40% income tax for money above a million is crazy. Need to leave this country its nonsense

Very good Louis. Insane to me how you share these strategies to the public…good on you man. 💪🏽

Your explanation is so clear anybody can understand it. Thank you

Great value. Thanks for the vid Louis 👍🏾

Thanks Guys, another great video. Would definitely consider doing the course when it's complete.

Thank You Louis for sharing, loving your content

Yeses Louis u really giving us the blueprint here. Baie Dankie!!!

Can't wait for the course 😁🔥

Great video, great information 🙏🏾🙏🏾

Die video het my laat subscribe. Goeie werk🎉

Hey Louie, great video man. Really enjoyed this one.

Hi Louis hope you are good brother. My name is Mos and Im a new subscriber, actually subscribed to your channel this past weekend and I must say I absolutely enjoy the beneficial info you provide. I can’t thank you enough. I’m a contractor by profession with a 4CE construction company, still in my early 30s I have been trying to find new ways to invest my money and I have always loved property. Im based in Centurion but I’m around JHB and PTA so I hope we meet sometime over coffee just to learn more and more. Because I don’t know much about the property industry. But I’m very much interested

Yess please, would love to know how to learn more and start with properties and build a portfolio!! A Course would be awesome

Nice, i would love to take the course when its available

Appreciate the insights Louis! Have recently come across your channel and you've got a new subscriber...Hope you don't mind me calling your bearded Louis ;D , Looking possible to a meet in the future to discuss the vehicles you are so kind to share your knowledge on . Wishing you great weekend ahead Mnr.

I like the way you simplify this type of business 🤙

Hi Louis, I've always wanted to invest in property. I'm extremely hesitant because I have zero understanding in this field, plus I'm stuck on a farm with a family to feed. (Not complaining) You seem to know your stuff. A coarse for dummies would be amazing! Cheers Jack

Had the same in mind...That's a solid strategy 👌... I see the Americans do the same...Wasn't sure we could do it here...

Nicely explained !

you explain things very nicely - good quality to have. Earned a sub boeta. I do things a little differently but we all have our strats. You have some balls buying those flats. Well done. This strat does not work very well in cape town (for those thinking about it).

Hey how you doing man? This is a solid strategy you’ve got going on here. Here’s a question, I’ve got a property in a middle-class area, I am in my first year of leasing it, and obviously taking a negative hit on the bottom line on that one. Rent is around R8500 including water for the tenant. And I obviously have the rest, rates and taxes, Levies etc. which is what drags the negative even deeper. What would you suggest, get out of these higher income properties and focus more on the lower income properties, especially for the BRRRR strategy, because it is the easiest to effect without drowning in debt. NB: I know this is not financial advise, and only an opinion (if you respond hehe) Thanks for a great video

lovely vedio. Good to see that locals are adopting the Bigger pocket's BRRR strategy. I love it. Quick questions. 1. How much was bond registration, how much did it cost you to refinance, how much was the bond-levies-rates of the first flat after you pulled your money out?

Great and informative information, although it needs more depth about costs like renovation and registrations on both properties would be more helpful.

0:27 I asked this question the other night, now this video somewhat answers it, multimillion rand portofolio👍🏻. Good job man

This was interesting,I would actually buy your course if you could compile a thorough step by step guide.

This strategy works, im building my property portfolio using it. Great video, thank you 🙏🙏🙏

Came I across ur channel yesturday sir...much love from Botswana 💯

Amazing information you a great mentor

Thanks for the video sir. I need you as my mentor.

I enjoyed the video... I'd really like a video that explains access bonds and the people you need in your corner to help make these transactions like refinance easier

Louis bro you're a blessing, the way explain everything just makes sense for anybody trying to get into the property game. Really appreciate your content

I like your finishes, where do you get your ideas of beautiful finishes. I am based in Jhb looking for quality workmanship

What type of access bond do you use? 1 - Access to additional funds, or 2- payment reduction? 1 -Access to additional funds allows you to withdraw any additional money you put into the account, keeping the loan term and monthly payment the same. 2 - payment reduction reduces the loan by the value of additional money put in, reducing the loan repayment and keeping the term the same. When you refinance and funds become available in your account, does that not increase your repayment immediately as your loan value has increased?

So you bought the first property for 300k then borrowed 450k, rented it for 4k, took the 150k bought the second property for how much? And how much you rent it for? You didn't mention bond registration fees, lawyer fees and transfer duty for both the places. From that how did you make 250k tax free?

Hello Louis, what areas were the 2 flats in that you mentioned in the video?

Hi Louis Another great video. 🔥 Congrats on your R400k strategy video performing so incredibly well. 🎉 The more people who see it the more benefit. We've traditionally focused on the entry level market but usually in the R550k - R600k region. We find it very interesting how affordable the properties you find are. They naturally come with a different calibre of tenant, but nonetheless, we love how you are able to purchase such affordable properties and therefore achieve positive cashflow and keep refinancing and growing your property portfolio. Thank you for sharing. Wishing you all the best. Timm & Justin

On the 1st property, how did you register a bond with R450k without actually proving the value to the bank that financed the deal?

Sorry for bombing your vids with comments, appreciate the info alot though. Did you register a company or did you buy these properties on your own name? How long do you wait between "repeat" cycles? I'd really love to have a sit-down or how else can one contact you? I have a ton more questions

How do you register the bond for more than the purchase price ? Do you apply for a bond with access?

Hi. Do u have a video on tenants who don't pay rent on time, and how u deal with them?

Hi Louis , which company or provider did you use to check potential clients creadit score?

Hey Louis, I am a 19 year old from Cape Town and love your videos, I just have one question, how do you maintain a property that is in a different province than myself because Cape Town's property is very expensive and doesn't have the cash flow % that is very low so that is my question and any advice would be greatly appreciated.

I think I’m missing something here but you don’t mention how much you spend of rehab of the property?

👌🏾You're awesome. Do you mentor or have sessions? Thank you for this info and video....l'm lov'ng it❤

Hi Louis, can I please chat to you a bit about the refinancing. You mentioned something about paying the money back to the access bond? Where do you get the money to pay back the access bond? And how do you use that money on the next property?

On what website do u buy ur houses

Where can I email you regarding your course that is going 2 be more expensive on 15th

Great video, I’m excited for the course!

Nice informative videos. Are there monthly levies involved in the flats that you buy?

thanks bro

Good evening Louis please help to advise me, I'm thinking of fixing my home loan do you think that at the current moment the interest rates will become lower or should I rather start the process to fix my loan this coming week please🙏🏾

Definitely interested in your strategy, I would like to meet up with you in person discuss this whole thing in person.

It's interesting, what I had in mind but just don't understand how it exactly works in details

Hi Louis, I love your content and it is really helpful. I just bought my second property. I have been planning to use the same kind of strategy. I just bought two properties in my name as an individual. Is it preferable to do it as a company for tax purposes? What are the pros and cons? Please set up a short course for such investing and how to navigate the system for maximum (tax) advantage.

Hi Louis, what do you mean when you say you registered the flat for R450 000?

How did you learn this? What is an access bond? How did you set it up? How did you set up a trust?

Hi Louis, How do you register the property for more than the loan amount?

Is the course available

My market valuation lecturer taught me this is in my 4th year of Quantity Surveying but I've yet to put it to use....bespite seeing his wealth. 😢

Hi thank you for the video. How does this make money? Can you help me pls Say i want to do this for a living Now i buy the property. And must fix it up that costs money Then im renting it out and pay taxes on that income,but i must still pay the bond back monthly. How do i make money to live of? Am i missing something? Please if can help me.

Hi I would like to know how the refinance part works ?

Please talk about your risk management if tenants don't pay their rent. Or do you put your own money aside to cover for that?

Please could you advise where can I see a potential tenants credit score?

Hi, please advise what i should study next year to start a career in property? Your videos are so inspiring Thank You ❤

Hi Louis, can you explain what you mean with "registering" the property for R450 000? Do you mean register the bond for R450 000? If so, how does that work? Do you simply tell the bank you want to loan R300k but to register the bond for 450k instead? You said this part was important for the strategy to work. Why?

I dont understand what is 'refinance'

I really still don’t get it but I want to understand and implement

A property for R400 000??? Almost unheard of

WOW!!!!!!!!!!!!!!!

How much did the average rehab cost for the 2 flats?

Listen... I want to do this. What kind of business are the properties under?

What is the right price bracket to invest in 2023

How much properties do you have?

How much did the renovation cost?

Wow great strategy, I'll love to learn more

Hi Louis. How does the Brrrr method affect your monthly cash flow?

There is a dividend tax and there has been since 2010

interesting strategy, what are your charges for the membership, would like more info on this strategy

After long can you go back to the bank to ask them to refinance?

Great video - i am looking for a 1or 2 bed flat near Universitas Hospital in Bloem . Which area do you suggest that are close ?

Great video! How does refinancing affect your credit score and interest rate on the second bond?

@louisreynhardt how long do you wait before refinancing?

Hi Louis, Which areas in bloem do you recommend for investmen?

Hii , I hope that you're good... how much do you charge for mentorship ❤ I need a mentor

Do you run these flips in your personal capacity or in an entity?

Not sure where you can find a low priced property discounted to R300k these days unless you in a location or council flats and the risk of high risk tenants losing their jobs or thugs not paying rent or moving out🙈

....BRRR

Are these studio apartments?

Problem is you still sit with the refinanced debt

i also want to start flipping

How are you actually making a profit? It sounds like taking on more and more credit?

Hi Louis. I am very intrigued by this strategy. One or two things that still doesn't make sense to me: Let's say you got access to the R150k equity from the first property as a further loan, and the second property you want to buy costs R500k. That R150k you got from the first property is in theory only enough to cover transfer registration and rehab costs, right? (Maybe there is a tiny bit left over as a small deposit). You then still need to qualify for a loan to actually purchase the next property of R500k. How can you ensure you are actually able to finance the secons property? Yes you have R150k to acquire and fix up the next property, but I don't understand how you would necessarily qualify for that next one - especially if your income hasn't grown, and thus you can't get pre-approved for another loan. Secondly, if you get R150k equity, technically it is your net worth. If you refinance that, you take that as a loan and now you have to pay interest on your own money. Isn't it better to sell the property and liquidate that equity, although it is taxable. I hope you can give me some more clarity on this. Thanks!

Not even Robert Kiyosaki has ever explained the concept of refinancing and equity so clearly to me. Very valuable info Louis.👍

"I look for properties where the seller desperately needs the money, then I chop 25% of the offer" ya..... that's really "HELPING the seller" wow... talk about getting rich off the backs of the poor.

Thank you for passing down the wisdom,@MP.T ...Pta

I am starting to like @louisreynhardt. Hulle weet nie wat jy weet nie. Haha.

Hi Louis. i registered and send you an email.