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Luxury Homes at Affordable Rentals and other investment opportunities

In South Africa, if you were to buy a home of R3million - and took out a 70% mortgage bond - you would find yourself paying out R25 000 per month on the repayment. You could rent that same home in a good area for about R15 000 per month. Click here to find our Luxury Home Rentals. My recommendations to you Mr Buyer - get your foot into the market - buy an investment property in a good area where there will be growth, buy something you do not have to live in, so a cheapie, an apartment for R400 000 or so and rent it out for R3300 per month, almost covering your bond - don't forget you would need to set aside rates and taxes money and the levy, so another R1000 roughly should cover that. You could then rent a home, the calibre you would enjoy, and still have an investment property. You can keep buying investment properties - because before you know it - the rental will cover the bond and you will be able to buy another opportunity. There are even some commercial offices in prime growing areas that can be purchased at good prices with a lease back for 2 years! I have a 35 sq m office in a good position - in an area that will grow commercially over the next 5 years and close to the Cape Town Film Studio, on the cusp of the winelands - for sale for R395 000. The owner wants to be there, so will lease it back for 2 years for R3000 per month and would like an option to renew. They will even consider paying the rental up front for the 2 years - so there is no risk in investment! Thats a good deal! Interested in these and other opportunities in this market?

Call Kathie 0828779497 or email kathie@saprimeproperties.com

 

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