Don't Ever Rent in South Africa

[@ReaperOfBread]

When Stefan mentioned about the db board issue that he was worried about. Just wanna add my 2 cents. The plumbing and electrical COCs needs to be on today's standards not 1995, which will save you money as the seller has to pay for the COC. However, don't blindly trust the COC as in 2 cases we had issues of a COC that was issued and after getting a second opinion we found out that the buildings still weren't up to code. In this case contact the person who issued the COC and have them fix the issue on their account. Which in our case saved us tons of money.

[@louisreynhardt]

Thanks for your insight and adding value in the comments. I hope that many people will read this. You are 100% correct. I always like to know who does the COC so I can find out about their quality of work in advance. Thanks again 💪🏻💪🏻

[@carlaschroeder7637]

❤

[@5801160052086]

In 2003 l bought a property in fourways for R520k, at the time the repayments over 20years were R2500 per month. Assuming all my repayments went into interest, and l kept the property for 13 years before selling it, l would have spent R910k. I sold the property in 2016 for R1,8m, balance owing on the bobd was just shy of R250k as l did spend some money on improvements. I definitely gained financially over the period due to owning the property, and was able to purchase a house for cash, now living rent free. Thats why l will never advise anyone to rent a house to live in. Its simply throwing away handfuls of money

[@louisreynhardt]

Thats awesome. Thanks for taking the time to share and well done for holding onto your property long enough to make a great gain. Thanks for watching 🙌🏻

[@wonke-bo4fx]

Big fan of you bro❤ all the way from Eastern Cape 🎉😂

[@louisreynhardt]

Thanks for the support. Appreciate your comment 😄🙌🏻

[@romanodeabreu6506]

Great video and great advice. With regards to the investing in stocks portion of the video: I am also fairly new as I only started exploring this during COVID of 2020 (which was evidently the best time to be buying any stocks let alone REITS), you can use leverage if you are trading CFD, however the dividends get eaten up by the interest repaid on the gearing. Which isn't the worst thing if you are making decent capital gains on the share price as essentially the dividends pays for the gearing (depending on how long you hold the share for. Nice thing about shares is that when you need the cash you can sell on the same day, no marketing and transfer process involved. That being said I will always go with brick and mortar as you say... I have been applying a lot of the same principals you mentioned for the past 9 years. I was fortunate enough to buy my first investment property at 20 years old where the tenant paid for all monthly expenses (Bond, levies, rates) - safe to say I was hooked from the get-go and have been rinsing and repeating the method since, while throwing in the odd flip property here and there. Nice work keep up the great videos !

[@matheusmpn_]

The value in this video is exquisite. Thanks a lot

[@louisreynhardt]

Thanks for watching. Appreciate the support 🙏🏻

[@M.C.K.D]

Louis Reynhardt! great Video. I have been watching this channel for a few months, i am from Cape Town, I really want to know what it cost to have a one on one with you, I wanted to plan to get a bigger residence for me and my growing family and would like to keep my apartment to rent out once if i can get second bond to start my property portfolio journey, im not sure where to start but really want to do this properly and be as knowledgeable as possible when i jump into this, would appreciate how we can set up a one on one, thanks in advance

[@louisreynhardt]

Thank you so much for supporting the channel. Feel free to pop me an email at [e-mail] and I can share the different options and we can go from there.

[@marthinusvanstaden677]

Great value, thanks guys!

[@louisreynhardt]

Thank you for watching 🙏🏻

[@deshannaidoo2241]

Really great video, guys-one of my favorites so far. I'm in the process of buying my first property, and thanks to your videos, I now have a better understanding of whether to buy under my personal or company name. I'm now planning to build a vast property portfolio one day. Please keep the great content coming!

[@louisreynhardt]

Thanks for the positive feedback and for supporting the channel. Well done for taking the time to educate yourself. 👏🏻

[@mash988]

Thanks guys nice info very helpful.

[@louisreynhardt]

Anytime. Thanks for watching 🙌🏻

[@Villgaxx07]

Great discussion!!!

[@louisreynhardt]

Thanks so much for watching. Glad you enjoyed it.

[@levenslevens5375]

Hi, good video, I bought your course I think in the beginning of the year, l already knew most of the stuff, but just thought to support and maybe get some extra info also. In this video you mentioned that a company can lend cash to the trust, and the trust then lessen it's rental income by paying back the loan. I think the only money the trust can deduct from the trust income is interest expense. The full loan amount doesn't have an impact on the trusts Income statement, since it is a balancsheet transaction. However the trust still can lessen it's rental income by depreciating parts of the property. 👍

[@louisreynhardt]

Thanks for supporting the channel. Also, thanks for adding value in the comments. It all boils down to having a great accountant. And yes, it will only be applicable to the interest portion of the loan. There are, however, many other deductions to legally reduce your taxes. Thanks for watching 🙌🏻

[@wilhelmlamptey9481]

Super super informative bru thank you for this

[@louisreynhardt]

Thanks for watching and supporting the channel 💪🏻

[@sallymagaret6209]

Good advice no one is a winner if you buy or renting we all loosing at thee end

[@louisreynhardt]

Thats why I use it as an investment so that I can actually benefit from it. Thanks for watching 🙌🏻

[@ntsonyanantsonyane2946]

Great interview Louis, highly informative

[@louisreynhardt]

Thanks so much for the positive feedback. 💪🏻💪🏻

[@funekamohaule2018]

What a lovely interview, learnt so much. You always come through for us❤

[@louisreynhardt]

Pleasure. Glad to hear you learned something new. Keep it up 💪🏻

[@GaragePie22]

How do you transfer existing properties from own name to a trust? Also, what's the cost?

[@louisreynhardt]

The best would be to consult with a attorney. I have never owned property in my name .

[@djp337]

Remember the attorney fees you paid initially in acquisition of your property? The cold truth is that you technically have to pay the same amount to transfer ownership into a trust

[@TshepoKotelo]

​@@louisreynhardtSo you can buy property in the name of your trust if you have one?

[@natemyburgh8190]

You got to pay transfer duties again bro from your name into the trust

[@LuckyTriesTrading]

Isn't it better to rent-to-buy in our country and if so how does the process work

[@louisreynhardt]

I will consider making a video about this but it might ne a option for those who struggle with their affordability

[@LuckyTriesTrading]

@louisreynhardt thank you 😊

[@tshephisopheagane4040]

I wish i could have a proper work to be able to buy property

[@louisreynhardt]

Start with entrepreneurship and work your way up to a stable income. Dont give up and always believe in yourself.

[@tshephisopheagane4040]

@louisreynhardt thank you

[@derekwoolley9729]

Present law promotes high risk of defaulting on rent.Landlords have to ge to extreme legal lengths and procedures before eviction can take place. Sorry not a good investment will rather invest in other type of portfolios.

[@louisreynhardt]

Education is key. Anything worth doing comes with its own risks.

[@mash988]

Like Louis said, it all depends on the property itself and how much work you put in to have a tight contract in place, screen your tenant PROPERLY, and manage your tenant nicely during the rental period. There is risk in any type of investment, and there are no guarantees. We own several properties in our own name, and use them for passive income (no loans or liabilities except maintenance, which if managed well is usually not a huge expense)…plus we own the equity of the property totally 100% and the value is increasing over time.

[@RonaldSimonKahn]

🎉

[@louisreynhardt]

💪🏻💪🏻

[@WhatComesHere]

Did you not have the microphone on the left turned on or what? Sounds very far away. Maybe check if you included the audio in the edit.

[@louisreynhardt]

Appologies. He just speaks much softer

[@peter1873]

Wens ek kon met jou in persoon praat Louis....of eerder dat jy met my kan praat soos n pa met sy seun sou praat...voel dit sal my lewe verander...Groete

[@louisreynhardt]

Yes Mnr, stuur my bietjie epos na [e-mail] dan kyk ek hoe ek kan help 💪🏻💪🏻

[@philbertpembani-philgoodph6349]

hey man, where is your farm ( we need some content about potential farming life and investment)

[@louisreynhardt]

This is not out farm but check out my other channel. I have a idea you will enjoy it kzbin.info/www/bejne/m2OaqXeAZ92ibac We sell agri products

[@mash988]

@@louisreynhardtof course Louis doesn’t own the farm…he doesn’t own anything!! 😂