{"id":166271,"date":"2020-09-21T14:46:27","date_gmt":"2020-09-21T12:46:27","guid":{"rendered":"https:\/\/www.myza.co.za\/why-make-expensive-mistakes-when-you-can-just-learn-the-lessons-mypr-co-za\/"},"modified":"2020-09-21T14:46:27","modified_gmt":"2020-09-21T12:46:27","slug":"why-make-expensive-mistakes-when-you-can-just-learn-the-lessons-mypr-co-za","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/why-make-expensive-mistakes-when-you-can-just-learn-the-lessons-mypr-co-za\/","title":{"rendered":"Why make expensive mistakes when you can just learn the lessons? | MyPR.co.za"},"content":{"rendered":"

Why make expensive mistakes when you can just learn the lessons? | MyPR.co.za<\/a>: <\/p>\n

MyPR: Why make expensive mistakes when you can just learn the lessons?<\/strong>: <\/p>\n

\"\"
Investment Lessons<\/figcaption><\/figure>\n

Learning anything \u2013 from walking to making money \u2013 is a process of trial and error, so wouldn\u2019t you prefer to cut out some of those errors and get straight to the lesson? You have come to the right place. Here are some lessons you can learn without having to make the mistakes first.<\/p>\n

It’s all about the people<\/p>\n

No matter what shiny, new development you are yearning to invest in, you need to make sure you have the right people to support and guide you, especially if you are investing offshore. You may know everything about investing at home \u2013 you can recite every bylaw that applies to property usage and zoning \u2013 but when you leave the safety of your homeland, make sure you have partners who are trustworthy and actually know what they claim to know.<\/p>\n

Play the long game<\/p>\n

Investing in property offshore is not a get-rich-quick scheme. You need to take at least a five-year view, a big reason for this is our highly volatile rand, which is much rougher in the short term, but will cancel out in the longer term. Essentially, anything shorter than five years is not different to gambling.<\/p>\n

Information is power<\/p>\n

Get your hands on the right information \u2013 information that reflects what is really going on. The property you are planning to buy is going for a song, what\u2019s the catch? It\u2019s located next door to a condemned building filled with squatters or the strip mall that a super-salesman has been telling you about is miles from anywhere and most of the shops are empty. Getting the right information relates back to having the right partners, people you can rely on and who will tell you what you need to know \u2013 not only what they need you to know.<\/p>\n

Compare apples with apples, always<\/p>\n

Take a good look at how tax, structuring and compliance will affect your investment, so you can make a useful comparison of what will be a better deal.<\/p>\n

The currency factor<\/p>\n

When you invest offshore, you need to take the exchange rate into account \u2013 the deal may not be fabulous, but if the rand is under pressure, then you can benefit. In fact, even if you lose percentage points on the property, you will get support from the weaker rand. Again, this works best when you have a five-year view. While the property is earning income and you are getting good returns on your rand investment, stay put, as it is based on long-term trends and fundamentals.<\/p>\n

It’s not about you<\/p>\n

When it comes to the d\u00e9cor choices of the property you invest in, remember it\u2019s not about you \u2013 it\u2019s about the tenants. If the tenants you are targeting want small kitchens and tiled bedrooms, then give them what they want. If you have bought a property as an investment, it doesn\u2019t matter if it is not to your taste, as long as the tenants like it.<\/p>\n

Income is where it\u2019s at<\/p>\n

Keep your focus on the income, not the growth, and you are on track to survive dips in the market. You lose money in property when you sell in a panic. If you have a good stream of income because you focused on the investment fundamentals, then you sell only when the time and price is right for you.<\/p>\n

A team event<\/p>\n

Crowdfunding allows you to raise money with the help of others \u2013 you can raise $ 10 million by getting $ 100 from 100,000 people rather than getting the whole amount from one source (typically a bank). Online platform Wealth Migrate, for example, offers this as a way to invest in international property.<\/p>\n

Pay it forward<\/p>\n

People are living much longer \u2013 celebrating your 100th birthday is no longer a rare event. Take the time to accumulate first-world assets and income, which makes you a global citizen, and the world is your oyster. What you put in place today can pay huge dividends one day when you want to retire.<\/p>\n

Now, take these lessons and use them to take charge of your future.<\/p>\n

CLICK HERE to submit your press release to MyPR.co.za.<\/p>\n

– MyPR<\/small><\/p>\n

CLICK HERE to submit your news to www.MyPR.co.za.<\/p>\n

Click here to submit your Johannesburg, Gauteng News – free.<\/p>\n

Have you tried:<\/strong> Travelling to South Africa?<\/p>\n

Did you know this about Johannesburg?<\/strong> After the Great Trek European pastoralists started settling in the Transvaal. Some of them chose to farm where Johannesburg was to rise later. Each burgher (citizen) was entitled to at least one farm, measuring 1500 morgen or about 3100 acres. The first recorded discovery of gold on the Witwatersrand was made by Jan Gerrit Bantjes in June 1884, on the farm Vogelstruisfontein.<\/p>\n

Source:<\/strong> MyJHB<\/a><\/small>
\n<\/p>\n

Read more on MyJHB<\/a>.<\/p>\n

Join the fun:<\/strong> Add Your event<\/a> | Submit a Press Release<\/a> | Add your listing<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why make expensive mistakes when you can just learn the lessons? | MyPR.co.za: MyPR: Why make expensive mistakes when you can just learn the lessons?: Investment Lessons Learning anything \u2013 from walking to making money \u2013 is a process of trial and error, so wouldn\u2019t you prefer to cut out some of those errors and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3332],"tags":[5146,6651,4177,5109,3897,26763],"class_list":{"0":"post-166271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-johannesburg-south-africa","7":"tag-expensive","8":"tag-just","9":"tag-learn","10":"tag-lessons","11":"tag-mistakes","12":"tag-mypr-co-za","13":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/166271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=166271"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/166271\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=166271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=166271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=166271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}