Episode 85: How to accelerate the growth of your portfolio by buying properties cash

In this week's podcast episode we talk to Vumile Msweli, a career coach who helps people connect where they are with where they want to go.

 

Vumile is a property investor who comes from a family of real estate investors - her grandparents were in property so she knew about property from a very young age.

 

She got into banking to get exposure to different clients and preferential interest rates (which are available to bank employees); she also chose to rent a back room for R1500 instead of renting an apartment.

 

She shares how she used her first paycheck to buy her first property in Germiston and made a rental income of R5500 from that, which covered her rental expense.

 

Shortly thereafter, she bought properties in Maboneng and Pretoria and also moved to a new company that enabled her to make 2 purchases at staff rates.

 

In this podcast Vumile shares how travelling and living in different countries changed her view of property investing and why she now buys properties cash and how that can actually lead to accelerated portfolio growth in the long run.

 

She also imparts some incredible advice on delayed gratification, life and careers for property investors.

 

This is another incredible episode.

 

Click play below to learn more.