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 23: Mistakes & lessons learned from buying 5 properties in 4 years
Episode 22: Setting up real estate investment structures
Episode 21: The science of property management
EPISODE 20: Part 2 All about land: Creating 7 income streams from 1 piece of land
Episode 20 Part 1: The connection between land ownership and generational wealth
Episode 19: Lessons from being involved in 600 property transactions
Episode 18: Real estate investment trends in Zambia
Episode 17: Building an investment property portfolio with 600 residential units
New Year Special: property goal setting exercise
Christmas Special: How to go from zero units to multilets in record time
Episode 16: How to negotiate and own 8 properties with no money in 18 months at the age of 24
Episode 15: How to make R35, 000 per month from 1 property in the township
Episode 14: Investing in 16 high cashflow units Ekasi
Episode 13: Building a financial legacy for your children using real estate
Episode 12: From high-school drop out to properties that cashflow at R270, 000/US$18,000 per month by 23
Episode 11: How to go from 1 property to 74 property deals
Episode 10: How to own a profitable commercial building regardless of your income, networth or credit record
Episode 9: Building a property portfolio that makes R105, 000/ $7000 income a month
Episode 8: How to make an extra R18, 000/$1,800 profit per month with 1 property
Episode 7: How to start a properly portfolio for less than R3000/$300 per month
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