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 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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