From Fitness Trainer to Negotiating a R1 billion (US$61 million) Property Deal
In episode 57, we talk to Toni Ninkovic, a property mentor, who’s originally from Serbia and now lives in South Africa.
Toni grew up in a 19 square meter home in a family of 5. His mom would always tell him not to work for someone and would encourage him to work for himself.
So he started dabbling in entrepreneurship in his teens, by the time he was 12, he was buying his own clothes with his own money and by the time he was 22, he was earning 3 times his mother’s salary.
He realized he wanted more, so he decided to leave Serbia for the US, where he ended up working on a cruise ship, which is where he met his South African wife.
He came to South Africa to meet his wife’s parents and he fell in love with the country and that was it - they stayed.
A few years ago, he went to a 3 day Rich Dad, Poor Dad workshop, which launched him on his current property journey.
He started flipping properties (buying properties low and selling them at a higher price) and made R120,000 (US$7,300) on his first property.
He soon realized that property flipping took a lot of time and energy so moved into property sourcing, where you make money by finding good property deals for other people to invest in.
In this episode, Toni also shares with us how he was able to negotiate the cost of a R1 billion (US$61 million) property deal down to R850 million (US$52 million) and how he made 2.5% commission from that deal.
At the end of 2019, he started his own property mentoring company (propertymentor.co.za) and now teaches others how to access the property market.
