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 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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