In this week’s episode, we talk to Taurai Jack, founder of M5 Property Addicts, a company that helps people invest in property for a targeted return of 15% per annum.
Their aim is to give people, who don’t have enough time or money, an opportunity to invest in the real estate market and make a passive income every month.
Taurai started his real estate journey when he was R7 million (US$421,000) in debt; he was invited to a Rich Dad seminar where he met Leroy Slava (episode 54), who was talking about investing in real estate and creating passive income and he realized there was another way to start investing in real estate.
He then took his wife to the next seminar and she signed both of them up for coaching.
In his first month of coaching, his coach told him he’d have to look at 100 deals and analyse them in order to find a good deal.
He looked at 63 deals and ended up buying a property for R160,000 (US$9,623).
After that he started getting other people involved in his deals. He would get 4 to 5 deals a month (eventually he ended up with 10 deals a month) and would pass those deals onto other investors and get paid from that. He would then use that money to pay off his debts.
It was at this time that he reconnected with one of his former co-workers, Retha Van Rooyen, who told him she didn’t have deals but she had access to money from people who were interested in investing in real estate.
They realized they complimented each other very well - Taurai could get the deals and Retha could get the funds from investors; they could create a property portfolio using other people’s money, and with that realization M5 Property Addicts (m5propertyaddicts.com) was born.
Since its formation in 2017, M5 Property Addicts has done projects in 4 cities - Durban, Cape Town, Pretoria and Johannesburg and now has 70 properties in its property portfolio.
This is another eye-opening episode.
Click play to listen to this week's episode and leave us a note in the comments section below.
Episode 41: The Benefits of Working with a Niche Property Professional
Episode 40: Investing in guest houses in Lesotho
Bonus Episode: Property Kids Podcast
Episode 39: Changing the real estate landscape to reflect the demographics of South Africa
Episode 38: How to build a portfolio of 22 properties in an A-list area in 5 years
Episode 37: How to build up to 70 units with a minimum rent of R2,500 rent per month
Episode 36: 9 Positive cashflowing properties in 5 years
Episode 35 BONUS: The ABCs of getting funding for your next property
Episode 35: The ABCs of getting funding for your next property
Epsiode 34: En-route to owning a street of properties
Episode 33: How to invest in property without any legwork
Episode 32: How to make money in real estate without owning or selling property
Episode 31: Emboldened at 27 to start a property portfolio
Episode 30: A sit down with the host of the Property Magicians Podcast to discuss personal finance and property
Episode 29: Tax planning: How to build a property empire that lasts for 400 years
Episode 28: How to build a portfolio of 105 properties in 13 years
Episode 27: Buying property for equity appreciation
Episode 26: How to go from 0 to 8 properties in 6 years
Episode 25: From domestic worker to owning a building that cashflows at R409, 000 per month
Episode 24: The ABCs of commercial real estate
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