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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