Hi All
I thought I would get things going here.
I have 3 properties in various areas around Durban
I have one in Assagay which has proven to be a good investment as I am always able to find a tenant on first visit to the property and I only have to pay in about 20 % of the shortfall so that is not too bad.The only problem with this is I paid R750 000 for it in 2006 and I haven't seen much increase in the value.It is in a nice part of assagay road and a good well known complex.
I have the other in Gillitts which I have to live in as I bought that as a fixer upper with the intention of renting it out once I am done. I paid R1 060 000 for this in Nov 2007 and then the next year property went down so I will have to hang onto that one and hope that the renovations that I am doing to it will bring up its value.
My last one is in Westbrook which I bought off plan with the intention of servicing tenants from the New Airport.At present I feel that we aren't getting what I should be able to get for it, Do you think that the demand will go up once the Airport is built and therefore I can push up the rental on that property.
What is the best way for me to get the most out of my 3 investments if there is any advice or info out there it would be greatly appreciated as all 3 are on bonds and at this rate I will be paying them off till I am old and grey.I normally put extra money in to them when I have it.
Many thanks Myles