In this week's podcast we talk to Mawinnie Kanetsi from Lesotho.
This podcast is completely different to any other podcast we've done, not because our guest is from Lesotho (although that excites us because we're crossing borders), but because this guest invests in guest houses, not in residential property.
This is another take on real estate investing - Mawinnie shows us that we can go beyond residential real estate and start marrying our passion for travel with real estate and land.
Mawinnie's journey started off in 2002, when she bought a special site in Maseru to build rooms to rent. She built two 2-bedroom flats (apartments), and got tenants in to pay the rent.
Shortly thereafter she went to Harare, Zimbabwe to visit a friend and stayed at her guest house, when she was there she asked a lot of questions and learned a little about the business; when she got back to Maseru, she started thinking about opening up her own guest house.
She and her husband then converted the property into a 12 room guest house (Phomolo Guest House Matlala, Maseru). The guest house hosts short term and long term expatriates.
In 2007, she bought a guest house in Bloemfontein and turned that into student accommodation for 7 students.
In 2016, she bought a house on an estate and turned their primary home into a 7 roomed bed and breakfast. She also developed some land they'd bought and built a 6 bedroom guest house.
They have also gifted their daughter with a 3 bedroom property to run as her own AirBnB.
If ever you're in Lesotho definitely check out and stay at Mawinnie's guest houses:
- Village Court Guest House
- The Hillside Cottage Guest House
- Phomolo Guest House Matala
Click play below and let us know your thoughts 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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