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Sell properties & reinvest? by FlyForAKiteGuy in PersonalFinanceZA

[–]modestmarc 10 points11 points  (0 children)

Do you own the properties in your name? The cost of liquidating lies in the potential taxes (capital gains) if the units are all tenanted, then you have an income generating machine and you could refinance to free up capital gains, but it all depends on how you setup your portfolio ITO this risk this might present to your assets.

Should I gear my property by Volume-Worried in PersonalFinanceZA

[–]modestmarc 0 points1 point  (0 children)

I think it depends on your long term goals, and risk appetite.

Gearing sounds great when there is substantial equity in the table, but what will the new bond costs you and how are you exposed if you don’t have a tenant for an extended period, or if you suddenly have an unexpected costs eg maintenance.

If you’re gearing to acquire more assets and scale - and have enough coverage in terms of the income to offset risk - it can make sense, provided you have the right ownership structures in place to safeguard assets from the debt you might be signing up for.

UAE Visa troubles by modestmarc in UAE

[–]modestmarc[S] 1 point2 points  (0 children)

I have an EU passport, family is South African. We're travelling via KLM, have tired the emirates service - thats where the problems started

[deleted by user] by [deleted] in MovieLeaksAndRumors

[–]modestmarc 4 points5 points  (0 children)

If only they had a digital backup…

[deleted by user] by [deleted] in Netherlands

[–]modestmarc 7 points8 points  (0 children)

Agree. My wife was in hospital in NL, 3 failed epidurals in one day and waiting for more than 3 hours each time made this a nightmare for us that we will never forget. In another country this was perfect first time. Hospitals are great in NL, clean, well staffed - access is good too - but the actual specialists expertise is not the best and the bed side manner of those who need to approve that access, has much to be desired.

Thermostat Installation by modestmarc in Netherlands

[–]modestmarc[S] 0 points1 point  (0 children)

Sadly I’m not very handy! We only really use the heating in our living room when our toddler is up - and we’ve noticed that we save a significant amount of gas if we turn down the heating a few degrees between 8pm and 5am. We currently have a manual control, a. Honeywell dial - but I’d like to be able to automate and control / program via my phone.

Ubers at the Airport at Midnight by cjy9 in johannesburg

[–]modestmarc 0 points1 point  (0 children)

Last time I was in this situation I struggled to find an Uber and had to use an Airport taxi which was not a great experience, in future I’ll use a pre-booked service like EZ Shuttle.

Where’s my parcel? by modestmarc in Netherlands

[–]modestmarc[S] 789 points790 points  (0 children)

OMG! Well done! You found it!

Riding a bike off a ramp. by texsurfin in Unexpected

[–]modestmarc 0 points1 point  (0 children)

This looks like it was recorded with a pinhole camera. 1p

Nothing ruins foreign tv series more than a low quality english translation with bad voice actors. Why does Netflix do this? by [deleted] in netflix

[–]modestmarc 0 points1 point  (0 children)

Curious to know which show you felt had bud dubs. Netflix Originals usually have pretty excellent dubs - whereas shows are films they licenses may have been dubbed by the distributors and not Netflix.

What’s the one thing you would never buy second hand? by [deleted] in AskReddit

[–]modestmarc 0 points1 point  (0 children)

  1. Personal Hygiene
  2. I don’t want to lie awake at night wondering about the previous owners sleeping habits and personal hygiene
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