SHOCKING Truth about my R45k pm Property

[@ThemeliMulondi]

I can't wait to see the cashflow, You are a great mentorc❤

[@louisreynhardt]

@ThemeliMulondi excited to share it as we progress. Thanks for the support.

[@ArthurKing-sh9uq]

You mentioned a rezoning cost, with a town planner. However, you left out a critical part of the process that is the municipal plan approval process, (architects fees), which is after the rezoning.

[@louisreynhardt]

Thanks for adding it to the comments. This forms part of the whole rezoning process and is accounted for in the above-mentioned budget 💪🏻

[@ArthurKing-sh9uq]

@@louisreynhardt at 50K, that is a really really cheap cost.

[@louisreynhardt]

@ArthurKing-sh9uq the site development planning for special consent was R5500. It's different than rezoning from residential to commercial for example. It's actually called consent use for Student Accommodation and removal of restrictions.

[@5801160052086]

​@@louisreynhardtdoes this consent use process include a public participation phase? Where neighbours can object?

[@louisreynhardt]

Yes it does thats correct

[@hamimiamhere]

Thank you for the break down of your costs, it really is very helpful .

[@louisreynhardt]

Awesome, thanks for watching and for supporting the channel 💪🏻

[@JamesDaniel-k9i]

Build a paving apron around the house, and keep water away from the foundations

[@louisreynhardt]

Thanks for the advice 🙏🏻🙏🏻

[@hustleking2732]

left a like for the algorithm

[@louisreynhardt]

@hustleking2732 appreciate this a lot. Thanks my friend 👊🏻

[@joshuabotes2263]

Not sure how you feel about it, but I would really like this project to be shared in a long form format. Obviously the transparency about the financials is wonderful, but would be fun to see this and other potential projects a bit more in detail

[@louisreynhardt]

Great idea. I'll look into this or try to eventually compile everything together in a longer form video. It is, however, quite difficult to document everything, but im trying my best to create valuable content while actually managing the project 😅 Thanks for the support and the feedback. 🫶🏻

[@romaabrupt2391]

Hi Don`t forget install CCTV cameras and fire alarm systems due to dangerous tenants

[@louisreynhardt]

Thanks for adding it in the comments 💪🏻💪🏻

[@Dieisek]

Great Effort ✊🏼

[@louisreynhardt]

Thanks for your comment 💪🏻💪🏻

[@kopanomofokeng6562]

Awesome!

[@louisreynhardt]

Thanks for watching 🫶🏻

[@annelinepaleman7204]

Thank you for this video!!!

[@louisreynhardt]

Thanks for watching 💪🏻💪🏻

[@dominicmaddox95]

Great video, I'm looking forward to seeing how the project unfolds. I'm interested to hear how you manage the tenants and hear what humps you hit in the road with these kinds of projects as I am looking at jumping into a similar project in JHB. Haven't convinced myself to buy the course just yet, but maybe down the road. I look forward to your next update.

[@louisreynhardt]

Thanks for the feedback. im glad that you like it. I will eventually share all these details once we get to that point. Ill also try to compile a long form video eventually thanks to a suggestion of another viewer. 🫶🏻💪🏻

[@gerhardpotgieter840]

What effect will the stricter criteria for NSFAS have on the student accomodation market?Less students are also getting NSFAS because it seems the money for it is drying up.Why would you sell a course to do what you are doing and create more competition for yourself?

[@louisreynhardt]

Great question, my view is that a stricter criteria isnt necessary a bad thing. The students that do get approved will be much more dedicated to complete their studies and avoid dropping out. Nsfas will also be able to manage their funding better due to stricter rules.The supply is still much less than the demand but this can change. The course is focused on property in general and also shares ways to diversify your portfolio. This is where risk mitigation, market research and reserves and healthy cashflow comes in.

[@caitlinbenade8195]

🔥🔥🔥

[@LuckyTriesTrading]

Hey Louis I wanted to know if you have a video talking about rent to buy and how it works if not is possible to make 1?dankie

[@louisreynhardt]

I dont have a video about it, unfortunately. I dont have to much experience with it because I haven't done it before. I will look into it 💪🏻💪🏻

[@modikiramaisa4619]

Good job 👍 where can we see pictures of the before not the video but photos

[@louisreynhardt]

I dont have photos unfortunately 😐. I will however share after shots later on. Thanks for watching

[@jacquespieterse5135]

I hope Bloem students are better than Potch students... Last year i sold everything i build up in 25 years. The constant damage and non payments made it not profitable anymore. And with South Africa protecting the person against eviction its was not worth it for me.... i do miss my property portfolio and monthly income 😢... hope you keep some spare drywall just in case 😂😂. Are you going to register for NSFAS students ? There are also a lot of t&c 's.

[@spiderwokeman]

Sounds like a nightmare bro, did you manage yourself or did you have a managing company?

[@jacquespieterse5135]

@spiderwokeman I did both ... I used agents in the beginning , it was the same effort chekking up on them or the tenants... and if a tentand refuse to pay they throw the ball back to you. That alone is a R20k proses to get rid of someone.

[@louisreynhardt]

Thanks for sharing 👊🏻 I always appreciate input and other peoples perspectives. I have to say we have some really dedicated and well-mannered students. We are very strict and dont take any nonsense. But the risk is always there. Thanks for watching 🙌🏻

[@Stroh538]

​@@louisreynhardt Can you make a video on how you manage the tenants and what strict rules you have in place and how you could apply them if necessary. I have a second property that I bought new from the developer that gives me peace of mind since it's always had a tenant and since it's not cheap I am fortunate to have tenants that can afford it so it's basically just being paid off by the tenant as time goes on. But since I've subscribed I'm looking at 'cheaper' properties that would comply to the 1% rule and the gross yield >15% rules to start generating positive cash flow. My biggest concern however, are tenants that refuse to pay or move out, or tenants that damage things etc. my current investment property is virtually no effort to manage at all. Thanks

[@my_weed_dealer]

​@@jacquespieterse5135I thought it would be way more to get rid of someone not paying

[@bitshackmedia]

Are all of your renevations done after plan approval or before?

[@louisreynhardt]

During 💪🏻💪🏻

[@Y_Yx_x]

louis quick question, whats the distance in KM between your furthest apart properties you own?

[@louisreynhardt]

I have properties all around Bloemfontein. I would say like 10kms. With that said, I have some that are in the same suburb or some even in the same street.

[@temogorammupudu3879]

Would you advise going to university to study real estate or get a mentor and just start your journey?

[@louisreynhardt]

Having a degree can open many doors to create a high and steady income Just make sure you study something worth the time. I would not invest in formal education for property but rather ,books, courses, mentors and webinars or seminars. This will ne the best and cheapest way to learn.

[@upkamars777]

Yoh brother I need your advice, I have a property already but i don't know weather to sell it or rent it out, and I don't went to say alot here.

[@louisreynhardt]

You can pop me an email at [e-mail] 💪🏻💪🏻

[@Lt.Acid2.0]

When starting out, is it adviced to develop a trust? if yes, when researching my partner found out that there is a lot of tax related to developing a trust.

[@louisreynhardt]

Yes or a company. Trust are taxed at the highest rate but theres legal ways around it. Thats where a good accountant comes in 💪🏻

[@Lt.Acid2.0]

​@@louisreynhardtCan you give me a single example if the ways to get around trust taxes.

[@louisreynhardt]

@Lt.Acid2.0 loans, or the conduit principle. Check out my latest video

[@jacquesventer3170]

Did you start out with a trust or with a company?

[@louisreynhardt]

I started with a Trust and As I progressed, I added more trusts and PTY's

[@jacquesventer3170]

@ appreciate the reply

[@zakhelemhlongo3321]

Hope you’re good big man Nice break down on the budget I would really appreciate if maybe you can help me I’m selling my property at KZN getting insights n viewers but haven’t sold the property it’s been 3months now it’s up on property 24 and remax still not getting a buyer would really appreciate to get any info and how maybe I can sell as soon as possible as it is giving me a headache

[@SoloVentureExplorer]

Great video Louis. Looking to invest into something similar in the future. The video provided great insights. Great work and thanks for the transparency. Much appreciated

[@louisreynhardt]

Great stuff. Thanks for sharing and Goodluck with your futureprojects. Appreciate the positive feedback 💪🏻💪🏻

[@sekgupimoleme9024]

have any of your properties in Bloemfontein been rezoned successfully? the mangaung municipality is proving to be difficult with me.

[@louisreynhardt]

@sekgupimoleme9024 Unfortunately not, only provisionally approved. Government issues eish

[@daniebotes3894]

I lost interest during this video. I find that there is a difference in flipping a property and making a profit compared to buying a property and turning it into a business. Not the same. My interest in this video started with flipping properties to make a profit and in this video, I learned that it's actually a very good video of how to start a business rather.

[@louisreynhardt]

@daniebotes3894 I dont flip properties. Why would I sell a property that generates cash every month. If you want to see flippers have a look at Big Pond Property on KZbin. Im sure you will enjoy their content. 💪🏻💪🏻