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 99: What happens when one discovers that property investing is not for you
Episode 98: Building a property portfolio using predominantly cash
Episode 97: Growing a property portfolio using different investment strategies
Episode 96: How to build an international property portfolio as an African
Episode 95: How Commercial Property Management is being changed by Covid
Episode 94: Life- changing lessons for building a successful property investment portfolio
Episode 93: How to ensure that the wealth you build through real estate is passed down from generation to generation
Episode 92: How to build 21 units in 2 years using other people‘s money
Episode 90: Formalizing & digitizing the back room market in South Africa
Episode 89: How to grow a property from scratch during the pandemic
Episode 88: How home staging can help you sell/rent your property faster
Episode 87: Identifying real estate investment opportunities in Nigeria
Episode 86: How to improve your credit score & grow your portfolio with bank money
Episode 85: How to accelerate the growth of your portfolio by buying properties cash
Episode 84: How to invest for appreciation and cashflow
Episode 83: Building a profitable portfolio of 12 short term rentals at the age of 23
Bonus Episode: How to own property in South Africa without Bank Funding
Episode 82: How to make money from flipping houses as a newbie property investor
Episode 81: Understanding additional costs in buying property & what makes a property a good buy
Episode 80: How the podcast has turned ordinary folk into Property Magicians - a chat with our listeners
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