We need some humor in our lives. Thanks for watching 🤣💪🏻

Thanks my friend. Glad you enjoy the videos, and the intro 😂

Pleasure my friend. It almost seems like its much easier to become wealthy in America overall 🤣

Thanks for your comment. Yes you are right, a traditional buy to let (single let) property will give you that type of income. This is a student accommodation(multi let ) property. This is my actual property. Hope it helps 💪🏻

Thanks for sharing and adding value to the comments. You are 100% right. This is just used as an example and unfortunately, I can't cover all these details in every video, but you always need to confirm property values. And with buying cash, that is another point I mentioned: "Most" people buy average property cash and end up with no appreciation and below average returns. Thanks for sharing and for contributing to the channel. All the best 💪🏻

Great suggestion, I will look into making a video about this. Any topic/ title suggestion for this video would help 💪🏻

Absolutely, I will be glad should if he can also share a topic suggesting how to access those properties near Jo' burg. I have extensive experience working with University of Johannesburg and Wits providing off campus student accommodation. I need few properties to proceed with the off campus student accommodation business

Thanks for you comment. Ill look into it💪🏻

Great question, i like to invest for current returns and not speculate on future returns. I would call it investing for cash flow and not appreciation. If you want to do a more detailed calculation you can look at Internal rate if return (IRR) Which will account for the total i investment period 💪🏻💪🏻

😂😂😂😂😂😂😂 I heard it too

😅🤣🤣🤣💪🏻

🤣🤣🤣👊🏻

😂😂😂

Absolutely, it's just very, very important to have reserves. I work on at least 10% of the value of the property. If you dont have cash flow, you will suffer. Thanks for your comment.

Grrat question! Its a combination of the 5 things I mentioned in this video. But, having the property in the right entity also makes a huge difference. But disposal income is also very important.

Yes absolutely, all depends on the setup of your property. I will look into making a video about this. It all depends on how you bought the property. Is it in your own name or a separate entity.

@@louisreynhardt seperate entity

You will be able to exit the deal without any consequences. The suspensive clause was not met in time, meaning the contract lapses. Just make sure to communicate this with your agent so there is no misunderstanding.

Absolutely, This is a student accommodation property housing 6 students, which totals R21.5k income. This more of a advanced multi let strategy, and its bursary students not private students 💪🏻

100% you can pop me an email at louisreynhardt@gmail.com 💪🏻

@@louisreynhardt LEGEND!

Thank you for commenting. This is also something I cover in the course . Check out the course curriculum and see whether you would like to enroll. To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process. Looking forward to have you on board.

Absolutely, you can pop me an email at louisreynhardt@gmail.com

Whatsupp brother, I would say a CC with a Holdings yrust owning the shares of the CC

That is highly unlikely, but that's why you take measures like structuring, reserves, and diversity to protect yourself 💪🏻

First learn about Bitcoin and crypto !! Then invest in crypto and you will never have to visit a bank for a loan because you will make so much money in the bull market!! You are still so young, you have more than enough time to learn about Bitcoin and crypto. If you do well you can retire at 35 !!

Well done for taking the time to educate yourself. This is the best investment you can make, in yourself. I would suggest focus on the fundamentals of wealth buidlinh. Understand personal finances, build reserves and then consider investing. Feel free to pop me a email at louisreynhardt@gmail.com for more guidance 💪🏻

I agree with Louis. Great job on managing to study, work part time and start thinking about your future. Also agree with starting with the fundamentals (budgeting, saving, credit, investing etc) there are plenty of great books and youtube channels out there (you've already found one great channel). My recommendation would be to start a budget. I know this can be difficult working part time with inconsistent income but just being aware of your income and spending is very powerful. Once you know how much you are spending and on what, set yourself a savings target. As far as possible try to be consistent. Saving a smaller amount every month can be better than saving a big amount one month and then nothing for the next 3 months. It's very much about building the right mind set and the right habits. You can also start building your credit score. If you are like me when I was studying, you may find it difficult to qualify anything because you don't have a stable income. I managed to open up a student credit card with ABSA (but I'm sure other banks should offer something similar) which has more relaxed qualifying criteria. Again make sure you understand the fundamentals. You aren't opening up the credit facility to spend to the limit and pay the bank lots of interest. It's there to spend money that you would have spent in cash/ on your debit card anyway. Always pay the outstanding balance in full every month to avoid paying interest. I assume that you are interested in property as you are watching this video. If you are building your credit and saving for transfer costs and a deposit you are well on your way to your first property. A few other recommendations. Consider a TFSA. Preferably something that has very low fees, I use Easyequities but there are other good options out there. I would also say open a TFSA that you can invest in ETFs (chasing higher returns bearing in mind higher volitility and returns not guaranteed, but you must be investing with a long time horizon). This will give you a bit of diversity in your investment portfolio. Before you invest in property be sure that you planning to stay in the country long term. Property is not liquid and can cost a lot of money to sell if you are moving oversees. And lastly, in your budget be sure to allocate a good portion of your income to enjoying life and making memories. You are young and making memories while you are studying can sometimes be overlooked. Have a budget, have a goal, work towards it diligently and don't forget to stop and smell the roses on the way.

@@craiggurnell9192 Wow, you're amazing. Thanks for taking the time to write this comment.😁

Thanks for watching 💪🏻 I can imagine this sounds unrealistic but this is actually a property I own, accommodating 6 students. 4 single rooms and 1 double room. Rent is R3760 x4 and R3300 x 2 : R21640

Thanks for your comment. I do agree, they are very rare and it takes skill to find them but, I own many of them so it is definitely possible. 💪🏻

Luckily, I am a business owner and not an employee. Also ,unfortunately you are wrong. Buying cash brings down your ROI. Do the math. I did, however, show that your CASH FLOW increases, but your ROI decreases. Maybe you missed that part. Either way, thanks for watching.