In this week’s podcast episode we talk to Musi Skosana, a property investor and asset manager.
Musi was awarded Equity Dealer of The Year for 2014 and was consequently named a Game Changer in the financial services industry in South Africa.
He is the founder of MSM Property Fund, an asset and private equity manager specialised in property. He was rated number 1 manager for the past year in terms of returns by Citywire.
In this episode Musi shares how he started off as a property investor by buying Growthpoint shares, watching the property channel and learning about how to renovate houses and sell them.
He bought his first property in his 20s with a friend. It was a one bed, one bath apartment, which they renovated and decided to keep and rent out because it was cash-flow positive.
The second property they bought was a 2 bedroom property that cost them R600,000 (US$43,597), which they renovated and sold at R1.3 million (US$94,461) a few months later.
Their third property was a 10 unit multi-let, which they also sold at a profit.
In this podcast Musi talks to us about collaborating with real estate partners, how to get started with flipping a property, how to find your building team and what to focus on when renovating your property.
This is another great podcast episode.
Click play and leave us a comment in the comments section below.
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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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