In this week's podcast we talk to Lebogang Lebepe, a 27 year old real estate investor and developer. He holds 4 finance qualifications and is a business accountant by profession.
Lebogang has an inspirational story - he was born in a skwatta camp (informal settlement), or as he says - a tin house - and was the first in his family to graduate from high school and go to university and get a degree.
He started off his career as a business accountant where he met real estate and development clients as well as professionals.
He soon noticed that most professionals, who had the funds, didn't have the time to invest in real estate so he started a property fund to help them get started as property investors.
He bought land in an affluent area and built 18 2-bedroom units. It took him 6 months to fill the units with tenants. After reviewing the company's real estate strategy, they realized the development didn't fit the strategy and they sold the units for R12 million (US$696,000) and made a 300% profit.
His company changed strategies and started focusing on developments in the township, renting to young professionals who are looking for affordable, secure and comfortable housing.
In the last 2 years, they've done several developments and are currently working on 6 developments, one of which is in Roodepoort and comprises of 380 units and will commence construction in November 2020.
This is another incredible and inspiring guest and this episode covers a lot of ground in a short space of time.
Click play to listen to this week's episode and share your thoughts with us 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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