In 2003, I bought a two-bedroom townhouse in the Tanager Security Complex on Dan Road, Kempton Park. The asking price was R140,000.

I bought it with an 80% mortgage. My only cost was R33,000, which was a deposit of R28,000 plus legal fees of R5,000. I paid the deposit and cost in cash.

The monthly rent was enough to pay the monthly mortgage payments, levies, letting agent and maintenance.

That means I never paid more than that original cash cost of R28,000. In other words, I did not pay R140,000 for the property; the bank did. I paid only R33,000 for it.

Thanks to the capital growth over the 22 years I have had it, it’s valued today at R900,000, which is a 2,600% Return On Cash. It’s, on average, 119% per annum!

Remember, this return reflects only the capital growth (“milk”) over the years. I haven’t even factored in the monthly rental profits!

Thanks to the Wealth Mastery System, all the capital growth and profits are 100% tax-free – a critical advantage of our system.

By the way, I refinanced it several times over the years to release the tax-free capital growth.

Now, you might wonder: How can such a high-performing asset be called the “hated little townhouse”?

Here’s the story: I bought it from a family member who now realizes what I understood back then – it’s foolish to sell “good cows”!

That family member despises me for making such a significant profit on the townhouse (the “cow”) he sold to me for a small, taxable gain.

Why? Because it exposes their Financial Planning System for what it really is: rubbish!

It gives you something to think about, doesn’t it?

Regards,
Coert

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