Deals Requiring investors

Fix and flip property in Cape Town Northern Suburbs, we have partnered with local investors to onboard a property in need of some TLC, which we will start on occuapation.

This would include a new kitchen, bathroom and repainting etc

Our aim is to flip this property within 3 months from occupation

 

Somerset West Cape Town Successful deal 3 ZAHomes Somerset West Cape Town Successful deal 2 ZAHomes Somerset West Cape Town Successful deal 1 ZAHomes

 

 

 

 

  • Funded major renovations and deposit for house
  • Complicated Sale as house was occupied
  • Good return on investment
  • Growing network and partnership with property investors

Urgent sale by seller. We offered an immediate purchase by way of an instalment sale agreement (ISA) to stop the seller from having ongoing costs on a unit he was struggling to keep.

This unit is in the same complex as the deal above. We’ll now be able to offer families two units or cater to two sets of single travelers.


Before and after pictures of the kitchenette renovation

The offer was accepted at 10% BMV

This unit will be ready for the next summer season.

Deals in flight with Investors

Fix and flip property in Cape Town Northern Suburbs, we have partnered with local investors to onboard a property in need of some TLC, which we will start on occuapation.

This would include a new kitchen, bathroom and repainting etc

Our aim is to flip this property within 3 months from occupation

 

More details coming soon

Somerset West Cape Town Successful deal 3 ZAHomes Somerset West Cape Town Successful deal 2 ZAHomes Somerset West Cape Town Successful deal 1 ZAHomes

 

 

 

 

  • Funded major renovations and deposit for house
  • Complicated Sale as house was occupied
  • Good return on investment
  • Growing network and partnership with property investors

Urgent sale by seller. We offered an immediate purchase by way of an instalment sale agreement (ISA) to stop the seller from having ongoing costs on a unit he was struggling to keep.

This unit is in the same complex as the deal above. We’ll now be able to offer families two units or cater to two sets of single travelers.


Before and after pictures of the kitchenette renovation

The offer was accepted at 10% BMV

This unit will be ready for the next summer season.

Before and after pictures of the kitchenette renovation

In process of obtaining finance approval, the offer was accepted at 20% BMV

More details to follow on this hotel unit in Bloemfontein which came with all beddings, furniture and fixtures in place ready to be Airbnb’d.

A lengthy finance approval and transfer process was included to ensure transfer only takes place after winter allowing more time for COVID vaccinations to be rolled out and for business to get back to normal.

This unit was launched in June 2021 and can be found via this Airbnb link: https://www.airbnb.com/h/bains-game-lodge-best-rates-free-wifi

Property Deals completed

Bought initially as a commune, the plan was to rent out each room, whilst we rezoned to Res3 and then added more units on to maximise the space and rental income.

Not all plans pan out as planned, which is why it’s important to stick to the buying criteria of having two exit strategies per deal.

Black Swan events happen and this is an example of just that. During the first 6 months of COVID, the room rental market in this area took a sharp decline. Whilst we bought correctly and could take on the reduced rentals, the result would have been too tight to maintain long term. With no clear timeline for COVID to come to an end, we needed to act on the exit strategy.

We pivoted, sought out other investors, and found a developer looking for a unit he could demolish and rebuild entirely. We sold this property for a R50 000 profit, with none of our own money down and only 10 hours of our own time in it.

The importance of buying correctly and with the correct exit strategies in place is a lesson for all investors to pay attention to.

Kuilsriver Cape Town Successful deal 1 ZAHomes

  • Funded minor renovations and deposit for house
  • Owner looking to relocate quickly
  • Good return on investment
  • Growing network and partnership with property investors

 

 

 

 

12 bed student accommodation located in the perfect student area. This property is NSFAS accredited, further adding to its appeal and earning potential.

  • Bought for R1 300 000
  • Equity of R350 000
  • Buying and refurb costs: R150 000
  • Annual costs: R222 000
  • Annual income: R392 500
  • Annual Profit: R170 000

Bellville Cape Town Successful deal 2 ZAHomesBellville Cape Town Successful deal 1 ZAHomes

  • Funded like-minded investors with a student housing project
  • Funding for renovations &furniture
  • Great return per annum
  • Growing network & partnerships

A beautiful home in Pretoria where we set out to solve someone’s problem!
Click the link and watch as I unpack her story: Click here to listen to Sibongile’s story

  • Purchase price R1.1m
  • Market Value R1.65m
  • Market value discount <30%
  • Equity R500 000

Rental Income

  • Monthly costs: R13 500
  • Monthly rental R16 500
  • Monthly Profit R3000


Click here to Rent this unit

A full refurb after termites decimated this property. Anything wooden need to go!

Bought 50% below market value, we spent nearly double to gut this entire property and give it a complete facelift!

  • Monthly costs: R12 000
  • Monthly rental: R19 000
  • Monthly Profit: R8000
  • Equity: R100 000

This property is in process of being refinanced to release funds back to the Cape Town Property (mentioned a few deals above)

 

 

 

 

3 bed 1 bath apartment located within a short walk of Universitas in Bloemfontein. This is a neat student accommodation with three rooms for three students.

  • Bought for R340 000
  • Equity of R65 000
  • Buying and refurb costs: R45 000
  • Monthly costs: R5900
  • Monthly rental: R9900
  • Monthly Profit: R4000

Burgundy Estate Cape Town Successful deal 8 ZAHomes Burgundy Estate Cape Town Successful deal 7 ZAHomes

  • Plot and Plan from developer in up and coming area within a complex.
  • Good Capital growth within 3 years as limited houses available in the area.
  • Rental is self-managed and cash flow positive.

A rent to rent Airbnb in Sea Point. This started as a househack and a 2 bedroom full rental when the occupant traveled, but since 2019 it has become a full time cashflowing Airbnb unit. It has a 2 and 1 bedroom option for rent.

Check out the listing here: https://www.airbnb.co.za/rooms/23460170

 

 

 

 

Airbnb unit purchased in 2016 and operating as an Airbnb since. Occupancy on average has been 90%

This unit is currently an Airbnb Plus listing, which means it ticks a few boxes over and above standard Airbnb listings.

 The listing can be found here: https://www.airbnb.co.za/rooms/plus/10532948

 or by scanning the QR code

 

This unit was fully bonded for 15 years upon purchase and we are now positioning it as a 50% share sale into this unit for other investors, in order to reduce our bond installment and increase our monthly cashflow position on this unit once interest rates start to rise.

Bought directly from a  developer at 15% BMV, this urban professional hub sits between the new harbour arch redevelopment and the new District 6 redevelopment.

Currently sitting on cash flow neutral, this unit was refinanced to release equity for a JHB buy-refurb-rent investment. Upon completion of the JHB property, the funds will be returned and will once again return cash flow positive.


Click here to Rent

  • Purchase Price R445 000 – 20% Below Market Value (BMV)
  • Refurb R75 000
  • Selling price R685 000
  • Selling costs R65 000
  • Profit R100 000

3 sets of existing tenants lived in this 1 bedroom 39m2 property, each set taking 8-hour sleeping shifts and not wanting to move anywhere.

We came in, offered the tenants money to move out, which they accepted and took ownership of a cockroach-infested unit.

Within 6 weeks, we had ripped out the entire kitchen and bathroom, replaced the rotting windows, tore up carpets which we replaced with screed flooring and finally gave it a new coat of paint.

2 weeks after the refurb, the property was rented as cashflow positive.

We waited till after winter and began marketing for investors to buy a completed unit with tenants.

Sold within 2 months at a R100 000 profit

Burgundy Estate Cape Town Successful deal 5 ZAHomes Burgundy Estate Cape Town Successful deal 6 ZAHomes

  • Plot and Plan from developer in up and coming area.
  • Good Capital growth and equity potential for refinance.
  • Rental is self-managed and cash flow positive.

Burgundy Estate Cape Town Successful deal 4 ZAHomes Burgundy Estate Cape Town Successful deal 3 ZAHomes

  • Bought directly from developer in up and coming area.
  • Refinanced to release equity.
  • Rental is self-managed and cash flow positive.

Successful deal Port Elizabeth ZAHomes

  • Using contacts in the building industry, built a 3 bed starter family home for rental.
  • Capital growth of 50% since developed.
  • Low Maintenance
  • Rental is self-managed and cash flow positive.

Burgundy Estate Cape Town  Successful deal 1 ZAHomes Burgundy Estate Cape Town  Successful deal 2 ZAHomes

  • Bought directly from developer in an up and coming area.
  • 5-7 year plans include shopping centres and industrial infrastructure development
  • Great capital growth and equity potential. Unit is cash flow positive. Rental is self-managed.

Land flip

  • Purchase price R165 000
  • Sale price R285 000
  • Selling costs and concessions R25 000
  • Profit R95 000

A rather unfortunate story with a great ending for all. The distressed seller had reached out as the bank was about to move in to repossess the last of his properties. He had bought when times were great and from an agent who oversold the potential dream. He bought overpriced hoping for a surge in the market which never came. When he needed to sell, he was unable to get even half the value he paid and was scraping together as much as he could.

The bank had already started the repossession process and a sheriff auction was days away. We scraped together as much cash as we could in 2 days, which turned out to be R165 000 in cash that we could gather from credit cards and loans.
With no credit history or a lump sum of cash, the new buyers were unable to get a loan, this vacant land was sold via an installment sale to a couple looking to retire from the city and work remotely for 3 days per week.

Installment sales are where we act as the bank and they pay us back a monthly amount as if they were obtaining a bond from a bank. There are naturally stringent contracts and protections in place for both parties.

Century City deal pic 1 Century City deal pic 2

  • Bought in a private deal after their original sale fell through at 10 % below market value.
  • Great capital growth in the area, property has been refinanced & equity released in 2017 for re-investment.
  • Rental is self-managed and cash flow positive.

2 bed 1 bath 80m2 apartment located within 2 minutes walk of trams and trains.

  • Monthly costs: €650
  • Monthly rental: €1250
  • Monthly Profit: €600
  • Equity: €100 000

Purchased in 2006 from a couple emigrating from Holland to the UK, the couple had already left the country and with the property standing empty, was not selling.

Bought at 12% below market value. This property has doubled in value over the past 14 years, and brings in roughly €600 p/m cashflow after all expenses.

This property is located on the edge of Amsterdam and is targeted at people looking to share in order to maximise the rental returns.


Click here to Rent