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CASE STUDY estate investment when guided by patience and strategic vision .
Introducing Strategy 3 : Rent to Buy & the African Market In the closing months of last year , a Zimbabwean acquaintance of mine sparked an unexpected journey into the heart of African real estate . Intrigued by The Base apartments , he invited me to Harare , where I found myself immersed in meetings with a cohort of eager investors . What struck me most was the contrasting mindset between the average South African and their Zimbabwean counterparts .
In Zimbabwe , where the US dollar reigns supreme , property prices soar to heights far surpassing those in South Africa . With limited mortgage options , cash transactions dominate the market , reflecting a culture of disciplined saving and prudent financial management .
Meanwhile , in South Africa , where financing is more readily available , opportunities beckon with the allure of weak Rand and strong USD . Recognizing this potential , we conceived the Rent to Buy option , bridging the gap between aspiration and affordability .
How Rent-to Buy works The purchaser enters a Rent to Buy agreement with the Developer / Seller
• Secure your unit with a nonrefundable deposit or option fee .
• Over a 24-month lease period , 50 % of the rental payments are credited towards the purchase price , interest-free .
• At any point during the lease , the buyer can choose to finalize the purchase or secure financing for the outstanding balance .
• For more information on this rent-to-buy innovative opportunity , visit https :// thebaseapartments . co . za / campaign-rent-to-buynonsa-202402 /.
As I reflect on the sage advice of a wealthy friend – " the optimal time to invest in property was yesterday " – I urge you to seize the moment . Amidst the chaos of the present , the path to prosperity lies in bold , decisive action .
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Real Estate Investor Magazine APRIL 2024 63