In today's episode we talk to Zamantungwa Khumalo, a full time property investor who started building her property portfolio at the age of 27, from a hospital bed (yep!).
Zamantungwa started tracking various neighborhood trends in Johannesburg at a young age and was always interested in owning real estate, but took a while to get into the game, because she was scared of taking on that much debt.
She set aside her real estate goals, until one day, when she found herself in hospital and decided to use that time to run the numbers, find out how much she qualified for and look at how she could afford to buy 2 houses at a time for her 27th birthday.
Even though she qualified for less than a million rand, she was able to purchase 2 properties in Johannesburg, South Africa.
After that she decided to keep gifting herself with properties for her birthday.
She has grown her portfolio by focusing on maximizing the money she qualified for and buying two properties at a time, eventually she was able to grow her portfolio to focus on property full time.
Click play and listen to Zamantungwa's story and 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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