DURBAN - There are those who believe you should never sell an investment property, especially if it’s paid off, generating an income for you every month in the form of rental and increasing in value.
Kotzé added that It may be, for example, that your property has reached the rental ceiling for the block or area in which it is situated, while the levies and / or municipal rates are still rising – and diminishing the returns on your investment. If you sold it and put the proceeds towards the purchase of a property that you could rent for more, you could restore and perhaps even increase those returns.
“In fact, if you do find yourself in this situation, you should appoint a great local agent and sell as soon as possible or risk losing the opportunity to maximise the profit you can make on the property.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LOOK: This Cape Town property raises price ceiling to R22.5m | IOL Business ReportThe price ceiling for a Cape Town City Bowl apartment has just lifted to a record price of R22.5 million for a luxury penthouse in Higgovale.
Source: IOL - 🏆 46. / 51 Read more »
SARB nationalisation alarms market, sinks rand | IOL Business ReportThe domestic currency immediately weakened, giving up earlier gains as a consequence and was trading at R14.34 to the US dollar at around 3:30pm. But it is nationalised. This whole thing is so stupid smh. CR is behaving worse than the flip-flop party. The same as ZUMA the same shit ,the same corruption THE SAME GANGSTER
Source: IOL - 🏆 46. / 51 Read more »
Goodbye Taxify, Bolt is here to speed up growth | IOL Business ReportBolt previously known as Taxify said the name will reflect their mission of building ways to move in cities, be it by car, scooter or motorbike.
Source: IOL - 🏆 46. / 51 Read more »
Facebook plans to create crypto-coins for WhatsApp - reports | IOL Business ReportReports state that the coin would allow users to transfer money on WhatsApp and that it would be a type of digital currency pegged to the US dollar.
Source: IOL - 🏆 46. / 51 Read more »
Zimbabwe central bank borrows $985m from African banks | IOL Business ReportThe nation ditched a discredited 1:1 dollar peg for its surrogate bond notes and electronic dollars, merging into a lower-value transitional currency busrep Who loans Zim money?
Source: IOL - 🏆 46. / 51 Read more »
Surge in fuel prices likely to put pressure on inflation | IOL Business ReportThe Department of Energy said yesterday that motorists would have to pay 74cents a litre more for petrol.
Source: IOL - 🏆 46. / 51 Read more »
State-of-the-art store to be launched at JHB mall | IOL Business ReportMall of Africa is excited to announce that a new Pick n Pay store will open at the centre in the third quarter of this year.
Source: IOL - 🏆 46. / 51 Read more »
#Datamustfall: SA data more expensive than in rival and neighboring economies | IOL Business ReportMobile data in SA is more expensive than in regional economic rivals Nigeria and Egypt and compared to regional neighbours Zambia and Malawi.
Source: IOL - 🏆 46. / 51 Read more »
Cassava Fintech launches cross border money service from SA to Africa | IOL Business ReportCassava Fintech South Africa has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa
Source: IOL - 🏆 46. / 51 Read more »
Absa restructuring puts hundreds of jobs at risk | IOL Business ReportFinance labour union Sasbo was notified to begin consulting staff on the potential impact of the move, union representative Philip Landman said. busrep Interesting that all the banks are shedding staff - Nedbank had net reduction in headcount, as did Standard and now Absa. Shows what technology in particular can do.
Source: IOL - 🏆 46. / 51 Read more »