Search results

@resjudicata Thank you so much. This is the sort of response I need. I haven't actually keep track of the losses/expenses, but it has become more evident now with the interest rates increasing. For about two years the rent on the property was paying for the property, I was breaking even, and one...

@airel Thanks for your response. Yes, over time, given inflation, the bond repayment will become less and less as our money devalues, and if the rent increases there will be a gradual point of offset where the expenses on the property will be easily covered by the bond and then the bond...

@pinksakinah Thanks for your response, good luck with your property. Hopefully they get on a move on with the Gautrain expansion.

@ifollowyourvoice Yes, it is too low, but I won't get more. I have checked myself and the managing agent has also checked, R15000 would be the best we could hope for.

@prettythings Thanks for the response. Yes, I ended up a landlord without intending to be one. It's okay, I could probably do without being one to be honest, but the rental agents do the legwork and they are really good, so that is some relief.

@skyrover Thanks for the response. Yes, annual escalation is in the contract.

@vancouverguy Thanks, these are important considerations and are difficult to quantify in some respects. I mean diversification as in having other investments in shares, pension, TFSA, etc.

@zvikisum Thanks for the input.

I would appreciate some input please, on this situation. Bought a property in 2016 for R1,700 000 in Pretoria East, 3 bedroom free standing house in complex in a boomed suburb. Put down a R600 000 deposit thinking this was it. It wasn't. A year later moved to Joburg, bought another house...