In episode 10, we interviewed Linda Dotwana, a portfolio manager from TUHF.
TUHF is a financier that focuses on granting loans to property entrepreneurs who are focused on investing in the inner city.
They have financed up to 40,000 residential units in South Africa.
They work with property entrepreneurs to find high return on investment opportunities in the inner city.
Their philosophy is simple: they work with entrepreneurs and meet them at their level.
They understand that most entrepreneurs don't have all their ducks in a row and are hustlers at heart so their funding requirements are very different from traditional banks.
In fact Linda told us that most banks have an exaggerated sense of risk.
TUHF is not focused on credit reports and credit scores, nor are they worried about how much equity or income you have, which makes them the ideal financing partner for beginner investors.
Here are some other things that make TUHF different to traditional banks:
- they don't see the inner city as high risk, they have an intimate knowledge of the challenges within inner city, which helps them mitigate their risk
- they don't require prior property investor experience because they will give you the people resources and networks to help you succeed
- they give you access to their investor network and team you up with an investor who has already done what you're looking to do
- they see themselves as a commercial property funder but have 15 year loan terms vs 10 year loan terms
- they calculate and pay for refurbishment costs
- they pay for the cost of evaluation of the building
- they have no monthly admin costs
There's so much more that got us super excited about this podcast episode, but to learn more, you will have to listen in, so just click play and be prepared to be blown away.
You can contact TUHF at: tuhf.co.za
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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