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Anyone buy property to rent out?
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<blockquote data-quote="xrapidx" data-source="post: 88341" data-attributes="member: 1128"><p>As per the title - does anyone invest in the property market for renting out?</p><p></p><p>I'm considering doing that this year, buying one or two bank repo for between R200,000 and R500,000 and renting it out, basically, the lower end of the market where the rent to bond ratio is close enough that I can cover the difference while writing it off to the receiver? I'd like to try and build a portfolio of around 10-20 properties like this over the next 10 years. </p><p></p><p>Just interested in thoughts on this - considering the current property market's state.</p><p></p><p>My personal financial state is owning one property bonded to the max at R1,600,000 (property is valued at quite a bit more) - although I've only been there for a year.</p></blockquote><p></p>
[QUOTE="xrapidx, post: 88341, member: 1128"] As per the title - does anyone invest in the property market for renting out? I'm considering doing that this year, buying one or two bank repo for between R200,000 and R500,000 and renting it out, basically, the lower end of the market where the rent to bond ratio is close enough that I can cover the difference while writing it off to the receiver? I'd like to try and build a portfolio of around 10-20 properties like this over the next 10 years. Just interested in thoughts on this - considering the current property market's state. My personal financial state is owning one property bonded to the max at R1,600,000 (property is valued at quite a bit more) - although I've only been there for a year. [/QUOTE]
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