In episode 39, we talk to Nigel Adriaanse, the first Chairman of Shanduka Black Umbrellas and now CEO of EDPF (Enterprise Development Property Fund).
EDPF is on a mission to change the South African landscape by helping more people of color get into property investing by teaching them about the property market and to raise their own capital through equity partners and bank funding.
In this interview Nigel shares his real estate journey with us and how he sort of "fell into real estate" 20 years ago and then quit his job in 2016 to start EDPF because he saw that most people of color in South Africa don't understand the language of finance and this was holding them back financially.
He started EDPF without any funding and has been able to connect with a whole host of organizations that are able to give support in kind.
EDPF's academy gets 1000 applications every year and can only accept 50 candidates.
There's a need and a demand for real estate knowledge in South Africa and one of the things we discuss in the podcast is how established investors can help newbie investors by sponsoring them to attend EDPF's academy.
Click play to learn more about Nigel's property journey and the incredible work that EDPF is doing in property.
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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