretty cool!🤩🤩🤩

@CrayFishHandMade 5 ай бұрын

Sweet Deal Busy Bee as Always App Seems to be growing in followers and finding some traction. Looking Good and come so far from My Property App. Supper Stuff

@LaurensBoel 5 ай бұрын

Thanks.

@ymacamba5 6 ай бұрын

Rates and taxes are only paid by the owner

@lamaphanga2471 6 ай бұрын

Is it still available?

@LaurensBoel 6 ай бұрын

Highly doubt it. the video was recorded 3 years ago.

@CrayFishHandMade 6 ай бұрын

Shocking stuff, thanks for the great content as always. Hope you're making more Positive Cash Flowing friends than Black Hole of Debt Developer Enemies.

@LaurensBoel 6 ай бұрын

Thanks :) and check out my other channel, PropertyBull. I'm much more active on that one.

@matswedikanemoagi1068 7 ай бұрын

Valuable information .thank you for bringing light to people

@LaurensBoel 6 ай бұрын

You are welcome.

@CrayFishHandMade 7 ай бұрын

Looking Good new app is great 👍🏼

@LaurensBoel 7 ай бұрын

Thanks, glad to hear it!

@bardechampagne7710 9 ай бұрын

*Promo SM* 🙃

@LaurensBoel 9 ай бұрын

Yeah, I spent hundreds of thousands of rands to build this app, so I'm going to promote it.

@matthewlavox 9 ай бұрын

love this video. thank you very informative and great to learn from others doing it

@VELLY3332 9 ай бұрын

Thanks Laurens I'm struggling to find your new book, I'm in Newcastle, do you have something like a brochure where I can see your coaching prices. Thanks

@myappproperty 9 ай бұрын

Hi there, you can get my book here: www.penguinrandomhouse.co.za/book/financial-freedom-through-property/9781776095049

@myappproperty 9 ай бұрын

My programs range from 6 to 24 months. Each program includes: > Monthly 1-on-1 sessions with me > Access to all my tools and templates > Introductions to a dedicated professional team > Exclusive online content > Whatsapp and email support The 2024 price ranges between R45k (6 month program) and R150k (2 year program).

@christinah3161 10 ай бұрын

Pls help I want to start

@ricardo20917 11 ай бұрын

How do you have the builders and inspectors enter the home if you're not there?

@LaurensBoel 11 ай бұрын

Depending if you trust the contractor, you can provide an additional set of keys for easy access.

@qudizzle1 Жыл бұрын

where'd you go man?

@LaurensBoel Жыл бұрын

Check me out on my other channel: youtube.com/@laurensboel

@qudizzle1 Жыл бұрын

@@LaurensBoel awesome :)

@mphomoepi1185 Жыл бұрын

Hi, i was the seller and recently sold my late mother's house. The attorney was rather very unprofessional but the transfer finally went through and now 2-3 weeks later it turns out he didn't request for a CoC for electricity from us during the process and the buyers have electricity issues and now only does the attorney send e-mails with quotations for the CoC (This comes after the buyer's son actually asked the attorney for the CoC). Question: What implications does this have on me now that the process is over and done with? I've already committed my money to other things and do not have the money for the CoC.

@mphomoepi1185 Жыл бұрын

The process started last July (2022) and it ended 21 April 2023.

@LaurensBoel Жыл бұрын

Hi Mpho, I'm not sure to be honest, but I don't think it's your problem anymore. I would recommend to speak to an attorney and understand your options and the associated implications.

@cornestrydom3804 Жыл бұрын

Im thinking about buying a property to rent out to students. What would be the best, buying on my name or creating a business and work through the business. If through a business, how would you go about it.

@LaurensBoel Жыл бұрын

It would be better to go through a business (pty), as you have more tax advantages. To register a company, you must go to www.cipc.co.za/

@tameekafisher3044 Жыл бұрын

how did you get involved in the new build in Parklands?

@LaurensBoel Жыл бұрын

Not sure I understand the question? I invested in new builds because of the section 13 sex act benefit and to diversify my portfolio away from Gauteng.

@olusanya3471 Жыл бұрын

Great content! How do you handle the electricity costs of the shared kitchen and the geysers?

@LaurensBoel Жыл бұрын

Hi Olu, thanks. You might like my other channel too: www.youtube.com/@laurensboel You have to use prepaid meters to control consumption based costs.

@watziznaim Жыл бұрын

Hey Gents, I tried installing instant water heaters, specifically the Speedheat showerhead, to tame the electricity costs of heating up the water. Tenants complained that this wasn't making the water hot enough, water would be luke-warm during showers. Now my geysers have a timer, they switch on in the mornings and afternoons, during the day they remain off, no one has complained about this. For the stoves, I have not tried this, but I think an isolator switch with a timer could help. These will automatically switch off after a couple of minutes once the timer runs out, this helps with the problem of students forgetting to switch off stoves when they are done using them. I also keep an open communications channel with my tenants, since I am new to this, I like to get feedback from them to find out what works and what doesn't

@mrshleeful 2 жыл бұрын

I have an investment property in Pine Slopes and my rental income has stayed the same for the past 3 years 😭.

@LaurensBoel 2 жыл бұрын

That is not uncommon, as developers bring oversupply to the suburbs, preventing any real rental escalation and capital growth... another reason why I focus on lower income areas instead ;)

@killerbea334life6 2 жыл бұрын

When you make renovations like adding dry wall do you need to tell the owner

@LaurensBoel 2 жыл бұрын

Yes. You have to be completely transparent with the owner about renovations.

@pinkykhumalo7473 2 жыл бұрын

People are paying 10k for water bills an Lombardy Meander. It is nothing like what it was advertised to be. Break inns,someone got stabbed here inside their apps and we complain every month for paying thousands of rands in water bills no one has answers for! Mybe in this platform we might be taken serious! 4 days ago my water was restricted unlawful and till this day IGROW has done nothing. Now people decide to leave which is unfair because this is Extortion. We are stripped off our fundamental rights and you come here promising people good and secure environments to live in. You are selling people false advertising and when called to answer, no one takes accountability.

@seymourjullies8080 2 жыл бұрын

So how does sectional title unit process work from one to another person

@LaurensBoel 2 жыл бұрын

It would be the same process for sectional titles and freehold properties.

@dannyarcher6163 2 жыл бұрын

Once finance is obtained from a bank - must that money be used on a specific deal? What happens to that finance if the deal does not go ahead? Can it be used for another deal?

@LaurensBoel 2 жыл бұрын

Yes, once finance is approved, it will be allocated to the deal you are working on. If the deal doesn't proceed (i.e. the OTP is in breach), then finance will not be given and you will have to apply for new finance once you have signed a new OTP.

@dannyarcher6163 2 жыл бұрын

To obtain finance from a bank, must a specific deal or property be specified? And once granted, may finance be used for another deal or opportunity if it were to present itself? Also, if a deal were to fall through, what become of that finance? Thanks!

@LaurensBoel 2 жыл бұрын

Yes, finance will be allocated to the specific deal listed on the OTP. If the deal falls through, the finance is no longer applicable and you will have to reapply on your new deal. Some people use the equity release strategy, which is when you have a paid off house and you request finance on that house. Then you can use the finance your paid off house has generated to invest in another deal.

@keshavmahabir4592 2 жыл бұрын

Awesome, thanks for this!

@forgotmyname11 2 жыл бұрын

@42:30 it's actually the liquidity in case it needs to be sold.

@LaurensBoel 2 жыл бұрын

It's due to concentration risk. SA Commercial Banks don't want full exposure to the entire title deed. They will finance up to 30% of a title deed.

@forgotmyname11 2 жыл бұрын

@@LaurensBoel then two or three banks could jointly finance the property?

@LaurensBoel 2 жыл бұрын

@@forgotmyname11 correct, if you are going for home loan terms. If you opt for commercial finance, you can get one financier