Who knew tax could be soo exciting and lead to a complete mindset shift?
Get a pen and paper and prepare to be blown away by today's podcast.
In today's podcast we talk to Obakeng Gaitate, a chartered accountant who focuses on property tax.
Obakeng has written 12 books and as he says: he has paid for his school fees in the property market by making and losing millions in property.
He made his first million in property at the age of 21 and now helps his clients plan their property estate for the next 400 years, so they leave behind a legacy for their children.
In this episode, Obakeng explains generational wealth and how you can start to build it, and why you need an accountant who understands property on your team.
He also answers some key questions like:
- What are some key tax laws and taxes that newbie property investors should know?
- What legal tax hacks that make property a lucrative investment?
- How can we avoid paying tax on rental property?
- What are the tax benefits of home ownership?
- When do you pay capital gains tax, how is it calculated and how can you avoid paying it?
Click play and let us know your thoughts on today's episode in the comments section.
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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