Property Magicians Podcast
Bonus Episode: Make 17% ROI per annum in your next property deal

Bonus Episode: Make 17% ROI per annum in your next property deal

June 21, 2022

In this week’s episode we share our next Property Magicians Stokvel deal. This is the fifth deal that we will be investing in as a stokvel.

Here's a quick summary of the minutes and what was discussed at the meeting:

The meeting starts off with Vangile greeting everyone and giving us updates on the stokvel.

Vangile than hands off to Miranda so she can brief us with Deal 2’s payout that is happening in Aug 2022 and how everything will work. Miranda then takes us to Deal 5.

Miranda explains why the first investor didn’t work. The reason was that she couldn’t get a hold of the seller because the person was currently out of the country. Meaning she couldn’t produce an OTP.

But Miranda did let the investor know that when all is sorted, they can come back and propose their deal to the stokvel.

Miranda then explains the NEW deal 5 that has been put in place. The deal is with Mzwiwethu, the same developer we invested in with deal 3. We are partnered with Sakhisizwe Funders Stokvel meaning this investment is for 12 months (July 2022-July 2023). The return on investment is 17% per annum, to protect our investment we have been allocated with Erwe at site to sell should the deal not go as promised.

Miranda then shows us pictures of phase 2 and 3 of the Mzwiwethu project and how far they are. She then tries to share a video with us but due to technical difficulties it was sent to the WhatsApp group, and she explains what the video is showing.

The Amount that the stokvel currently has in both the Stokfella acc and FNB acc totals to R380,075 (US$24,035). So, we have until 24 June, 2022 to top up investment going towards Mzwiwethu contract 1. Then we have until 24 July to collect the second Mzwiwethu contract. The aim is to raise R3.4 million between the two stokvels (Property Magicians & Sakhisizwe).

Miranda starts taking us through the payment options available to everyone nationwide. For more details visit our website.
Q and A.

Vangile takes us through the spreadsheet process of money allocation and how it works and how the members can assist by ensuring we have put the correct figures.

You can learn more about the Stokvel and how to join at these links:

Episode 120 (repost): From Being a Creative to making R100k (US$6500) in his first real estate deal

Episode 120 (repost): From Being a Creative to making R100k (US$6500) in his first real estate deal

June 16, 2022

In this episode, a serial entrepreneur and creative Tsotetsi of the Moleleki-Group shares his journey of being in sales, an account manager, a stylist and a brand manager for various corporations. He loves design from clothes, furniture AND beautiful spaces. This is what landed him with architects and developers of “high-end” properties in the North of Johannesburg.

 He had very little knowledge of real estate when he did his first deal - a “flip” that yielded R100 000 (US$ 6 370). He bought a piece of land in a high-end Estate from a “distressed owner”, the land already had municipal services and was ready to build. He then sold off the land at a profit and never looked back.

Tsotetsi considers himself a differentiated “realtor” in that he does not wait to find one seller at a time. He often finds himself with a stock of newly built high-end properties or stock from the banks and Attorneys that are selling off “distressed properties”. He “solves” the many property problems that both investors, developers and funders find themselves in.

In this podcast, he shares the various ways of “sourcing” properties to sell, or match buyers to sellers! He also shares- his story of almost going bankrupt THREE times in this business and how he was able to change all this.

Here is an inspired story of a self-taught property manager, property investor and realtor.




WhatsApp: 0788675766

Episode 121: Buying your first property at 21

Episode 121: Buying your first property at 21

June 14, 2022

In this episode we talk to Thembisa Winston Kunene, a 25 year old entrepreneur by profession and a selfless philanthropist by passion. He considers himself an old soul.


He was born in Swaziland, but his dad lived in South Africa, which is how he ended up moving to South Africa at the age of 5. He went to an international school and was exposed to different races and different cultures.


He built relationships at his school that allowed him to work as a receptionist for one his friend’s parent’s recruitment company, which eventually landed him a job as a PA at Pam Golding, where he was mentored about the real estate industry.


He bought his first property from sellers that were leaving South Africa, who were listing the sale as urgent. The property was R450,000 and he got it for R270,000 and used his savings to pay for the transfer costs.


He currently has a tenant that pays him R4,500 a month for that property. He had already mentally started preparing to get a property and started building his credit score before he got his first property.


He got his second property (2 bedroom) through an installment of sale agreement in a golf estate and it was a divorce sale. The couple had decided to move out and wanted the sale to happen urgently.


He got an attorney to register his name against the title deed and to pay off the profit in 5 years. He aimed to pay off the property in 3 years and make a R500,000 profit when he resells the property.

After getting the second property, he negotiated with his dad to use his land to build property and get into short term rentals.

Tune in!

Episode 119: How to make a fortune developing low-income housing in South Africa

Episode 119: How to make a fortune developing low-income housing in South Africa

May 17, 2022

In this week’s episode, we talk to Isaac Masilela, the founder of Mziwethu. He was born on a farm in Mpumalanga, where his father was rendering his services for a place to stay. Watching his parents build houses with mud and farming to sell food, shaped him to be the entrepreneur he is today.


When he went to Secondary School, he went to live with his uncle who had structured houses; he decided then that he would build his parents a house. He became interested in housing and building houses.


In 1999, he had an opportunity to rent a 3 bedroom apartment to rent with friends, because he couldn't afford to pay for the house and his new car. This taught him that he could collaborate with people. 


He bought his house in 2000, a few years after working for 3 years and took an R120,000 bond and invited his friends to stay with him and charged them rent so he ended up staying for free.


This sparked his interest in property and he decided to buy another property, which he rented out to someone. By 2004 he had 6 properties in his own name.


He then decided to buy a half complete house. He completed it and flipped it. He had no experience in building a house and had to register as a builder. He made a profit of about R300,000 on that house in 2 months. This motivated him to keep going in building houses and selling them.


In 2005, some guys approached him to start building some properties together and do property development and they ended up building 20 upmarket houses in Witbank. By the time they completed the development, the recession hit in 2008, so they ended up with R30 million in properties.


Because it was a recession, people were not qualifying for home loans, which encouraged him to pivot to lower-income housing and social housing, because people were qualifying for lower-priced properties.


His company, Mziwethu, focuses on the Gap Market, where people get grants from the government and housing subsidies from their employers. Fast forward to now where his company builds hundreds of houses per annum for the low-income market.


This is how Mziwethu ended up partnering with Sakhisizwe and Property Magicians Stokvel, which have invested a total of R3 million into their project in Secunda so far; we are now discussing how to work with Isaac to help his company generate R1 billion in revenue per month.


This is another incredible episode.


Tune in!

Episode 118: Making US$2,000 - US$4,000 a month with a guest house in Botswana

Episode 118: Making US$2,000 - US$4,000 a month with a guest house in Botswana

May 10, 2022

In this week’s podcast episode we have Malebogo Zilberman. Malebogo is a 39-year-old Fellow Chartered Accountant registered as a Fellow with the Association of Chartered Certified Accountants (FCCA) and a Fellow Certified Professional Accountant registered with the Botswana Institute of Chartered Accountants.


Her first property deal was a deal she entered into to help her mom develop back rooms. 


She understudied her mum's development journey and saw how she used cash to develop 7 backroom houses and used them as a source of income. She saw how her mom started the first 3 rooms and then kept adding other rooms as and when she had saved from the existing rooms.


So she decided to do the same as an investor. She bought the first plot about 10 years ago from her young brother; she waited until she had enough savings to develop it. She eventually developed this property into a 2 bedroom house that currently rents for US$270/ month.


She and her husband bought a property in town and decided to turn it into a Domestic Guesthouse to earn an income. The house features 5 en-suite bedrooms, capable of giving a monthly income of between $2,000 to $4,000 Monthly, depending on how busy it is.


Lebo is currently working on a new project - developing and building 10 units.


This is another incredible episode.


Tune in!

Episode 117: Using multiple strategies to build your real estate portfolio

Episode 117: Using multiple strategies to build your real estate portfolio

May 3, 2022

In this week's episode of the Property Magicians Podcast, we talk to Xolile Rikhotso Mashaba. Xolile is a mother of 3 and a wife. She studied Electrical Engineering at college and is currently studying HR Management at a college. She is a qualified underground Electrician by profession and a property investor. 


Xoli wasn’t thinking about real estate investing when she started her real estate journey. She and her husband were looking for a place to live and her father in law sold them a 2 bedroom property he was building in the township in Emalahleni (Witbank).

After a while they decided to move to the suburbs and converted the property into a 10 unit multi-let and rented each of the units for R1,500 (US$93) per month. They are now in the process of renovating that property and increasing the rent to R2,500 (US$155) a month.


After buying the house in the suburbs, they bought another house using a rent to buy strategy, they paid off the house in 5 years. They rented out the main house to Xoli’s brothers at market price and the outside apartment to a tenant.


Xoli started following real estate investors online and started learning more about building a real estate portfolio, she then bought 2 pieces of land and another house.


They renovated the house into 7 studio units, each with its own separate entrance and they are in the process of building 20 apartments on one piece of land and 5 two-bedroom units on the other piece of land.


This is another incredible episode.


Tune in!

Episode 116: How to own property in Rwanda

Episode 116: How to own property in Rwanda

April 26, 2022

In this week's episode of the Property Magicians Podcast, we talk to Funke Alao again. We first interviewed Funke in episode 87, where she shared about the real estate market in Nigeria. Funke is a realtor in Nigeria and does business in Ghana, Rwanda and soon Kenya. 


In this episode she is sharing about the real estate market in Rwanda where her company has apartments available for sale. 


She shares that she fell in love with Rwanda because it is so beautiful and so organized, especially when it comes to structure and the vision for the country. The Rwandan government is also keen on the quality of the buildings, they do a lot of inspection and quality control so investing in real estate in the country is a good decision.


Funke explains that owning real estate in Rwanda is attractive because the government of Rwanda is also investing heavily in tourism, which makes up 46% of GDP; this is also increasing the number of people going to the country. 


More tourists also prefer short term stays like AirBnB instead of hotels, which opens up short term rental opportunities.


Funke started off her business in Rwanda focused on residential real estate but she soon realized that because of the ease of doing business in Rwanda, commercial lettings were also in demand. 


Rwanda is ranked second best for ease of doing business in Africa and because of that, the demand for commercial property will increase because more companies are establishing businesses in the country.


In this episode, Funke also shares how to register a company in Rwanda and how to buy property in Rwanda, because her company does have apartments available for sale.

Episode 115: Unconventional Real Estate

Episode 115: Unconventional Real Estate

April 19, 2022

In this week's episode of the Property Magicians Podcast, the hosts, Vangile and Dr. Miranda, of the show do a show talking about unconventional ways to make money in real estate. We cover 7 unconventional ways to make money and most of it doesn’t require lots of money:


1. Grazing Land- leased

If you have land, you can lease that land to farmers who need land for livestock. We talk about the model that Livestock Wealth employs in KwaZulu Natal, where they lease land for their farmers.


2. Subletting land for agricultural use 

We talk about a model we saw being utilized in Sri Lanka where farmland was subleased to grow ginger and turmeric for a food brand and how that contract led to a R250,000 (US$17,000) revenue per annum for half an acre of land.

3.  Cemetery

We discussed a Facebook post we saw from a status update from one of our previous podcast guests where he shared about a friend of his who made money by buying land and getting it rezoned to a cemetery. He sold the land to the municipality for 10 times what he’d bought it for and he also makes money from managing the cemetery.

4.  Rental Arbitrage

Renting a place and then subletting it, just Like you do on Airbnb.

5. Self-Storage

Leasing our storage units to people - you spend a small amount of money on electricity, sewerage and water. Your main expense is security.

We talk about how to make money by storing Take A Lot packages in South Africa.

6. Unconventional office space

Office space isn’t just big buildings in cities owned by large corporations. You can also have various types of co-working spaces or turn part of your house into a conference or event space and make an extra stream of income that way. 

We share how to get started with that.

7. Parking

Not all land has to be used for building properties, some land can be used for parking, which can be very lucrative in crowded cities. 


This is another jam-packed episode. 


Tune in!

Episode 114: Creative ways to fund property developments without bank funding

Episode 114: Creative ways to fund property developments without bank funding

April 13, 2022

In this week's episode of the Property Magicians Podcast, we talk to Matimba Masinga, a Soweto-born entrepreneur, father and husband.

He started off his journey at a young age - working in his father's business. His father was a demolisher (used to break down buildings).

In 1984, his father opened the first Black owned furniture company - he recycled materials he got from demolishing buildings to build furniture.

He was drawn to real estate because of the work his father did - he would see his dad
demolishing beautiful houses because developers wanted to build town houses or office parks, which fascinated him and when his father bought the Saturday Star, newspaper, he would look at the property section and tell himself he wanted one of those.

He promised himself that when he started working he'd go into property and build township rooms.

When he started working he bought his first property for himself to live in; in 2010 he got a
lumpsum somewhere and decided to buy a delapidated flat (apartment) at auction.

He then renovated and partitioned the flat and got tenants.

In 2012 he bought a property using his credit card.

The first year and a half nothing happened with the property - the property was sitting there and he was paying off the credit card debt.

He got two of his friends to partner with him on the property, but the relationship didn't go well and he ended up losing a friend and a business partner.

He then decided to build multiple cottages on the property and asked his aunt and brother, who were in the same business as his father, were able to supply him with second hand building materials for the entire project and he was able to pay them off little by little.

This was the beginning of his property development journey. He then decided to look for like-minded people and joined the South African Property Investors Network where he met other investors.

They pulled their resources and started buying and investing in properties as a collective.

They started flipping properties together, which worked very well; he would then take the profits and put them back into whatever development he was working on.

This is another gem packed episode.

Tune in!

Bonus Episode: Raising over R2.6 million in the stokvel and changing our name

Bonus Episode: Raising over R2.6 million in the stokvel and changing our name

April 5, 2022

In this week’s episode, we share a recording of the webinar we did for the stokvel members updating them on deal number 5 and the name change of the stokvel.


We started off by explaining the Mission and the Vision of the stokvel and that the name of the stokvel has officially changed from Wealthy Ones Stokvel to Property Magicians Stokvel (PMS). In the webinar, we explain why we had to change the name of the stokvel.


We also give an update on Deal 1 which happened in Oct 2021 and shared the challenges that Villa Lisa was experiencing like theft of tools and material, security being injured on-site as well as rain continuing to cause additional delays. But that does stop our investors from receiving their payout in Oct 2022. 


We looked at the total amount of money raised (R2.6 million/ US$177,771) in the stokvel since its inception, we also took investors through deal 5 and explained the due diligence process so members understand what’s required for a property to be worth investing in.


  • Property Investor Credentials Management Accounts
  • Asset to secure the loan
  • Finance application for a new building
  • Timelines of securing finance from an institution (Bank)
  • Dependencies


We also explain the concept of a Hard Money Loan which means a loan that is backed by a “hard” asset, such as real estate and explain the pros and cons of this money lending process.

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