In this week’s episode we talk to Cacisa Mgudlwa, a town planner and property investor, who takes us through her journey of paying off R365,000 (US$23,644) in debt so could start her property investing journey.
As property investors, we often hear horror stories about zoning, in fact, when we started the property podcast, we (Dr Miranda and Vangile) were both interested in a multi-let in Mpumalanga, South Africa, but we soon found out that the multi-let had some zoning issues and parts of the building would have to be torn down in order for the sale to happen, which basically defeated the sale.
Needless to say, the sale didn’t happen.
So in this week’s episode, we decided to bring a town planner in South Africa to answer some questions:
🔴 Why is it important for real estate investors to understand zoning in their municipality?
🔴 What is town planning and how do town planners work with real estate investors?
🔴 How long does it to take to rezone a property and what is the process to do this (change a property from a residential property to a multi-let or from a commercial property to residential units)?
🔴 Why is it important to see the title deed before you purchase a property?
Click play to listen to this week's episode and leave us a note in the comments section below.