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Rent2buy can help you to invest in in your first property and get a tenant to help you pay off your bond

02 Apr

 IT IS THE BEST TIME EVER TO INVEST IN PROPERTY !

 IF YOU HAVE A DEPOSIT AVAILABLE – MAKE USE OF “GEARING” AND LET YOUR DEPOSIT GROW ON STEROIDS!

 If you have R20 000.00 saved on an investment – it may generate some income and growth – but it is only the capital value of R20 000 that will grow each year.

 

Invest like a seasoned investor – make use of gearing – let your R20 000 grow on steroids

 

if you use the same R20 000 as a deposit to buy  a property – you may convince a bank to give you a home loan and use your deposit to negotiate a better home loan rate –  The result will be that you will have growth on R399 000 every year – compared to growth on only R20 000 per year ( look at the prices below as example).

 

Calculate this over a 20 year period – usually the time it takes to pay off your bond – and you will be amazed to compare the growth of R399 000 growing each year – compared to R20 000 growing each year. Disclaimer – Please not that this an average assumption and no provision is made for capital gains tax and other expenses and to raise a home loan will depend on your financial situation and credit profile – thus terms and conditions apply and NCA rules and regulations.

 

IF YOU HAVE NO DEPOSIT AVAILABLE

 

You may think that you may not be able to invest in property right now – as you do not have a deposit available – or the best credit profile – but perhaps sufficient income every month – then perhaps get your foot in the door and buy your first property with the rent2buy concept.

 

Rent2buy units are available in Maitland, Mountain View Villas as well as Greenfields Development in Blackheath and Zwartland in Malmesbury.

 

The information on Mountain View Villas are as follows:

 

 

BLOCK

PHASE

UNIT NO.

SIZE

LEVEL STOREY

UNIT TYPE

PURCHASE PRICE

All costs of transfer included

APPLICATION STATUS

Current rental income achieved

If administered through rental agency – deduct 10 % commission – which includes rental insurance

Bond repayment on home loan on full price @ 10 % over 20 years – first instalments to start May 2015

Levies and rates and taxes per month

Income required to secure a Rent2buy Transaction NCA terms and conditions apply & credit status approval

V

2

196

38m2

Single Ground Floor

1 Bedroom

R 379 000.00

Available

R 3 850.00

R 3 657

 

R12 250

W

2

207

38m2

Single First Floor

1 Bedroom

R 369 000.00

Sold

R3 750.00

R 3 569

 

R11 250

X

2

218

38m2

Single First Floor

1 Bedroom

R 369 000.00

Available

R3 750.00

R 3 569

 

R11 250

Z

2

241

28m2

Single First Floor

Bachelors

R 299 000.00

Available

R2 750.00

R2 885

 

R8 250

AA

2

250

50m2

Duplex

2 Bedroom

R 399 000.00

Sold

R4 850.00

R3 850

 

R14 450

AA

2

251

38m2

Single First Floor

1 Bedroom

R 369 000.00

Sold

R3 750.00

R3 569

 

R11 250

AA

2

252

38m2

Single First Floor

1 Bedroom

R 369 000.00

Available

R3 750.00

R3 569

 

R11 250

 Image

 
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Posted by on 02/04/2014 in Content

 

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