How to make Money from Flipping Houses as a newbie Property Investor
In this week’s podcast episode we talk to Musi Skosana, a property investor and asset manager.
Musi was awarded Equity Dealer of The Year for 2014 and was consequently named a Game Changer in the financial services industry in South Africa.
He is the founder of MSM Property Fund, an asset and private equity manager specialised in property. He was rated number 1 manager for the past year in terms of returns by Citywire.
In this episode Musi shares how he started off as a property investor by buying Growthpoint shares, watching the property channel and learning about how to renovate houses and sell them.
He bought his first property in his 20s with a friend. It was a one bed, one bath apartment, which they renovated and decided to keep and rent out because it was cash-flow positive.
The second property they bought was a 2 bedroom property that cost them R600,000 (US$43,597), which they renovated and sold at R1.3 million (US$94,461) a few months later.
Their third property was a 10 unit multi-let, which they also sold at a profit.
In this podcast Musi talks to us about collaborating with real estate partners, how to get started with flipping a property, how to find your building team and what to focus on when renovating your property.
This is another great podcast episode.
