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.
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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