Pietermaritzburg / Durban / Cape Town / Johannesburg South Africa

[Tyler Zwart]

Hi there,

If this is not the correct page for this post please could someone let me know and point me in the right direction?

My name is Tyler, 23 years old, and I have a short-term rental business, ZwartGroup Properties. It is less then 1 years old.

In a nutshell, I am looking for a partner to sign suretyship as I do not qualify for a 100% bond of R1 485 000. I would cover the R 65 167.40 for the bond costs and transfer costs. The initiation fee.

The property is fully self sustaining, consisting of 3 flatlets and one main house (3 beds 2 bathrooms). it has 100% tenant occupancy on 2 of the 3 flatlets. The third flatlet is in the final phase of construction and is expected to be done in 2 months time (before transfer will happen). The owners currently live in the main house.

If my calculations are correct, the return on R65 167.40 would be 837.26% (over five years when we sell). 167.25 % cash on cash return per year. At the end of five years we would walk away with R545 626.13 for an investment of R65 167.40. A just need someone to stand behind the idea with me.

Warmest regards,

Tyler