Episode 99: What happens when one discovers that property investing is not for you
In this week’s podcast, we talk to Cindy Dibete, an empty nester, an accountant by profession and a board consultant.
Cindy is the founder of Cosec 8, where she sets up statutory and advisory boards for medium-sized entities that want to break the glass ceiling into large businesses, mentor individuals who want to venture into Non-Executive Directorship and recruit non-executive board members.
Cindy and her late husband bought their first property within days of them deciding they were tired of renting and wanted to own a property of their own.
When their family started to grow, they sold the first property to raise the deposit to buy the second property.
She and her husband then bought 2 properties (2 units) for their child, so that their children could have their own property when they graduated.
One day they went to an Airbnb to visit mom, and they were served "cremated" bacon so she told her husband to buy them a property so they can make their own bacon when they go visit her mom.
They bought a 16 sleeper and that property served as a guest house for her mother.
When her husband passed on and there were issues with some of the properties, Cindy decided property was not for her; she then sold properties (some at a loss) and bought shares on the stock market instead.
In today’s podcast, we talk about something different - what happens when you realize that property investing is not for you?
How do you pivot and find other means of investing that work for you?
Click play to listen to the episode and leave us a comment in the comment section below.
Bonus Episode: Make 17% ROI per annum in your next property deal
Episode 120 (repost): From Being a Creative to making R100k (US$6500) in his first real estate deal
Episode 121: Buying your first property at 21
Episode 119: How to make a fortune developing low-income housing in South Africa
Episode 118: Making US$2,000 - US$4,000 a month with a guest house in Botswana
Episode 117: Using multiple strategies to build your real estate portfolio
Episode 116: How to own property in Rwanda
Episode 115: Unconventional Real Estate
Episode 114: Creative ways to fund property developments without bank funding
Bonus Episode: Raising over R2.6 million in the stokvel and changing our name
Episode 113: How to work with a quantity surveyor to increase your profits and decrease expenses
Episode 112: Growing a construction company by 400% in 10 years
Episode 111: Investing in property straight out of college & owning a 9 unit property at the age of 28
Bonus Episode: Raising R268,974/US$17,935 in 7 days to invest in property
Episode 110: Buying 3 positive cash flowing multi-lets during a pandemic
Episode 109: The magic is in your mess
Episode 108: From rural Limpopo to building a multi million rand property portfolio
Episode 107: How to build a property portfolio that replaces your income in less than 5 years
Episode 106: How to make 2 to 3 times your rental income as an AirBnB Hostpreneur
Episode 105: How to own 6 properties in less than 12 months
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