All Forum Posts by: Taka Sande

@Wouter Erwee, I attend meetings organised by the SA Property Investors Network. 

Most meetings are in Joburg but in a while they have Pretoria meetings.

They have a Facebook group - https://www.facebook.com/groups/SAPINE/

And a Facebook page - https://www.facebook.com/SAPropertyNetwork/

I agree with you @Phillippa Atkins. Its easy to get small loans but not enough for building. 

On the other hand banks have structured traditional products and are not willing to finance small developments like two or three properties. 

Perhaps try TUHF. They funds housing projects in certain focus areas. 

I agree it’s not easy to evict a bad tenant in SA. The best is to avoid getting into the situation altogether. The following can help;

1. Deposit as security. One to three months deposit.
2. Valid Contract (with clear rules). The contract must be fair and you should enforce it with into compromise.
3. Tenant screening helps to weed out the bad guys. Here is how you can do it;

• The potential tenant must submit a completed application form with copies of your ID, 3 months’ bank statements and your most recent salary advice.
• Do credit checks, background checks and get feedback from referees.

If any of the above does not add up, it’s better not to take the tenant.

@Wihan VanWyk, I follow these two auctions; 

1) For the full list of sheriff's auction download the Government Gazette (LegalB) on http://www.gpwonline.co.za/Gazettes/Pages/Publishe...

2) High Street Auctions also have interesting commercial properties. https://www.highstreetauctions.com/

@Wihan VanWyk, You are right, property24.com and private property.co.za focus on single family homes. They mean the needs of the general public. It’s very rare to find multifamily apartments advertise there.

When it comes to finding multifamily units to invest it’s a combination of getting in touch with estate agents, networking and checking auctions. With time you will find a suitable opportunity.

There is currently a property boom in Cape Town and the Western Cape area. The prices of property and even rentals are very high compare to other metros. Surprisingly every other person in Cape Town has become a property expert.

I am based in Pretoria and I invest around Gauteng. The property market here is just about normal.

I agree. It turned out to be a real estate, agricultural and economic issue. If you take away property rights and then attach zero value to the property, economic forces will come in and wreak havoc. I am from Zimbabwe and I also suffered the consequences.

Hi Adam. Welcome to Biggerpockets. All the best in your journey.

Hi Sipho, I have been working on similar stuff for Pretoria east. Inbox me and we can chat.

Welcome Hlengiwe to Biggerpockets.

You have to understand the SA property market. There are lots of opportunities.

A number of books have been written specifically on SA property. Look out for them.

@Tinotenda, Yes in Pretoria. These are single family units, 2 to 4 bed roomed.

I am familiar with Pretoria & at the moment I am focusing on local area.

Developing in Pretoria is also doing very well.