In episode 16, we talk to Cohen Van Der Berg, a 24 year old full time property entrepreneur about how he was able to buy 8 investment properties with no money.
We first learned about Cohen from Lihle, whom we interviewed on episode 12.
And naturally, we had to have him on the show to share his journey.
Cohen dropped out of university at the age of 20, started several entrepreneuri ventures in telecommunications, shipping and adult toys.
After losing everything through some bad spending habits, he found himself back home, living with his parents.
He realized that this was not going to work for him so he started reading and researching property.
His first deal was a mix use multifamily in the projects that he bought for R650, 000 (US$43,642) and that now makes him a net income of R8, 000 (US$537) per month.
He has since graduated to bigger and more intricate deals, one of which is a student accommodation property that cashflows at R450, 000 (US$30,203) per month.
One of the things that fascinated us about Cohen was how he prefers funding this property deals without any bank finance.
If you want to know how he's been able to do all this in 18 months, you have to listen to the podcast.
Don't forget to share your thoughts with us in the comments section.
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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