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Is property a good investment in the East Rand?

So the question often asked is “Is buying Property in the East Rand a good investment?”

the answer is simply, “I don’t know. Are you a good property investor?”

I personally LOVE investing in property for myself or buy to let.

Where else in the world do you have the banks standing in a queue and begging you to lend you money?

What other investment in the world can offer you such an awesome tax deal, write offs, income earner - you name it?

But please remember, that eager bankers and attractive tax opportunities do not make property a great investment if you personally cannot manage the process or are simply not adept or in love with property itself.

There are many great property deals and  investments ruined by bad investors.

So yes, property is a great investment…if you are a great investor. (Robert Kiyosaki)

What is required is not only skill, but self-awareness of your own shortcomings. You must be brave enough to know when you're not a good fit for a certain type of investing.

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This post first appeared on SA Property - South Africa's Number 1 Real Estate, please read the originial post: here

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Is property a good investment in the East Rand?


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