Property Magicians Podcast

Episode 79: Growing a property investment to own two residential blocks of flats

In this week’s podcast, we talk to Julie Mxhakaza, a full-time property investor who describes herself as someone who has been bit by the property bug.

 

Juliet is on a mission to become a serious player in the property space and is the founder of Zinathi Property, a company that currently owns two residential blocks of flats.

 

Juliet bought her first property as soon as she started working and could qualify for a bond/ mortgage. She decided it made more sense for her to pay for a mortgage, than it was to pay rent.

 

Shortly after buying her first property she had to move for work, rented out the first property and found herself renting again, so she decided to buy a second property.

 

She started exploring various entrepreneurial ventures and soon realized that property was her true passion, so she started looking into how she could own buildings and soon learned about TUHF and how they fund based on character and not credit scores.

The first building she found was in Booysens, Johannesburg and 12 units (2 bedroom apartments) that was funded by TUHF (80%) and sold some land she had in Pretoria to raise the 20% down payment for the deal.

 

The second building is 10 units in Krugersdorp and she rents those apartments out per room vs renting out the entire apartments.

 

This is another interesting episode, click play below, leave us a comment and a rating on iTunes.

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

 

Episode 78: How to grow your property portfolio using multiple investment strategies

In this week’s podcast, we talk to Nokulunga Pere, a full-time property investor who has used multiple investment strategies to build her property portfolio.

 

Nokulunga holds a baccalaureate degree in IT and worked in corporate for 10 years before her entrepreneurial side kicked in and she realized that she was more suited to property investing than formal employment.

 

Nokulunga bought her first property at 23 because she was tired of renting and moving whenever her lease was up. She needed a stable place to live and ended up buying a sectional title, thinking that she was buying a free-standing home.

 

In this podcast, she shares how shocked she was to find out that rates and levies were not the same thing and how the agent misled her about renovations and how she used credit cards to renovate the property.

 

She bought her second property in Mfuleni, Western Cape because she wanted cash flow. She bought the property for R150,000 (US$10,673) and used cash and personal loans to build 6 bachelor units which she now rents out at R2,500 (US$179) each per month.

 

She then moved onto a flipping strategy, where she bought a property and sold it for a 120% return. 

 

Nokulunga is now focused on high-end beachfront property development and an AirBnB strategy.

 

This is another eye-opening episode, click play below, leave us a comment and a rating on iTunes.

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

Bonus Episode: Why families have the same money patterns

In this week’s episode, we bring you another bonus episode, this time from our host Vangile Makwakwa. 

 

This episode was recorded for Podbean Finance Week and looks at why families have similar money patterns.

 

Within us, we carry our ancestor's experiences with money - we carry their trauma and their wisdom.

 

This is why it can sometimes be hard for a family to break out of poverty especially if you carry deep financial trauma from way back because everyone in the bloodline is tapping into certain ancestral memories. 

 

Some of the issues we carry around money are not even our own but it falls on us to do the work.

 

The ability to manage our personal finances is important because it affects our credit scores and income, which impacts the amount of funding we qualify for when applying for funding, which in turn impacts the growth of our real estate portfolios.

 

In this week’s podcast episode we look at the things we don’t even know are impacting our personal finances and hindering our growth.

 

Grab a pen and paper, click play, take notes, leave us a comment and a review on iTunes.

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

 

Want to dig deeper into your money blocks?

 

Check out the Bank Account Challenge course: wealthy-money.com/bankaccount

 

You can book a money clarity consultation with Vangile here: https://www.wealthy-money.com/consultation

 

Episode 77: Building a boutique hotel chain on the African continent

In this week’s episode, we talk to Gabriel Leavell, an accomplished multi-industry entrepreneur with a focus in hospitality.

 

Gabriel is originally from Everett, Washington and moved from Seattle to New York City to work in multiple industries and start businesses there.

 

About 6 years ago, Gabriel and his business partner saw a gap in the market for high-quality Airbnb’s throughout the USA and quickly gained steam in acquiring, designing and managing vacation rentals. 

 

Having learned a great deal about the industry through this venture,  moved to South Africa, bought an old house in Observatory, Johannesburg and renovated it into a hotel, Daze House. 

 

In this podcast he shares with us the journey of renovating, buying property in South Africa and opening a hotel during the pandemic and how they had to pivot to stay in business. 

 

He also shares what makes Daze House so unique and why it has attracted some high profile guests and celebrities, including Jidenna. 

 

Gabriel has since embarked on a journey to develop a new and exciting boutique hotel chain on the continent of Africa and is currently working on a new project in Morocco.

 

This is another inspirational episode, click play below, leave us a comment and a rating on iTunes.

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

Bonus Episode: Real Estate investing trends on the African continent

In this week’s episode, we look at real estate trends on the African continent. 

 

We look at several different countries on the continent - similarities and differences and also look at the strategies that each of our guests have employed in various countries. 

 

This is an interesting episode, especially if you've always wanted to invest in multiple countries. 

 

Get your pen and papers out, click play, listen, make notes, check out the podcast episodes we mention and leave us a comment. 

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

Episode 76: Looking at the Spatial Planning and Land Use Management Act

In this week’s episode, we brought back Nigel Adriaanse (Episode 39), who introduced us to Gareth Shepperson, a conveyance attorney at Delport Van Den Berg, a law firm in Pretoria South Africa.

 

We invited Gareth to talk to us about the Spatial Planning and Land Use Management Act because when we started on our journey of real estate investing, we were prevented from buying a property we liked because of this act.

 

The investor we were trying to buy the property from is actually a seasoned investor with apartment buildings, hotels and guest houses in Mpumalanga, but he also seemed unaware of this act.

He was actually selling the property to raise funds for a hotel he was building. In the end, the deal fell through and we couldn’t get the property because the municipality wouldn't approve the sale.

So in this episode, Gareth answers the following questions:

 

• Why SPLUMA is relevant and important to investors and how does it apply to rural and urban land?
• Who should be aware of SPLUMA? 
• At which stage of development is SPLUMA most impactful- drawing of plans/ the actual constructions phase/ at application of occupational certificate?
• Who enforces the SPLUMA and how would enforcement of SPLUMA look like, with regards to a property one has developed?
• What other Local Municipal regulations work in conjunction with this regulation? 

 

This is a very important episode for investors who are looking to get into multi-lets or developments in South Africa.

 

So get your pen and papers out, click play, listen, make notes and leave us a comment in the comments section.

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

Episode 75: How to buy 13 properties in one year without putting any money down

In this week’s podcast episode, we talk to Ekow Quagraine, the founder and CEO of Begrand Holdings, a company that specializes in property investment, management, sales, rental and student accommodation.

 

Ekow is a former banker and is now a full-time real estate investor.

 

In this episode, he tells us how he got started in real estate and investing from a young age. Ekow bought his first property a few years after graduating university, in 2008, when the market was crashing, he bought a 3 bedroom duplex for R400,000 (US$27,400) and started house hacking.

 

He lived in the property and rented out the other 2 bedrooms to his friends for R3000 (US$205) per month per room, they also shared utilities, food and petrol (gas) because they all worked at the same company.

 

He then used that money he got from the property to show affordability and was able to use a variety of strategies to buy 13 properties in 1 year without putting any of his own money in and was able to start building his real estate empire.

 

This is another great episode, get your pen and paper, click play and listen.

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

Episode 74: How to invest in property in different countries as you travel the world

In this week’s podcast episode, we talk to Lerato Bambo, founder of Lerato B Group, a website and marketing boutique, who has lived in the US, Turkey, Ireland and Bali for over a year each.

 

Lerato’s journey into property started when she moved to New York, for a job and had to deal with the high rental expenses in the Big Apple, and since at the time she believed she was going to stay in the USA long term, she decided to buy an apartment instead.

 

A few years later, she moved to Ireland and rented out that apartment to a tenant, who still lives there now.

After Ireland, she moved to Bali, Indonesia, fell in love with the country, bought land and started building a resort for tourists in Ubud.

 

Before the pandemic started, she came back to South Africa to visit and found herself stuck in the country during lockdown, so she decided to buy a property in Pretoria to use as her base, she has since decided to rent out the property when she heads back to Bali.

 

Lerato shares her journey on buying property in these three countries - the buying process, the legal system and how she funded the purchase of the properties.

 

If you’re into travel and international property ownership, you’re in for a treat. 

 

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

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

Episode 73: Diversifying risk by investing in property in the Stock Exchange, South Africa & China

In this week’s podcast episode, we talk to Jovi Chen an entrepreneur, real estate investor and venture capitalist.

He is currently a CEO at Zen Consortium, a leading Impact investment &  advisory firm, with offices in South Africa, UK, Turkey, in 2019, Zen was nominated as the “Most Innovative Business & Social Development Solutions- South Africa” by Global Brands Award.

 

Jovi was originally born in Taiwan, but he moved to South Africa in 1992, when his parents invited him over to check it out.

His parents always stressed the importance of investing in property when he was growing up so after a few years of blowing his money on partying he started his journey in real estate and bought his first property cash.

 

In this podcast episode Jovi shares how to invest in non-physical real estate assets through Exchange Traded Funds (ETFs) and why these are a great option for people who don’t have enough money to get into real estate or for people who just don’t want the hassles of physical property.

 

Jovi also shares how he gets 40% of his tenants to pay him 12 months rent upfront and how he gets to invest in China and other countries outside of South Africa.

 

Jovi shared some great investing resources with us in this podcast, check them out:

 

• Investing.com
• Street Journal
• MyBroadband.co.za
• Property Alliance
• Biz News Radio

 

This is another eye episode, we covered a lot of ground, so you may want to grab a journal.

 

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

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.

Episode 72: Why you need a Structural Civil Engineer in your real estate tribe

In this week’s podcast episode, we talk to Farai Gudza, a Civil Engineer with 16 years experience in design and construction of civil and structural engineering infrastructure.

He has worked on projects in the public and private sector which include township engineering services, hospitals, schools, office blocks, houses etc.

 

In this podcast Farai answers some of the following questions for us:

 

🔴 What is the role of a civil structural engineer? 

🔴 At what stage of development of a building does one call in the services of a civil engineer? 

🔴 How do you recommend an investor/ developer work with a civil engineer-how are civil engineering fees costs calculated? 

🔴 What are 3 major considerations that a Civil engineer looks at onsite before development begins? 

🔴 What are some building trends that we should be aware of? 

 

This is another eye-opening episode. 

 

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

 

We are also on iTunes and Spotify, so feel free to subscribe and listen to the podcast on there and please leave us a rating and review on iTunes.