Property Magicians Podcast
Episode 106: How to make 2 to 3 times your rental income as an AirBnB Hostpreneur

Episode 106: How to make 2 to 3 times your rental income as an AirBnB Hostpreneur

January 18, 2022

Our guest for today is Nkateko Mlambo, an AirBnB Hostpreneur. She is originally from Mamelodi, a marketing graduate and in her final year of BCom Law Degree.

She is also a property investor. She started her property investment journey in 2008 when she was in the mall with her mom and they saw a real estate agent in the mall. She bought a property for less than R500k and a real estate agent told her she doesn’t have to live in the property, she could get a tenant to pay the rent.

She went to CNA and bought a lease agreement. After the first month she received rental income from her tenant and decided she wants to get own property.

Bought the second property (3 bed, 2 bath) in the township in Mamelodi in 2016. It’s close to shopping centers and transport. The appreciation and the rental income of the second property were so much better than in town or suburbs.

When she was purchasing her second property she had issues with the bank, which questioned her affordability. So she had to do her own arbitration.

She realized that using her payslip to invest in property was going to be a problem for her. So she booked a property seminar to learn more about growing her property investing portfolio. She learned about property in a company name and in a trust. It became clear to her that if she was growing to grow in this space she needed a mentor and coach.

She learned about the rent to rent strategy; she rented a property and then rented it out on AirBnB.  Started to search for properties in Pretoria East and looked for properties listed by the owners, sent an enquiry to the Landlord and spoke to him about subletting the property.

She made money within the first week of renting out the first property.

She then repeated the AirBnB strategy in Cape Town and rented out the property on AirBnB before they even concluded the rental agreement.

In this episode Nkateko explains how to make 2 to 3 times more income with AirBnB than with a buy to rent strategy.

This is episode another jam packed episode.

 

Click play on the audio to listen to this week's episode

Episode 105: How to own 6 properties in less than 12 months

Episode 105: How to own 6 properties in less than 12 months

January 11, 2022

In this week’s #PropertyMagicians podcast episode we talk to Precious Dludlu who works as an external auditing. She grew up in Hammanskraal, the last born of 7 siblings, raised by a single mother who worked as a domestic worker.

When her mother retired she moved to Bronkhosrtpruit, in grade 12, she decided she wanted to be an interior designer but her parents said no, so she ended up studying internal auditing.

She noticed that having an education and a career were not the way to financial freedom. When she fell pregnant she started to change her mindset and decided to build wealth.

In April 2020, a coach introduced her to a Bigger Pockets book

She started listening to the Property Magicians Podcast and hired a property coach in October 2020 and put in her first OTP in January 2021, by December 2021 she had 6 new properties.

First property made a profit of R1200 per month in Sunnyside.

Second property she was able to convert a 1.5 bedroom unit to a 4 bedroom unit and was able to make a R4,000 a month, on a property that she bought for R300,000.

The sellers offered her the third property since she had bought the second property.

She got 90% of the money from the bank to finance her properties; her savings were able to cover the down payment for the first 3 properties. For the fourth and fifth properties she worked overtime to make the money and then used that extra money to pay the 10% deposit and lawyer fees.

She also sold her house and moved to a rental place because the expenses of maintaining a house and paying rates was very expensive.

She plans on doing an AirBnB strategy and going commercial and moving into the salon industry.

 

>>>Click play to listen in

 

Books that have inspired Precious:

 

“Who moved my cheese” by Spencer Johnson

“The richest man in Babylon” by George Samuel Clason

“Rental Property Investing” by Brandon Turner

 

Contact Precious

Facebook: https://www.facebook.com/precious.dludlu.3

 

New Year Episode: Setting property investment intentions and understanding your investor archetype

New Year Episode: Setting property investment intentions and understanding your investor archetype

January 4, 2022

In this week's podcast, we are sharing a replay of a live class where we did a property investing intention setting exercise for Property Magicians on our mailing list.

From the minute we launched the Property Magicians Podcast, we focused on aligning and going within vs doing. We have always prioritized ease and listened to what our souls were asking us to do next. We work from a space of alignment vs doing

We have seen the power of being intentional, which is why we decided to host an  intention setting exercise, to help you on your property investing journey.

This class is about the energetics and emotional aspects of investing and money, so bring a pen and paper and let's clear blocks and connect with our deepest desires and listen to what our spirits want in terms of investing and then we will set the actions.

 

We also do a guided meditation to help you understand your investment archetype.

 

Here are some of the questions we asking in the meditation:

 

What are the 3 fears that are holding me back from becoming you?

What is the one belief about investing that they needed to let go of in order to become a successful investor?

What is the 1 belief they had to adopt about themselves in order to become a successful investor?

What 3 money, investing and personal habits did they have to let go of in order to become  a successful investor?

What 3 investing, money and personal habits did they have to adopt in order to become a successful investor?

How did their relationship with themselves change? What did they need to believe about themselves and money in order to become a successful investor?

What did they invest in? Can they share their investment journey?

 

PS: We launched a Property Stokvel and are currently fundraising for the next Property deal on January 15th, 2022.  The deal is a flip and also has a 15% ROI in 4 months.

If this podcast is resonating with you and you want to be part of the stokvel, then we want to invite you to join the stokvel at this link: wealthy-money,com/stokvel

 

Episode 104: The Low Money or No Money Down strategy of Property Investing

Episode 104: The Low Money or No Money Down strategy of Property Investing

December 22, 2021

In this week's podcast episode we talk to Obakeng Ben Malapile, a 25-year old a mathematics science graduate, real estate agent, YouTube vlogger and property investor.

Obakeng started Forex trading while he studied, he was then influenced to invest in property  after reading Rich Dad, Poor Dad (Robert Kiyosaki). He started his YouTube vlogging while attending property master classes and working with a property mentor.

He set his mind on finding out how to invest in property with little or no money down. He spent 3-years reading, listening to property podcasts and being mentored. 

His first investment property was bought in 2020 cash, in partnership with an investor that found him via his YouTube channel. They bought an apartment and turned it into a 5-bed multi-let abode and it cash-flowed from day 1.

The investor had been following him for a while on YouTube, and they decided to formalise their partnership- Obakeng had the time and knowledge of property, the investor had cash sitting in the bank.

He went on to an Air BnB masterclass to learn about Short-Term Rentals. He now has an Air BnB mentor because his #2 and #3 properties are short term rentals that he does not even own. He used this investor, his credit card and his salary to furnish his two apartments.

Obakeng also shares about the power of building a powerful credit score as a young person or even as a student. He has even drawn in his two younger siblings into his property business and has set them up with debit cards in order to begin building their credit portfolios.

Obakeng is working on his third short term rental. He spends all his time on YouTube and property/ finacial podcasts. His favourite one being BiggerPockets. He intends extending his learning to the many property strategies and one day soon owning a guest house or Hotel.

This episode is another incredible podcast episode.

 

Episode 103: How to go from a negative cash flowing property to raising R9 million (US$571,000) for a property development

Episode 103: How to go from a negative cash flowing property to raising R9 million (US$571,000) for a property development

December 14, 2021

In this week’s Property Magicians Podcast, we talk to Thabo Mongoato, a father of 3 boys and a full-time property developer and coach.

Thabo started off as a pharmacist then did his MBA and worked in various fields, until 3 and a half years ago when he moved into property full time.

In this podcast, he shares how property has always been his passion but he invested in property the “wrong way.”

He bought his first property to have a roof over his head – the interest rates were at an all-time low and rent and mortgage were the same, so it made sense for him to buy.

The second property was an investment decision that went wrong, he attended property training courses that taught him that the property he buys doesn’t have to be cashflow positive and that property appreciates over time and he believed them, but then the property started draining his cashflow and he ended up selling it at a loss after 5 years.

When he had to leave his last corporate job, he realized that needed to think about wealth in a different way. He started reading a lot and attending seminars and workshops and learned about property and the right way of doing things and started flipping and moved into development.

After a few months of coaching, he attended an auction in Boksburg, bought a property, flipped it and made a profit of R151,000 in 5 months.

He then bought a development, which was a half structure for 84 units, which looked straightforward on paper but ended up taking 3 years to develop because of Covid and rising prices.

He is currently working on another development in Braamfontein in Johannesburg and has raised R9 million for that development. 

This is another eye-opening podcast.

Click play to listen and leave us a comment in the comments section below.

Bonus Episode: Making 15% Return on Investment in 3 - 6  months

Bonus Episode: Making 15% Return on Investment in 3 - 6 months

December 8, 2021

Today’s episode is a bonus episode and is a replay of a webinar we did last week; talking about the next deal for the Wealthy Ones Property Stokvel.

The first property investment, we made as a stokvel was very different - we made an investment into Bizzhouse's Villa Lisa property at 15% pa.

The next deal we are currently fundraising for is a flip, where the investor is looking for money to renovate a not so nice property and sell it at a profit. We will loan them the money and make 15% ROI in 3 months. We have until January 6th, 2022 to raise the funds to invest in this deal.

In this episode we covered the following:

  • The vision of the Wealthy Ones Property Stokvel
  • How the stokvel works and how to join on the Stokfella app
  • How to join if you're based outside Southern Africa
  • The deal we are going to invest in - how it works and what it is
  • Answering investor questions, some of which you may also have

Click play to this episode and please share it far and wide.

 

Watch the class on YouTube: https://youtu.be/NPdsYS4FbX8

Watch the video interview with the investor: https://youtu.be/zM_wHBbr1vs

PS: If you are based in these 4 countries: South Africa, Namibia, Lesotho or Swaziland:

Please go to Google Play or iTunes to download the Stokfella app and join as a member and then search for the Wealthy Ones Property Stokvel and request to join as a member.

PPS: If you are based outside of these 4 countries, listen to the podcast to learn how to join.

Episode 102: How to make money from sourcing real estate deals

Episode 102: How to make money from sourcing real estate deals

November 30, 2021

In this week’s Property Magicians episode we interview Alfred Kashindi, a 21-year-old property investor living with his grandmother in Soweto, South Africa.

Alfred is originally from Congo, his mom and dad came to South Africa when he was 5, as a refugee.

Alfred decided in grade 7 that he would never seek validation outside of himself and in grade 11, he started asking himself what he wanted to become and learned that he was not afraid to take risks.

In 2018, he started writing a book on what he would do if he had US$1 million and wrote 100 things. He named 100 ways to make a million dollars and then decided he was going to do each of them and see which one of these things resonates with him.

In 2019, he started realizing he was building a mindset and started reading "Rich Dad, Poor Dad" and focused on working on his money mindset. 

He also attended a Robert Kiyosaki seminar, where he met Toni Ninkovic (episode 57), who later became his mentor.

Toni then taught him how to source deals; he started negotiating deals for investors and making money that way. 

His first deal was in Pretoria after speaking to 67 agents!

He made R8,000 (US$496) in his first deal and then made R150,000 (US$9,293) in 4 months from sourcing.

This is another incredible podcast episode. 

Press play to listen to this episode and share it far and wide.

 

PS: We launched a Property Stokvel and are currently fundraising for the next Property deal on January 6th, 2022. The deal is a flip and also has a 15% ROI and will be hosting a webinar on December 2nd, 2021 at 6 PM South African Time/ 11 AM EST.

If this podcast is resonating with you and you want to be part of the stokvel, then we want to invite you to join the stokvel at this link: wealthy-money,com/stokvel

Episode 101: How to raise R331,000/ US$21,000 in 5 weeks in a property stokvel/fund

Episode 101: How to raise R331,000/ US$21,000 in 5 weeks in a property stokvel/fund

November 24, 2021

In this week’s podcast episode we share what we, the hosts of the Property Magicians Podcast have been up to - a few months ago, we launched The Wealthy Ones Property Stokvel and raised R331, 000/ US$21,000 in 5 weeks and then invested that money in property development for 15% per annum.

A stokvel is a collective saving scheme or investment fund, where people get together and raise funds.

In this podcast, we share the journey of starting the stokvel and raising the funds and how you can get involved and be part of the stokvel.

In this podcast, we answer the following questions:

- Why did we start the Wealthy Ones Property Stokvel?

- What led us to a passive investment strategy?

- What did it take to start the stokvel?

- Why does it work and how do our strengths translate to the stokvel? 

- What is the vision for the Wealthy Ones Property Stokvel?

- How does it work for you? 

- What happens if you default on your monthly payments? 

- How do you get involved? 

We are currently fundraising for the next Property deal on January 6th, 2021. The deal is a flip and also has a 15% ROI and will be hosting a webinar on December 2nd, 2021 at 6 PM South African Time/ 11 AM EST.

If this podcast is resonating with you and you want to be part of the stokvel, then we want to invite you to join the stokvel at this link: wealthy-money.com/stokvel

 

Episode 100: Celebrating 100 episodes and using creativity to build a profitable property business

Episode 100: Celebrating 100 episodes and using creativity to build a profitable property business

November 17, 2021

In this week’s podcast, we talk to John T Griffith, who is the first person to ever tell us about Bigger Pockets and inspire us to get into property. 

We share how the podcast started with a simple email from John, that led to him sharing his journey in the #MoneyMagic student group, which led to the Property Magicians Podcast. As part of the 100th episode, we thought it would be fun to have John come on the podcast to share his property investment and entrepreneurial journey.

John is based in Boston, MA and defines himself as an entrepreneur. He runs several businesses; real estate is one of them, the other is a coaching and healing business.

He got into property because he was tired of paying rent to his landlord who was chilling in Florida and collecting rent checks from his tenants.

He also had a job where he was paying US$50k (R767,000) in taxes a year, which upset him because when he ran his own business he barely paid tax.

So he started asking questions on how to pay less taxes and was told, by a friend, to get into property. 

He bought his first property - 3 unit property (1 bedroom units)  - in 2017 for US$540,000 (R8.282 million) for no money down (he got a VA Loan). 

The property was positive cash flowing from the start - he and his wife decided to house hack; they lived in one of the units and converted the other two units into 2-bedroom units, which allowed them to pay zero rent and still increase their rental income.

When their daughter was born, they needed more space and decided to buy a new property. They used a home equity line of credit to borrow US$33k (R506k) in equity, which became the down payment for the next property.

The second property had 2 units - 1 top and 1 bottom unit. They AirBnB'd the lower level for a year and have now gotten a day-care license and will use that unit to run a day-care centre with 6 kids at US$2000 (R30,673) per kid per month.

This is another jam-packed episode.

Click play to listen to episode 100 and leave us a comment in the comments section below.

PS: To celebrate the 100th episode, we are running a series of live interviews with some guests that have been on the show on our Instagram profiles to hear how being on the podcast has influenced their journey as investors. The interviews are happening in the evenings this week; we will announce the guests and the time of the interview on the day of the interview. To get information on these follow us on Instagram: @VangileMakwakwa and @PropDocMom

Episode 99: What happens when one discovers that property investing is not for you

Episode 99: What happens when one discovers that property investing is not for you

November 9, 2021

In this week’s podcast, we talk to Cindy Dibete, an empty nester, an accountant by profession and a board consultant.

Cindy is the founder of Cosec 8, where she sets up statutory and advisory boards for medium-sized entities that want to break the glass ceiling into large businesses, mentor individuals who want to venture into Non-Executive Directorship and recruit non-executive board members.

Cindy and her late husband bought their first property within days of them deciding they were tired of renting and wanted to own a property of their own.

When their family started to grow, they sold the first property to raise the deposit to buy the second property.

She and her husband then bought 2 properties (2 units) for their child, so that their children could have their own property when they graduated. 

One day they went to an Airbnb to visit mom, and they were served "cremated" bacon so she told her husband to buy them a property so they can make their own bacon when they go visit her mom.

They bought a 16 sleeper and that property served as a guest house for her mother.

When her husband passed on and there were issues with some of the properties, Cindy decided property was not for her; she then sold properties (some at a loss) and bought shares on the stock market instead.

In today’s podcast, we talk about something different - what happens when you realize that property investing is not for you?

How do you pivot and find other means of investing that work for you?

Click play to listen to the episode and leave us a comment in the comment section below.

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