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Real Estate Podcast for women and men of color on the African continent. Hosted by 2 South African women.
Episodes
Monday Jun 29, 2020
Monday Jun 29, 2020
In this week's episode we talk to Jody Moore, owner of Keep It Real Properties.
Jody is a commercial real estate agent who started selling residential property right after graduating high school.
He got introduced to real estate by his wife's grandmother who was a residential real estate agent.
She had multiple show houses, on a Sunday afternoon, and she'd asked him to help her by showing some people around the houses on weekends.
He started reading the materials she left behind at the properties and before long, he was hooked on real estate.
In this podcast we talk to Jody about the importance of working with a real estate agent and the benefits of having an agent on your team and also ask him some key questions such as:
♦️Why should a property investor utilize an estate agent to get property deals - why not do it yourself?
♦️What qualities should a property investor look for in an agent?
♦️What system can you use to make sure you have a constant stream of deals?
♦️Where are the best places for commercial property investors to be looking for deals at this moment?
♦️How will the pandemic change and affect the commercial property space?
Click play to listen to this week's episode and share your thoughts with us in the comments section below.
Tuesday Jun 23, 2020
Tuesday Jun 23, 2020
In this week's podcast we talk to Mawinnie Kanetsi from Lesotho.
This podcast is completely different to any other podcast we've done, not because our guest is from Lesotho (although that excites us because we're crossing borders), but because this guest invests in guest houses, not in residential property.
This is another take on real estate investing - Mawinnie shows us that we can go beyond residential real estate and start marrying our passion for travel with real estate and land.
Mawinnie's journey started off in 2002, when she bought a special site in Maseru to build rooms to rent. She built two 2-bedroom flats (apartments), and got tenants in to pay the rent.
Shortly thereafter she went to Harare, Zimbabwe to visit a friend and stayed at her guest house, when she was there she asked a lot of questions and learned a little about the business; when she got back to Maseru, she started thinking about opening up her own guest house.
She and her husband then converted the property into a 12 room guest house (Phomolo Guest House Matlala, Maseru). The guest house hosts short term and long term expatriates.
In 2007, she bought a guest house in Bloemfontein and turned that into student accommodation for 7 students.
In 2016, she bought a house on an estate and turned their primary home into a 7 roomed bed and breakfast. She also developed some land they'd bought and built a 6 bedroom guest house.
They have also gifted their daughter with a 3 bedroom property to run as her own AirBnB.
If ever you're in Lesotho definitely check out and stay at Mawinnie's guest houses:
- Village Court Guest House
- The Hillside Cottage Guest House
- Phomolo Guest House Matala
Click play below and let us know your thoughts in the comments section.
Thursday Jun 18, 2020
Thursday Jun 18, 2020
In this bonus episode we speak to Neo Moloto, Mizo’s 10 year old daughter.
In the spirit of Youth Month, as well as believing in ‘starting them young’ - we wanted to hear what she’s been learning and seeing from Mizo’s property journey.
Click play below and let us know your thoughts in the comments section below.
Monday Jun 15, 2020
Monday Jun 15, 2020
In episode 39, we talk to Nigel Adriaanse, the first Chairman of Shanduka Black Umbrellas and now CEO of EDPF (Enterprise Development Property Fund).
EDPF is on a mission to change the South African landscape by helping more people of color get into property investing by teaching them about the property market and to raise their own capital through equity partners and bank funding.
In this interview Nigel shares his real estate journey with us and how he sort of "fell into real estate" 20 years ago and then quit his job in 2016 to start EDPF because he saw that most people of color in South Africa don't understand the language of finance and this was holding them back financially.
He started EDPF without any funding and has been able to connect with a whole host of organizations that are able to give support in kind.
EDPF's academy gets 1000 applications every year and can only accept 50 candidates.
There's a need and a demand for real estate knowledge in South Africa and one of the things we discuss in the podcast is how established investors can help newbie investors by sponsoring them to attend EDPF's academy.
Click play to learn more about Nigel's property journey and the incredible work that EDPF is doing in property.
Let us know your thoughts in the comments section below.
Monday Jun 01, 2020
Monday Jun 01, 2020
In episode 37, we talk to Witness Mdaka who was born in Giyani and grew up in Tembisa, Johannesburg.
Witness' journey into real estate started in his teens, in 2007, when his mother found out she'd overpaid her mortgage by R150, 000 (US$8,000), she used part of that money to build 6 back rooms and a garage in their yard.
She tasked Witness with managing the rental income for the back rooms and explained to him that that that money would be used to pay for his university fees.
He did use that money to go to Wits University, but unfortunately he failed his first year and his mother encouraged him to apply to Pearson's Institute where he studied business.
When he got married he and his wife bought his first property for R440, 000 (US$23,750) in Kempton Park so they could use the rest of the funding they qualified for to get more property.
When his mom passed on, he and his wife gave his apartment to his younger brother and his niece and converted this mom's property into an 11 unit property that cashflowed at R16, 500 (US$890) per month.
He then gave the property to his brother to manage, which led us to a whole discussion on how powerful our family homes can be when it comes to helping the family financially.
In 2015, Witness' journey skyrocketed - he bought 4 properties in 1 year and walks us through how he did that in the podcast.
Today, his company has 70 units in the township, with an average of R2,500 - R3,500 per month and has now moved into buying rundown properties in predominantly White suburbs, rezoning them and building apartments.
Click play to learn more about Witness' property journey and let us know your thoughts in the comments section below.
Tuesday May 26, 2020
Tuesday May 26, 2020
In honour of Africa Day, in this week's podcast episode we talk to Papa Boachie-Yiadom who was born in Ghana but grew up in South Africa.
He studied Actuarial Science at the University of Pretoria and soon realized that there were other avenues to focus on if you wanted to create wealth.
He took a job in the home loans division of a bank so he could learn about the home loans process.
He bought his first house 5 years ago and soon thereafter, attended a real estate seminar run by Nqabenhle (episode 28) who was looking for investors for 40 units in Johannesburg CBD.
He bought 4 out of the 40 units and paid R700, 000 (US$38,000) in total, using bank funds. He still owns those units and rents them out for R20, 000 (US$1100) a month.
In the podcast, he told us that this kind of return on investment is a once in a lifetime opportunity.
A few years later he bought a 2 bedroom unit in the CBD for R270, 000 (US$14,575) and rented it out for R6,500 (US$351).
He then built a relationship with a real estate agency so he could start getting access to deals before they were even advertised on the market.
Click play below to learn how Papa built that relationship and how he was able to build his portfolio to 9 properties in 5 years.
Let us know your thoughts in the comments section below.
Side bar: in this podcast Vangile promised to share one of her friend's travel podcast. The podcast is called: Black Woman Travel Podcast. You can check the interview she did on the podcast here: https://blackwomentravel.ashalbh.com/chapter-1-vangile-of-wealthy-money/
Monday May 18, 2020
Monday May 18, 2020
We did tell you that Episode 35 would be a jam packed episode!
We had to bring our guest back, Stuart Shepherd, to talk to us further as we realised that we did not cover the topic of refinancing on his podcast episode.
Thank you to Stuart who was willing to show up to do this bonus. If you haven't listened to Episode 35, make sure you listen to it and listen to the bonus too.
Grab a pen and paper, click play and let us know your thoughts in the comments section below.
Monday May 18, 2020
Monday May 18, 2020
In this week's podcast, we talk to Stuart Shepherd, the owner of 7 Seasons Mortgage Originators, about getting funding for investment properties.
Stuart started off his career working for a bank and knows all about how banks make their funding decisions.
This is actually one of the most important podcasts we have done so far.
In this podcast we explore the following questions and topics:
- Why you need a mortgage originator on your team
- How banks work, what they look for when making funding decisions and how they decide who to fund
- Heat documents you need when applying for a mortgage as an individual, a married couple or a self employed entrepreneur
- What to do if the bank rejects your mortgage application
- How to fix your credit score
- How the corona pandemic is impacting the mortgage industry
- How to hire the right mortgage originator and what to look for in an originator
- How to buy property in a partnership
- What to do it you're married in community of property and your partner is not good with money
This is a jam packed episode, we recommend you get a pen and paper, click play and let us know your thoughts in the comments section below.
Monday May 11, 2020
Monday May 11, 2020
In this episode we interview Nomcebo Masuku who is on a mission to own an entire street of properties.
Nomcebo is an engineer who started her journey with her partner, who convinced her to buy a 2 bedroom house in Westdene, Johannesburg.
Once they bought the property, they moved into it as they refurbished it, added an extra 2 bedrooms and rented it out to 6 students.
They paid a mortgage of R9, 000 and made a rental income of R15, 000.
A few years later, they bought a rundown property in Melville, Johannesburg, moved into that one as well, refurbished it and rented it out to 10 students at R4,000 per month per student ans now make a cashflow of R40, 000 per month.
Their mortgage for that property is R12,000.
They then went back and bought 2 more properties in the same street as their first property in Westdene and are now on track to buy all the properties on that street.
This was definitely one of our favorite episodes because of the way they buy and renovate their properties - they live in the property, do their own renovations and get tenants as each part of the property comes together, so they don't lose money in the process.
They have an 82% retention rate for their properties because of the way they renovate them and upgrade them.
Nomcebo and her partner have now started a company, Solwazi Engineering Turnkey Projects, helping newbie investors maximize their return on investment in their properties.
Click play and let us know your thoughts in the comments section below.
Monday May 04, 2020
Monday May 04, 2020
In episode 33, we interview Hannes Dupper, who started off as an entrepreneur in his 20s and made R14 million by the age of 26; investing in property.
Through a series of mishaps, he lost most of the money and reinvented himself.
He's now the Managing Director of the DJV Group, a company that helps newbie investors start investing in property without doing all the leg work.
DJV offers mentorship and education to upcoming property investors; over time they realized that a lot of people don't have startup capital to get started as property investors- or they reach a ceiling where the bank won't give them any more money.
So they started offering people alternative ways to invest in property:
- People can invest R150, 000 ($8000) in DJV and make a return of 20% per annum over 5 years
- People can contribute R2, 000 ($106) per month over 5 years and still get a return of 20%
They (DJV) take investor money and use that to buy gap housing - 2 bedroom, entry level properties that costs between R600, 000 and R1 million. After 5 years the property appreciates in value and also becomes cashflow positive.
So the company benefits and the investors benefit.
This is a really informative episode and it's perfect for the investor who's short of time or just doesn't want the hassle of doing the leg work of deciding on the perfect property to invest in...
Click play and let us know your thoughts in the comments section below.