GETTING STARTED
“ The secret of getting ahead is getting started.”
20. Financing made simple
Getting your foot in the proverbial property door is never easy. One of the fundamental challenges facing first-time home buyers today is property financing as many do not have large sums of money readily available to secure the home loan. So, when FLISP was introduced, a new opportunity for first-time buyers was created. See if you qualify for the Finance Linked Individual Subsidy Programme( FLISP) and how to make use of it when purchasing a property.
24. Gain a foothold in property ladders
South African interest rates are at a record low and first-time buyers have the strongest appetite to gain a foothold on the property ladder by owning their own homes. Globally, many fortunes have been made through investment in property throughout the ages and today’ s tighter market conditions present an ideal opportunity to acquire residential property at reasonable prices, often well below their actual replacement costs.
26. Mastering the art of the OTP
There’ s no doubt that buying an investment property in South Africa can be a daunting experience for the vast majority of people. So what can you do to avoid expensive mistakes and to tap into the endless power of property investments, without taking unnecessary risks? REI’ s resident expert, Carlo Mariani, Founder of The Property Coach, shares tips on how to write a profitable & risk-free offer to purchase( OTP).
18 MARCH 2021 SA Real Estate Investor Magazine