In episode 8, we interview Benedict Nkosi who is on a mission to retire by the age of 35.
He plans to do this through his property portfolio.
Benedict has 4 investment properties but the one property that really fascinated us was his AirBnB property.
He shared how he bought an underpriced property, converted into a multilet and then started renting out each unit as a separate unit on AirBnB rental and through this he makes a rental profit of R18, 000/$1,800.
Benedict shared the challenges of investing in AirBnB and how it differs from long term rentals.
We also learned about various zoning and legal issues to watch for when embarking on AirBnB rentals.
Self catering short term rentals are definitely in demand, now that millenials have caught the travel bug, so AirBnB presents a great opportunity for real estate investors.
Check out Benedict's blog at this link: http://Sixtyfive.co.za/blog
Also check out his AirBnB profile here: https://www.airbnb.com/users/show/108809095
Episode 115: Unconventional Real Estate
Episode 114: Creative ways to fund property developments without bank funding
Bonus Episode: Raising over R2.6 million in the stokvel and changing our name
Episode 113: How to work with a quantity surveyor to increase your profits and decrease expenses
Episode 112: Growing a construction company by 400% in 10 years
Episode 111: Investing in property straight out of college & owning a 9 unit property at the age of 28
Bonus Episode: Raising R268,974/US$17,935 in 7 days to invest in property
Episode 110: Buying 3 positive cash flowing multi-lets during a pandemic
Episode 109: The magic is in your mess
Episode 108: From rural Limpopo to building a multi million rand property portfolio
Episode 107: How to build a property portfolio that replaces your income in less than 5 years
Episode 106: How to make 2 to 3 times your rental income as an AirBnB Hostpreneur
Episode 105: How to own 6 properties in less than 12 months
New Year Episode: Setting property investment intentions and understanding your investor archetype
Episode 104: The Low Money or No Money Down strategy of Property Investing
Episode 103: How to go from a negative cash flowing property to raising R9 million (US$571,000) for a property development
Bonus Episode: Making 15% Return on Investment in 3 - 6 months
Episode 102: How to make money from sourcing real estate deals
Episode 101: How to raise R331,000/ US$21,000 in 5 weeks in a property stokvel/fund
Episode 100: Celebrating 100 episodes and using creativity to build a profitable property business
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