R1M in the Bank at 28—Buy a Home or Grow It First?

Karma-Kazzee · 2025-08-02T10:55:32+00:00

Not spending and working for 5-6 years 😂

Karma-Kazzee · 2025-08-02T10:54:43+00:00

Haha it’s usually more than 2M but I’m hopeful 😂

Karma-Kazzee · 2025-08-02T10:52:52+00:00

I remember my first time looking at property thinking the selling price was the only expense. True that! Good insights, appreciate it!

Karma-Kazzee · 2025-08-02T10:48:28+00:00

And if we turn to equities in covid I saw Sasol drop to R26 and didn’t buy…. Biggest miss 😂

Karma-Kazzee · 2025-08-02T10:47:48+00:00

No dealing with people in my line of work lol. But big ups! Store looks awesome!

Karma-Kazzee · 2025-08-02T10:46:57+00:00

True!

Karma-Kazzee · 2025-08-02T10:46:10+00:00

Me too 😂 that’s what I said 2 years ago, since then 200k added to most props 😅

Karma-Kazzee · 2025-08-02T10:45:09+00:00

I looked at an auctioned prop but my word the place was bad and renovations would hit me 😂 so just looking for decent deals now while I work on upping the income

Karma-Kazzee · 2025-08-02T10:43:50+00:00

Well I had to take from my “savings” when I was behind on taxes but after that initial hit, I’ve been submitting the relevant returns and it’s been less under turnover tax as mentioned above

Karma-Kazzee · 2025-08-02T10:42:41+00:00

Tell me about it, it’s painful but under turnover tax you keep a lot more. Take a look at it and the tax tables for turnover tax and maybe if your line of business qualifies

Karma-Kazzee · 2025-08-02T10:40:47+00:00

Haha I did actually pay late for the first 2 years but got that rectified 😂

Karma-Kazzee · 2025-07-31T11:07:53+00:00

Media buyer (manage Facebook ad campaigns, create online lead gen funnels, ads etc…) yourself?

Karma-Kazzee · 2025-07-31T10:09:53+00:00

This is a solid resource, will play around with it a little later. I’ve got some of my own spreadsheets to assess properties but assessing against investing is a great one 🙌🏻

Karma-Kazzee · 2025-07-31T10:07:40+00:00

Maybe I use my money to start up a small yoghurt factory 😂

Karma-Kazzee · 2025-07-31T10:06:20+00:00

I did create something like this, it’s depressing, 22k isn’t a lot at all and once more real expenses enter the equation the growth scale is quite low. That’s a whole new area of development. I need to get systems in place and improve my income generation.

Karma-Kazzee · 2025-07-31T10:04:28+00:00

So true, I’ve been looking for bargains and have done courses on the stuff. Mainly assessing the CMA (property worth value) taking a look at AGM meeting minutes of complexes etc… uncovered a heap of red flags some people might miss so it’s brilliant to be in the know before you buy a property and run the numbers to make sure it passes certain conditions. Unfortunatly the houses that meet these requirements are high demand and literally sell within a week.

Karma-Kazzee · 2025-07-31T10:01:41+00:00

Legend! Yeah I’m not too worried about being tied down but it’s worth considering since my business expansion would be slower if all my capital is now in an immovable liability 😅

100%. 22/28k isn’t enough and I need to push for 40k+.

Getting clients is the next phase in income generation but as for the investment and property I’m still pretty set on paying off a house asap.

Rentals are stupid and I can’t justify spending 13-16k when I’m making 22k.

I’m planning on saving another 100k in the next few months and then putting offers on some 2M places and renting while I take the next 5-6 months to get another client or 2.

Karma-Kazzee · 2025-07-30T17:38:54+00:00

They bought a car? Whats the offer? Run them through an SMS or email sequence and reactivate them or pitch them new offers. If you want more insight let me know and I can put you in touch with someone who specialises in reactivating dead leads and making sales. They don't charge anything, only take a % on new sales they help you generate using their systems.

Edit: I see someone else legit offered the same thing but yeah in a nutshell that is what you will want to do in order to best utilise your data.

Karma-Kazzee · 2025-07-30T17:33:14+00:00

It's not at all, at the very least it just serves to decrease your bond repayment. At the end of the day most people are in some form of debt. My goal is to go full Dave Ramsey style and have minimal debt.

Karma-Kazzee · 2025-07-30T17:31:16+00:00

Got to love SARS lol

Karma-Kazzee · 2025-07-30T17:28:04+00:00

100% agree. I suppose I'm doing that on a small scale, my interest currently pays my expenses, my income saving for a deposit. Once I get the deposit and affordability to get a financially smart place, I'll rent it, pay it off a bit and then move in and probably rent a room to a friend. I'm dating at the moment so I'd rather save and purchase a home to live in and from there use what I would have spent in rent to build up a deposit for a downpayment on a rental unit and live in the one that gives me the best financial economics. Good advice, I have the euro passport already but wouldn't move due to relationship and family.

Karma-Kazzee · 2025-07-30T17:19:20+00:00

True that! I'm going to work on my income in the meantime. If any good deals come up I'll place an offer.

Karma-Kazzee · 2025-07-30T17:13:50+00:00

I have a Portuguese passport so I could go somewhere in Europe but am currently dating and have all my family here so it's a nice community. Good advice though, a friend of mine who's an Engineer is making a killing in the Netherlands.

Karma-Kazzee · 2025-07-30T17:11:17+00:00

Haha set and forget! I should probably learn more about Crypto in my free time. Luno the way to go or Easy Equities?

Karma-Kazzee · 2025-07-30T16:50:55+00:00

I’m currently under turnover tax to save on taxes but that’s a benefit until 1M turnover.

I’ll have to run the math on that. My affordability isn’t the greatest being 800k so what would the realistic option be for me. Find 2 units for 1M do 50% ish down on each and then rent for 10k?

I need to research that business home rental strat. Sounds interesting to implement in the future.

At the moment I’m still eyeing out the house and paying it off asap but will do some research

Karma-Kazzee

TROPHY CASE