What is Properties24.co.za all about?

We are all passionate about property, 24 hours a day, 7 days a week , 365 days a year. 

I request that we all use this Blog to educate one another about property.





It is a great way to create wealth.

(Lots of money can also be lost - if you do not educate yourself)

What Property means to me?

Property to me currently means:

1. Real Estate Property
Buying and Selling
Buying and Renting out


Commercial
- It always sounds if the real money is made here


Residential
- I prefer this above Commercial - possibly because I have much less experience with Commercial and I don't have the right systems in place for Commercial.




2. Website Property

Buying and Selling
Buying and Renting out

Make 25% to 100% on R200,000.00 per annum in legal contracts.

Offer to be discussed in detail?  (Only to friends)

Pros:

1. Be in control

2. Little Risk

3. No marketing or selling

4. Risk reduced through contracts and guarantees

5. Property Developer with more than 15 years experience, NHBRC registered, and seasoned property investor.

6. Invest in legal contracts with the worse case scenario being property at R100,000.00 below cost.

Cons:

1. Limited opportunities - might only be able to partake once - or a limited amount of time

2. There will be tax implications

3. Good credit record is required

Conditions:

How it works?

1. You apply for a building loan via one of the 4 major banks

1. You purchase a stand in a upmarket security estate

2. Have a choice of 3 popular upmarket rental houses built on stand

3. Recover your R 200,000 investment after 6 months

4. Choose to keep your investment property, Sell it for R50,000 more, or sell it for R100,000 more with your finance transferred to our Upmarket Rental Property Investment Trust

5. Options: Rental Guarantee for 12 months @ R15,000 per month

50% Partnership to my friends and family members

For exactly 10 years this year I have been proposing that my friends and family invest in residential rental properties.

This started  after it took me 5 years (from 1998 to 2003) to discover how I was making money with Residential Rental properties myself.

It frustrates me to see how little of my friends and family actually took the first step.

Now you might ask me:

Why would I like you to make money?
What is in it for me?
etc etc.

One would like to see your  friends and family prosper  - The more money people have around you the more opportunities there are for everybody around you.  
Also, Instead of continuing to see you NOT take action maybe i can help, and profit in the process.

When I ask why have you not invested in Residential Rental properties I get the following responses.

1. I have, I bought myself a house (the house I live in, or the house i operate my business from)  * This is not a Residential Rental property; and does not come with the same advantages.
2. You make so little on property for the effort of a tenant phoning you on a weekend.
3. What do you do if the tenant does not pay?
4. I don't know enough - It sounds complicated
5. Squatters!!
6. What happens if your property is destroyed by the tenant?
7. I am scared.
8. Who handles all the admin, rates and taxes, levee, electricity ? 

I look at all above as excuses and not real issues...... BUT I have decided that I will make the following offer.

If you are interested in making money by buying residential rental properties with me - I will be prepared to go in 50/50 partnership with you and I will cover 100% of  all the costs of the above problems. That is my guarantee to you.


Let me know via reply email if you are interested ? chris@notebook.co.za

Christopher


PS: I have always mentioned to my family and friends that I would STRONGLY advise them NEVER to buy property in a Partnership - I  still advise that.  When we "partner" 50/50 we will have a company created where you (or a trust) owns 50% and my property trust owns the other 50% of the company which will own a property  - having a company created is totally different than a conventional partnership. It removes a lot of the risk for the other party, and it creates a clear exit strategy when created correctly.

PSS: Other questions that will follow - Do you have capital to invest?  how much?  How soon do you want to profit? How much do you expect to make in Rands and/or % per annum or for period ?  Do you have a clean credit record? Do you know if you will qualify for a home loan and how much? If you cannot answer any of these questions please feel free to say so - so that i can assist.

PSS: If you know of people that are in financial trouble that have property please let me know - We should be able to structure deals to help them and ourselves.