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Showing posts from January, 2021

The SECRET to NOT GOING BROKE

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In this Video, I chat to Taurai from M5 Property Addicts about the best business structures for Property Investors . If the video doesn't play, please follow the Link https://youtu.be/uggrw2egUo4 We have done a series of videos with Taurai Jack of M5 Real Estate (Pty) Ltd, known as M5 Property Addicts, about certain legal aspects of Property Investment and Property Law in general.  The series starts with a look at the solid foundation that all serious Property Investors should establish, namely a solid business structure.  " The most important aspect of making money out of property is preserving and protecting both the property and the wealth that is created. Far too many property investors rush into buying properties without first getting a suitable property investment structure in place. Without a suitable property investment structure you are exposed and vulnerable to creditors who can ruthlessly take away everything you have gained ." -  Jason Lee Follow this LINK for

An ULTRA important Bill

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On 1 December 2020, the National Assembly passed the Upgrading of Land Tenure Rights Amendment Bill . The Bill seeks to amend two provisions of the Upgrading of Land Tenure Rights Act 112 of 1991 (“ the Act ” or “ ULTRA ”) by providing for a constitutionally permissible procedure for the determination of rights of ownership and occupation of land, to remedy the constitutional invalidity of the sections. The Act in its current form discriminates against women in respect of conversion of the land tenure rights into ownership. Land reform comprises of three elements namely land restitution, land redistribution and land tenure. Land tenure reform relates to the securing and protection of customary and informal land rights that were left vulnerable due to previous land policies. The aforementioned Act and Bill seek to secure and officially recognise land rights held by those living on customary and informal land, and to transfer power over those rights to the land rights holders. The

Property Investment - START AT THE BEGINNING!

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" The most important aspect of making money out of property is preserving and protecting both the property and the wealth that is created. Far too many property investors rush into buying properties without first getting a suitable property investment structure in place. Without a suitable property investment structure you are exposed and vulnerable to creditors who can ruthlessly take away everything you have gained ." -  Jason Lee The importance of choosing the correct business entity for the right type of investment (before making the investment) cannot be over-emphasised. This decision determines the protection, method of succession (passing the investment onto future generations at death),  style o f ownership (management / administration / flexibility) and tax treatment that the investor will enjoy or be obligated to by that investment. You could probably buy property in your name if you only want to own one property. People are often advised to buy their primary re

Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!