Humans need a place to live, work and play. Property rarely loses value and it's hands down the best wealth creation tool.
Personally, I like residential property so I look for opportunities in that field first. After that, it's the best deal, the right location and what the potential future growth of that area is.
Absolutely! The first few student apartments I bought were completely wrong. They had no capital gain after five years of me owning them and so the cost associated with owning them made no sense.
Knowledge. Gathering all the necessary knowledge was an uphill experience. You don’t actually realise how intimidating the property buying process is until you start looking. And it gets even more complex when the paperwork hits your table.
Read up as much as you possibly can, watch YouTube videos, watch Property Matters with Euphonik on eNCA and consult experts like BetterBond. Also, it is important to not rush the process and put yourself under pressure.
I’ve only been looking at and putting money into things I understand. Also, I want to do things that grow in value, and bring me a good income so I never lose on the initial capital I invest.
I bought a piece of land where I want to build my dream home within the next five years.
I wish I understood interest rates and how to structure your life and business so you can buy right.
Property is great because you can get detailed info on it before you even view it. So the ones I would never look into are the ones where the numbers and returns don’t make sense.
Anywhere in South Africa. We are still growing as a country and I still have a lot of hope that things will only get better.