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There is lots of money to be made with distressed
properties and IGrow will show you how!
IGrow Wealth is offering you, our Platinum and Gold members, the opportunity to invest in repossessed properties.
You can invest in any category and price range to suit your specific needs. |
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Address |
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Market Value |
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Investor Bought For |
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28 Hella cr, Durbanville |
R1 350 000 |
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R851 000 |
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11 Overbosch Close, West Beach |
R900 000 |
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R451 000 |
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11 Lazior rd Brackenfell |
R700 000 |
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R479 000 |
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26 Remmington close, Kuilsriver |
R575 000 |
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R350 000 |
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15 Fish Eagle rd, Langeberg Ridge |
R1 230 000 |
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R581 000 |
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B11 Central Square, Parklands |
R 450 000 |
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R191 000 |
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IGrow investors are able to buy repossessed properties well below market value as seen in the block above. This is an incredible opportunity for investors who want to kick start their property investment portfolio or for those looking to expand their existing portfolios in the current deflated market.
We know that property has and always will be the most secure and profitable investment in the long term. Banks are also prepared to write off a certain percentage to the disposal of these properties and this is where our expertise is of the utmost importance. |
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The property market |
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What is a real bargain? |
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Why sheriff distressed properties? |
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Real examples |
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How does it work? |
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What Now? |
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We do a comparative market analysis (CMA) and deeds search on the specific property. |
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We also draw historical capital growth statistics from SAPTG to determine the historic capital growth in the area over the last 5 years. |
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IGrow will ascertain how much the bank is willing to write off on a specific property. |
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We assist you with the resale of your property. |
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Assistance in tenanting the property and the relevant property administration and letting to be done by an accredited letting agent. |
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IGrow can also assist by referring you to some excellent renovation teams, if the need for renovation would arise. |
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IGrow will provide you with a holistic Distressed Property buying service for peace of mind - from the day you see our consultants until the day your tenant takes occupation. |
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Because we focus on 3 key determining investment criteria: |
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Equity - difference between purchase price and market value immediately available as we will register a maximum bond and this is your insurance policy for any unforeseen events |
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Rental factor - difference between bond repayments and rental income |
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Break even point - when bond repayments are equivalent to rental income received which should not be more than 1-3 years (we had transactions which broke even on date of registration) |
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We will prove to you that when buying on Reserved Distressed Properties and insolvent estates (executors), properties in possession (PIP) sometimes turn out not to be the bargain that many people wants you to believe and could even be costly. Do you know about all the pitfalls?
We specialize in buying repossessed properties at sheriff distressed properties and have a step by step approach in the procurement of repossessed properties.
In our seminar we will prove to you that buying properties correctly at a sheriff’s distressed property could be the most powerfull and profitable way of buying properties above all other methods available. |
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You must have 18.55% of the intended investments value plus R9,975.00 sheriff fees available in cash which will be held in a trust account by a credible law firm. |
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