In this week’s episode we share our stories and what it’s been like to run a business where we loan people money and they refuse to pay us. We talk a lot about getting out of debt, but we rarely talk about the people that are owed money and how it affects their lives and businesses. We hope that this podcast leads to a deeper conversation about debt and the importance of paying the people you owe ..read more

In this week’s episode we talk to Khumo Nawa from Botswana. Khumo has been in the banking sector for 15 years and decided at a young age that she wanted to be out of the corporate world by the time she was 35, but she started working and forgot the dream. In 2016, she found herself feeling unfulfilled and drifting into depression and ended up leaving her job prematurely in 2017. Luckily, she acquired her first property in 2011, a 2 bedroom house on a piece of land, when she had read Rich Dad, Poor Dad, in the same year (2011) she decided to get a 500,000 Pula loan to build a 3 bedroom house fo ..read more

In this week’s podcast we talk to Nthabiseng Sejake, a property investor and municipal employee from Soweto who works in utility and property management. Her mom is an entrepreneur who owned a shebeen (tavern), which is now a bottle store; her mom also owns 4 properties.   She bought her first property to get away from her mom and have space. She bought her first property (a 2-bedroom house) in Protea Glen after being referred by a client. She got funding from Mastandi to get the property and to get building funds.   She converted the unit into a 14-unit development where every unit ..read more

In this week’s episode of the Property Magicians Podcast, we talk to Thapelo Mokau, a flight engineer and property investor.   He bought his first property in 2019 when he qualified as a flight engineer. He was planning to stay at the property but he attended a real estate seminar where he was told there were a few strategies he could use.   He started with sourcing, where he looked for property for investors. He started by engaging with other sourcing agents and started building a relationship with various people in the real estate industry.   He bought a property in Boksburg t ..read more

In this week’s Property Magicians Podcast, we bring you a bonus episode from a class we had for our stokvel members where Leroy taught us about running the numbers and analyzing a deal so we could understand what makes a property profitable and if it's ever a good idea to make a loss in cash flow on an investment. In this class, we learned that there are three stages when it comes to running the numbers: Stage 1: Capital Cost - Transfer Attorney fees - Transfer Duty (if your property is over a million rand) - Bond Attorney fee - Deposit - Auctioneer costs Stage 2: Refurbishment/ Holding Cost ..read more

In this week’s episode we share our next Property Magicians Stokvel deal. This is the fifth deal that we will be investing in as a stokvel. Here's a quick summary of the minutes and what was discussed at the meeting: The meeting starts off with Vangile greeting everyone and giving us updates on the stokvel. Vangile than hands off to Miranda so she can brief us with Deal 2’s payout that is happening in Aug 2022 and how everything will work. Miranda then takes us to Deal 5. Miranda explains why the first investor didn’t work. The reason was that she couldn’t get a hold of the seller because the ..read more

In this episode, a serial entrepreneur and creative Tsotetsi of the Moleleki-Group shares his journey of being in sales, an account manager, a stylist and a brand manager for various corporations. He loves design from clothes, furniture AND beautiful spaces. This is what landed him with architects and developers of “high-end” properties in the North of Johannesburg.  He had very little knowledge of real estate when he did his first deal - a “flip” that yielded R100 000 (US$ 6 370). He bought a piece of land in a high-end Estate from a “distressed owner”, the land already had municipal ser ..read more

In this week’s podcast episode we have Malebogo Zilberman. Malebogo is a 39-year-old Fellow Chartered Accountant registered as a Fellow with the Association of Chartered Certified Accountants (FCCA) and a Fellow Certified Professional Accountant registered with the Botswana Institute of Chartered Accountants.   Her first property deal was a deal she entered into to help her mom develop back rooms.    She understudied her mum's development journey and saw how she used cash to develop 7 backroom houses and used them as a source of income. She saw how her mom started the first 3 ro ..read more

A ..read more

A ..read more