Property ownership in SA is overrated! The cost of buying and owning property is expensive. The running of property is high via levies, rates, maintenance, insurance etc. Municipalities are under preforming yet rates increase annually. The heavy increase in electricity is also not helping. Defaulting tenants are also increasing. Black children have entered the property market late. Prices are high, even in the township. It's crazy! Lots of middle class people are priced out of property!!
We are not late , there is also more money available to us than previous generations, we can literally make as much money as want we just have to educate ourselves and work for it. We live in the Internet era things are different for our generation. We can afford land and property
As a homeowner and landlord, owning a property cannot be overrated. The best route is to pay cash for property or pay off bond asap. The long term returns of owning a property is worth it!
2 роки тому
This is great. Rent to buy. ua-cam.com/users/shorts0iX9c4zM69s?feature=share
It is not a win-win situation either, in as much as owning property could be seen as an ideal position for an ordinary average income earning South African, there are cons as well that come with owning property which many owners aren't prepared to talk about. Especially owning an apartment or township house. (i.e. restrictions and lack of autonomy, small space, high levies, and etc.). I however believe that stand alone properties are better and have less hassles, especially when one is not looking to rent out a property.
Bought my first property last year at 26yrs and decided to lease it and are renting out in Kasi. It has been such a journey with everything I had to learn through the ownership process. It's currently doing well and I'm grateful for the decision. I just wish I could get tenants to occupy for longer periods
@@vince9577 You just have to identify a feasible area and view different properties to make an informed and well-thought out decision. You want a place that's going to be easy to get tenants for and make some money from.
I am a homeowner, I do not have regrets - I would do it 1000 times over if given a chance. I would rather endure the headache that comes with home ownership than pay the R12 000 to rent, I pay that amount towards MY HOUSE!. With that said, people should do what is best for them, both options are acceptable depending on one's needs and situation. neither is wrong. Thanks, Nicolette for the great advice.
Unfortunately not everyone qualifies for a bond...i always used to wonder why people would pay 8500 to rent my townhouse rather than get their own,but then i heard many people saying because of their other responsibilities they just dont qualify for it
Hello Nicolette, I’m happy I came across this video. I don’t feel that bad anymore for not being a homeowner yet. The right time will come. The excitement is always around a owning a home and not the expenses come, I’m not there yet.
@@FinancialBunny Yes thank you girl, I also feel the same. I was feeling guilty for not being home owner and parents putting pressure. Life at villages is not that same as life in the city. They do not understand.
2 роки тому
Awesome. Rent to buy is s good investment. ua-cam.com/users/shorts0iX9c4zM69s?feature=share
You bought properties in estates. Free standing houses don’t have levies. I own four properties and I only pay levies in two properties. The other two it’s just rates. Buying is definitely best for me. One of my properties covers the cost of two houses through rent.
NICOLETTE ALWAYS STRESSES PERSONAL FINANCE!!!!!!! BEEEEEEN SAYING THIS. PEOPLE ARE SO OBSSESSED WITH OWNERSHIP IT TAKES AWAY CRITICAL THINKING. LOOK AT YOUR OWN LIFE!!!!!!! PERIODT!
In fact this conversation shouldn't even be had because at the end of the day we all want different things, people like shoving their ideas and life experiences on others
What I did not realize about coming across this video, was that 'what I thought I knew, I actually did not know what I thought I knew'. Thank you for this eye opener
I always feel better after watching your videos. So much knowledge and insight. This is one of the things I hate hearing from my parents "you need to buy. You're paying R5K every month for rent, that's a bond. Get a bond". It's good to hear someone actually reason with sound for once. Thank you
Suggestion 1: it's best to have back up tiles, as the batch may be discontinued or will not find same shade. Suggestion 2: when having tenants, I find it best to have vinyl flooring. As it is easy to replace when damaged. Also have a backup of that.
A relevant conversation indeed ! I also realized that Most lease agreements have the rental cost + levies as an obligation to tenants nw all due to landlord trying to shift costs from him
I'm sooo happy I came across this video, I'm recently renting and I was thinking of owning next year because I somehow felt guilty for renting but now you've just certified what I was feeling. I'm not ready. Thank you for this vid honestly.
Yup. I previously bought because I thought at my big age I must. A old fixer upper nog al. But I had a conversation with myself and sold it. I'll probably buy again when I can afford the area I like and financially comfortable to maintain it AND afford the rates in that area 🤷🏽♀️ Edit: when you talked about rotting skirting boards I had traumatic flashbacks 😂
I'm a 1st time home owner and now considering selling and looking for a place to rent. I want to start over but doing it the right way this time. Sure I can afford the monthly installment but everything else that needs to be fixed on the house is now adding up!!!
Yup , property ownership is no trend like #GirlswithAMGs 😂! It’s a loooot! Right now rental business is horrid! much as you can buy at cheaper interest rate , trying to get rental that can cover the cost is a huge challenge in this covid climate . My motto is if the bank offers you R10 mortgage , go for R5 . That way even if you have challenges you can still pay from your own pocket
Fully agree with this. Personal Finance is personal and although we would love to have standardised answers for everything, it really does depend on a number of factors that are specific to an individual. I think you've laid this to rest.
Given a choice, Id rather pay 30k bond and accept headache that comes with it than pay half of it in rent,, with bond i'm investing, with rent i'm spending. At the end of the day it will be worth the headache
So true, I know a couple of people that would be surprised why we were still renting, owning ain't that simple, surprisingly, they are still renting even now
I calculated buying and I can only afford a 2 bedroom apartment in an ok area (that I am currently living in) but a declining area that will be a township in 5 years max. I am from the township and really want to move into the suburbs. My mom said I can just rent it out when I can afford my dream home but my neighbors do not pay rent, actually alot of people in this area do not pay rent on time because this is an affordable area. So nje I would rather be bonded with a bank in my dream home. PS: I am in my early 20s and starting everything from scratch no help from parents so nje hayi when the time is right I will not force things
Thank you for this video. Please please can you do a detailed video explaining the process of getting a building loan and then how it actually works once approved to the finished house. Hope my request makes sense. Thank you
Hey Nicolette, greetings from Cape Town ❤️. Very timely video. Thank you for this information. It's great having properties but all the additional costs can be a headache 🤕🙄
Hey Nicolette. Currently reading the book you had in your video by Jason Lee Making money out of property in SA. Can you please make a video of the type of clauses to put in your lease contract for tenants renting from you as to protect yourself as a homeowner. Thank you for all the videos your making. Really learning from you, appreciate you queen ❤️👑💯👌
Crazy how I only see this video now after I almost bought a house. But i thought that I'm still young I'm gonna get bored and i just needed my own space so I'm renting. Not bad but I'm also learning to save enough money to be able to buy one day so it's in the cards but not now. I dont need a permanent place so mean focus now is learning how to invest for the future, working hard, making connections and just living my life by my own means.
I been renting for the last seven years in my life and now I'm regretting,I wasted money busy paying someone bond but now I bought the house,and I'm really happy with my decision,before I was paying around 7500 rent including everything but now since I bouthg my house 4 years ago I have been paying around 12000 including everything and now the rates are lower I'm paying around 9800 for everything,for me I would rather buy than pay rent for someone else
This was exactly my reasoning :if you not staying home, then you will pay for a place to stay. Its then up to you if you wanna pay towards something that you will own, or that belongs to someone. Yes, having own property comes with additional costs, but so does renting, especially when you 'deliberately' break something and need to be liable for that. I could write a lot more but i will leave it here. Side note, I'm waiting to move into my new property as a first time buyer
I don't think the conversation needs to stop. It might be boring for you but it is informative to professionals and the likes who are at a cross-road on where to go next
Everytime when I buy property I inspect it first and try to look for any visible faults then try to negotiate a lower price,and once I buy the property I fix everything and I often hire professionals who are really good at their jobs,I replace everything that needs to be replaced so that I don't get to deal with complaints from my tenants but if they break anything,they have to pay!!! (Rent if you wanna rent and buy if you can afford it) Great content,we appreciate it and may God bless you with more properties 🙏🏼. Lastly,you intelligent and beautiful are you single? 😁
Hi Nicolette. I really enjoyed this video. You gave really great content, which was well researched. I enjoyed the way you brought in your personal experiences that we can learn from. Thank you for taking the time to teach us about this really important discussion which I am sure will be with us for many years to come.
I feel and know your pain. Being a homeowner in SA is too expensive. It looks like City of Joburg is punishing people for making an effort to live in a better place. Not everyone living in a proper complex is well off, sometimes that's the effort they need to make to offer their children a different reality from the one they were raised in. But the city wants to push you back to the village or township with such high rates.
hahaha as for die a quick death 😂 Hey Nicolette, I'm just glad i watched this video cause at some point i was convinced it might work or maybe my timing is wrong, so ive been trying to rent out a flat and Dzamn its been 7months now and im even thinking of seelling it once and buy a house cash its stressful.😒
a very good content i am so into property and so many people dont understand that even if we have rental properties,there is a lot we go through,i am happy you pointed all the things,and to add on the list,gardening services also need to be paid.
Pros&Cons 😅. I'd have an equivalent of an appraiser around(more hands on) when dealing with property and relative entities. These people will rip you off. Theres nothing Greater than having Ownership or Majority. The idea of working for oneself than others. Individuals Of Quality Produce Quantity Once again appreciate the value&time put in 💐 Great color For a great day well on my side...😊
This is so important!!! Especially us black people who are 1st or 2nd time generation home owners. White people already know going in most of the time because this has been a norm for forever for them. Thank you! I now feel stress free but I appreciate the Boss and Queen you are and definitely aspire!
Thanks for your informative videos. For all your property needs look up Trafalgar property management they really manage your property well as a owner, rentals and sales. Trafalgar the way to go
Ous Bunny, listen..you are doing the Lords work by telling us these things that people dont want to talk about in an open and honest sense!!! I pray your pocket grows Ousi coz this truth must come at a premium!
THANK YOU!! You can't be owning cars and property when you want to travel the world for months until your last days. 😂Better to use that money for travel insurance.
Loved the video, I only feel that this kinda confuses Rental property as an investment and Home owning for living purposes. So I'm a bit confused but nonetheless excellent video👏
Rental property as an investment has the same costs she mentioned, plus the pressure of making sure that the tenant is satisfied with the property. Yes, the rental income is great, but you still have to pay the costs associated with owning the property. Depending on the income and costs, and the satisfy-the-tenant pressure, the net income might be, or might not be, worth the investment. With owning the property as your home, you have the option of house hacking, that's if you don't mind possibly living with total strangers... Look at your numbers, and consider your preferences.
Hi Nicolette Wrt the tenant moving out for a few days while your team fixes the tiles, who is responsible for housing them in the interim? Is it you or do they AirBnB themselves?
Really weary of buying property cause I don't want to struggle selling property should I decide to work overseas. Renting is suitable for global nomads...I do hope when the time comes to put roots I can afford to buy a home.
A typical person who will say it is better to rent , is a landlord because they want you as a customer . If everyone owns , who is gonna rent their properties? 😉
Buying in a developed market is a scam e.g "surbubs", my preferred properties are in the townships, old stand alones and property close to a university, cause you can modify them to increase your income, townhouse have a fix income cause you can't modify them, e.g buy a 3 bedroom house at a township for R600 000 add 3 back rooms the back room give you R2000 per room 3 rooms x3 =R6000 and the main house rent it for R5000 total income coming from the property R11 000, mean you pay R6000 bond and make R5000 profit.
This is something she doesn't touch on in the video, levies are not applicable to all types of properties, if u buy in a gated community like an estate or a complex then levies are applicable also the area u buy in determines the rates and taxes price. Due to security reasons more and more people are buying into gated communities, however, buying a stand alone property in a township makes far more sense, u can build granny cottages to service ur bond, the rates and taxes are significantly lower, no levies are applicable and there's a larger pool of prospective tenants because the rental u will offer is low income rentals, multi-tenanting mitigates the risk of loss of income when a tenant absconds or is unable to make rent on that month. Some people might hate to stay in a township, but u can buy and lease it out then lease in the burbs that's if ur pocket allows for it.
Good day Nicolette and Financials Bunny viewers. Is it possible for one to buy their own house? For example, you bought a house with interest above prime and now you qualify rates below prime and the bank doesn't want to review the contract.
U can get ur application reviewed especially by other banks, I.e. if your bond is with FNB u can remortgage with Absa where they could offer u a competitive rate, the con to this is that u will have to re-register ur bond and consequently pay bond registration fees. The other problem is that if u're 3 years into paying ur bond with ur 1st bank, in this case, FNB, if u hadn't been making additional payments towards ur bond, most likely ud still be paying off ur interest because the 1st 5-6 years you're only paying off the interest on ur bond, then when u re-mortage with Absa u will pay 5-6 years worth of interest added from Absa, that means the 3 years worth of interest paid to FNB has gone down the drain, if the interest rate offered by Absa is significantly lower then maybe it's something to consider.
Property ownership in SA is overrated! The cost of buying and owning property is expensive. The running of property is high via levies, rates, maintenance, insurance etc. Municipalities are under preforming yet rates increase annually. The heavy increase in electricity is also not helping. Defaulting tenants are also increasing. Black children have entered the property market late. Prices are high, even in the township. It's crazy! Lots of middle class people are priced out of property!!
Now this is true
True, the best years to buy property was the 90s and 2000s but that said property prices will only go up, albiet slowly.
We are not late , there is also more money available to us than previous generations, we can literally make as much money as want we just have to educate ourselves and work for it.
We live in the Internet era things are different for our generation. We can afford land and property
👏👏👏👏👏
Say that again. Its so expensive.!! But what can we do. Kuthafu!
As a homeowner and landlord, owning a property cannot be overrated. The best route is to pay cash for property or pay off bond asap. The long term returns of owning a property is worth it!
This is great. Rent to buy. ua-cam.com/users/shorts0iX9c4zM69s?feature=share
It is not a win-win situation either, in as much as owning property could be seen as an ideal position for an ordinary average income earning South African, there are cons as well that come with owning property which many owners aren't prepared to talk about. Especially owning an apartment or township house. (i.e. restrictions and lack of autonomy, small space, high levies, and etc.). I however believe that stand alone properties are better and have less hassles, especially when one is not looking to rent out a property.
@@SoloVentureExplorer so what is your suggestion 🤔
Adulting 101🤦🏽♀️
Congratulations on the 7 properties ma’am, you have done well for yourself 🔥🔥🔥👏🏽👏🏽👏🏽
7 properties 🙌🙌🙌🙌🙌
Bought my first property last year at 26yrs and decided to lease it and are renting out in Kasi. It has been such a journey with everything I had to learn through the ownership process. It's currently doing well and I'm grateful for the decision. I just wish I could get tenants to occupy for longer periods
Hello , where can I start if I want to invest in property ?
@@vince9577 You just have to identify a feasible area and view different properties to make an informed and well-thought out decision. You want a place that's going to be easy to get tenants for and make some money from.
Congratulations on owning 7 properties and thank you for your honesty 💕
I am a homeowner, I do not have regrets - I would do it 1000 times over if given a chance. I would rather endure the headache that comes with home ownership than pay the R12 000 to rent, I pay that amount towards MY HOUSE!. With that said, people should do what is best for them, both options are acceptable depending on one's needs and situation. neither is wrong. Thanks, Nicolette for the great advice.
Actually thinking of buying because I feel like I’m wasting money on rental. R7k a month is a lot. Thinking of going for a house that I can afford.
Unfortunately not everyone qualifies for a bond...i always used to wonder why people would pay 8500 to rent my townhouse rather than get their own,but then i heard many people saying because of their other responsibilities they just dont qualify for it
@@theglen85 true
Hello Nicolette, I’m happy I came across this video. I don’t feel that bad anymore for not being a homeowner yet. The right time will come. The excitement is always around a owning a home and not the expenses come, I’m not there yet.
Yes! Thank you!
@@FinancialBunny Please make an episode about how to start owning property for rental? whats the best way to finance that property in your early 20s?
@@FinancialBunny Yes thank you girl, I also feel the same. I was feeling guilty for not being home owner and parents putting pressure. Life at villages is not that same as life in the city. They do not understand.
Awesome. Rent to buy is s good investment. ua-cam.com/users/shorts0iX9c4zM69s?feature=share
You bought properties in estates. Free standing houses don’t have levies. I own four properties and I only pay levies in two properties. The other two it’s just rates. Buying is definitely best for me. One of my properties covers the cost of two houses through rent.
NICOLETTE ALWAYS STRESSES PERSONAL FINANCE!!!!!!! BEEEEEEN SAYING THIS. PEOPLE ARE SO OBSSESSED WITH OWNERSHIP IT TAKES AWAY CRITICAL THINKING. LOOK AT YOUR OWN LIFE!!!!!!! PERIODT!
So balanced. So wise. Very necessary conversation.
Not balanced.... leaning a lot towards renting
Agree
In fact this conversation shouldn't even be had because at the end of the day we all want different things, people like shoving their ideas and life experiences on others
What I did not realize about coming across this video, was that 'what I thought I knew, I actually did not know what I thought I knew'. Thank you for this eye opener
Thank you so much for this video. My stress has resolved ❤️😊, I will continue renting until I am financially ready
I always feel better after watching your videos. So much knowledge and insight. This is one of the things I hate hearing from my parents "you need to buy. You're paying R5K every month for rent, that's a bond. Get a bond". It's good to hear someone actually reason with sound for once. Thank you
Hahaha they don't know that, that 5k bond is located somewhere you dont even see yourself living that long.
I've always wondered why rent than buy. Thank you for explaining this in a way that makes sense. Now I totally understand why people rent.
Suggestion 1: it's best to have back up tiles, as the batch may be discontinued or will not find same shade.
Suggestion 2: when having tenants, I find it best to have vinyl flooring. As it is easy to replace when damaged. Also have a backup of that.
Don't let people think for you. Do your math people and see what works for you and your circumstances
I absolutely agree with you
@@FinancialBunny please reply my comment
Exactly. It's boring getting advice from old millennials who know nothing about gen Z😭😭😭😅😅😅
@@tondaniraluswinga2590 Well the less said about gen Z, the better. The most sensitive and the most useless generation ever haha.
@@sbonzama7013 okay
I will continue renting for the next few years because of the precarious nature of my career. Thanks for this video.
A relevant conversation indeed ! I also realized that Most lease agreements have the rental cost + levies as an obligation to tenants nw all due to landlord trying to shift costs from him
I'm sooo happy I came across this video, I'm recently renting and I was thinking of owning next year because I somehow felt guilty for renting but now you've just certified what I was feeling. I'm not ready. Thank you for this vid honestly.
Yup. I previously bought because I thought at my big age I must. A old fixer upper nog al. But I had a conversation with myself and sold it. I'll probably buy again when I can afford the area I like and financially comfortable to maintain it AND afford the rates in that area 🤷🏽♀️
Edit: when you talked about rotting skirting boards I had traumatic flashbacks 😂
Sis I feel you 😩
Was it difficult to sell it?
Haven't watched the vid.. but I agree already. Guys let people do what works for them..
hahahaha I mean.
I'm a 1st time home owner and now considering selling and looking for a place to rent. I want to start over but doing it the right way this time. Sure I can afford the monthly installment but everything else that needs to be fixed on the house is now adding up!!!
You and I both. I feel this 100%
May I ask, how long have you had your property?
@@kmo294 almost 2 years now.
Have you considered renting it out and looking for a cheaper place to rent?
@@kmo294 yes we have actually but when we weigh the options it would work in our favour to sell and look for a cheaper place to rent.
Yup , property ownership is no trend like #GirlswithAMGs 😂! It’s a loooot! Right now rental business is horrid! much as you can buy at cheaper interest rate , trying to get rental that can cover the cost is a huge challenge in this covid climate . My motto is if the bank offers you R10 mortgage , go for R5 . That way even if you have challenges you can still pay from your own pocket
Thanks~~~
The red is popping on you, you look beautiful 😍
Thank you for the clarity Nicolette!
I’m learning and getting inspired. You’ve done so well for yourself 🙌🏽🙌🏽🙌🏽
Fully agree with this. Personal Finance is personal and although we would love to have standardised answers for everything, it really does depend on a number of factors that are specific to an individual. I think you've laid this to rest.
Wow. So informative. You always make us look at things differently.🙌🏾
It's so nice to watch you grow💕and see you learn as you go.
You’re phenomenal ma’am. This is excellent.
One can't stop learning....thank you 💕💕💕
Ms Nicollete You have started a conversation that the country as a whole will look back on someday as something revolutionary, 7 properties 👌
Thank you for commenting, endeavor to reach out for enlightenment or investment tips
*+*1*7*5*7* *9*1*8* *9*9*1*4*
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Thank you for this video… first time I’m hearing about all the costs and I’m thinking of buying
Money talks & it screams so loud. Thank u for sharing the figures and ur transparency it really adds more value to the conversation
👏👏👏👏No one talks additional costs. Thanks again for an eye opening content
Thank you for commenting, endeavor to reach out for enlightenment or investment tips
*+*1*7*5*7* *9*1*8* *9*9*1*4*
(W,,,H,,,A,,,T,,,S,,,A,,,P,,,P)
Fantastic video! Thank-you for teaching us through your transparency
Thanks~~~
Given a choice, Id rather pay 30k bond and accept headache that comes with it than pay half of it in rent,,
with bond i'm investing, with rent i'm spending. At the end of the day it will be worth the headache
I agree
true
100% agree
I don't think you understood the message in this video. "It will be worth the headache" DEPENDING ON YOUR CIRCUMSTANCES. It's not binary!
So true, I know a couple of people that would be surprised why we were still renting, owning ain't that simple, surprisingly, they are still renting even now
But thats where u are wrong paying a bond and renting are two different things
I did not say I was right nor I was comparing the 2
Thanks for this. I’m renting but I sometimes consider buying a house then I think about the deposit and the expense.
I calculated buying and I can only afford a 2 bedroom apartment in an ok area (that I am currently living in) but a declining area that will be a township in 5 years max. I am from the township and really want to move into the suburbs. My mom said I can just rent it out when I can afford my dream home but my neighbors do not pay rent, actually alot of people in this area do not pay rent on time because this is an affordable area. So nje I would rather be bonded with a bank in my dream home. PS: I am in my early 20s and starting everything from scratch no help from parents so nje hayi when the time is right I will not force things
🥺🥺🥺true that
Thank you for this video. Please please can you do a detailed video explaining the process of getting a building loan and then how it actually works once approved to the finished house.
Hope my request makes sense. Thank you
Hey Nicolette, greetings from Cape Town ❤️. Very timely video. Thank you for this information. It's great having properties but all the additional costs can be a headache 🤕🙄
Thank you for commenting, endeavor to reach out for enlightenment or investment tips
*+*1*7*5*7* *9*1*8* *9*9*1*4*
(W,,,H,,,A,,,T,,,S,,,A,,,P,,,P)
Hey Nicolette. Currently reading the book you had in your video by Jason Lee Making money out of property in SA. Can you please make a video of the type of clauses to put in your lease contract for tenants renting from you as to protect yourself as a homeowner. Thank you for all the videos your making. Really learning from you, appreciate you queen ❤️👑💯👌
Thank you for this information ❤️😍
Very eye opening video. Thank you Sis
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Thank you for this babe:)....more information and videos where you compare the two, thank you.
Thanks for the advice 👌👌
Crazy how I only see this video now after I almost bought a house. But i thought that I'm still young I'm gonna get bored and i just needed my own space so I'm renting. Not bad but I'm also learning to save enough money to be able to buy one day so it's in the cards but not now. I dont need a permanent place so mean focus now is learning how to invest for the future, working hard, making connections and just living my life by my own means.
Thank you so much for this very informative 👏❤
I been renting for the last seven years in my life and now I'm regretting,I wasted money busy paying someone bond but now I bought the house,and I'm really happy with my decision,before I was paying around 7500 rent including everything but now since I bouthg my house 4 years ago I have been paying around 12000 including everything and now the rates are lower I'm paying around 9800 for everything,for me I would rather buy than pay rent for someone else
Thank you for commenting, endeavor to reach out for enlightenment or investment tips.
*+*1*7*5*7* *9*1*8* *9*9*1*4*
(W,,,H,,,A,,,T,,,S,,,A,,,P,,,P)
This was exactly my reasoning :if you not staying home, then you will pay for a place to stay. Its then up to you if you wanna pay towards something that you will own, or that belongs to someone. Yes, having own property comes with additional costs, but so does renting, especially when you 'deliberately' break something and need to be liable for that. I could write a lot more but i will leave it here. Side note, I'm waiting to move into my new property as a first time buyer
I don't think the conversation needs to stop. It might be boring for you but it is informative to professionals and the likes who are at a cross-road on where to go next
I just bought your book...hope I learn a lot...looking forward to it
Thanks for connecting, there's something new I'll like to tell you about•••
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Thank for being informative and educational 🇿🇦
Beauty with brains. Well explained My Sister. Keep it up.
Thank you for commenting, endeavor to reach out for enlightenment or investment tips
*+*1*7*5*7* *9*1*8* *9*9*1*4*
(W,,,H,,,A,,,T,,,S,,,A,,,P,,,P)
I don’t know why I haven’t seen this. Very necessary topic
Your content is very eye opening 🔥
🙈the darkness some of us were in before you
Everytime when I buy property I inspect it first and try to look for any visible faults then try to negotiate a lower price,and once I buy the property I fix everything and I often hire professionals who are really good at their jobs,I replace everything that needs to be replaced so that I don't get to deal with complaints from my tenants but if they break anything,they have to pay!!!
(Rent if you wanna rent and buy if you can afford it)
Great content,we appreciate it and may God bless you with more properties 🙏🏼.
Lastly,you intelligent and beautiful are you single? 😁
Yerrr your beauty sis, wow. Even how you blink makes you beautiful.
Thank you for commenting, endeavor to reach out for enlightenment or investment tips
*+*1*7*5*7* *9*1*8* *9*9*1*4*
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Hi Nicolette. I really enjoyed this video. You gave really great content, which was well researched. I enjoyed the way you brought in your personal experiences that we can learn from. Thank you for taking the time to teach us about this really important discussion which I am sure will be with us for many years to come.
Thank you.dear sister 💖💖💖💖💖💖💖💖💖💖💖💖
Lol I'm one of those osho njalo, why must I pay rent if house installment is the same😂🏡Thanks Nkosazane
Awesome advice!!!
This came at the right time for me
Renting doesn't sound that bad anymore
Such a fair Nicolette, thank you
I feel and know your pain. Being a homeowner in SA is too expensive. It looks like City of Joburg is punishing people for making an effort to live in a better place. Not everyone living in a proper complex is well off, sometimes that's the effort they need to make to offer their children a different reality from the one they were raised in. But the city wants to push you back to the village or township with such high rates.
Thank you for commenting, endeavor to reach out for enlightenment or investment tips
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hahaha as for die a quick death 😂 Hey Nicolette, I'm just glad i watched this video cause at some point i was convinced it might work or maybe my timing is wrong, so ive been trying to rent out a flat and Dzamn its been 7months now and im even thinking of seelling it once and buy a house cash its stressful.😒
Yes dear property is lot responsibility..especially when you are landlord
Your skin looks soooo good!
a very good content
i am so into property and so many people dont understand that even if we have rental properties,there is a lot we go through,i am happy you pointed all the things,and to add on the list,gardening services also need to be paid.
Thank you for commenting, endeavor to reach out for enlightenment or investment tips.
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Thanks~~~
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Pros&Cons 😅. I'd have an equivalent of an appraiser around(more hands on) when dealing with property and relative entities. These people will rip you off. Theres nothing Greater than having Ownership or Majority. The idea of working for oneself than others.
Individuals Of Quality Produce Quantity
Once again appreciate the value&time put in 💐
Great color For a great day well on my side...😊
This is so important!!! Especially us black people who are 1st or 2nd time generation home owners. White people already know going in most of the time because this has been a norm for forever for them. Thank you! I now feel stress free but I appreciate the Boss and Queen you are and definitely aspire!
You teach us so well❤️
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Thanks for your informative videos. For all your property needs look up Trafalgar property management they really manage your property well as a owner, rentals and sales. Trafalgar the way to go
You must first charge her for breaking your tiles.
It depends where you live. It’s wise to own a property in the U.K. than renting. Renting is actually expensive in the U.K.
Ous Bunny, listen..you are doing the Lords work by telling us these things that people dont want to talk about in an open and honest sense!!! I pray your pocket grows Ousi coz this truth must come at a premium!
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Love love love this. Where have you been all my life?
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I hate how she's changed her voice and lost her originalality to her personal and voice.
THANK YOU!! You can't be owning cars and property when you want to travel the world for months until your last days. 😂Better to use that money for travel insurance.
Homeowner and I am thinking of letting go of the property, I was not prepared for all these expenses wooow
That is CRAZY.
What is Mmabo
Brilliant video!
I need a woman like you in my life🔥🙌🏾💯
Lol she is starting a farm, send cows...
@@mthokosh773 😂😂😂😂dikgomo
Nothing but facts here.
Loved the video, I only feel that this kinda confuses Rental property as an investment and Home owning for living purposes. So I'm a bit confused but nonetheless excellent video👏
Rental property as an investment has the same costs she mentioned, plus the pressure of making sure that the tenant is satisfied with the property. Yes, the rental income is great, but you still have to pay the costs associated with owning the property. Depending on the income and costs, and the satisfy-the-tenant pressure, the net income might be, or might not be, worth the investment. With owning the property as your home, you have the option of house hacking, that's if you don't mind possibly living with total strangers... Look at your numbers, and consider your preferences.
Hi Nicolette
Wrt the tenant moving out for a few days while your team fixes the tiles, who is responsible for housing them in the interim? Is it you or do they AirBnB themselves?
Which company are you ensured with for your rental properties?
Really weary of buying property cause I don't want to struggle selling property should I decide to work overseas. Renting is suitable for global nomads...I do hope when the time comes to put roots I can afford to buy a home.
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❤️❤️❤️❤️thank you
Can I increase my credit score before buying a house until I can reach the below prime score?
A typical person who will say it is better to rent , is a landlord because they want you as a customer . If everyone owns , who is gonna rent their properties? 😉
Can you please share with me what phone or camera do you use to record videos🇿🇦
I use a canon 6D
Buying in a developed market is a scam e.g "surbubs", my preferred properties are in the townships, old stand alones and property close to a university, cause you can modify them to increase your income, townhouse have a fix income cause you can't modify them, e.g buy a 3 bedroom house at a township for R600 000 add 3 back rooms the back room give you R2000 per room 3 rooms x3 =R6000 and the main house rent it for R5000 total income coming from the property R11 000, mean you pay R6000 bond and make R5000 profit.
This is something she doesn't touch on in the video, levies are not applicable to all types of properties, if u buy in a gated community like an estate or a complex then levies are applicable also the area u buy in determines the rates and taxes price.
Due to security reasons more and more people are buying into gated communities, however, buying a stand alone property in a township makes far more sense, u can build granny cottages to service ur bond, the rates and taxes are significantly lower, no levies are applicable and there's a larger pool of prospective tenants because the rental u will offer is low income rentals, multi-tenanting mitigates the risk of loss of income when a tenant absconds or is unable to make rent on that month. Some people might hate to stay in a township, but u can buy and lease it out then lease in the burbs that's if ur pocket allows for it.
Which township you can rent out a room for R2000 and find tenants and how much will it cost to build the 3 rooms?
I do love ownership so as moving around. So if I move I sell and buy where I moved to
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Can you make your next discussion about renting to buy?
Thank you for commenting, endeavor to reach out for enlightenment or investment tips
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Very informative 👌🏾
Aluta continua💪🏿
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How does it work
Good day Nicolette and Financials Bunny viewers. Is it possible for one to buy their own house? For example, you bought a house with interest above prime and now you qualify rates below prime and the bank doesn't want to review the contract.
U can get ur application reviewed especially by other banks, I.e. if your bond is with FNB u can remortgage with Absa where they could offer u a competitive rate, the con to this is that u will have to re-register ur bond and consequently pay bond registration fees.
The other problem is that if u're 3 years into paying ur bond with ur 1st bank, in this case, FNB, if u hadn't been making additional payments towards ur bond, most likely ud still be paying off ur interest because the 1st 5-6 years you're only paying off the interest on ur bond, then when u re-mortage with Absa u will pay 5-6 years worth of interest added from Absa, that means the 3 years worth of interest paid to FNB has gone down the drain, if the interest rate offered by Absa is significantly lower then maybe it's something to consider.
Yes, its called refinancing.