In this week’s podcast we talk to Nthabiseng Sejake, a property investor and municipal employee from Soweto who works in utility and property management. Her mom is an entrepreneur who owned a shebeen (tavern), which is now a bottle store; her mom also owns 4 properties.
She bought her first property to get away from her mom and have space. She bought her first property (a 2-bedroom house) in Protea Glen after being referred by a client. She got funding from Mastandi to get the property and to get building funds.
She converted the unit into a 14-unit development where every unit rents out for R3,000 a month.
In 2015, she and her partner decided to buy another property - she quit her job and invested her pension money to build a 10-unit development, where she rents out each unit for R9,000 to University of Johannesburg students. All her units have washing machines, DSTV, and Wi-Fi. To get accreditation, she had to provide the students with transportation.
She is working on her third property, another student accommodation (a 3-bedroom house), where she will be housing 6 students at first, thereafter she plans to build the development into a development that houses 35 students.
She works with an attorney and a digital marketing property company, Bathamaga Property, that helps her find tenants.
This is another incredible episode.
Episode 61: How to do deal analysis and mitigate risk in real estate
Episode 60: Using village land to solve the problems of poverty
Episode 59: Using other people’s money to grow to 70 properties
Episode 58: Why you need a Quantity Surveyor on your next property investment project
Episode 57: From Fitness Trainer to negotiating a R1 billion (US$61 million) property deal
Episode 56: Profiting from rent to rent on the African continent
Episode 55: From a mud house to building dream houses
Episode 54: Overcoming addiction to own 35 properties
Episode 53: Why it is important to get your mindset right before you start off on your investment journey
Episode 52: How the #PropertyMagicians podcast has impacted listeners and guests
Episode 51: How to make a profit in 6 months flipping (buy, renovate and sell) houses using other people's money
Episode 50: Lessons learned from having your properties being auctioned and rebuilding a bigger portfolio during a recession
Episode 49: How to make money flipping properties and invest in property with your taxes
Episode 48: A high return property investment opportunity for the busy investor
Episode 47: Real Estate investing trends in Suriname
Episode 46: From growing up in a tin house to a 380 unit development by the age of 27
Episode 45: Exploring high cashflowing properties in the Cape Town ekasi market
Episode 44: From cleaner to building an international company
Episode 43: An inspirational 8 year journey to developing 14 units
Episode 42: Lessons learned from making R1 Million by 21
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