Property Magicians Podcast

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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