How to invest in backrooms as a side hustle [Township Property Investment]
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- čas přidán 24. 07. 2024
- Township Property Investment aka ama backrooms is popular in buzzing townships like Ebony Park, Tembisa, Soshanguve just to name a few. Ndumiso, Ekasi Property, is sharing how he started back in the mid-2000s by buying a property for R150k, 2 bed 1 bath and now has 6 backrooms and renting out the main room. He is Equity rich and has a HEALTHY cash flow, gives back to the community, has a family-like way he runs his ama backroom rentals.
Township Property
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I love this guy's honesty. He doesn't claim to know what he doesn't know And what I love about this channel is that TJ literally asks all the relevant questions such that the interview leaves you clued up and well informed... Big ups to you...
Thanks Prosper
Thanks for this, much appreciated.
Dope episode once again. Authentic characters and stories I wholeheartedly relate to. Well done everyone.
Watching from the UK as i recently spent a few weeks in SA and loved it..was in Soweto and later Durban. Saving this video to my educational playlist..thankyou
Glad you enjoyed it!
TJ thanks for the content
Best interview 🙌
Wow thanks for the video what an insightful information. I really appreciated that
Glad it was helpful!
Thanks guys keep up the good work we are learning a lot from this videos M5 ❤️😘💯
Glad to hear it!
What an enlightening and informative video. Thank you veery 🤝
You are welcome!
Surely learnt a lot from Ndumiso, and dankie for your sincerity
Happy to hear that!
Thanks guys for the great interview.
Glad you enjoyed it!
Great video and great interview. :-)
Thanks so much!
Interesting...its all about getting started
Thats it. well done
When you're new to the business it can all be quite overwhelming. So thanks for the informative and relaxed chat, guys.
If you were standing around in suits, all us newbies would get a bit intimidated.
thanks for the feedback and hope you are getting value
Insightful, thank you 🙂👌
My pleasure!
TJ. I'm very inspired
Happy to have inspired you! Let's get out there and make some moves!
Love the content, Ndumiso I'd like to advice you on getting a caretaker for your property. It's gonna dent your business image if not attended to
ha ha ha - I told him so. Thanks for the tip!
I want to do this business. I am giving myself 3 years so I can save money. I
Thank you so much...
You're most welcome
Thank you for the content/information, as someone who grew up in a shack(mkhukhu) and still live in it. I wanted to buy a spacious yard/house and rent It out so that I can be able to build more rooms at the back at the time goes. the video showed me some of the things I need to be aware of before I can get into this business.
Am I allowed to buy an RDP house with flats at the back using FLISP and rent it all out or there will be issues with the department of human settlement.
Thank you once again.
Thanks for sharing!
just came across this video, awesome stuff...quick question how do you insure that your tenants dont become abusive in the water usage
you can install pre-paid meters and they buy water from you.
Nicely done.TJ Please get the camera guy to move the camera to where the conversation is going .As you move around being shown projects the camera guy or girl needs to move the lens to show the rooms and facilities you are discussing. Otherwise all else is good.
thanks for the feedback
Thank you very much M5.I get inspired everytime I watch these kind of videos , if I buy a house that does not have a title deed in Tembisa -how can I then get a title deed as the seller already informed me that the house has no title deed?
we will never recommend buying a property that does not have a title deed. Rather find one that has one
@@MyPropertyBusiness thank u very much
Where are the sessions, i would like to attend?
I want to make a deal with this man
Im currently owning a 1 bedroom flat in cape Town bond, taxes and levies amount to R6200 and Rental is R6000 next year I'm going to use this Rental to buy 2 RDP houses in my hometown in Kroonstad at R200 k each with a possible rental income of 1500 per RDP.. All i am saying is where possible use the rent of the Queen property to fund other properties...
Sounds like a great strategy Hope! Just make sure you are making a profit on your rentals every month and that you are not supplementing anything. You can check out the rental calculation video that Retha did on how to do this, if you have not yet seen the video :)
Here is the link to it: czcams.com/video/j8gQrdFr7hw/video.html
I'm thinking of buying an Rdp house, well that's all I can afford and then after a couple of years do the backrooms, but what if I don't get tenants and I don't even earn alot of money from my job but would like to own rental property even if it is in the township
As long as you have a good product (rental unit) at the right price you will always have tenants. Check out the video on our channel "how to calculate passive income from a rental property" to see how to do the numbers right so you don't end up supplementing each month.
@@MyPropertyBusiness my brother you're doing phenomenal work and I probably will take one of your courses
What are the disadvantages of buying such a property with backrooms to continue renting out
Management could be tricky to split bills but it depends with the investor if one is creative to mitigate risks before they occur...
Is city of Johannesburg omitting land use rights?
Sounds like in this area there is blanket approval or the city is quick to approve....
I'm about to purchase land, do you think its a good idea to buy land and build later or buy a house and rent it out now pls assist me
M buying land to build rentals
It is always better to buy something that can get you an income from day 1. Land only will be an expense while you are building which could take long depending on what you are building
Guys this information
😄 Glad you like it!
Hi, I'm trying to grow my CZcams channel. I personally had a bad experience with purchasing a township house and I'm hoping to make people aware of these issues.
Hi Charleen, we would like to hear your story and potentially feature it here on our channel. Please send a mail to retha@m5propertyaddicts.com if you would like to share and feature your channel
Assist me i want to be in contact to Ndumiso (Kasi property investment)
Hi His details are in the description
How do i contact you guy?
info@m5propertyaddicts.com
Boomers lucky mfs, things are way way expensive thise days