137.8K
Downloads
145
Episodes
Real Estate Podcast for women and men of color on the African continent. Hosted by 2 South African women.
Episodes
Tuesday Mar 16, 2021
Tuesday Mar 16, 2021
In this week's podcast episode we talk to Sabelo Simelane, a full-time property developer and real estate agent.
Sabelo started off in Industrial Engineering, realized he didn’t like it and moved onto banking where he started learning about property development.
One day he had an aha moment where he realized he had 3 cars, but no wealth, in fact, his cars were depreciating in value; this then started him on his property journey.
He bought a 3 bedroom property in the East Rand in Gauteng for R330,000 (US$22k) in 2009 in a new development, 5 years later he sold the property for a profit of R140,000 (US$9,300).
He then decided to buy some land and built 7 flats (apartments) on there, he lived in one of the flats and rented out the other 6 for R4050 (US$270) each.
After that project, he bought more land and decided to move into short term rentals in order to diversify his business and cash cycles.
We hope you enjoy this episode as much as we did.
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.
Tuesday Mar 02, 2021
Tuesday Mar 02, 2021
In this week's podcast episode we talk to Willy Kalala, a real estate investor who runs Mount Zion Tours & Travel, a tourism company, and uses a rent to rent strategy to make money from real estate.
In this podcast, Willy shares that he got into real estate when he lived in the DRC (that’s where he was born but he later immigrated to South Africa); growing up his father would always emphasize the need for his children to own their own properties.
When his father passed away, a pastor approached them and asked to use their land to build a church and use it for a set number of years, in return the church paid them monthly rent and gave them the building at the end of the contract.
At the end of that contract, Willy and his siblings turned the church building into storage facilities and built more rooms for rent on the property. All the siblings used the rental income to empower themselves and pursue their dreams.
When he moved to South Africa, Willy got a job and because he already understood the power of real estate, he soon acquired investment property.
And when he was fired from his job, he started a tourism company focused on providing tours to French-speaking people and as part of his business model, he decided to offer accommodation to clients so he moved onto a rent to rent strategy.
This is a no money down strategy, where he rents apartments from landlords, renovates or decorates them and then puts them up on Airbnb.
We were pleasantly surprised to learn that Airbnb in South Africa has been thriving during the pandemic and Willy shares how he generates a consistent profit from using this strategy. He also shares how he makes money during the off-seasons on Airbnb.
We hope you enjoy this episode as much as we did.
Books that inspired Willy:
“It’s more than just money” by Witness Mdaka
‘Rich Dad, Poor Dad” by Robert Kiyosaki
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.
Tuesday Feb 23, 2021
Tuesday Feb 23, 2021
In this week's podcast episode we talk to Lesetja Toona, a property investor and founder of Lenayatla Property Solutions, about buying properties at auction.
You’re in for such a treat in this episode because Lesetja takes us on a real-life online property auction and allows us to see how he bids for properties and at the end of the auction walks us through the deal he was bidding and explains to us what his cap at the auction was and walks us through the numbers so we get a better understanding what makes a deal a good deal at auction.
He also talks to us about things we should know when going to buy a property at auction and why it’s important to be self-aware and understand yourself and to read the room.
He also shares some of the investment mistakes he made because he didn’t have enough education in property and how that has him focusing on a multilet strategy.
This is another incredible episode.
Click play and leave us a comment in the comments section below.
A book that inspired Lesetja: “David and Goliath by Malcolm Gladwell
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.
Wednesday Feb 17, 2021
Wednesday Feb 17, 2021
In this week's podcast episode we talk to Kgalalelo Mosime, an interior architect (with 15 years experience) who specializes in commercial interiors in sustainability and human wellness.
Lelo is also the founder of Hive Studios and spent time on the podcast teaching us about the difference between architecture, interior architecture and interior design.
In this episode she explains why interior architects are hired at the beginning of a building project or at the start of renovations - they work on the interior of a building and focus on the things we don't see that complement the aesthetic.
They focus on electrical layout, the walls, building regulations and also work with councils and engineers.
Lelo also focuses on human wellness in her field, which is focused on designing spaces that positively impact our psychological wellbeing and in this episode she spends time explaining how Covid has brought this topic to the forefront and how the pandemic has started impacting building trends in terms of natural light, color, texture, fabrics etc.
We also touch on sustainable building and what that means and looks like in the building space and how it has started to impact council regulations.
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.
Tuesday Feb 09, 2021
Tuesday Feb 09, 2021
In this week's podcast we talk to Wandile Moganedi, the founder of Smart Living Properties, a company that repurposes shipping containers for various buildings:
🩸Accommodation Units
🩸Offices/ Business Hubs
🩸School Sanitation/ Ablution facilities
🩸Libraries
🩸Shopping/ Retail Store
In this podcast we talk about why shipping containers are becoming such a popular building option globally:
🌟 They solve an environmental issue because you are reusing shipping containers
🌟 They are cheaper to build with (for example a studio can cost R100,000/ US$6,700 to build with plumbing and everything)
🌟 It's also faster to build with shipping containers - it's possible to have a house in one month, so you don't have to wait to earn an income
🌟 You can move with your house, no matter how big, you can move the house to the next location (even countries)
🌟 Shipping container homes are considered movable structures and so don't have the same zoning hassles as other properties
Sounds amazing right?
More and more companies are opting to build with containers. Even some high-end hotels and stores globally have started to introduce shipping container properties into their portfolio.
In this episode, Wandile also shares how he has started to use shipping containers to start tackling some of South Africa's housing issues, whilst helping others realize their property investment dreams.
He also shares some amazing entrepreneurial insights. So you are in for a treat.
Click play below 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.
Tuesday Feb 02, 2021
Tuesday Feb 02, 2021
Happy and Healthy New Year Property Magicians!
We decided to start our podcast recordings for 2021 by exploring mental and emotional health in property investing.
We are going through a collective trauma with this pandemic. We're losing family and friends and most of us are grieving and feeling anxious and overwhelmed, we can't pretend that this is business as usual.
This is not business as usual and it's normal to feel scared, uncertain, lost, demotivated and uninspired, so how do we cope, survive and keep going?
We focus on physical health and center our mental and emotional well-being even in our businesses.
In this episode, we share how we've been coping and the changes we needed to make in our businesses in order to keep growing our businesses. We share the tools we've been using to ground ourselves so we can continue to run our businesses.
We hope these tools and suggestions help you on your property investing journey.
Click play below 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.
Tuesday Dec 29, 2020
Tuesday Dec 29, 2020
Merry Christmas Property Magicians.
In this week’s episode, we do our now annual Christmas episode. In this year’s Christmas episode we invited Papa Boachie-Yiadom (from episode 36) on the show to help us share his favourite episodes of the podcast and also share how the lessons from these episodes helped him build his investment portfolio.
As the hosts, we share our takeaways from various episodes and how they have influenced our property journey.
This is our Christmas gift to you.
Click play below 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.
Tuesday Dec 22, 2020
Tuesday Dec 22, 2020
In this week’s episode of the #PropertyMagicians podcast, we talk to Christiaan Jansen, a consultant at 360 Finance.
Christiaan helps investors get funding for residential and commercial properties. We brought him on the show to talk to us about commercial property financing (student accommodation, owner-occupied and rental properties) and the requirements for funding in this space.
We sat down and discussed:
🔴 How commercial property financing differs from residential financing
🔴 How to work with a consultant to access funding from various banks and funding houses
🔴 What banks look for when it comes to funding commercial property
🔴 How long it takes to get commercial funding from banks
🔴 Monthly activities that newbie investors can engage in to increase their chances of getting funded by the banks
🔴 Opportunities that are opening in up in the commercial property space, since the start of Covid
You are in for a treat, get a pen and paper and take notes.
Click play below 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.
Tuesday Dec 01, 2020
Tuesday Dec 01, 2020
In this week’s episode, we talk to Jade Barkhuysen, a full-time property investor and coach, based in Port Elizabeth, South Africa.
Jade’s goal was to be a sportsman, but he ended up starting a motor business in his third year of university and ended up in property investing.
He bought his first property because an agent told him it was a great deal and because he didn’t know about property investing or deal analysis, he ended up losing R3000 a month on that property.
He then went out and got a property coach and started reading up on property and learning about property investing and focused his attention on cash flow positive deals.
He started making money by sourcing deals (assisted sales) and then moved onto a flipping, multi-lets and the student accommodation strategy.
In this podcast he breaks down his multi-let strategy and explains how he makes money by finding properties that are below R1 million (US$65,772), renovating them and then converting them into multi lets.
He also shares how he finds these deals and the areas he focuses on in order to get the deals and why he focuses on those areas.
This is one of those podcasts where a lot of wisdom was shared in a short space of time.
Click play below 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.
Tuesday Nov 24, 2020
Tuesday Nov 24, 2020
In this week’s episode we talk to Cacisa Mgudlwa, a town planner and property investor, who takes us through her journey of paying off R365,000 (US$23,644) in debt so could start her property investing journey.
As property investors, we often hear horror stories about zoning, in fact, when we started the property podcast, we (Dr Miranda and Vangile) were both interested in a multi-let in Mpumalanga, South Africa, but we soon found out that the multi-let had some zoning issues and parts of the building would have to be torn down in order for the sale to happen, which basically defeated the sale.
Needless to say, the sale didn’t happen.
So in this week’s episode, we decided to bring a town planner in South Africa to answer some questions:
🔴 Why is it important for real estate investors to understand zoning in their municipality?
🔴 What is town planning and how do town planners work with real estate investors?
🔴 How long does it to take to rezone a property and what is the process to do this (change a property from a residential property to a multi-let or from a commercial property to residential units)?
🔴 Why is it important to see the title deed before you purchase a property?
Click play to listen to this week's episode and leave us a note in the comments section below.