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@SENFU-y9y
2 ай бұрын
My family actually owned a township property before that was bringing in quite a bit in rental income (It was a big lot with about 10 back rooms). Everything was good for a few years until the gangsters showed up and wanted their cut. A few threats, broken windows, gates and assaulted tenants later, we pulled out, forced to sell the property at a slight loss. Township properties are definitely quite profitable but you have to have the character and willpower to deal with all that comes with it. Good and bad.
@louisreynhardt
2 ай бұрын
Thanks for adding some insider perspective. This is actually sad, but it's part of the risk, I guess.
@coderedex
2 ай бұрын
Like you said infrastructure, security and political stability is a concern!
@louisreynhardt
2 ай бұрын
Absolutely, but thats part of the ridk when you want to follow this strategy. Theres always risk involved.
@Rolihlahla635
2 ай бұрын
Love you content Louis. Really open minded!
@louisreynhardt
2 ай бұрын
Thanks man really appreciate the positive feedback 🙏🏻
@humphreybohopa677
2 ай бұрын
Township property is the wild west...I put an offer for a property over a year ago, its been at the deeds office for nearly 2 years there's a caveat over the whole area bond can't be registered
@louisreynhardt
2 ай бұрын
Interesting. I can imagine its difficult to get deeds done and finding out how the Erfs work.
@Hiddensecretsrevealed
2 ай бұрын
Eish this video came at a time where I am about to sell my rental property in kasi that gives me monthly income of R3500. Do you think this is the smart move? I doubt it though. I think I must keep it and try to get investors to help me build more units.
@nontufuleni4171
2 ай бұрын
Where is your property located?
@NtokozoChristian
2 ай бұрын
Why do you want to sell it? Care to elaborate further 🤔
@michaelmankayi7527
2 ай бұрын
Keep it!
@sibusisombonambi2678
2 ай бұрын
Sell it to me! I’m serious. It’s not a smart idea to sell, but obviously depends on the kasi etc.
@INTER.NET_TONY
2 ай бұрын
Take a loan nd build more rooms
@khotsodoski8794
2 ай бұрын
can u get out of the township market unless ur willing to stay there urself
@budgetbossrsa
2 ай бұрын
Huh?
@louisreynhardt
2 ай бұрын
@OmphileCedrick what a excellent way to put it. Thanks for adding value and contributing 💪🏻💪🏻
@budgetbossrsa
2 ай бұрын
@@OmphileCedrick 100% get it now! 👌🏾
@mashaurofhiwabenedict4558
2 ай бұрын
you the GOAT
@louisreynhardt
2 ай бұрын
Thanks my friend. Appreciate the support 🙏🏻
@pvcegd7554
2 ай бұрын
This Model is soon getting oversaturated
@sibusisombonambi2678
2 ай бұрын
I would like to strongly disagree unless somehow we miraculously become an equal society where huge amount of the population move upwards in earnings and can afford the next tier of property. Backrooms and township develop is going no where and I would, if you are up for it, invest heavily.
@starboy7938
2 ай бұрын
Stop smoking nyaope Bru ........what's your rental income?
@INTER.NET_TONY
2 ай бұрын
Don't be like that especially when we trying to get in
@INTER.NET_TONY
2 ай бұрын
You gonna stress me cause i am currently building
@pvcegd7554
2 ай бұрын
@INTER.NET_TONY sorry bra..I was just talking out my neck I don't have any proof of this claim
@thecount_1957
2 ай бұрын
People aspire for greater than to stay in the Township and back room's. Black communities should aim highher than to be squashed up in places that were originally designed to be slums. Dont exploit
@louisreynhardt
2 ай бұрын
Absolutely, but why not use what you have available to get you to your bigger dreams. All it is is simple education and a will to succeed.
@AmoMoëti
2 ай бұрын
I agree with you, we should aim higher but we can use township as a starter since it's low cost.
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