In this episode we talk to Dumisani Hlabano, father of 2 and a Chartered Management Accountant at FMCG.
Dumisani started his real estate journey in 2014 after 3 years of researching and studying the market and what he calls "analysis paralysis."
One day he realized that the only way to be in real estate was to take the plunge and start doing deals in real estate.
When he did eventually start, he went big and bought 5 properties in 3 months in Lonehill, Four ways, in what Mizo calls an "A-list" suburb in Johannesburg.
His properties have a 12% yield and an internal rate of return of 30%.
It's very rare for properties in A list neighborhoods to have such high returns, which makes this interview with Dumi so interesting because he walks us through the 1% rule, how he makes his buying decisions and how he is able to leverage his relationships and knowledge of the neighborhood to get the best deals.
He's now moving into the commercial real estate space.
Click play below to learn how Dumi was able to build a portfolio of 22 units in 5 years.
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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