Simplest financing on earth!
ALA remains the best solution
I bought my first house in 1983 using the ALA (Alienation of Land Act 68 of 1981) method. Apart from some attorneys’ fees and my monthly bond repayment it didn’t cost me a single cent. No deposit or immediate transfer duty. Best of all, of course, was that I didn’t have to get the permission of any bank. Since 1983 I’ve bought many houses in the same way. Under www.treocinvestor.com‘s “Shared Investor” section, you can see an actual portfolio, Treoc 104, that consists of 21 of these ALA properties.
Conventional bonds vs ALA
Buying property with the bank’s money is very hard these days if you want to do it in the conventional way, because getting bonds is still very difficult. According to one senior bank director that I spoke to recently, it’s going to get even more difficult in the future.
This means that the ALA method is going to be the only method for getting access to financing, and the number of enquiries I’m receiving about it at the moment tells me that our members also realise this.
The popularity of the method lies, of course, in the fact that you get access to 100% financing without having to apply for it and without having to qualify for it. Even someone who is blacklisted can get access to 100% financing with this method. I’m receiving plenty of emails from people who want to know how it works, how the purchase contract should look, who the attorneys are that we use for this, and so on. Very few attorneys and estate agents know about .........................
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Hallo Coert
Ek lees jou artikels met groot aandag. Alles goed en wel om maniere te kry om NOG eiendom te koop vir die wat kan. Maar dalk kan jy ‘n slag skryf oor hoe om bestaande eiendom aan te hou betaal. (Wat op die Treoc manier gekoop en gefinansier was).
Die hoë rentekoerse, en ander faktore, so paar jaar terug het al die beskikbare kapitaal opgevreet.
Die banke gee net 80% verbande, en as jy gelukkig is 90%, dus is herfinansiering op die stadium glad nie ‘n opsie nie.
Daar is nie genoeg waarde nie agv die lae groeikoers die afgelope jare.
Die eiendomme is nog jonk, dus was daar nie vreeslike equity by die aanvanklike koop daarvan waarop mens kan terugval nie.
In die huidige ekonomiese omgewing is dit onmoontlik om huur met 10% per jaar op te skuif, 7-8% is meer die norm.
‘n Tipiese scenario: Eiendom gekoop in 2006 vir R600 000.
Groei was gemiddeld 3% vir 5 jaar. Eiendom is dus nou werd R695 564.
Bank gee net 80% verband dws R556 451. Bestaande verbandsaldo reeds hoër as wat die bank bereid is om te uit te leen.
Om verband na bank te skuif wat 90% toestaan is nie die moeite werd, aangesien die prokureurskostes meeste van die
geld gaan gebruik.
M Pretorius
Comment by accounts@phwillowlake.co.za — January 20, 2012 @ 11:15 am
Beste M
Jy kan nie die Treoc Way volg deur net my artikels te lees nie.
Dit is duidelik dat jy nie die Treoc Way gevolg het nie. Alle Treocians het diensverskaffers en beplanners wat hulle help met hulle beplanning en probleemoplossing.
Ek stel voor jy sluit so gou as moontlik aan by ons klub, doen die online kursus en volg die Treoc Way nougeset in die toekoms.
Groete
Coert
Comment by Coert — January 20, 2012 @ 10:01 pm
Hello Lightminded team.
I have been a very poor member for several years now – lrgely by my own hand. I do, however, find it very difficult to find any service providers that can provide the platform for full implementation of the “Treoc Way” in Port Elizabeth.
Please assist as I wish to be an informed, active and pro-active member.
Kind regards,
Peter Lamont
Cell: 082 940 6781
Tel: 041 373 5187 (w)
Fax: 086 231 3262
Comment by Peter Loudon — February 5, 2012 @ 12:50 pm
Hi Peter
I asked our marketing department to contact you.
Amanda van Wyk
amanda@treoc.com
Regards
Coert
Comment by Coert — February 6, 2012 @ 7:18 am