In episode 27, we go down a different path and talk to Arthur Peters a Business Economics lecturer at Nelson Mandela University, who buys property for equity appreciation instead of cashflow.
Arthur didn't start out as an academic - he dropped out of school because he wanted to know more about making wealth, and purchased his property in 1990 at the age of 22 in Mitchell's Plain, Western Cape, South Africa.
He still owns his first property, which he purchased for ZARR60, 000 (US$3,730) and now rents it out for R4000 (US$249) a month, which means that this property has paid itself back several times.
After buying the first property, Arthur decided to go traveling and also go back to school.
He moved back to South Africa in 2003; purchased his second property for R320, 000 (US$19,900) and now rents that out for R1,500 (US$94) per month to his mother.
He bought his third property in 2006 for ZAR1 million (US$62,170) in Gordon's Bay, Western Cape, which he started off renting out as a guest house, but now rents out to long term tenants.
Arthur is now focused on buying his fourth property.
Click play to listen to his story and let us know your thoughts on today's episode.
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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