In episode 57, we talk to Toni Ninkovic, a property mentor, who’s originally from Serbia and now lives in South Africa.
Toni grew up in a 19 square meter home in a family of 5. His mom would always tell him not to work for someone and would encourage him to work for himself.
So he started dabbling in entrepreneurship in his teens, by the time he was 12, he was buying his own clothes with his own money and by the time he was 22, he was earning 3 times his mother’s salary.
He realized he wanted more, so he decided to leave Serbia for the US, where he ended up working on a cruise ship, which is where he met his South African wife.
He came to South Africa to meet his wife’s parents and he fell in love with the country and that was it - they stayed.
A few years ago, he went to a 3 day Rich Dad, Poor Dad workshop, which launched him on his current property journey.
He started flipping properties (buying properties low and selling them at a higher price) and made R120,000 (US$7,300) on his first property.
He soon realized that property flipping took a lot of time and energy so moved into property sourcing, where you make money by finding good property deals for other people to invest in.
In this episode Toni also shares with us how he was able to negotiate the cost of a R1 billion (US$61 million) property deal down to R850 million (US$52 million) and how he made 2.5% commission from that deal.
At the end of 2019, he started his own property mentoring company (propertymentor.co.za) and now teaches others how to access the property market.
Click play to listen to this week's episode and leave us a note in the comments section below.
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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