We have a house valued at R1.3m selling for R800 000.00 in Phalaborwa.
That is a discount of 38% or R500 000.00 equity!
The investor that wants to buy this property must pay an deposit of R60 000.00 immediately to help current owner. That is the reason for this good deal.
This is not a cash flow positive house, but you are buying R500 000.00 equity! You decide what to do with the property after purchase. Flip, buy to let or buy and hold short term to sell later.
Please let me know if you are interested. I will give you more details. This one will go quick, so contact me as soon as possible via email at colin@prevent-repossession.co.za
SA Property Investments is a blog that brings you discount properties for sale.
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