In this week's podcast episode we talk to Lesetja Toona, a property investor and founder of Lenayatla Property Solutions, about buying properties at auction.
You’re in for such a treat in this episode because Lesetja takes us on a real-life online property auction and allows us to see how he bids for properties and at the end of the auction walks us through the deal he was bidding and explains to us what his cap at the auction was and walks us through the numbers so we get a better understanding what makes a deal a good deal at auction.
He also talks to us about things we should know when going to buy a property at auction and why it’s important to be self-aware and understand yourself and to read the room.
He also shares some of the investment mistakes he made because he didn’t have enough education in property and how that has him focusing on a multilet strategy.
This is another incredible episode.
Click play and leave us a comment in the comments section below.
A book that inspired Lesetja: “David and Goliath by Malcolm Gladwell
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
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast