In this week's episode of the Property Magicians Podcast, the hosts, Vangile and Dr. Miranda, of the show do a show talking about unconventional ways to make money in real estate. We cover 7 unconventional ways to make money and most of it doesn’t require lots of money:
1. Grazing Land- leased
If you have land, you can lease that land to farmers who need land for livestock. We talk about the model that Livestock Wealth employs in KwaZulu Natal, where they lease land for their farmers.
2. Subletting land for agricultural use
We talk about a model we saw being utilized in Sri Lanka where farmland was subleased to grow ginger and turmeric for a food brand and how that contract led to a R250,000 (US$17,000) revenue per annum for half an acre of land.
3. Cemetery
We discussed a Facebook post we saw from a status update from one of our previous podcast guests where he shared about a friend of his who made money by buying land and getting it rezoned to a cemetery. He sold the land to the municipality for 10 times what he’d bought it for and he also makes money from managing the cemetery.
4. Rental Arbitrage
Renting a place and then subletting it, just Like you do on Airbnb.
5. Self-Storage
Leasing our storage units to people - you spend a small amount of money on electricity, sewerage and water. Your main expense is security.
We talk about how to make money by storing Take A Lot packages in South Africa.
6. Unconventional office space
Office space isn’t just big buildings in cities owned by large corporations. You can also have various types of co-working spaces or turn part of your house into a conference or event space and make an extra stream of income that way.
We share how to get started with that.
7. Parking
Not all land has to be used for building properties, some land can be used for parking, which can be very lucrative in crowded cities.
This is another jam-packed episode.
Tune in!
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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