All Forum Posts by: Jason Malyon

Welcome Marno, good to see the South African population growing.

Elections is this year

Hi Marno,

My opinion is that I would rather invest in local markets, South Africa still has a very affordable market, and its easy to find good deals that cash flow. The whole land expropriation without compensation is for land that you cant prove that you bought. and they are focusing on farm land. I know it has scared away some investors, but better opportunity to buy, once all the legislation's are sorted out and the investors come back in the property price is going to rise up again. People will always need a place to live no matter what the situation is.

Just my opinion.

Hi @Collen Kombe, Multi family units are advertised on privateproperty and property24, but they are not called multi family units, I think that is an american term. I see them pop up now and then, not often, you have to be actively looking daily, I normally just sort them by date uploaded, and then check every day. It doesn't take long because there will only be a couple new properties added each day. Sometimes they are advertised under houses, others are advertised under commercial, they are not that well organised.

Thanks everyone for their opinions and advice, I think it has made it a bit clearer. Some things might be different where I live in SA, not sure if we have term life cove but will definitely ask my broker.

The one nice thing I like about the life insurance is that only professionals with a 4 year degree, or higher, can be on this specific insurance company, and because we are seen as less risky people we do get a better premium than any other insurance company. And on top of that 20% of your monthly premiums goes in to profit sharing that we get back, not sure when, maybe when you retire, questions that I still need to ask my broker.

The retirement annuity, I just believe in the quote "don’t keep all your eggs in one basket" and plus that tax benefit. A lot of people talk about 401k, not sure what that is, I'm guessing it’s a retirement annuity? 

The big question that I have battled with for years: should I get life cover and an retirement annuity?

I had 2 kids quite young, before I was financially stable, but we made it work, I am the bread winner with a decent paying job, my wife's salary is just under half of what I earn, so if anything should happen to me I don’t want my kids and wife a battle in time financially. On the other hand I feel that I need every spare cent to pay bills and save up for our next property to make it further in life and it feels like I might be paying towards something that never ever happens, I'm torn.

With the retirement annuity, I do believe in not putting all my eggs in one basket and it’s a very good idea, but I feel that if I take life cover and a retirement annuity my expenses will equal my income, and I'll just be living from pay cheque to pay cheque which will put a huge setback on buying our next property.

FYI, I'm 31 years old if that makes a difference?

A poem by the ex. tenant's daughter being addicted to drugs.

cellphone, knife, bicycle crank, bbq tongs, and other random objects at the bottom of the swimming pool. the water was black, you couldnt see any of it.

Thanks everyone for the warm welcome.

@Matthew Hallgren, you are right, i didnt think there was going to be much of us here.

Thanks @Elizabeth Wilson, Its a love hate relationship, haha, i do love it here though. my only concern about this site is that probably all the rules and regulations  and stuff like taxes etc are going to be quite different from here, and will be harder for me to ask questions, but there's only one way to find out.

Thanks @Darius Gill & @Veni F..

Just one quick question, please send me a link that explains the Voting, or explain how it works? Is it like a facebook "like"