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 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 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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