I’m not accountant nor am I completely clued up on real estate, but one thing I can tell you, and you’ve probably heard it plenty of times before, is that property is potentially the best place to invest your money.
In most cases when it comes to investing money in a money market account you’re probably going to get between 2 and 6 percent interest depending on the account’s rules. If your money is tied up you normally get more interest, whereas if you want your money to be tangible, then you’re going to get less. That’s the premise behind investing with your bank in most cases.
When it comes to property the two most obvious things are that you create an average rental yield of up to 10% which is higher than the banks offer, but not only that, your property will increase in value as the years go by, the joys of an appreciating asset.
Longain Realty specializes in discounted property and they have a number of properties for sale, a lot of which are really good investments. Again, please remember that I’m not an expert so this is just my opinion based on my reading and research.
I was having a look through their properties, which are in the Western Cape and Gauteng, and there are 22 properties for sale, in these areas: Brackenfull, Goodwood, Parow and then Boksburg, Germiston, Kempton Park, Krugersdorp, Pretoria and Roodepoort. Most of the properties are between R250,000 and R500,000 so we’re talking investment properties here.
If you’re interested in looking through the properties, please visit www.longainrealty.com
To save you some time, here are the properties in PDF download:
Have any questions, leave us a comment.
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