How do you know if a property is a good deal?
How do investors decide on their maximum offer on a property? What factors are they looking at and considering?
We know in the time of Covid, we are told to buy properties because it’s a good time to invest since it’s a buyers market. So we thought it would be great to help first-time investors understand the numbers.
In this episode, we teach you how to analyze a deal and walk you through a case study of a deal that looks great on the outside but when we dig a little deeper, the numbers tell a different story. We explore ways to make the deal more lucrative.
Dr Miranda walks us through a multi-family deal - 7 bachelor units with an asking price of R580,000 (US$37,440) and cash flowing at R7,700 (US$496) a month.
We look at the profitability of the deal, the Return on Investment and some of the risks that are embedded in this deal.
We also explore ways in which we can mitigate risk in our investments during this time.
So get your pen and papers out and click play, because you are in for a treat.
Special thanks to Dr Miranda (our co-host) for walking us through this case study. You can sign up for her property mentorship at this link: https://propdocmom.com/
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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