In this video, Jacques Fouché, CEO and founder of the IGrow Group of Companies, South Africa’s number one real estate investors group, talks about the seven key fundamentals to building a property investment empire.
Seven steps to building a property investment empire
What are the seven principles you should know when investing in property?
- Plan ahead – What is your blueprint for your financial future? Create a plan so you can keep your goals in mind.
- What, where, and when – What to buy, where to buy, when to buy. Know what the state of the property cycle is and build your portfolio from that knowledge.
- Financial strategy – Devise a financing strategy. Leverage other people’s money to start building your empire.
- Rental management – Get a specialised team which will look after the day-to-day administration of your property portfolio. This will free up your time and allow you to focus on other activities.
- Strategic refinancing – Unlock the equity in your portfolio to expand your property rapidly and tax-free.
- Partner with the South African Revenue Services (SARS) – Use the Section 13sex tax incentives to make the receiver of revenue subsidise your property portfolio.
- Assemble a great team – Surround yourself with an expert investment team to minimise your own risk. If you are the best member in your team then you have got the wrong team.
Interested in finding out more about these steps? Do you have a burning question you wish to ask? Speak to one of our property investment strategists today and find out more about building a property investment empire. Click here to get started.
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