You will get there! Keep trying!

One step at a time! :)

@@LaurensBoel thank you

You will, I believe it !

Lack of education is probably the biggest barrier to others doing this.

I appreciate your enthusiasm for improving your financial situation, especially at a young age. Starting in the property market is a smart move, and you're on the right track. Here are the key elements you'll need to get started: 1. Stable Income Stream: Having a consistent income source is crucial for managing expenses and securing loans if needed. 2. Good Credit Score: A good credit score is essential for obtaining financing from banks. It shows lenders that you're a reliable borrower. 3. Seed Capital: It's wise to have some initial capital to cover expenses like a deposit, legal fees, or repairs. Having at least R100,000 is a reasonable starting point. 4. Knowledge: Educate yourself about the property market, including areas like property valuation, market analysis, legal aspects, and property management. Knowledge is your most valuable asset in this field. Check out my content on Udemy: www.udemy.com/user/laurens-boel-2/

Absolutely, managing tenants can be tricky, but the drama is part of the charm. We've got a tight tenant screening process and effective eviction strategies, which we barely use BTW. Let's face it - every business is a game of high stakes poker, and every entrepreneur knows that risk is just the entry ticket to the wealth-building show. Me? I'd rather play the game and chase the big wins than sit on the sidelines of employment counting pennies till retirement. You gotta risk it for the biscuit, and let the crumbs fall where they may!

Well said 👍

​@@LaurensBoel I need to buy your course.

@@Fibonacci_r56 go for it :) www.udemy.com/user/laurens-boel-2/

Thanks, and will do ;)

@@vdm568 🙏🙏

Hi Pamela, there is pros and cons to every decision. To provide a stove can help you attract a good quality tenant, but it can also be costly if a tenant breaks the stove early in their tenancy. We have opted to put stoves in, but have also agreed terms in the lease agreement that the tenant is liable to pay us back should they break the stove within a certain time period.

I know right 😅

@techwizpianist1654 yes. I schedule content up to 1 year in advance.

​@@LaurensBoelThat's a good idea. Especially with construction 🏗️🚧 based content 👌🏽

Thanks man :)

Thanks :) it's good to be home. A bit of both. It was a very fatigued and motivated seller and the building needed ALOT of TLC. At auction, you can sometimes get lucky, and this was an example of that. This was from a private auction. And thanks, I think the units look good too :)

@@LaurensBoel 👌🏽Great one.

Thanks :)

@@PhillipMasemola thanks

Hi Abby, under a company as the tax rate is a lot more efficient than under your personal name.

@@LaurensBoel thank you brother. I will be following your content to learn more.

You are welcome. There are many you can choose from. I don't have a preference really. It depends on what deals they have on offer.

@marcusmoonstein242 thanks man. I've got a number of buildings that side too. I've created case studies on them as well.

Can't argue that ;) But remember, the harder you work, the more you try, the luckier you will get. Don't give up, and keep chasing your dreams 🙏😎

I believe that hijacking occurs when the landlord doesn't look after the building and the tenants. Then opportunisitic criminals take advantage. But if you are a good landlord, you maintain the property well and ensure your tenants are happy, hijacking is a low risk. In 10 years of investing, I've never experienced any threat of hijacking or protection fees at any of my buildings.

Indeed 🤑

The cashflow is low because we refinanced the property and pulled out most of our capital. The R9k cashflow is post tax and a healthy 20% provision for bad debts and maintenance. Quality tenants are hard to come by, but providing quality finishings does help. I appreciate your well wishes, but we don't need luck. We have experience 👍

@@LaurensBoel Again, wishing you the best of luck

Thanks, but I'm already sorted.

I don't have a specific auction house. It depends what stock the auctionneer has whether I will attend their auction.

Hi there! Where is a good place to start to start looking?

@@morgenzonsupermarkethardwa427 you can check out SheriffHQ for public auctions.

You can get deals from online platforms like Property24 and Private Property, or via auctions, agents or direct with sellers.

Indeed :)

Hi there, unfortunately not having seed capital would prevent you from joining my program. My program is all about practical application of the theory and if you don't have the seed capital to execute a deal, then the coaching isn't valuable. Save up the R100k and then reach out to me :)

We had to prioritize the renovation budget, and unfortunately we couldn't afford to do showers as well. Once we've had the property for a couple months and started generating revenue, we could consider doing that.

@@LaurensBoel That makes sense thank you🙏🏿

Search google and SheriffHQ

@@TELLOBETHYNAME welcome to the tribe 🙏

Thanks, but I'm not interested. My time is very stretched into my various projects at this stage.

Welcome to my channel and glad you are enjoying my content :) I don't do masterclasses, but I do have short courses on Udemy (www.udemy.com/user/laurens-boel-2) and I have a one-on-one coaching program where I help investors buy property. For more details, check out my website: laurensboel.com/property-coaching/

@@LaurensBoel thank you very much. I will be sure to check everything out

It's taken me 10 years of hard graft to make investing look easy. These deals are hard to come by.

Hi Ricardo, it depends what kind of strategy you are trying to execute and how much time capacity I have available. You can find out more details on my website and book an intro call where we discuss the options. laurensboel.com/property-coaching/

We have zero tolerance for sub-letting and do quarterly inspections. By providing a good quality product and doing thorough vetting of tenants, you can reduce the risk of delinquency.

​@@LaurensBoel no matter what you do, if they decide to stay they will stay

@willemdelange5042 I have 10 years of experience and haven't had an issue with squatters. Every business has challenges, it's about finding ways to solve them that's earn you a profit.

@@LaurensBoel think in future it's going to be a huge problem.

😅😅

But do you know some of the places on Jozi? i will give you 3 months and you will cry, people don't wanna stay in that place it's not safe. Some of this fools are misleading people just to create youtube content, Jhb is a lost place and it's crap.

@@user-eb7wv5wt3j I'm curios, do you own any properties here, or are we just trading rumors today? Sure, Jozi's not without its drama, but writing it off? That's like saying you shouldn't invest in tech because you once forgot your email password. Property remains a top-tier choice for building wealth-just ask any mogul. I dive into the riskier markets, but that’s where my decade of experience and a rock-solid team pay off. Our properties are secured with electric fencing, safe parking, and alarm systems, attracting more tenants than we have space for. Misleading? You are crazy. Subscribe to my channel, you might learn something.

I can't remember, the agent contacted me directly.

Yes, in over a decade of investing in higher risk areas, I've had my fair share of bad tenants. Deliquent behaviour is part of the territory. With a good vetting process, it's possible to reduce the risk by only placing quality applicants.

Get the knowledge :) My KZfaq and Udemy are full of options

They get evicted...

@@LaurensBoel How?

@@willemdelange5042 that I can't share on social media.

@@LaurensBoel And that is the problem!

@@willemdelange5042 fair enough. The solution is simple then, find another asset class and don't invest in property. Best of luck!

Yes I do. You can find more information and book an intro call on my website: laurensboel.com/property-coaching/

R500 for 12 months? ​@@LaurensBoel

R500 for intro call. 12 month coaching program is much more expensive

Awesome, looking forward to working with you :) Book a call with me on my website when you are ready to engage!

@@kreativekraal thanks

Sorry man, I don't have enough time to do series of content. Too busy building my portfolio ;)

I can't remember. It's less about which auction house and more about what stock that is available. I don't mind buying from any of them, as long as the stock is good. Focus on the stock, not the brand.

Insightful comment, thanks.

Thanks for your input, but guess what? We filled all 7 flats in under two months with good tenants who have affordability and decent credit scores. And they appreciate the condition of the building and close proximity to city centre. As for your offer to stay for free? We're all booked up-and frankly, we only have room for respect here, not racism or negativity.