55% refund on your property purchase price with Section-13SEX (South Africa)
ฝัง
- เผยแพร่เมื่อ 11 ก.ย. 2024
- Khanya Ngonyama started investing in property in 2013. He started off without having a credit record at all and had to build one from scratch to qualify for a loan.
He uses a special strategy to buy units in a new development, where he partners with the government to build houses and he gets 55% of his costs back from the government. AND you do not need to be a big property developer to qualify for this! He stopped his retirement savings and used property as his ultimate retirement plan. He buys all his properties in a company for tax efficiency.
Don't forget to like this video and subscribe to our channel.
Add us on Facebook M5PropertyAddicts | TauraiJackZA
www.m5propertyaddicts.com
Join our private M5 Capital Investor Facebook Group:
www.facebook.c...
Join our community of like minded people making wealth through property -
m5propertyvars...
For business inquiries or one-on-one property mentoring, you can reach me at taurai@m5propertyaddicts.com / Retha@m5propertyaddicts.com
Get a copy of Taurai's book | From Bad Debt to Property Mogul in 2 years.
www.tauraijack.com
great education, i cant believe it's free
I am so glad you are enjoying the content! Please share with people that could benefit from it... ❤️
Thank you Khanya and TJ. Such an information packed session. Thank you all for the education.
Glad you enjoyed it!
love your videos TJ thank you for your time and effort!
respect
Powerful and rich content. You have my subscription Sir.
Thank you! And welcome to the channel!!
Thank you for making this channel and sharing this knowledge 🙏
So nice of you
Thank you, wow I have just learned new ways to build my portfolio
Go for it!!
Woow thanks, Khanya & TJ.
You are welcome!!
I've been strongly considering tapping in to this tax incentive, but require some clarity on one of the requirements. It states that;
"The taxpayer must own at least five residential units. These units do not have to be purchased at the same time, although only once the 5th property has been acquired will the tax incentive come into play."
The question is; to what extent is ownership implied here? I currently have bonds for 4 of my rental properties (all bought from new), and looking to acquire a 5th property to qualify for the tax incentive. Am I understanding correctly that I do not have to own the title deeds to these properties, and that I would still qualify for the incentive even if I have bonds for all of them?
Hi Alistair, kindly consult a tax practitioner on matter like this for professional guidance.
@@MyPropertyBusiness thanks for the response and the invaluable insights shared.
If I understand correctly once your property is paid off you can start to claim is that correct?, what if you own 5 new developments and you start paying them off one after the other can you claim capital for a property that is fully paid for whilst the other 4 are still being paid?
you need to consult a tax expect but you are on the right track
Hi Sir... Hope u are well. I need your advice on what top books should I read to aquire knowledge of property investing. I just bought my first property at the age of 24 which I'm currently renting out but there are some things I would like to know like how to calculate your ROI and stuff like that
Thnx Delano
Well done thus far on your journey... Such information would be more understood in a learning environment and we do have a school designed to help you. I have given you a 30 Days free pass to the school - follow the link below.
shop.m5propertyvarsity.com/product/30-day-trial-membership
Thanks for the insight 😇
TJ can I ask why my copy has not arrived, how long does it take to arrive? I ordered on the 16th and it hasn't arrived.
Depending where you are the courier may take a bit of time - it left our office, its on its way.
Informative indeed
Thanks Sizwe