Real Estate Investor Magazine South Africa May 2013 | Page 66
MY STORY
PROPERTY PORTFOLIO
PURCHASE PRICE
EXCL. COST
PURCHASE PRICE
PLUS RENOVATIONS
MARKET VALUE
ESTIMATE
GROWTH
%
MONTHLY RENTAL
INCOME
RENTAL AGENTS
COMM. @ 8% + VAT
RATES, TAXES
& LEVIES
NETT INCOME
BEFORE TAX
NETT %YIELD
BEFORE TAX
NIL
400 000
NIL
450 000
12.5
1 000
NIL
NIL
1 000
.25
Mar 2005
NIL
495 000
NIL
865 000
74.7
4 800
438
1 110
3 252
6.57
2 Bed Shandrani, Brentwood Park,
Benoni
Dec 2006
NIL
555 000
NIL
550 000
-0.9
3 750
342
814
2 594
4.67
2 Bed Seringa, Farramere, Benoni
Dec 2010
NIL
425 000
NIL
480 000
12.9
3 750
342
941
2 467
5.80
2 Bed Eden Gardens, Rynfield,
Bernoni
Mar 2012
NIL
515 000
NIL
540 000
4.8
4 000
365
971
2 664
5.17
3 Bed Homestead Villas, Farramere,
Bernoni
July 2012
NIL
775 000
NIL
875 000
12.9
6 500
593
1 207
4 700
6.06
3 Bed Anchor Lodge, Bartlette,
Boksburg
April 2013
NIL
860 000
NIL
895 000
4.0
6 500
593
1 210
4 697
4.46
3 Bed Bonness, Lakefield, Benoni
April 2013
ADDRESS
REGISTRATION
DATE
OWING
Whitman Street, Farramere, Benoni
1 Bed Cottage (Mother)
Mar 2004
2.5 Bed The Terrace, Beyers Park,
Boksburg
840 000
840 000
NIL
895 000
6.5
6 000
547
1 207
4 246
5.05
840 000
TOTAL RENTAL
4 865 000
NIL
5 550 000
14.0
36 300
3 220
7 560
25 620
5.27
NIL
570 000
1 320 000
1 550 000
840 000
5 435 000
6 755 000
7 100 000
PRIMARY RESIDENCE
4 Bedroom House, Farramere, Benoni
March 2004
TOTAL PROPERTY
13.3
CHARITIES
Here are just a few of the charitable organisations Karl and Laree
have been involved in over the years:
•
Donations to Drug Rehabs
•
Meals on Wheels for elderly for many years.
•
Supported the Janai’s Children’s home with food.
•
Now started contributing to the John Wesley Community
Centre in Etwatwa Township for orphans and children
infected with HIV.
•
Karl & Laree’s primary residence
Gave money to strangers who was in real financial need.
•
Gave money to friends who had lost everything.
•
Seringa Unit
Fixed an old lady’s car that was written off in an accident .
Church:
•
Monthly tithes
•
Other church initiatives
Volunteerism:
•
Laree volunteered at the REACH ministry for addiction as
an administrator for two years working 18 hours a week.
•
Karl volunteered at the REACH ministry as a member of
the board giving strategic input and conducting training
/ facilitation.
Homestead Villas Unit
•
•
Janai’s Children’s home.
Karl has now joined the Paradigm Shift that supports the
development of micro entrepreneurship.
Karl will be putting the R50,000.00 cash prize to good work,
helping an elderly lady Mrs. Maureen Corbett age 67 who
lives in Northmead, Benoni. Her house is in dire need of
repair as the corrugated roof is leaking terribly when it rains
and there is already substantial damage to the ceiling boards.
The prize money will see this repaired.
Shandrani Unit
64
May 2013 SA Real Estate Investor
Karl and Laree with Charlie & Molly
www.reimag.co.za