With a Price this LOW, Something MUST be Wrong...

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[@Madiela]

Man I wish I can get a stable job so I can start doing this also

[@callingrantham2553]

You will get there! Keep trying!

[@LaurensBoel]

One step at a time! :)

[@Madiela]

@@LaurensBoel thank you

[@TulkuSerenities]

You will, I believe it !

[@forgotmyname11]

Why did nobody else buy this up? Weird almost too good to be true

[@LaurensBoel]

Lack of education is probably the biggest barrier to others doing this.

[@lungilelinda604]

Omg that was a steal

[@LaurensBoel]

I know right 😅

[@vdm568]

Well done!

[@LaurensBoel]

@@vdm568 🙏🙏

[@techwizpianist1654]

"Your best deal of 2023"🤔

[@LaurensBoel]

@techwizpianist1654 yes. I schedule content up to 1 year in advance.

[@TELLOBETHYNAME]

​@@LaurensBoelThat's a good idea. Especially with construction 🏗️🚧 based content 👌🏽

[@roryadendorff8151]

Amen Bro beans 🫘 Keep doing more ,growing and sharing...God bless 🙌 🎉

[@LaurensBoel]

Thanks, and will do ;)

[@gailpool4042]

Poor quality tenants are rife. They pay for the first two months and then squat. You’ll have to get a court order to get them out. I’d be very wary of buying up flats in crime ridden areas.

[@LaurensBoel]

Absolutely, managing tenants can be tricky, but the drama is part of the charm. We've got a tight tenant screening process and effective eviction strategies, which we barely use BTW. Let's face it - every business is a game of high stakes poker, and every entrepreneur knows that risk is just the entry ticket to the wealth-building show. Me? I'd rather play the game and chase the big wins than sit on the sidelines of employment counting pennies till retirement. You gotta risk it for the biscuit, and let the crumbs fall where they may!

[@bronwankhan3323]

Well said 👍

[@Fibonacci_r56]

​@@LaurensBoel I need to buy your course.

[@LaurensBoel]

@@Fibonacci_r56 go for it :) www.udemy.com/user/laurens-boel-2/

[@pamelasue5692]

Hi there! Is there a business reason why you'd rent out a 3 bedroom unit without a stove? I feel that when a tenant brings their own stove solution (two-plate, etc), it becomes a fire hazard, plus potential damage to counter tops. I know nothing about owning property. Just from observation as a serial tenant (lol). Thanks in advance! x

[@LaurensBoel]

Hi Pamela, there is pros and cons to every decision. To provide a stove can help you attract a good quality tenant, but it can also be costly if a tenant breaks the stove early in their tenancy. We have opted to put stoves in, but have also agreed terms in the lease agreement that the tenant is liable to pay us back should they break the stove within a certain time period.

[@niKolasBedoya]

…interesting indeed Keep the good work Meneer

[@LaurensBoel]

Thanks man :)

[@jasonmamma3332]

Hi, I am a fellow south african, 19 years old I love watching your videos, you have thought me alot and I am super great full Looking forward to purchasing and renting out my first property😁

[@LaurensBoel]

I appreciate your enthusiasm for improving your financial situation, especially at a young age. Starting in the property market is a smart move, and you're on the right track. Here are the key elements you'll need to get started: 1. Stable Income Stream: Having a consistent income source is crucial for managing expenses and securing loans if needed. 2. Good Credit Score: A good credit score is essential for obtaining financing from banks. It shows lenders that you're a reliable borrower. 3. Seed Capital: It's wise to have some initial capital to cover expenses like a deposit, legal fees, or repairs. Having at least R100,000 is a reasonable starting point. 4. Knowledge: Educate yourself about the property market, including areas like property valuation, market analysis, legal aspects, and property management. Knowledge is your most valuable asset in this field. Check out my content on Udemy: www.udemy.com/user/laurens-boel-2/

[@ThabsiMthethwa-Z.]

Welcome back to SA Laurens😊 .... That was a good deal at good price...My take is the maintenance and service rates could possibly be high and could be a reason for the reduced price or you were just lucky to get a seller who was fatigued from too many offers. Was it from Private auction or Sherrif auction ? ... Love the work done on the units👌🏽

[@LaurensBoel]

Thanks :) it's good to be home. A bit of both. It was a very fatigued and motivated seller and the building needed ALOT of TLC. At auction, you can sometimes get lucky, and this was an example of that. This was from a private auction. And thanks, I think the units look good too :)

[@ThabsiMthethwa-Z.]

@@LaurensBoel 👌🏽Great one.

[@mrsebastianhendricks]

Thats such a steal!!!!!!

[@LaurensBoel]

Agreed!

[@TELLOBETHYNAME]

I'm sooooo jealous 🙆🏽🙆🏽🤤🤤, what a STEALLLLLL!!! Good luck on project man. Hoping all goes the work goes well till to-let day👌🏽😎😎

[@LaurensBoel]

Thanks :)

[@jaybakardi5470]

I bought similar properties on a bigger erf in East London Rsa, The selling price was R700k, absolutely nothing wrong besides the land looking like an overgrown forest, and the whole building needed paint. This property was left to 3 nerds who knew nothing of what they had, but they had initially put it on the market with no luck, i was referred to this property by one of my clients and I just made an offer of R650 and that was that. Most of the properties i buy are intercepts and i make sure i always have cash to get the property before they have time be think about it.

[@LaurensBoel]

Awesome job!

[@marcusmoonstein242]

If you like these kinds of properties you should look in the old south of Jo'burg. I'm a landlord and have five properties similar to this spread from Rosettenville to Forest Hill. There are literally hundreds of small flat blocks like this in the area, so new stock is constantly coming onto the market. In addition there are few property investors actively looking for new stock in the area at the moment, so prices haven't moved in five years or more. The returns are amazing if you can stand the risk.

[@LaurensBoel]

@marcusmoonstein242 thanks man. I've got a number of buildings that side too. I've created case studies on them as well.

[@sihlemasondo2898]

Thank u very informative good content can I ask.qich auctions do u attend

[@LaurensBoel]

You are welcome. There are many you can choose from. I don't have a preference really. It depends on what deals they have on offer.

[@EmmanuelNyamutambo]

You so blessed man

[@LaurensBoel]

Can't argue that ;) But remember, the harder you work, the more you try, the luckier you will get. Don't give up, and keep chasing your dreams 🙏😎

[@Amôpeacekg]

Hi do you purchase properties under your personal name or under a company?

[@LaurensBoel]

Hi Abby, under a company as the tax rate is a lot more efficient than under your personal name.

[@Amôpeacekg]

@@LaurensBoel thank you brother. I will be following your content to learn more.

[@brendontuhwe5317]

How do you avoid "protection fee" issues ive heard its a rising trend at the moment?

[@LaurensBoel]

I believe that hijacking occurs when the landlord doesn't look after the building and the tenants. Then opportunisitic criminals take advantage. But if you are a good landlord, you maintain the property well and ensure your tenants are happy, hijacking is a low risk. In 10 years of investing, I've never experienced any threat of hijacking or protection fees at any of my buildings.

[@tbangbangsa]

what a steal

[@LaurensBoel]

Indeed 🤑

[@PhillipMasemola]

I have to say! I love what you've done. I appreciate you giving us access to to such investmets.

[@LaurensBoel]

@@PhillipMasemola thanks

[@GeorgeOfTheJungle.]

There's deals like this and even better all over the show especially block of flats. You invested close to R1.6 million in cash to make R9K pm fully let. You still need to write off app 15% pm on losses (maintenance, empty units and headache payers/tenants) - In post covid you'll need to keep dropping your rent to be fully let or your empties will equate to at least 10% of the building or townhouse complex. Jobs are a problem at the moment thus owners will keep fighting for tenants - However life is about chance and risk and we need to take it whenever we can - Wishing you guys every success

[@LaurensBoel]

The cashflow is low because we refinanced the property and pulled out most of our capital. The R9k cashflow is post tax and a healthy 20% provision for bad debts and maintenance. Quality tenants are hard to come by, but providing quality finishings does help. I appreciate your well wishes, but we don't need luck. We have experience 👍

[@GeorgeOfTheJungle.]

@@LaurensBoel Again, wishing you the best of luck

[@maphadiletsoalo8095]

Out of curiosity why didnt you replace the bath with showers?

[@LaurensBoel]

We had to prioritize the renovation budget, and unfortunately we couldn't afford to do showers as well. Once we've had the property for a couple months and started generating revenue, we could consider doing that.

[@maphadiletsoalo8095]

@@LaurensBoel That makes sense thank you🙏🏿

[@OraL925]

happy to help with any smart/prepaid metering requirements :)

[@LaurensBoel]

Thanks, but I'm already sorted.

[@deepsport5559]

Where is your approved building plans and occupation certificate?

[@LaurensBoel]

@deepsport5559 why do you care? Anyway, those docs are safely with me 👍

[@deepsport5559]

@LaurensBoel just asking so I can also learn about the process and get my things done correctly

[@LaurensBoel]

@@deepsport5559 you can get plans from the seller, council or get an architect to redraw them

[@katlegostephen465]

Which auction's do you use to source your deals in JHB?

[@LaurensBoel]

I don't have a specific auction house. It depends what stock the auctionneer has whether I will attend their auction.

[@morgenzonsupermarkethardwa427]

Hi there! Where is a good place to start to start looking?

[@LaurensBoel]

@@morgenzonsupermarkethardwa427 you can check out SheriffHQ for public auctions.

[@nontomdunge6279]

Where can we get property deal sources in South Africa

[@LaurensBoel]

You can get deals from online platforms like Property24 and Private Property, or via auctions, agents or direct with sellers.

[@lehlogonolobaloyi19]

that was a steal😍

[@LaurensBoel]

Indeed :)

[@alexanderolls]

Bro. Where do you find these places? Trying to find a good website. I suppose thats the trick.

[@LaurensBoel]

It's taken me 10 years of hard graft to make investing look easy. These deals are hard to come by.

[@jasonmamma3332]

Where do you find these auctions🙃

[@LaurensBoel]

Search google and SheriffHQ

[@mrsebastianhendricks]

Is there a link to a online trust worthy property auctionioneer?

[@LaurensBoel]

Sorry, but I can't share contact details on social media.

[@Quartertosuccess]

First time seeing your video and I love the content. Very educational. Do you have a masterclass or would be able to take someone under your wing?

[@LaurensBoel]

Welcome to my channel and glad you are enjoying my content :) I don't do masterclasses, but I do have short courses on Udemy (www.udemy.com/user/laurens-boel-2) and I have a one-on-one coaching program where I help investors buy property. For more details, check out my website: laurensboel.com/property-coaching/

[@Quartertosuccess]

@@LaurensBoel thank you very much. I will be sure to check everything out

[@garrenevans6031]

I would love to join your program but the 100k and seed capital, is worrying does this mean I cannot join it I don’t have that?

[@LaurensBoel]

Hi there, unfortunately not having seed capital would prevent you from joining my program. My program is all about practical application of the theory and if you don't have the seed capital to execute a deal, then the coaching isn't valuable. Save up the R100k and then reach out to me :)

[@DewaldtBotha]

How do you handle tenants sub letting? Attracting lower quality tenants

[@LaurensBoel]

We have zero tolerance for sub-letting and do quarterly inspections. By providing a good quality product and doing thorough vetting of tenants, you can reduce the risk of delinquency.

[@willemdelange5042]

​@@LaurensBoel no matter what you do, if they decide to stay they will stay

[@LaurensBoel]

@willemdelange5042 I have 10 years of experience and haven't had an issue with squatters. Every business has challenges, it's about finding ways to solve them that's earn you a profit.

[@willemdelange5042]

@@LaurensBoel think in future it's going to be a huge problem.

[@RicardoT-mx1tp]

How much is a one on one mentorship with you ???

[@LaurensBoel]

Hi Ricardo, it depends what kind of strategy you are trying to execute and how much time capacity I have available. You can find out more details on my website and book an intro call where we discuss the options. laurensboel.com/property-coaching/

[@junique212]

Damn, that's the price of RDP house in the Overberg 🤧🤧🤧

[@LaurensBoel]

😅😅

[@user-eb7wv5wt3j]

But do you know some of the places on Jozi? i will give you 3 months and you will cry, people don't wanna stay in that place it's not safe. Some of this fools are misleading people just to create youtube content, Jhb is a lost place and it's crap.

[@LaurensBoel]

@@user-eb7wv5wt3j I'm curios, do you own any properties here, or are we just trading rumors today? Sure, Jozi's not without its drama, but writing it off? That's like saying you shouldn't invest in tech because you once forgot your email password. Property remains a top-tier choice for building wealth-just ask any mogul. I dive into the riskier markets, but that’s where my decade of experience and a rock-solid team pay off. Our properties are secured with electric fencing, safe parking, and alarm systems, attracting more tenants than we have space for. Misleading? You are crazy. Subscribe to my channel, you might learn something.

[@TELLOBETHYNAME]

Youve got my like + sub, its my first time coming accross your content and me likey👊🏽😎

[@LaurensBoel]

@@TELLOBETHYNAME welcome to the tribe 🙏

[@AmogelangMatlala-cq2pz]

damn goat how do I start this

[@LaurensBoel]

Get the knowledge :) My KZbin and Udemy are full of options

[@sv_endless6340]

What is the auction site name

[@LaurensBoel]

I can't remember, the agent contacted me directly.

[@gamers9239]

if you want to start a small business with a quick turnover, just let me know.

[@LaurensBoel]

Thanks, but I'm not interested. My time is very stretched into my various projects at this stage.

[@johnn8669]

Do you provide one on one mentorship

[@LaurensBoel]

Yes I do. You can find more information and book an intro call on my website: laurensboel.com/property-coaching/

[@mamotshabiprincessmolete6161]

R500 for 12 months? ​@@LaurensBoel

[@LaurensBoel]

R500 for intro call. 12 month coaching program is much more expensive

[@willemdelange5042]

Mmmmm and what happens to the non payers

[@LaurensBoel]

They get evicted...

[@willemdelange5042]

@@LaurensBoel How?

[@LaurensBoel]

@@willemdelange5042 that I can't share on social media.

[@willemdelange5042]

@@LaurensBoel And that is the problem!

[@LaurensBoel]

@@willemdelange5042 fair enough. The solution is simple then, find another asset class and don't invest in property. Best of luck!

[@AbcdEfgh-zp1sn]

Have you any issues with bad Tennants , not paying etc?

[@LaurensBoel]

Yes, in over a decade of investing in higher risk areas, I've had my fair share of bad tenants. Deliquent behaviour is part of the territory. With a good vetting process, it's possible to reduce the risk by only placing quality applicants.

[@kreativekraal]

i'm definitely subscribing to your channel and will be in contact with you for your mentorship programs. keep the videos coming Thank you

[@LaurensBoel]

@@kreativekraal thanks

[@thatomolefe6849]

Please advise which Auction House did get this steal property from ?

[@LaurensBoel]

I can't remember. It's less about which auction house and more about what stock that is available. I don't mind buying from any of them, as long as the stock is good. Focus on the stock, not the brand.

[@orefileramaphakela2995]

I am keen to meet you and hopefully create something great. I’m 24, an entrepreneur and an analyst in a bank.

[@LaurensBoel]

Awesome, looking forward to working with you :) Book a call with me on my website when you are ready to engage!

[@godlyking301]

Laurens why didn’t you make this a series atlist 3 episodes 😢😢😢I love house Renos

[@LaurensBoel]

Sorry man, I don't have enough time to do series of content. Too busy building my portfolio ;)

[@martinvanrensburg4441]

Kak arear Crime is high

[@LaurensBoel]

Insightful comment, thanks.

[@user-eb7wv5wt3j]

Dude you must be crazy, who wants to stay in that place ? many of us are running away from places like that it"s not safe anymore and you will have problems with black people renting on future. i will not even stay in that place for free.

[@LaurensBoel]

Thanks for your input, but guess what? We filled all 7 flats in under two months with good tenants who have affordability and decent credit scores. And they appreciate the condition of the building and close proximity to city centre. As for your offer to stay for free? We're all booked up-and frankly, we only have room for respect here, not racism or negativity.