@@zwanndanana looking to invest in the Vaal as well. How much are normally the rent amount students are paying? how hard was it for you to get students? marketing etc.
Hello, Phemelo. First of all thank you for watching ♥️. The biggest enabler was leaving below my means from the time I started working. I took time to commit to high debt so that I could prioritise saving
🦋 🦋 🦋 🦋 enjoyed all your videos on property.Are you doing the property under a business or on a personal capacity? I am operating under personal capacity but I'm always told I pay more on taxes but if the property was under a business then the business would have different taxes to me and would also have a credit score of its own.Whats your take on that?
This is a good advise. I also started on a personal capacity but have since moved to purchasing under a business. The difference is that an individual can be taxed up to 45% income tax, whereas a company can be taxed up to 27%. I have not moved those that I bought on my name yet, I still need to explore the best way to do it. Also keeping in mind that a property that is under an individual has a capital gains of 2 mil without tax, whereas it is not the same for a company. 🤔 I need to decide on what I’m most likely to sell.
Unfortunately I have not seen a book that sorely speaks of property structures, normally it is a chapter on a book that speaks of property investing. My recommendation would be to consult with accountants and lawyers who deal with these on daily basis, just for understanding because the structure is dependent so much on what you want to achieve, with them knowing your objectives they will be able to make some recommendations
If you are asking about monthly profit, yes. But if you are asking about overall break even. It will take about 4 years to cover both the bond and the renovation costs
🦋 great content on property investment and you were so detailed and clear in your responses. Thank you💜
Thanks 😊
lovely video🦋🦋🦋🦋🦋🦋🦋
Well done! Sounds like a fantastic find.... I'm in the Pretoria central flat market and now looking for standalone accom
Yes, it definitely is. All the best with your search.
Nice breakdown and answers to the questions.🦋💜
Thank you 😊
Hi Zwannda loving the content. I have couple of questions around this, not sure if you remember from the youtube shorts event last year?
Hello, thank you for your patience. Yes I remember. How can I help
@@zwanndanana looking to invest in the Vaal as well. How much are normally the rent amount students are paying? how hard was it for you to get students? marketing etc.
Very informative.
Thank you
Been waiting for this😁😁❤️
Hahaha, I hope it adds value 😊💜
Amazing content 😊Thank you🦋Would you kindly share how you got to save so vigorously for your renovation?
Hello, Phemelo. First of all thank you for watching ♥️. The biggest enabler was leaving below my means from the time I started working. I took time to commit to high debt so that I could prioritise saving
@@zwanndanana wow man!!! This is so inspiring. Thanks again for sharing.
*Living
It is a pleasure
🦋 🦋 🦋 🦋 enjoyed all your videos on property.Are you doing the property under a business or on a personal capacity? I am operating under personal capacity but I'm always told I pay more on taxes but if the property was under a business then the business would have different taxes to me and would also have a credit score of its own.Whats your take on that?
This is a good advise. I also started on a personal capacity but have since moved to purchasing under a business. The difference is that an individual can be taxed up to 45% income tax, whereas a company can be taxed up to 27%. I have not moved those that I bought on my name yet, I still need to explore the best way to do it. Also keeping in mind that a property that is under an individual has a capital gains of 2 mil without tax, whereas it is not the same for a company.
🤔 I need to decide on what I’m most likely to sell.
Thank you so much for your response.Is there a book you have in mind that I can read more on this?
Unfortunately I have not seen a book that sorely speaks of property structures, normally it is a chapter on a book that speaks of property investing. My recommendation would be to consult with accountants and lawyers who deal with these on daily basis, just for understanding because the structure is dependent so much on what you want to achieve, with them knowing your objectives they will be able to make some recommendations
Well done 👍 please next time explain how to apply for zoning
Thank you. I will ask a town planner for an interview as they handle most of the work
Do you mean make profit even after renovation
If you are asking about monthly profit, yes. But if you are asking about overall break even. It will take about 4 years to cover both the bond and the renovation costs