In this week's podcast episode we talk to Vumile Msweli, a career coach who helps people connect where they are with where they want to go.
Vumile is a property investor who comes from a family of real estate investors - her grandparents were in property so she knew about property from a very young age.
She got into banking to get exposure to different clients and preferential interest rates (which are available to bank employees); she also chose to rent a back room for R1500 instead of renting an apartment.
She shares how she used her first paycheck to buy her first property in Germiston and made a rental income of R5500 from that, which covered her rental expense.
Shortly thereafter, she bought properties in Maboneng and Pretoria and also moved to a new company that enabled her to make 2 purchases at staff rates.
In this podcast Vumile shares how travelling and living in different countries changed her view of property investing and why she now buys properties cash and how that can actually lead to accelerated portfolio growth in the long run.
She also imparts some incredible advice on delayed gratification, life and careers for property investors.
This is another incredible episode.
Click play below to learn more.
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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