Do you want to own your own 3 bed duplex townhouse? But you run your own business and do not qualify for a Mortgage loan/ you have a bad credit record!!
I have owned a lovely, quiet, mature, gardened eight unit duplex complex at 35A African street, Orchards, for 25 years, and I want to sell the spacious (124 sq metres) 3 bed 3 bath (2 en suite) 3 bed duplex townhouse.
I am in the process of placing the unit into an NFT (non fungible token – this will live in Crypto space!!). Most people are uncertain/frightened/do not understand the Crypto market. They think it is risky/volatile etc….
Most NFT’s are used for computer gimmick’s, because the people who have designed them are computer geeks! But as clever property people are just starting to realise, this is a FANTASTIC WAY TO OWN SOME PROPERTY
I am a free thinking, entrepreneurial CA, MBA with 40 years of cut and thrust business experience, and have always been 10 years ahead of the market with a range of new ideas.
NFT’s can be used to borrow money in the Crypto equivalent of the mortgage market. There are four main advantages to the formal South African (highly regulated) property market:
interest rates available in the DeFi (decentralized) crypto space are based on international trends, which means that they are lower than South African interest rates.
The costs in this paperless/no middleman space are mindbogglingly cheaper
The processes in Crypto space are also much faster than in the “real” world.
DeFi space is also VERY flexible and FAST (compared to slow, expensive real world property transactions!).
A few years ago, I developed a rent with Option to Buy contract, which I suggest we sign up first, in which I will give you six months to establish that this is where you want to stay and buy. After that we can convert to the NFT deal.
The clinching factor of this offer, is that the base rent payment of R12 500 p.m. will most probably be more than enough to cover the “Crypto Bond” payment of 100% of the value.
It is unlikely that such an AMAZING offer exists ANYWHERE ELSE IN THE MARKET Rental price equating to the bond costs!!!! The only extra you will have to pay is 20% of the Rates & Taxes (about R170 p.m.)
Obviously the extras cover all the other costs of living there. After the Jul 22 increases this will be about R1 800 p.m. (See below) depending on light and water consumption.