PROPERTY TALK
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For the Buyer
Being a first time property buyer can leave a person
very overwhelmed and there is a crucial question
which is often overlooked before the usual questions;
such as affordability, area and property features.
That question is;” Do I buy to live in or buy to in-
vest?”
Often one tends to buy to live in as its generally top
of the list on everyone’s financial agenda. This makes
logical sense; however there is a challenge if your
income doesn’t allow for further credit from banks and home mortgage originators.
If you ever get to speak to a successful property investor and were to be in position to ask, “How did
you do it?”…. Their answer will be something along the lines of these three letters...OPM. OPM simply
stands for Other Peoples Money. Now, how do you get other people to “buy “the property for you?....
If you would like to know more on this particular topic then I would recommend you give me a call and
set-up an appointment where I can explain the process.
If you decide that your circumstances don’t provide you with this option then I would recommend you
consider an alternative option. This option means that instead of purchasing an opulent home to the
maximum of your credit value, I would encourage you to purchase a smaller/more reasonably priced
Handy Tips
Marc van Heerden
Determine what your specific needs
are—Live-in or Invest Cell: 073 198 9369
Get a good Realtor to assist you in the
process www.sothebysrealty.co.za
Tel: 041 360 0365
[email protected]
Each office is independently owned and
operated
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