How to make Money Flipping Properties and Invest in Property with your Taxes
In this week's podcast episode, we talk to Doris Mpela, a full-time property investor and mentor.
Doris is an accountant by profession, she got into property because she wanted to retire by the age of 40 and she could see from her work as an accountant that her most successful clients were the ones who owned property.
She bought her first property 15 years ago to live in and then later moved into a different property and rented out the first property.
A few years later she bought her third property and got tenants for that property, she also signed up for real estate courses and mentoring and started her journey in earnest in 2017.
In 2017, she retired from her job and bought 7 properties in 1 year in 2018.
She also started flipping properties to supplement her rental income and make money to buy more properties cash or to pay down a bigger deposit on new properties she was buying.
In this episode, she shares her strategy around flipping, including how she once sold a property in 2 days and buys and sells properties before she even has a title deed in hand!!!
Doris also teaches us about Section 12J, which allows you to use your taxes to buy property, without ever putting any money down or taking out money if you are in South Africa.
This is another mind-blowing episode.
