In episode 9, we interview Ntombi Sithole, a full time property entrepreneur, who shares with us how she was able to build a property portfolio that cashflow a. R105, 000/ $7,000 per month.
She shares how she bought her first building in 2015 for R 2.5 million ($167,000) and how that building is now worth R6 million ($401,000).
So how did she do it?
You will have to listen to this podcast to really grasp it, but here are some things she shared:
1) Other people's money: she raised money through family and friends and also got funding from non traditional sources of funding
2) She utilized her relationship. She told us that relationships are the new wealth. Not money
3) Lots of courage. She didn't wait u til she was ready or had all the resources. She improvised and got creative when things got tough
Ntombi's company is called Pat-Nini Properties. They Invest, Remodel and Manage Properties.
Their email address is: info[at] patniniproperties[dot]co[dot]za
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 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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