In episode 32, we talk to Zakhele Myeza about his journey in real estate.
Zakhele was introduced to real estate at a young age by his mom who was a real estate agent.
He fell in love with the way sellers described their properties and started understanding what people were looking for in property.
His real estate journey is interesting because he started his property journey with a 4 bedroom rental property where he was paying rent of R6500 (US$340) a month.
He built a great relationship with his landlord who then gave him permission to sublet the property.
He started adding value to the property by making it beautiful and ended up renting out the 3 extra bedrooms for R5,500 per room per month.
He saved on rent and was making a profit of R10, 500 (US$556) per month by subletting the property.
He then rented another 3 bedroom property for R7, 000 per month in the same building, renovated it and rented out each bedroom in the apartment for R5, 500 per month.
He now had an extra R 9,500 (US$503) per month.
He has since branched into house ownership and owns an 8 sleeper multicultural student accommodation and is involved in a 16 sleeper house hack.
In the podcast he shares how he's pivoted the student accommodation during this pandemic to continue generating positive cashflow.
Zakhele also teaches and coaches people to house hack and invest in property.
You really don't want to miss today's podcast episode.
Click play below and let us know your thoughts in the comments section below.
Episode 132: What happens when someone owes you money and won’t pay
Episode 131: Creating financial freedom with real estate in Botswana
Episode 130: Growing a coffee brand throughout South Africa
Episode 129: Building student accommodation in the township
Episode 128: A fintech company that helps you go from first time homebuyer to property investor
Bonus Episode: The most common property investing questions with PropDocMom
Episode 127: Building a real estate portfolio through intuition and ancestral wisdom
Episode 126: Understanding your why when investing in property
Episode 125: Talking to the author of “Stokvels - How they can make your money work for you”
Episode 124: From sourcing deals for investors to investing in multi-lets
Bonus Episode: How to determine if a property is profitable or a good investment
Episode 123: How to earn passive income with short-term rentals as a full-time employee
Episode 122: How to make R27,000 (US$1,695) per month on your first property flip
Bonus Episode: Make 17% ROI per annum in your next property deal
Episode 120 (repost): From Being a Creative to making R100k (US$6500) in his first real estate deal
Episode 121: Buying your first property at 21
Episode 119: How to make a fortune developing low-income housing in South Africa
Episode 118: Making US$2,000 - US$4,000 a month with a guest house in Botswana
Episode 117: Using multiple strategies to build your real estate portfolio
Episode 116: How to own property in Rwanda
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