Profiting from Rent to Rent on the African Continent
In episode 52, Mizo and I shared that our mission for year 2 of this podcast was to showcase real estate investors in other African countries, besides South Africa, so we are excited about episode 56.
In this week's episode, we talk to Jacqueline Tsuma, a real estate investor from Kenya who helps other investors profit from a rent to rent strategy in various African countries.
Jackie was born in Kenya but has lived on 2 continents and worked in 4 different countries.
Her real estate investment journey started when her husband started sharing how his work colleagues would team up with each other to buy large properties (10 - 50 acres) in Kenya and also flips properties in South Africa.
Hearing these stories got both of them interested in the property market and they soon got a US Dollar loan at 6.5% and used that to buy their first property in Mombasa, Kenya.
They soon realized that that property was great for vacation rentals and could be used to generate them an income and 6 months later, they found themselves shopping for another property, and as they say, the rest is history.
Today Jackie helps Africans in the diaspora enter the real estate market on the continent using a rent to rent strategy.
She helps clients rent properties in various African countries, furnish those properties and then works with them to sublet the properties on Airbnb or to diplomats at a higher price.
She works with a team of experts and investors on the ground in various African countries including South Africa, Kenya and Rwanda.
This is another eye-opening episode.
