How to make money in real estate without owning or selling property
In episode 32, we talk to Zakhele Myeza about his journey in real estate.
Zakhele was introduced to real estate at a young age by his mom who was a real estate agent.
He fell in love with the way sellers described their properties and started understanding what people were looking for in property.
His real estate journey is interesting because he started his property journey with a 4 bedroom rental property where he was paying rent of R6500 (US$340) a month.
He built a great relationship with his landlord who then gave him permission to sublet the property.
He started adding value to the property by making it beautiful and ended up renting out the 3 extra bedrooms for R5,500 per room per month.
He saved on rent and was making a profit of R10, 500 (US$556) per month by subletting the property.
He then rented another 3 bedroom property for R7, 000 per month in the same building, renovated it and rented out each bedroom in the apartment for R5, 500 per month.
He now had an extra R 9,500 (US$503) per month.
He has since branched into house ownership and owns an 8 sleeper multicultural student accommodation and is involved in a 16 sleeper house hack.
In the podcast he shares how he's pivoted the student accommodation during this pandemic to continue generating positive cashflow.
Zakhele also teaches and coaches people to house hack and invest in property.
You really don't want to miss today's podcast episode.
