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Real Estate Podcast for women and men of color on the African continent. Hosted by 2 South African women.
Episodes
Sunday Dec 08, 2019
Sunday Dec 08, 2019
In episode 15, we interview Sandile Hogana who works as exec for a company called Private Property and is also a property investor.
Sandile is focused on building high end multilets in low income areas, in particular Turffontein.
He started his property investment journey by investing with friends in a pooled fund and then branched out on his own and bought a 3 bedroom property that he converted into a multi let in Turffontein.
Before investing in his first property, he spent 3 months doing his due diligence, mapping out his vision and then laying out his action steps.
He made sure that his property was different from any of the other surrounding properties - it has security, built in cupboards, privacy, care taker and will soon have shared DSTV.
Because of the design and value adds, he is able to rent this property for R2, 500 - R4, 500 per unit and is currently cashflowing at R35, 000 (US$2,350) per month from his first property.
If these figures get you excited, then you definitely need to listen to this podcast and learn how Sandile pulled all this off.
You can contact Sandile at:
Facebook: https://www.facebook.com/profile.php?id=100012503741539
Twitter: @SandileHogana
Linked in: Sandile Hogana
Monday Dec 02, 2019
Monday Dec 02, 2019
In episode 14, we interview Ndumiso Nkonzo, an accountant who sees himself as a farmer at heart. He invests in multilets ekasi (the township).
At the time of recording the podcast, he had a total of 16 property units.
Nkonzo bought his first 2 properties by accident in Midrand; because of his two friends.
His property journey started when he changed jobs and his new boss introduced him to reading and recommended "The millionaire next door" and "Cashflow quadrant."
Those books changed his life and turned him into an investor.
He focuses his attention on buying township properties and then converting them into multilets with backrooms.
His strategy for multilets is unique because he chooses to buy land with one house and then build more properties on there.
It has proven to be a very profitable strategy - one of his properties has a gross income of R13, 000 (US$873) and a net income of R7, 000 (US$470).
Nkonzo has also found a really simple and unique way to make sure that his properties always have tenants.
To learn more listen to the podcast.
You can contact and connect with Nkonzo here:
Ekasi Properties Facebook group: https://www.facebook.com/groups/358215991601671/
Personal Facebook profile: https://www.facebook.com/ndumiso.nkonzo
Monday Nov 25, 2019
Monday Nov 25, 2019
Episode 13 is the podcast episode that all moms, in particular single moms, will love and resonate with.
In this podcast episode we talk to Nqabakazi Tetyana about her real estate journey and how she has married her vision to look after her son financially with her property journey.
She walks us through the mistakes she made when she started investing in real estate and how she was able to learn from those and grow her portfolio from 1 property to 7 properties.
She shares why she is more focused on appreciation vs cashflow and why she chose to set up a trust instead of a company.
We go in depth into the benefits of a trust and how that actually ensures that her son will always be financially looked after if anything happens to her.
She also shares how she is teaching her son about property, so that he understands the business and makes money on the side.
What we loved about this show was how emotionally intelligent Nqabakazi is as well as her practicality when it comes to property investing.
If you're a mom and looking to get inspired about your child's future, definitely listen to this podcast.
Monday Nov 18, 2019
Monday Nov 18, 2019
In episode 12, we bring you one of most inspiring podcasts.
Our guest in this podcast is Lihle King Nxoyi, who is 23 years old, dropped out of high school in the middle of grade 12 because he wanted to be wealthy and believed school couldn't teach him to be wealthy.
His story began in grade 7, when his parents gifted him with Robert Kiyosaki's book, "Rich Dad, Poor Dad."
In that moment he realized that property was his path and he started attending seminars, watching YouTube videos and acquiring knowledge.
He dropped out of school, worked for free in order to acquire knowledge on building a business, got himself a coach and literally hustled his way into his first property deals.
He had no car, no money for transportation (or anything) and somehow through sheer skill, determination and faith, he managed to sign his first 3 property deals in December 2018, all in one month and all for over R2 million (US$136,000).
Those properties are currently under renovation and are predicted to cashflow at R270, 000 (US$18,000) per month.
This is truly one of the most amazing and thrilling stories, guaranteed to inspire you to get started on your property journey.
Listen in and don't forget to share the podcast.
- Contact Lihle at: https://www.facebook.com/lihleking.nxoyi
Monday Nov 11, 2019
Monday Nov 11, 2019
In episode 11, we interview Carlo Mariani, the founder of thepropertycoach.co.za.
Carlo coaches people, mainly women of color, on how to achieve financial freedom by building property portfolios.
In this episode he shares with us his personal journey on how he was able to go from 1 property to 74 property deals by changing his mindset, getting mentors and changing his perception of debt.
Carlo shares how he came from a middle class family where he was taught to focus on paying off his mortgage.
This strategy served him well, until it no longer did. So in 2007, he changed his entire view of debt and went from 54% geared to over 90% geared and used that debt to buy 10 properties on 1 block, close to the Gautrain.
When Carlo lived in London, he learned that property that was within a 10 minute walk of the tube, was always in demand. A lesson that has served him well as a property investor.
Carlo is a coach so this episode is literally a property coaching session in a podcast and you want to grab a pen and paper as you listen.
You can contact Carlo at:
thepropertycoach.co.za
Join Carl's Property Hackers Club by clicking on this link: https://thepropertycoach.teachable.com/?affcode=350875_neoz7g0n
Monday Nov 04, 2019
Monday Nov 04, 2019
In episode 10, we interviewed Linda Dotwana, a portfolio manager from TUHF.
TUHF is a financier that focuses on granting loans to property entrepreneurs who are focused on investing in the inner city.
They have financed up to 40,000 residential units in South Africa.
They work with property entrepreneurs to find high return on investment opportunities in the inner city.
Their philosophy is simple: they work with entrepreneurs and meet them at their level.
They understand that most entrepreneurs don't have all their ducks in a row and are hustlers at heart so their funding requirements are very different from traditional banks.
In fact Linda told us that most banks have an exaggerated sense of risk.
TUHF is not focused on credit reports and credit scores, nor are they worried about how much equity or income you have, which makes them the ideal financing partner for beginner investors.
Here are some other things that make TUHF different to traditional banks:
- they don't see the inner city as high risk, they have an intimate knowledge of the challenges within inner city, which helps them mitigate their risk
- they don't require prior property investor experience because they will give you the people resources and networks to help you succeed
- they give you access to their investor network and team you up with an investor who has already done what you're looking to do
- they see themselves as a commercial property funder but have 15 year loan terms vs 10 year loan terms
- they calculate and pay for refurbishment costs
- they pay for the cost of evaluation of the building
- they have no monthly admin costs
There's so much more that got us super excited about this podcast episode, but to learn more, you will have to listen in, so just click play and be prepared to be blown away.
You can contact TUHF at: tuhf.co.za
Tuesday Oct 29, 2019
Tuesday Oct 29, 2019
In episode 9, we interview Ntombi Sithole, a full time property entrepreneur, who shares with us how she was able to build a property portfolio that cashflow a. R105, 000/ $7,000 per month.
She shares how she bought her first building in 2015 for R 2.5 million ($167,000) and how that building is now worth R6 million ($401,000).
So how did she do it?
You will have to listen to this podcast to really grasp it, but here are some things she shared:
1) Other people's money: she raised money through family and friends and also got funding from non traditional sources of funding
2) She utilized her relationship. She told us that relationships are the new wealth. Not money
3) Lots of courage. She didn't wait u til she was ready or had all the resources. She improvised and got creative when things got tough
Ntombi's company is called Pat-Nini Properties. They Invest, Remodel and Manage Properties.
Their email address is: info[at] patniniproperties[dot]co[dot]za
Tuesday Oct 22, 2019
Tuesday Oct 22, 2019
In episode 8, we interview Benedict Nkosi who is on a mission to retire by the age of 35.
He plans to do this through his property portfolio.
Benedict has 4 investment properties but the one property that really fascinated us was his AirBnB property.
He shared how he bought an underpriced property, converted into a multilet and then started renting out each unit as a separate unit on AirBnB rental and through this he makes a rental profit of R18, 000/$1,800.
Benedict shared the challenges of investing in AirBnB and how it differs from long term rentals.
We also learned about various zoning and legal issues to watch for when embarking on AirBnB rentals.
Self catering short term rentals are definitely in demand, now that millenials have caught the travel bug, so AirBnB presents a great opportunity for real estate investors.
Check out Benedict's blog at this link: http://Sixtyfive.co.za/blog
Also check out his AirBnB profile here: https://www.airbnb.com/users/show/108809095
Tuesday Oct 15, 2019
Tuesday Oct 15, 2019
In episode 7, we interview Slindile Leseyane, who is the founder of Sakhisizwe Property Stokvel (a property syndication).
Slindile talks to us about how she got started in real estate, house hacking, how she got a roommate to help her pay her mortgage.
She openly shares how she started off her property journey by buying single family homes and then had an epiphany that she needed to start investing in multi families and that led to her starting Sakhisizwe Stokvel.
Sakhisizwe aims to create passive income for ordinary people who do have the financial means to invest in large scale multi lets, retail property or student accommodation.
They focus on high cashflow properties and their members get paid monthly so there are no long waiting periods before the investments start paying out.
Learn more about Sakhisizwe at this link: https://m.facebook.com/sakhisizwestokvel/
Tuesday Oct 08, 2019
Tuesday Oct 08, 2019
This week's podcast guest is Neale Petersen, founder of Real Estate Investor Magazine, South Africa and Mizo's real estate coach.
In this episode Neale shares how he became a real estate influencer by making some really big mistakes and then learning from those.
He also talks a lot about the importance of having a tribe and getting mentored on your real estate journey.
This is yet another life changing podcast.
If you enjoy it please share far and wide with your family and friends