Hi Nicolette. Can you maybe have a topic relating to taxes (SARS) that hits the property owners who rent out their properties? I have moved to Europe a few months ago and I’m currently renting out my property in Bloemfontien near the University of Free State. I’m have been trying to communicate with SARS and I’m not getting clear answers. I’m not sure if SARS likes it that I’m moving money between two continents and “He” is not gaining anything. Now I’m wondering if I should sell my property and start investing in property in Europe. Although property in some European countries is 5-10x more expensive.
Amounts received from an immovable property situated in South Africa will be included in your South African taxable income, even though you are not a South African resident anymore unfortunately🙁. They look at the source of income for non residents.
Can l ask, why a car for 1M can take 5yrs to pay but a property with same vale is 20 or 30 years. And lastly how can you pay for the property same time as a car?
a car depreciates quicker which is why its financed over a short period of time so that if you default on your loan the bank can still sell your car and get fair value for your car and a house often appreciates in value so even after the 19th year of you defaulting the bank can still sell your house and get their money back
Dankie danko for the info. Just a topic to consider if possible, The difference and advantages/disadvantages between choosing a fixed interest rate and flexible interest rate.
I appreciate you so much❤! I am going to share what my husband and I considered when buying our home on my channel too! Our people need to be informed on these things🙌🏽
Nicolette, I pretty much watch most of your videos when a notification comes through because I think the work you do is important and I love how you are realistic with your advice. So, hopefully, no one will deem me a hater for my next comment..... I'm not a sound engineer or acoustics specialist and I do understand that you are recording from your home but if possible please look into improving the sound to make it a better listening experience.
Can one negotiate for a better rate. Eg 7.14% and also ask for the monthly repayment to be fixed from the onset? I would love to buy a house but I don’t like suprises. Not knowing how much you’ll be required to pay in the next 3/6 months makes me nervous
I always love when people say: Why didn't I buy 10 years ago.....10 years from now, you will say the same thing. Buy as soon as you can afford it, even if it's just to rent out again. From the rental income a bank may take up to 70% again towards a second property ...
Thanks Nicolette. To add to the affordability piece is for a person to stress test their current affordability for an additional 1.5-2.5% increase on the current interest rates. Also factoring the rates and levy increases into the housing value affordability and stress test those additional increases too, ceteris paribus. If after stress testing you find that the 1.5%-2.5%increase in rate would result in increased financial pressure, a person is to peg their affordability to the maximum installment+rates&taxes they are willing to pay and work backwards to determine the maximum amount of funding they should take out.
😂😂🤦🏾♂️ you can go n sulk uzobuya ku worse. . . My biggest problem is why can't we get free decent empty land at good areas from our government coz we pay huge amount of tax 😭😭😭
Hi Nicolette, Firstly loving the content, very informative. Big Fan. i know that am off-topic here, what's your take on business accounts. Most importantly for upcoming small business. Eg selling clothes or providing small services, i have noticed there are these zero business accounts, offered by various financial institutes. Your input will be highly appreciated
Hey. I am buying a pre-owned house which I want to rent out right. The house will need some fixing here and there to accommodate the tenants; however I do not have cash for that. Apparently I can get my pension money cashed out use it for renovations, is this a good idea?
Hey there financial bunny ever heard of MC Rigel investments it's a company that let you lend mining machines, and also construction ones please can you look into it thanks
only two things can happen 1. the world systems come to a stop and it spells the end 2. interest rates go down but seeing that there’s a slow collapse happening in the west, number 1 might be it, in that case probably buy that house because if the world ends who cares
1998 interest shot up to 25% so long its not cash positive I am not buying it. apartments its no go unless your a VIP INVESTOR or put down 60% equity to jump out on first refinance....yall be safe
Watching this video with my 2c bank account
😂😂😂😂😂😂😂same
hahahahaha like all of us
At least your it's +2c mine is -2c 😂
😂
😂 2c is till money..!
The outfit is giving Namibian vibes ❤❤❤love it 🇳🇦 🇳🇦
I decided to scroll down to see if I'm the only seeing ohema yolutenda🤣. It's our Namibian attire. Thank Bunny for our Attite💖
@@tuhafenias308 Okaadona kafewa ❤️ 😍
Can you make a video on tips on how to negotiate? What to take into account, what to look for etc?
Couldn't agree with this more as someone who works in real estate 💯 Thanks Nicolette ❤
Your business numbers please
Namibians in the house couldn’t be prouder 😊
The outfit, is it a Namibian (owambo dress)? Love it 😍
Most NB thing, buy within your means as over the space of twenty years rates will go up and down.
Hi Nicolette. Can you maybe have a topic relating to taxes (SARS) that hits the property owners who rent out their properties? I have moved to Europe a few months ago and I’m currently renting out my property in Bloemfontien near the University of Free State. I’m have been trying to communicate with SARS and I’m not getting clear answers. I’m not sure if SARS likes it that I’m moving money between two continents and “He” is not gaining anything.
Now I’m wondering if I should sell my property and start investing in property in Europe. Although property in some European countries is 5-10x more expensive.
Amounts received from an immovable property situated in South Africa will be included in your South African taxable income, even though you are not a South African resident anymore unfortunately🙁. They look at the source of income for non residents.
Can l ask, why a car for 1M can take 5yrs to pay but a property with same vale is 20 or 30 years. And lastly how can you pay for the property same time as a car?
a car depreciates quicker which is why its financed over a short period of time so that if you default on your loan the bank can still sell your car and get fair value for your car and a house often appreciates in value so even after the 19th year of you defaulting the bank can still sell your house and get their money back
@@smangamayephu310 It's economic robbery as interest charged is huge on property
Dankie danko for the info. Just a topic to consider if possible, The difference and advantages/disadvantages between choosing a fixed interest rate and flexible interest rate.
I have a good credit score thanks to your videos. Now looking to learn more about property.
That dress is so oshiwambo from Namibia🇳🇦❤🔥. Most comfy dress ever!!!
Whenever you say "non of my videos constitute as financial advice" we just know that you'll drop some wisdom
I didn’t know personal finance required a lot of EQ and IQ. Without a balance, one will just fumble everything. 😅
The Dress suits you so well.
Hello N. Hope you are well. I recently bought my first property. I just wanted to know how long should I wait before I can take out another bond?
I appreciate you so much❤! I am going to share what my husband and I considered when buying our home on my channel too! Our people need to be informed on these things🙌🏽
I am watching you with 100rand in my bank account 🤔🤔 I’m actually not lying
Nicolette, I pretty much watch most of your videos when a notification comes through because I think the work you do is important and I love how you are realistic with your advice. So, hopefully, no one will deem me a hater for my next comment.....
I'm not a sound engineer or acoustics specialist and I do understand that you are recording from your home but if possible please look into improving the sound to make it a better listening experience.
🇳🇦🇳🇦🇳🇦🇳🇦🇳🇦❤️
🇳🇦
Can one negotiate for a better rate. Eg 7.14% and also ask for the monthly repayment to be fixed from the onset? I would love to buy a house but I don’t like suprises. Not knowing how much you’ll be required to pay in the next 3/6 months makes me nervous
Very insightful video have been having this conversation with my mom and in my opinion if you don't have the cash just wait it out first
Thanks for the advice/education Nicolette. God bless you
🥺💛🔥 this dropped an awesome idea in my head!!!
Thank-you Nicollete
Good question, hle... Been wondering as first time buyer..
I hope you were gifted this dress when you came to Namibia😍💞
I always love when people say: Why didn't I buy 10 years ago.....10 years from now, you will say the same thing. Buy as soon as you can afford it, even if it's just to rent out again. From the rental income a bank may take up to 70% again towards a second property ...
Yah in 2020 I got 7.14% now its 11.65% That is almost R3000.00 increase monthly repayment. The take home salary increase doesnt match it.
Same boat it’s horrible
Thanks Nicolette. To add to the affordability piece is for a person to stress test their current affordability for an additional 1.5-2.5% increase on the current interest rates. Also factoring the rates and levy increases into the housing value affordability and stress test those additional increases too, ceteris paribus.
If after stress testing you find that the 1.5%-2.5%increase in rate would result in increased financial pressure, a person is to peg their affordability to the maximum installment+rates&taxes they are willing to pay and work backwards to determine the maximum amount of funding they should take out.
Yhooo😢 let me go and sulk cause wow are we ever gonna afford
😂😂🤦🏾♂️ you can go n sulk uzobuya ku worse. . . My biggest problem is why can't we get free decent empty land at good areas from our government coz we pay huge amount of tax 😭😭😭
Why is sis making examples with a million plus home while we straggling to get R400K homes😩😅😅those numbers are heavy on some of us.
Amazing stuff as always Nicolette Mashile! Congratulations on you channel growth! 👍🏾🔥🔥🔥🔥😊
Cute wambu dress 😍🇳🇦
You look good the dress ist from Namibia 🇳🇦????
Yes it is from Namibia
Ama-installments angange salary👀
Hello Nicolette ❤ my question right now... but whatever the answer I think I'm still gonna buy 😂😂 things will always increase
You like getting dribbled by the repo rate ndishi 😂😂😂
@Max Lodewyk 😂that repo rate doesn't care about anyone man
🤣🤣🤣🤣🤣 as long as your math is mathing
@@FinancialBunny 🤣🤣🤣
@@thevillagegist 😂😂😂😂 such an abusive relationship.
Good Morning, I am a new Subscriber of your channel. So glad to be here, I love your energy!
So insightful, you explain so well, thank you for breaking it down.
Sho! Plain, simple, easy to
understand. Very nice!!!! Well done!👍🏻
Good advice: same mortgage rules as Australia
Can't be looking this beautiful and think we'll concentrate nie maan Nicolette 😅
What a relevant topic!!
Had this exact chat with a friend. And you are so right!
Thanks so much I've learned a lot meaning I have to wait
There are a many reduced properties lately since the rate increased which is increasing the seller's market so buyers can qualify for bonds
😅😢
Are you wearing a vambo dress ma’am? 😊
NOTIFICATION GANG - We have been waiting for this one 😀
Good outfit there Nicolete 🔥🔥♥.
Thanks 🙏 , well said a lot of homework one needs to first before buying.
Thank you for sharing
This is eye opening ♾️
Financial Bunny
What is the difference between Flips and government housing allowance? Who qualifies? Can I qualify for both? I’m still under 25
I’m the first to comment 😅🤘 love the advice
Hi Nicolette,
Firstly loving the content, very informative.
Big Fan.
i know that am off-topic here, what's your take on business accounts. Most importantly for upcoming small business. Eg selling clothes or providing small services, i have noticed there are these zero business accounts, offered by various financial institutes. Your input will be highly appreciated
Is this applicable to renting as well?
The dress looks like Namibian🙈
I like you Yaz! Good education there 🐰
Thank you Nicolette, these videos are educational
Why are you shouting?
Thats how she speaks
Hey. I am buying a pre-owned house which I want to rent out right. The house will need some fixing here and there to accommodate the tenants; however I do not have cash for that.
Apparently I can get my pension money cashed out use it for renovations, is this a good idea?
What does the interest rate relief mean from the banks?
Hey there financial bunny ever heard of MC Rigel investments it's a company that let you lend mining machines, and also construction ones please can you look into it thanks
@Bunny, can one change the type of interest rate mid contract? From variable to fixed?
only two things can happen
1. the world systems come to a stop and it spells the end
2. interest rates go down
but seeing that there’s a slow collapse happening in the west, number 1 might be it, in that case probably buy that house because if the world ends who cares
Wena you are 1 of the best kodwa at this subject. Always interesting to watch & listen at your videos at times.
Keep it up Sisi
Well explained
Did I just hear that you can negotiate your interest rate when purchasing, or is it the selling price only that can be negotiated?
It is so beautiful, how I have learned that I will ask for a lower interest rate for the property I want. ❤❤ #saved4thefuture
Buy what you can afford. This is so important.
thank you Nicolette...much appreciated.
Thank you so much. Your content is always so relevant.
Interest rates are killing us financially
Feels like im in church, the pauses lol. nice video
Thank you Nicolett
Thank you
Loving the fit ke sana!!! 🥰
🙋♀second to comment
Good Video..
Thanks for the info
❤
Loving your fit today Nicolette
1998 interest shot up to 25% so long its not cash positive I am not buying it. apartments its no go unless your a VIP INVESTOR or put down 60% equity to jump out on first refinance....yall be safe
2008? The recession ?
She's so pretty, I can't focus. I need to watch times🫣
It's a game of numbers 🔢