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