Real Estate Investor Magazine South Africa March 2015 | Page 8

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ASK THE EXPERTS Q&A

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Q Cindy de Bruyn asks: My soon
to be ex-husband wants to give me
his portion of the house. Do I sell it
at about R1, 2 million (minus agents
commission and outstanding bond of
R250 000) after repairs? If he dies
before me, I will have no income.
Will I be able to live on the balance of
the money for the next 14 years?

A
A

Rigard Sevenster
of Glacier Fiduciary Services
answers:

F

upfront

rom a retirement planning
perspective, I suggest she seek
out the services of a CFP®
Professional practicing as a financial
advisor, or a member of the Fiduciary
Institute of South Africa (FISA).
Her monthly payment from her
husband will be R216 000 annually,
depending on the time period of
proposal.
If her ex-husband dies while this
order is still in force, she might be
able to make a claim against his
estate for enforcement of this order.
The property will yield about R800
000 after costs have been subtracted,
barring the fact that she will still
need a roof over her head.
Her risk profile indicates that she
will have very little risk appetite and
will not be able to invest with lots of
risk or volatility. Ignoring fees and
at a conservative return of 7% (CPI
+ 1), and given her current income
needs, her funds will only last for
about four years.

Johann Van Der Merwe
asks: I want to invest in commercial
property. Where can I get the best
review, article or report on the state
of commercial property investment in
South Africa?

A

Q Sunil Dalal asks:
I am staying in Dubai but often visit
South Africa and want a buy-to-let
house in Johannesburg. What are the
rules of buying property for foreign
nationals? How much loan can I get?

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Neale Petersen
of Real Estate Investor Magazine
answers:

Jason Vorster
of Ju