Kloof, KwaZulu-Natal · Member since 2015 · 1 post · 0 votes
Hi, I am from South Africa and am looking to build up my real estate investments. Currently my portfolio contains a grand total of zero properties, but am looking forward to getting the ball rolling. I am most interested in buying properties to rent out, but as I grow as an investor I see no reason why that can't change. Any advice or encouragement is greatly appreciated. I am also keen to gain knowledge on any aspect of real estate, or anything in general. Never know when something picked up over a conversation can help you.
Your first step to becoming a property investor with no money is maintaining a positive credit record, this way the bank will be willing to lend you money.
If you have a positive credit rating and the banks are willing to lend you R300 to R400 k then you can become an investor. Go to the bank and let me know how much they will lend you.
I can help you find a good property to invest in, by working out the Return on Your Investment. My Area of choice at the moment is the Victoria Embankment in Durban's CBD.
I'm no pro, and I only have one property in my portfolio, but i am willing to help. By helping you I will also be learning.