Robert Kyosaki, world renown author, businessman and educator who wrote “Rich Dad Poor Dad” (amongst many others) maintains that, “Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.”
In the current low interest rate environment there has never been a better time to buy a Property, irrespective of whether it’s a home or an investment. An added incentive is that there is currently a surplus of properties for sale. However, the process of purchasing a property – particularly for first time buyers – can be somewhat intimidating.
Sunday Times Connect, in partnership with Lucky Bean, recently hosted a digital conversation that provided potential property owners an introduction on the intricacies of acquiring property, how to apply for a bond, some of the legalities and who the specialists are that will provide the required support.
Lucky Bean founder, and Just Property franchisee, Nicci Roussos, said it’s important that buyers are empowered with the correct information. Lucky Bean aims to educate and empower buyers with little or no experience in property ownership and assist them to buy property. Lucky Bean provides support to buyers throughout the acquisition process, right from the dream to the reality.
“There are numerous free services, including advice from Lucky Bean, our Bond Originators and Conveyancers” she suggested.
Mary Bomela, the CEO of the Mineworkers Investment Company and a seasoned property investor, said that investing in property was a good idea given that it’s an appreciating asset. There is no better time to buy than the present and the younger you are when you start the property ownership journey the better.
She stressed the value of a good location (rather buy a smaller property in a sought after area, than a larger property in a less sought after area) and getting advice from specialists from the outset.
Conveyancer Cor van Deventer is a Partner and Director at Van Deventer & Van Deventer, and a specialist in property law. The role of the conveyancer, he explained, is to handle the transfer of ownership from the seller to the buyer and to register bonds. Given the number of potential pitfalls when it comes to buying or selling property, it’s important to get legal advice.
Marléze Moller, bond originator at My Home Loans, explained that the role of the bond originator is to act on behalf of the buyer to find them the finance. Essentially My Home Loans acts as the middle man between the buyer and the bank. The benefit of working through a bond originator is that they work directly with the different banks to get a quick response and usually negotiate a better deal than a Buyer can negotiate on their own (more finance for less cost).
Watch the recording of the event below
Lucky Bean offers a comprehensive, personal mentoring service to assist and empower you to buy a Home. Join Lucky Bean – Wealth Creators Facebook page to find relevant articles, information re future Courses and Events and general tips and advice relevant to Buying Property. And you’ll have the opportunity to learn from others in the Lucky Bean community